Posts from ExecutiveBiz for 11/01/2016

Harris to Sell Maritime Comm Business for $425M, First Divestiture Since Jana Pact

Harris Corp. (NYSE: HRS) has agreed to sell its maritime energy communications business to global satellite services company SpeedCast International for $425 million in the military radio maker’s first divestiture since its August agreement with activist hedge fund Jana Partners…
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Harris & Engility Top Wall Street’s Quarterly Earnings Forecasts, KBR Reports 3Q Net Loss

Three GovCon Index-listed government contractors and one also included in the S&P 500 composite index posted quarterly financial results before markets opened Tuesday. Co-listed Harris Corp. (NYSE: HRS) posted fiscal year 2017 first quarter earnings and revenue above Wall Street’s consensus forecasts and in conjunction announced a $425 million sale of its CapRock communications business as part of its ongoing portfolio review…
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DARPA Picks Raytheon for $175M Hypersonic Air-Breathing Weapon Phase II Research Contract

Raytheon (NYSE: RTN) has received a potential $174.7 million contract from the Defense Advanced Research Projects Agency to perform research work under the second phase of the Hypersonic Air-breathing Weapon Concept program…
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HPE Closes $275M Buy of Silicon Graphics International to Add High-Performance Computing Footprint

Hewlett Packard Enterprise (NYSE: HPE) has completed its acquisition of high-performance computing technology provider Silicon Graphics International for $275 million to add new data analytics technology and pursue HPC market growth…
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NASA Reschedules NOAA GOES-R Satellite Launch to Nov. 16

NASA has moved from Nov. 4 to Nov. 16 the launch of the first of the four National Oceanic and Atmospheric Administration’s geostationary weather satellites. The space agency said Tuesday the Geostationary Operational Environmental Satellite-R system will be called GOES-16 once it reaches the geostationary orbit and will work to capture images of weather patterns every five minutes in order to help predict storms, monitor lightning conditions as well as generate aviation and maritime forecasts…
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Northrop Receives Final NeXolve-Built Sunshield Layer for Webb Space Observatory

NeXolve has built and delivered the fifth sunshield layer for NASA‘s James Webb Space Telescope to Northrop Grumman‘s aerospace campus in Redondo Beach, California. NASA said Tuesday Northrop will integrate final flight layers into the telescope’s sunshield subsystem to support folding and deployment tests as part of the final system validation process…
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Turkey Moves to Buy Second Lockheed F-35 Batch

Turkey’s defense procurement authority has agreed to purchase a second batch of Lockheed Martin-built F-35 fighter jets, Defense News reported Monday. Burak Ege Bekdil writes the country’s procurement and military officials expect to complete a dual-fighter jet fleet comprised of the F-35 and an indigenous aircraft called TFX by 2023…
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Acendre Chosen for Federal Housing Finance Agency Recruitment System Update

Australia-based talent management software provider Acendre has secured a contract to automate and update the recruitment system of the Federal Housing Finance Agency for excepted service hires. The company said Thursday that the contract will cover work to implement Acendre Recruitment and the company’s cloud-based People Analytics software designed to transform an organization through executive- and operational-level reports and dashboards…
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Air Force Picks Applied Defense Solutions Team for Space Data Contract; Tom Kubancik Comments

Applied Defense Solutions will collaborate with Lockheed Martin, Pacific Defense Solutions and Kratos Defense & Security Solutions subsidiary RT Logic to supply space surveillance data to the U…
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Report: OPM Says Personnel Data Breach Victims Need to Sign Up Again for Identity Monitoring Services

Officials at the Office of Personnel Management have said former and current federal employees whose personal data were compromised in a cyber hack at OPM must register again to retain coverage for identity protection services, the Washington Post reported Monday…
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CyrusOne Names Diane Morefield CFO

CyrusOne has named Diane Morefield, former executive vice president and chief financial officer of Strategic Hotels & Resorts, to succeed Gregory Andrews as EVP and CFO on Nov. 14. Morefield was responsible for Strategic Hotels & Resorts’ accounting, finance, capital markets, tax, investor relations and information technology in her previous role and was a member of the company’s executive management committee where she assisted in the development of strategic and investment initiatives, CyrusOne said Monday…
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GTS to Produce Common Processing Tech for Navy Combat Systems

Global Technical Systems has secured an $18.5 million delivery order from the U.S. Navy to produce and test 36 common processing system units that will work to help address the computer requirements of various Navy combat systems…
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