ACS won a two-year, $14.7 million contract to deliver and operate an enhanced version of its Pharmacy-Only Processing System to the Massachusetts Division of Medical Assistance. Under the contract, ACS' Pharmacy Benefit Management Services unit will implement point-of-sale claims processing for the 28 million prescriptions covered by the state's Medicaid program each year.
I don't know about you, but I feel much better about America today than I did two months ago. During the past year, the country seems to have been cleansed of excesses and mistaken priorities. Generally, the spirit of America is strong, and determination is steadfast as we confront a clear threat to our freedoms and governing principles.
Stocks of companies in the federal information technology market continued to show strength following the Sept. 11 terrorist attacks, with CACI International Inc., PEC Solutions Inc., Titan Corp. and Dynamics Research Corp. all having strong performance in the past two weeks.
With sole responsibility for moving the U.S. military through the air, the Air Force Mobility Command isn't exactly known for skimping on security. So the command's decision in early October to deploy wireless local area networks, or WLANs, may seem to be at odds with earlier news about the multiple security holes riddling the WLAN standard, known as 802.11.
The government's new program to squeeze more channels from its allotment of radio spectrum will generate up to $1 billion worth of opportunities for five companies.
Georgia officials this month will put out for bid a landmark communications outsourcing project that combines telecommunications and data services into a single contract, estimated to be worth more than $2 billion over 10 years.
Anteon has been awarded a contract by the U.S. Geological Survey to provide professional and technical services for the Biological Resources Division Western Regional Office, which includes Alaska, Hawaii, Guam, Washington, Oregon, California, Idaho, Nevada, Utah, and Arizona.
Most of the time, investor excitement and public-sector-oriented companies are mutually exclusive. But not now. The emergence of a strong appetite and intense interest in companies serving government and defense markets has been dramatic.
American Management Systems Inc. will receive $43 million in cash from National Union Fire Insurance Co. AMS had initiated a lawsuit against National Union last fall under Paul Brands, then-chairman and chief executive officer, who said the insurance company prevented AMS from reaching a reasonable settlement with the state of Mississippi over a failed tax system.
In the 10 months after Electronic Data Systems Corp. won the Navy-Marine Corps Intranet project, the company had installed only the first five seats in the program, as the Navy and Congress took a cautious approach to the massive outsourcing effort. But following the Sept. 11 attack on the Pentagon, the Navy used the NMCI program to quickly provide computer service to displaced personnel.
In the 10 months after Electronic Data Systems Corp. won the Navy-Marine Corps Intranet project, the company had installed only the first five seats in the program, as the Navy and Congress took a cautious approach to the massive outsourcing effort. But following the Sept. 11 attack on the Pentagon, the Navy used the NMCI program to quickly provide computer service to displaced personnel.
Satellite phone service providers such as Globalstar LP have long struggled to gain marketshare in a field glutted by cheaper cellular phone services. Last month, for instance, Globalstar laid off half its work force, reducing its ranks to 175 people.
