Total System Services Inc. has signed a five-year agreement valued at more than $120 million with Accenture Ltd. to process postsecondary student grant and loan funding for the Department of Education, the company announced April 30.
Seven companies have been selected for next generation engineering services for the Defense Information Systems Agency. The indefinite delivery, indefinite quantity contract vehicle will have a seven-year life and has an overall ceiling of $1 billion.
The New York joins Global Crossing Ltd. and Sprint Communications Corp. in objecting to the award of the Defense Research and Engineering Network contract to WorldCom.
Move over combat systems and aerospace: For the first time, General Dynamics Corp.'s information technology group has generated more revenue than the aerospace, combat systems or other groups more traditionally associated with the company's defense work.Chairman and chief executive officer Nicholas Chabraja said: "Information Systems and Technology was the sales leader for the first time among our four groups."
Lockheed Martin Corp. is searching for additional talent to complement the team it has assembled to pursue the Army's Warfighter Information Network-Tactical, a $7 billion contract.
Sprint Communications filed a protest with the General Accounting Office over last week's award of the Defense Research and Engineering Network contract to WorldCom Inc.
The General Services Administration has modified one of the company's Metropolitan Area Acquisition contracts so it may make available a portfolio of voice and data communications products.
Electronic Data Systems Corp. has realigned its largest business units and promoted three key executives. The changes will leverage EDS' traditional It outsourcing strength into the growing markets for business process outsourcing and IT solutions consulting.
Paul Kayatta left his position as president of Global Crossing Government Markets to become president of Pragmatics Inc., a systems and software engineering company.
Raytheon Co. filed a protest over the acquisition process for the FAA's En Route Automation Modernization contract, which could be worth as much as $1 billion.
Anteon Corp. and its president Joseph Kampf saw its stock rise 11.4 percent to $20.05 during its March 12 debut on Wall Street. The initial public offering price was set at $18 per share. Anteon, whose ticker symbol is ANT, expects net proceeds of $76.2 million from the offering.
Anteon Corp., led by president Joseph Kampf, has scheduled its initial public offering for today, setting its opening share price at $18. Meanwhile, CACI International Inc. said it is making a secondary offering of about 4.3 million shares, priced at $35 a share.
Systems integrators SRA International Inc. and Veridian Corp. each have filed with the Securities and Exchange Commission for initial public offerings of common stock, the companies said in separate announcements March 6. Neither company has set its initial share price or the date the company will go public.
