Search Results for: "L+3+Communications+Holdings"
Cyalume Technologies Holdings Announces Key Contract Renewal
Relevance Score: 3.691 2010-02-02 12:38:58
Cyalume Technologies Holdings, Inc. (OTCBB:CYLU) today announced that it was re-awarded the direct contract with the U.S. Military to supply chemiluminescent light products. The contract, last awarded to the Company in 2004, is an indefinite quantity fixed price contract that covers numerous products each classified by a National Stock Number (NSN). A key feature of these products is that they now all are phthalate free and covered by Cyalume’s intellectual property. The products under this contract have represented between $2.2 and $3.2 million in sales annually for the past three years.
L-3 Cooperates With Insight
Relevance Score: 3.642 2010-03-08 22:54:38
L-3 Communications Holdings Inc. reached an agreement to acquire Insight Technology Inc. Insight develops and produces mission critical night vision and electro-optical equipment including laser aiming and illumination devices, laser rangefinders, laser markers and designators, night vision goggles and monoculars, and thermal imaging systems. Headquartered in Londonderry, New Hampshire, Insight employs approximately 1,100 people. Insight’s products are used by the U.S. military, federal law enforcement agencies and other nations. L-3 Communications expects to complete the acquisition in the second quarter of 2010. The acquisition will expand and broaden L-3 Communications’ warrior systems capabilities. L-3 Communications’ strong balance sheet provides financial flexibility in matters of earnings accretive acquisitions, incremental dividend, and ongoing share repurchases. As of Jan 28, 2010, the company had a low debt-to-capitalization of 38.2% (Zacks industry average was 99.2%), total long-term debt was $4.1 billion along with cash holdings of $1 billion and unutilized credit facility close to $900 million. Headquartered in New York, L-3 Communications is a leading provider of Intelligence, Surveillance and Reconnaissance (ISR) systems and products; secure communications systems; aircraft modernization, training and government services; and is a merchant supplier of a broad array of high technology products. L-3 functions through four primary business segments: Electronic Systems; Government Services; Aircraft Modernization and Maintenance; and Command, Control, Communications and Intelligence, Surveillance, and Reconnaissance (C3ISR). L-3 Communications remains a key player within the defense segment and mainly competes with FLIR Systems Inc. (FLIR - Analyst Report), Herley Industries Inc. (HRLY - Snapshot Report), and Raytheon Company (RTN - Analyst Report). We believe it is one of the best-positioned pure defense plays by virtue of its non-platform focus, and broad diversification of programs. Our bullish outlook for L-3 Communications is supported by its strong performance mainly from the command, control, communications, intelligence, surveillance and reconnaissance (C3ISR) equipment, precision-guided weapons, unmanned aerial vehicles, and other electro-mechanical robotic capabilities, networked information technologies, special operations forces, and missile defense. However, these are partially offset by risks related to key projects execution, divestitures, higher pension funding, and declining Linguist and commercial businesses revenues.
L-3 Communications' team gets US Army deal
Relevance Score: 3.582 2009-03-19 02:24:18
A team led by defense contractor L-3 Communications Holdings Inc. has won a U.S. Army contract to provide simulation and training services for soldiers, the company said Tuesday. The deal could ultimately be worth up $17.5 billion. L-3's MRPI unit will oversee the company's team which includes Link Simulation and Training, Global Solutions and Engineering Services, Enterprise IT Solutions, C2S2, D.P. Associates, Coleman Aerospace and TCS units. The Army can order services from L-3's team for up to 10 years. In other news, L-3 Communications Holdings Inc. boosted the compensation package of its Chairman, President and Chief Executive Michael T. Strianese by 36 percent to about $12.4 million in 2008, according to a Monday regulatory filing. The total included $3.3 million in stock options, the value of which have since tumbled along with the company's share price. Strianese, who became the military contractor's chairman in October 2008, received compensation valued at about $9.2 million in 2007. For 2008, Strianese received an annual salary of $1.1 million, up from $1 million in 2007. The 53-year-old's bonus rose by 10 percent to 2.8 million, while he also received stock and option awards that were valued by the company at about $8.4 million on the day they were granted, up from $5.6 million in 2007. The option awards had a base price of $96.34 per share, but in the months since they were awarded in July, L-3's share prices has tumbled more than 30 percent. Strianese received a total of $96,021 in other compensation — which included $38,995 in company car related costs and $35,298 in restricted stock dividend payments — down slightly from a total of $97,579 the year before. The AP's total pay calculations include executives' salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. The calculations don't include changes in the present value of pension benefits, and they sometimes differ from the totals companies list in the summary compensation table of proxy statements filed with the Securities and Exchange Commission. For 2008, L-3 Communications' profit rose nearly 26 percent to $949 million, or $7.72 per share. On a continuing operations basis the company earned $929 million, or $7.56 per share. Revenue for the year rose nearly 7 percent to $14.9 billion. Shares of L-3 dropped 30 percent during 2008, falling from $105.94 at the beginning of the year to end it at $73.58. Shares of L-3 rose 62 cents to $61.91 in trading on Tuesday.
L-3 Communications' team gets US Army deal
Relevance Score: 3.582 2009-03-19 02:24:18
A team led by defense contractor L-3 Communications Holdings Inc. has won a U.S. Army contract to provide simulation and training services for soldiers, the company said Tuesday. The deal could ultimately be worth up $17.5 billion. L-3's MRPI unit will oversee the company's team which includes Link Simulation and Training, Global Solutions and Engineering Services, Enterprise IT Solutions, C2S2, D.P. Associates, Coleman Aerospace and TCS units. The Army can order services from L-3's team for up to 10 years. In other news, L-3 Communications Holdings Inc. boosted the compensation package of its Chairman, President and Chief Executive Michael T. Strianese by 36 percent to about $12.4 million in 2008, according to a Monday regulatory filing. The total included $3.3 million in stock options, the value of which have since tumbled along with the company's share price. Strianese, who became the military contractor's chairman in October 2008, received compensation valued at about $9.2 million in 2007. For 2008, Strianese received an annual salary of $1.1 million, up from $1 million in 2007. The 53-year-old's bonus rose by 10 percent to 2.8 million, while he also received stock and option awards that were valued by the company at about $8.4 million on the day they were granted, up from $5.6 million in 2007. The option awards had a base price of $96.34 per share, but in the months since they were awarded in July, L-3's share prices has tumbled more than 30 percent. Strianese received a total of $96,021 in other compensation — which included $38,995 in company car related costs and $35,298 in restricted stock dividend payments — down slightly from a total of $97,579 the year before. The AP's total pay calculations include executives' salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. The calculations don't include changes in the present value of pension benefits, and they sometimes differ from the totals companies list in the summary compensation table of proxy statements filed with the Securities and Exchange Commission. For 2008, L-3 Communications' profit rose nearly 26 percent to $949 million, or $7.72 per share. On a continuing operations basis the company earned $929 million, or $7.56 per share. Revenue for the year rose nearly 7 percent to $14.9 billion. Shares of L-3 dropped 30 percent during 2008, falling from $105.94 at the beginning of the year to end it at $73.58. Shares of L-3 rose 62 cents to $61.91 in trading on Tuesday.
Top 100 US Defense Contractors
Relevance Score: 2.972 2009-07-08 23:16:05
1. Lockheed Martin Corp. 2. Boeing Co. 3. Northrop Grumman Corp. 4. General Dynamics Corp. 5. Raytheon Co. 6. KBR Inc. 7. L-3 Communications Holdings 8. United Technologies Corp. 9. BAE Systems 10. SAIC 11. General Electric Co. 12. Computer Sciences Corp. 13. Humana Inc. 14. Health Net Inc. 15. Triwest Healthcare Alliance Co. 16. EDS 17. Public Warehousing Co. KSC 18. ITT Industries 19. Textron Inc. 20. Honeywell Inc. 21. URS Corp. 22. Harris Corp. 23. AmerisourceBergen Corp. 24. Bechtel Group Inc. 25. FedEx Corp. 26. Alliant Techsystems Inc. 27. Booz Allen Hamilton Inc. 28. BP PLC 29. DRS Technologies Inc. 30. Exxon Mobil Corp. 31. Kuwait National Petroleum Co. 32. The Alliance Contractor Team 33. Renco Corp. 34. MacAndrews & Forbes Holdings 35. Environmental Chemical Corp. 36. Oshkosh Truck Corp. 37. Royal Dutch Petroleum Co. 38. Stewart & Stevenson Services 39. Armor Holdings Inc. 40. General Motors Corp. 41. Grindex Pumps A B Sweden 42. Korea Agricultural Cooperative 43. CACI International Inc. 44. Johns Hopkins University 45. General Atomics Technology Corp. 46. Rockwell Collins 47. McKesson Corp. 48. Valero Energy Corp. 49. Aerospace Corp. 50. MITRE Corp. 51. Cardinal Health Inc. 52. Massachusetts Institute of Technology 53. Syracuse Research Corp. 54. Chugach Alaska Corp. 55. Dell Computer Corp. 56. Jacobs Engineering Group Inc. 57. ARINC Inc. 58. Phillips and Jordan Inc. 59. Refinery Associates Inc. 60. Rolls-Royce PLC 61. United Industrial Corp. 62. IAP Worldwide Services Inc. 63. Government of Canada 64. Hatakeyama Bussan 65. AP Moller-Maersk 66. ChevronTexaco Corp. 67. Battelle Memorial Institute 68. Shaw Group Inc. 69. Parsons Corp. 70. Thales Group 71. Abu Dhabi National Oil Co. 72. Bahrain National Oil Co. 73. Philip Morris Co. 74. Tetra Tech Inc. 75. Chenega Corp. 76. AshBritt Inc. 77. Hunt Building Corp. 78. Ceradyne Inc. 79. Ceres Environmental Services 80. SK Corp. 81. Veritas Capital Inc. 82. CH2M Hill Companies Ltd. 83. Aecom Technology Corp. 84. Washington Group International 85. Goodrich Corp. 86. Hensel Phelps Construction Co. 87. Procter & Gamble Co. 88. Tesoro Petroleum Corp. 89. UBS Provedores 90. Dogog Farm 91. Datapath Inc. 92. Mantech International Corp. 93. Afognak Native Corp. 94. VSE Corp. 95. Accenture 96. IBM Corp. 97. Arctic Slope Regional Corp. 98. Serco Group PLC 99. Kemyong Farm Ltd. 100. Charles Stark Draper Labs
Brave New Contracting World: The JLTV Competition
Relevance Score: 2.126 2009-07-05 13:45:31
When you think of army vehicle manufacturers, you generally don't think of traditional aerospace high-fliers such as Lockheed Martin and Northrop Grumman. But maybe you should get used to it, because both companies have entered prototypes into the US Army's competition for the Joint Light Tactical Vehicle (JLTV) programme. In fact, the JLTV programme has drawn five of the top six defence contractors as measured by global revenue in 2006. This is not surprising given that the JLTV mandate could be worth as much as $30bn over the coming decades, placing it in the same class as the largest US Air Force programmes, such as the joint strike fighter. "The JLTV mandate could be worth as much as $30bn over the coming decades.”Size usually counts for less than expertise in winning contracts, however, so the JLTV competition is not just between the elephants of the industry, generally defined as those firms with over $10bn in revenues: Lockheed, Boeing, Northrop, BAE and General Dynamics (Raytheon is the only top contractor not competing). For the most part, the usual suspects are teaming with specialist firms in either ground vehicles or armour. HANDICAPPING THE JLTV RACE Three of the teams represent traditional competitor archetypes: the niche specialist, the incumbent, and the non-US conglomerate. Both partners on each team have experience in combat vehicle design and production, but each team has potential limitations or vulnerabilities that induced its constituents to seek partnership. If the JLTV race has a dark horse, it would have to be Force Protection, the builder of the Cougar, Buffalo and Cheetah vehicles, and a charter contractor in the Mine Resistant Ambush Protected (MRAP) programme. On a huge army programme, however, size counts for something, so Force Protection recently announced that it would team up with DRS Technologies, which has niche specialties in the C3ISR space as well as automotive technology. This team is the only one that does not feature any of the top five defence integrator. If the JLTV were classified as the successor to the Humvee, then the incumbent in the race would have to be AM General, which developed the Humvee a generation ago. Given the persistence of the roadside bomb threat, however, incumbency may be a double-edged sword in this particular race. Perhaps sensing this potential vulnerability, AM General formed a joint venture called General Tactical Vehicles to compete for the mandate. The counterpart is none other than General Dynamics, which has a long history of combat vehicle programmes, most notably the M-1 Abrams tank. "Boeing is stepping outside its traditional expertise in competing for the JLTV mandate."A third stereotype in any race is the foreign entry, in this case the BAE-Navistar team. The only non-US company among the top defence contractors, BAE probably has the most extensive experience with combat vehicles of any integrator in the JLTV race, while Navistar's international military and government division is a traditional supplier of heavy trucks and engineering vehicles to the US Army, as well as the largest manufacturer of MRAP vehicles for the Pentagon. The other three teams contain the arriviste class of aerospace firms. As a group, these teams trade-off size against the more focused expertise of the traditionalist teams. THE 'ALL BUT THE KITCHEN SINK' TEAM: BOEING, TEXTRON, MILLENWORKS Although a household name, Boeing is stepping outside its traditional expertise in competing for the JLTV mandate. As the builder of the venerable CH-47 Chinook heavy-lift helicopter, Boeing has a longstanding relationship with the army, but its previous experience with ground systems has either involved C3I, as in the Grenadier logistics tracking system, or missiles, as in last decade's Avenger vehicle for Stinger SAMs. In October 2007, Boeing signed separate teaming agreements with Textron Systems and MillenWorks, which subsequently closed the loop with their own bilateral JLTV agreement in December. Textron is a defence conglomerate with particular experience in electronics systems. Privately owned MillenWorks, by far the smallest of the three firms, specialises in high-end automotive technology for both on and off-road applications. THE 'OPPOSITES ATTRACT' TEAM: NORTHROP GRUMMAN AND OSHKOSH TRUCK Dating from the pre-merger history of its parents, Northrop has traditionally been the most aero-centric of the major US defence contractors. Like the other major integrators, Northrop has IT and electronics divisions that have contracted with the army, but unlike Boeing or General Dynamics, NG has heretofore not built either an army weapon or vehicle. "The JLTV programme has drawn five of the top six defence contractors."Consequently, Northrop needed a teammate with strong army vehicle experience, which it found in Oshkosh Truck, a leader in heavy-duty, off-road trucks such as the HEMTT and the heavy equipment transporter. Although lacking in-house armour expertise, Oshkosh has significant armour experience from collaborating with armour specialists such as Ceradyne and Plasan. TEAM GOLIATH: LOCKHEED MARTIN As befits its history, Lockheed is strongest in aerospace, but has recently diversified via acquisition into IT (ACS and Orincon in 2003) and naval systems (Sippican Holdings in 2004). Although the firm has won army mandates for missiles (MLRS) and C3ISR (warfighter information network or WIN-T), the JLTV represents Lockheed's first foray into traditional ground platforms. As the largest military contractor by revenue in the world, Lockheed is probably the only company that could plausibly think about going it alone but even with its diversified experience and vast size, Lockheed is partnering with Armor Holdings for the JLTV. In a final irony, BAE bought Armor Holdings last year and rechristened it the Mobility and Protection Systems division. Therefore, BAE actually has two horses in the JLTV race, as its partnership with Navistar predated the Armor Holdings deal. So far, there has been little comment concerning potential conflicts of interest.
US watchdog backs BAE in military vehicle deal
Relevance Score: 1.965 2009-12-30 14:30:35
BAE Systems has welcomed a decision by the Government Accountability Office, the US watchdog, in favour of the UK-based arms manufacturer after it protested against the award of a lucrative contract to a US competitor. The $3bn (£2.7bn) defence contract for the production of FMTVs, or Family of Medium Tactical Vehicles, was awarded to Oshkosh by the US Department of Army in a surprise decision in August. BAE had held the previous contract but the department stripped BAE of it and opted for Oshkosh over both BAE and Navistar International. Navistar partners BAE in producing other military vehicles. From 1991, the contract had been with Armor Holdings, which was acquired by BAE in 2007 for $4.1bn. During these 16 to 17 years of production the company built more than 50,000 vehicles at its operations in Texas and Michigan. FMTVs are a series of vehicles that vary by payload and mission requirements but are based on a common chassis. They are used in Iraq and Afghanistan as trucks and trailers. The GAO ruled that the Army had overestimated Oshkosh's capability to deliver on contractual obligations. The GAO recommended in a statement that the US army "re-evaluate the offerors' proposals" and "make a new selection decision". BAE managed to gain the backing of two US congressmen who wrote to Pentagon acquisitions chief Ashton Carter to protest against the award to Oshkosh. The decision comes as BAE is embroiled in a similar fight in the UK as it battles with US competitor General Dynamics for a £4bn contract to produce FRES (Future Rapid Effect System) reconnaissance vehicles. The new vehicles are planned to replace the Scimitar scout vehicles currently in use in Afghanistan.
Defense Satellite Communications System
Relevance Score: 1.702 2009-12-16 19:04:37
The Defense Satellite Communications System provides military communications to soldiers in the field, as well as commanders over a wider bandwidth than Milstar's, but less protected. The workhorse of the U.S. Military's super-high frequency communications is DSCS, which provides military communications to troops in the field as well as commanders at multiple locations. DSCS III, the most recent configuration, provides uninterrupted secure voice and high data rate communications to DoD users, essential tools in monitoring events and deploying and sustaining forces anywhere in the world. DSCS was used throughout Operation Desert Storm and as the primary communications link for U.S. forces in Bosnia and Iraq. The DSCS and Milstar projects are managed by the MILSATCOM Joint Programs Office. General Characteristics * Name: Defense Satellite Communications System (DSCS) III * Design Life: 10 years * Launch Weight: 1980 pounds * On-orbit Weight: 2550 pounds * Size: 80 inches height / 75 inches width / 76 inches depth * Solar array span: 38.1 feet * Satellite structure: Ultra light-weight chemical milled aluminum and magnesium structure with more than 80 advanced composite components. Space Systems Company 12257 S. Wadsworth Blvd. Littleton, CO 80125-8500 (303) 977-3000 CONTACT Media and Press Inquiries: (408)742-7531 Business Development: (408)742-1331
US Air Force Creates New Cyberspace Officers
Relevance Score: 1.669 2010-05-20 21:55:09
The military in the US runs off information. Without information, the military can’t find targets and keep abreast of what the enemy is doing. With the huge importance of information and data it is no surprise that the military spends huge sums of money to protect and gather data and information. The US Air Force has taken about 3,000 officers and moved them from communications officers to a new title of cyberspace officers. The total airmen that have moved from communications to cyberspace is about 30,000 reports the AirForceTimes. The new cyberspace officers will continue to perform the same tasks they used to by supporting base computers and communications, but they will also be experts on how a computer or communication network can improve the war-fighting capabilities of the Air Force. The new cyberspace officers will attend courses at Keesler Air Force Base that lasts for 115 days whereas the old communications officer training was only 26 days.
Proactive Communications, Inc. (PCI) - Secure Satellite Communications and Remote Tactical Access Networks
Relevance Score: 1.654 2010-01-09 12:15:07
Proactive Communications (PCI) has a military heritage that makes the company uniquely qualified to assist with information communications technology (ICT) in support of the diverse and challenging missions being confronted by today’s military. PCI is an all-conditions satellite communications (SATCOM) provider with worldwide service-delivery capabilities, even in harsh environments such as warzones. The VSAT network PCI designed in Iraq to support US forces and the Iraqi Ministry of the Interior is the world’s largest secure SATCOM Voice over Internet Protocol (VoIP) installation in the world. Our all-conditions capabilities also make us well-suited for disaster recovery communications, as well as a broad range of enterprise IT solutions. Secure voice, video and data via satellite communications - anytime, anywhere PCI’s personnel understand the importance of a secure network for war-fighters, because they’ve been war-fighters themselves. The company is well-staffed and well-equipped for service in challenging environments that require rapid deployment and employees embedded onsite in the field. As a result, PCI has become a proven war-zone resource to US military commanders, particularly in Afghanistan and Iraq, where the company has supported US Army operations since 2004. As organizations begin to identify mission-critical communications needs, PCI’s engineers work directly with military personnel throughout the mission analysis process. PCI quickly analyzes the requirements, then designs and engineers an ICT solution for even the most complex and demanding problem.