AeroVironment Inc announced their Second Quarter results for 2009. As reported at MarketWatch.com the company had an excellent quarter. Revenue grew 22%, or $12.1 M, over 2008 with net earnings and income up over 70%. The company makes advanced Unmanned Aeriel Systems (UAS) and efficient energy systems. The company has strong demand for their UAS from a variety of military companies. There...
Government Industry Archive
December 2008
The US Food and Drug Administration (FDA) will purchase a system to screen imported food. NextGov.com is reporting that a system developed at New Mexico State University will be further developed and put into production by the FDA. There is no information as to whether the FDA will contract this development out or do it in-house. Most likely it will be done by a contractor. Last...
The National Aeronautics and Space Administration (NASA) awarded Lockheed Martin a contract to build two next generation weather data collection satellites. RTT News has Lockheed’s press release. The over $1 Billion contract is to build two Geostationary Operational Environmental Satellite R-Series (GEOS-R) for NASA and the National Atmospheric and Oceanographic Administration (NOAA)....
Earlier this Summer Congress passed a bill providing $25 B for the research into “green” automobiles. The New York Times reports that this has led to a rush of established and newly set up companies competing for the money. All three of the main US automakers have applied for loans from the Department of Energy managed “Advance Technology Vehicles Manufacturing Loan...
In the defense business the easiest way to get into new markets or business areas is to buy a company already doing that kind of work. This article at the Washington Business Journal describes the acquisition of EWA Services by ManTech. ManTech is already one of the leading IT and Test & Evaluation (T&E) support companies in the country. By buying EWA Services it allows the company...
Today Cubic Corporation was awarded two different contracts by two different governments to do two completely different things. The City of San Francisco gave the company a $18 M contract to upgrade the fare systems on the city’s buses and mass transit parking system. The US Army through the prime contractor for the Javelin anti-tank missile, Raytheon-Lockheed Martin Javelin Joint...
Isotec announced that it has been awarded a contract by the US Department of Energy. While the specifics of the contract were not released, Isotec makes integrated security systems for facilities and it can be assumed that this is to provide said systems to various DoE facilities across the country. Isotec is a subsidiary of World Am and the press release is reported at TradingMarkets.com. ...
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BNET Government provides daily industry trends and global news coverage with insights for managers and executives within the world wide business of government contracting. We analyze new and interesting contract awards, government policy changes, and the trends in procurements and spending. There will also be discussions of the sector with a focus on small and innovative companies and business lines. The world's governments spend billions each year on a variety of hardware and services and the site will discuss how the money is being allocated.