Posts from ExecutiveBiz for 05/03/2016

Harris Cuts FY 2016 Earnings, Revenue Forecasts on Slowing Middle East Demand

Harris Corp. (NYSE: HRS) — an S&P 500 company listed in Executive Mosaic’s GovCon Index — has cut full-year revenue guidance for a second consecutive quarter in its current fiscal year with this reduction due to a slowdown in tactical communications product demand from the Middle East…

Health Services Contractor DLH Buys Danya for $38.75M in Federal Market Push

Atlanta-based healthcare and medical logistics contractor DLH Holdings Corp. (NASDAQ: DLHC) has purchased health information technology and program management services provider Danya for $38.75 million cash-and-stock in a push to expand both business’ federal market footprints…

Northrop-Led Team Awarded $92M Contract to Update CMS’ Fraud Prevention System

A team led by Northrop Grumman (NYSE: NOC) has been awarded a potential five-year, $91.6 million contract to update a technology platform that the Centers for Medicare and Medicaid Services uses to identify improper, fraudulent and wasteful Medicare payments…

Lynn Dugle: Engility to Continue Support for TSA’s Security Screening Program

An Engility subsidiary has been awarded a potential five-year, $90 million contract to help evaluate the security screening processes and equipment and information technology systems of the Transportation Security Administration…

Lockheed-Sikorsky Team Completes Combat Rescue Helicopter Air Vehicle Preliminary Design Review

Lockheed Martin has conducted an air vehicle preliminary design review for its Combat Rescue Helicopter program that will look to replace the U.S. Air Force‘s Sikorsky-built HH-60G Pave Hawk. The conclusion of the preliminary design review on the HH-60W air vehicle moves the program forward to detailed design work on the air vehicle and logistics system as well as a preliminary design review of the training systems in August, Lockheed said Monday…

Dell, EMC to Name Future Combined Firm ‘Dell Technologies’

Dell and EMC (NYSE: EMC) have announced their integrated enterprise information technology company will do business as Dell Technologies once the process of their estimated $67 billion merger is complete…

Lynn Orr: DOE Funding Program to Support Clean Energy, Grid Modernization Initiative

The Energy Department will allot $25 million in funds to aid the efforts of software developers, solar companies and utilities to integrate solar energy into the power grid in support of DOE’s Grid Modernization Initiative…

Raytheon Secures Socom Contract to Produce ‘Silent Knight’ Radar System

Raytheon has landed a potential $49.5 million contract by the U.S. Special Operations Command to continue low-rate initial production of the Silent Knight radar system. The company’s space and airborne systems business will perform work in McKinney, Texas, and Forest, Mississippi, through October 2018 under the indefinite-delivery/indefinite-quantity contract, the Defense Department said Tuesday…

Exabeam Names DoD, DOE, AF Cyber Vets to Federal Advisory Board; Robert Lentz Comments

Exabeam, a security intelligence platforms provider, has created a federal advisory board in an effort to help federal and state government agencies detect and respond to cyber threats. The company said Monday the board will consist of Robert Lentz, president of Cyber Security Strategies and former chief information security officer at the Defense Department; and Pete Tseronis, Dots and Bridges CEO and former Energy Department chief technology officer…

Orbital ATK to Launch Thaicom 8 Broadcast Comms Satellite in Late May

Orbital ATK has delivered the Thaicom 8 communications satellite that it built for Thaicom to Cape Canaveral, Florida, to prepare for a scheduled May launch. The Dulles, Virginia-headquartered company said Friday Thaicom 8 is based on its GEOStar-2TM platform and is designed to support Thailand’s broadcast industry and deliver broadcast and data services to clients across South Asia, Southeast Asia and Africa…

Air Force, Lockheed Partner to Build Integrated Battle Mgmt System

Lockheed Martin has won a $16.2 million contract to help the U.S. Air Force build an integrated system for the military branch to manage air-to-ground and air-to-air combat missions in a peer threat contested environment…