Posts from ExecutiveBiz for 06/05/2015

Reuters: CSC in ‘Exploratory’ Talks for Potential Public Sector Division Sale

Computer Sciences Corp. (NYSE: CSC) has received interest from three companies in a potential purchase of CSC’s public sector unit and held exploratory discussions with those firms, Reuters reported Thursday
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BLS Report: Nonfarm Payroll Employment Up in May, Unemployment Rate Unchanged

The Bureau of Labor Statistics reports that nonfarm payroll employment in the U.S. increased by 280,000 during May and unemployment rate held at 5.5 percent. BLS said in its latest jobs report released Friday the unemployment rate has been stable since February alongside the number of unemployed persons, with the long-term unemployed number at 2…
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DoD Approves $4B Navy Carrier Construction Contract for Huntington Ingalls

Huntington Ingalls Industries is set to receive a $4 billion contract to design and build the U.S. Navy‘s second Ford-class aircraft carrier, Bloomberg reported Friday. Anthony Cappacio writes the Navy has obtained approval from U…
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Army Selects CAE for $200M Fixed-Wing Pilot Training Contract; Gene Colabatistto, Ray Duquette Comment

CAE‘s U.S. arm will provide initial and recurrent pilot training services to the U.S. Army and U.S. Air Force under a potential eight-year, $200 million contract from the Army. The company said Thursday it will train at least 600 fixed-wing pilots per year through the end of September 2023 at CAE’s future training center at Dothan Regional Airport in Alabama…
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Logos Technologies Lands Navy UAV Sensor Research Contract

Logos Technologies has won a $32.8 million contract to perform research on compact sensor platforms for the U.S. Navy to use on at least three types of unmanned aerial vehicles. The Defense Department said Thursday the sensors could be integrated with Tigershark,  RQ-8 Firescout and RQ-21 Blackjack UAVs for use in hyperspectral imaging and wide area aerial surveillance missions of the Air Force and Navy…
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Report: Navy to Launch UCLASS Contract Competition After DoD’s Aircraft Portfolio Review

The U.S. Navy cannot issue a formal solicitation for the Unmanned Carrier Launched Airborne Surveillance and Strike System contract until the Defense Department has completed its review of military aircraft portfolio, Reuters reportedWednesday
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