Government IT and defense technology companies in the federal sector continue to deliver solid and predictable performance to investors, with an improving market outlook.
BTG management announced that it has been awarded multiple new and extended contracts with combined estimated revenue of $13.5 million over a three- to five-year period.
The Army has selected 17 companies for a third set of training activities within its $4 billion, eight-year program to revamp training and simulation services.
Lucent Technologies Inc.'s plan to reduce its work force by 10,000 and take a one-time charge of between $1.2 billion and $1.6 billion likely will have little effect on the company's government sales operation.
SPSS Inc. of Chicago is seeking to raise its profile as a provider of analytical applications to government by retooling the management of its public-sector division and launching a new partnering program.
In a flurry of activity during the holiday season, Affiliated Computer Services announced the expansion of its technology outsourcing services agreement with Anthem Blue Cross and Blue Shield related to its eastern region business operations.
Northrop Grumman Corp.'s planned $5.1 billion acquisition of Litton Industries Inc. is getting favorable reviews from analysts and industry officials who see a bigger and stronger company capable of pursuing large information technology projects, including outsourcing contracts, intelligence work and complicated defense systems.
The fundamental strengths and investment appeal of government information technology and defense technology companies ? the government technology sector ? has begun to emerge within the context of the dismal overall market psychology that began to take hold in April 2000.
Despite its now entrenched legacy as the year of the punishing market correction, the year 2000 is also likely to be remembered fondly by many technology companies as the year of the well-spent congressional lobbying fund.
Competitive intelligence firm Current Analysis Inc. is bullish on prospects for Manugistics Group Inc., following the announcement that Manugistics has been awarded a basic order agreement by the NATO Consultation, Command and Control Agency.
It is surprising how quickly investors can change their views of industries and business models. Stock markets tend to magnify these views on both the upside and the downside, as selling or buying momentum combines with human emotions.
The planned breakups of AT&T Corp. and WorldCom Inc. could open the door for competitors to steal federal business from the two telecommunications giants, according to industry analysts and competitors.
<b>Richard Gildea</b> is the new vice president for Navy programs, corporate business development for <b>Raytheon Co.,</b> Lexington, Mass. Gildea served as director of Raytheon's naval aviation program and before that was director of Navy business development at Hughes Aircraft Co., which merged with Raytheon. In his new position, Gildea is responsible for securing Navy business and ensuring customer satisfaction. He succeeds William C. Francis, who is retiring from Raytheon.
The love affair between market investors and technology companies is on the rocks. This is true for both mature companies and young businesses. We've come back to basics in these markets to focus on profits, cash flows and proven success.
Network Appliance Inc., a data storage and data management company, launched a federal unit Oct. 23 to chase growing e-government opportunities, such as reducing network management time, increasing bandwidth capacity and helping recover lost data.
With most of the information technology services companies having reported 2000 third-quarter earnings by now, I can summarize the results as basically unexciting, and with few signs that business will rebound in the next quarter or two.
