Symantec Corp. is strengthening its position in the government market with the planned purchase of three information security companies, announced by the company. The three acquisitions, which should be completed by mid-August, total approximately $355 million in cash.
Wholly owned subsidiary Perot Systems Government Services Inc., formerly ADI Technology Corp,.won a 10-year, $392 million contract from the Naval Sea Systems Command.
, The Boeing Co. is merging two of its business units to better integrate its solutions for Defense Department contracts, the Chicago-based company announced July 10.
Long known for its aerospace capabilities, the Boeing Co. has quietly emerged as a leading systems integrator in the Army's effort to transform its soldiers into 21st century warfighters.
WorldCom Inc.'s legal and financial woes are rippling through the government marketplace, sparking a review of the company's federal contracts and raising concerns about its ability to continue providing services.
The House Appropriations Committee approved July 9 legislation barring U.S. companies that re-incorporate offshore from being awarded federal contracts. The measure passed 41-17, with several Republicans joining 29 Democrats on the committee to vote in favor of the language, which was incorporated into an appropriations measure for the Treasury Department and other federal agencies.
Northrop Grumman Corp. announced it has been chosen by the Naval Sea Systems Command to provide program management and technical support to the Navy's primary surface-to-air missile and launcher program.
Veridian Corp. won a contract for scientific, technical, administrative, research, development, test and evaluation services, or STARS, from the Naval Air Systems Command.
Northrop Grumman Corp. and TRW Inc. finally concluded their months-long face-off with an agreement to merge, the two companies announced July 1. "Today's acquisition adds the last critical node of space to our robust and well-diversified defense platform and systems capabilities that operate on the ground, at sea and in the air," said Kent Kresa, chairman and chief executive of Northrop Grumman.
Alan Balutis, the executive director of the Industry Advisory Council, is coming under fire from some members of the influential industry group because he also provides paid consulting services to some IAC companies. Critics say this creates conflict of interest.The issue has been simmering since at least November when the IAC board tried to resolve concerns about Balutis' outside consulting work. Several members said this controversy will be among the first issues addressed after the newly elected board takes office July 1.
The Bureau of the Public Debt is seeking information about commercial enterprise customer relationship management software to establish a process by which contacts, accounts and sales opportunities of Treasury securities can be managed.
KPMG Consulting Inc. announced it has signed a definitive agreement to hire approximately 140 partners and 1,400 professionals and staff members from the U.S. business consulting operation of Arthur Andersen LLP. KPMG Consulting, based in McLean, Va., said it will pay approximately $63 million to complete the transaction.
The Boeing Co. announced June 24 that the Army's Communications-Electronics Command has selected its team as the system engineering contractor to develop the Joint Tactical Radio System, a new communications system to serve as the foundation for all future Defense Department tactical radios. The value of the contract plus options could exceed $2 billion for the initial system development and demonstration and low-rate initial production phases of the program, referred to as Cluster 1 and scheduled to last up to six years.
