Tag Archives: business news

SAIC’s Walt Havenstein, Mark Sopp Comment on Profit Growth

SAIC Inc.’s fiscal second-quarter profit climbed nearly 54 percent thanks to a refocus on areas such as cybersecurity, energy and health. “We continue to balance our resource allocation among internal growth efforts, merger and acquisition activity, and share buybacks to promote long-term growth and increased shareholder value,” said Walt Havenstein, …

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Red Hat Names Gen. H. Hugh Shelton Chair

Red Hat, Inc. has elected Gen. H. Hugh Shelton (retired) to serve as chairman of Red Hat’s board of directors, succeeding former Red Hat CEO Matthew Szulik. A member of Red Hat’s board of directors since April 2003, Shelton previously held the position of lead director and currently serves on …

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CSC Reaches Milestone on FAA Project

CSC (NYSE:CSC) has transitioned Federal Aviation Administration (FAA) servers and support systems from the FAA Air Traffic Control System Command Center in Herndon, Va., over to the William J. Hughes Technical Center in Atlantic City, N.J. The move comes as part of a larger FAA plan to overhaul traffic-flow management. …

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Max Hall, Stephen Hughes Join Pragmatics

Pragmatics has named Max Hall and Stephen Hughes to leadership positions. Hall has been named chief operating officer, while Hughes will take on the role of chief financial officer. “As we position Pragmatics for continued corporate growth and significant expansion, we are taking steps to ensure that our executive team …

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CSC Caps Bass & Company Acquisition

CSC (NYSE: CSC) closed the acquisition of Bass & Company, a consulting firm specializing in electric, gas and water utilities. According to the firm, “the acquisition will enable CSC to better serve global utility clients and supports CSC’s strategic industry growth plan to expand the company’s presence in the chemical, …

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Harris Wraps Up CapRock Deal

Harris Corporation (NYSE:HRS) finalized its planned acquisition of CapRock Communications. The privately-held firm was purchased for $525 million in cash, subject to post-closing adjustments. Private equity firm ABRY Partners was the firm’s majority owner. CapRock CEO Peter Shaper will remain on to serve as president of the business, functioning as …

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Wes Bush Discusses Northrop’s Financial Status

Northrop Grumman  (NYSE:NOC) reported that second quarter 2010 earnings posted an increase, signaling continued prosperity for the firm. “Overall, we’re pleased with our second quarter results,” CEO Wes Bush said. “Our focus on performance improvement is generating positive results across all our businesses. Aerospace, Electronics, Information Systems and Technical Services each …

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Boeing Submits Proposal in Bid for Tanker

Boeing (NYSE: BA) sent a proposal to the U.S. Air Force outlining a plan for the next-generation aerial refueling tanker aircraft. A version of Boeing’s 767 commercial airplane, the NewGen Tanker would replace 179 of the 400 aging KC-135 aircraft currently in the Air Force fleet. “We are honored to …

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