LOCAL NEWS BRIEFS
SAIC Restates 2003 Results; More Headlines...
washingtonpost.com and The Washington Post
Friday, September 24, 2004; 7:00 AM
Eagan, McAllister Associates, a Lexington Park defense contractor, won a $195 million follow-on contract to provide systems engineering and support services to Space and Naval Warfare Systems Center Command, Systems Center Charleston. The contract is for one base year and four options years. EMA will provide support in software development, configuration management, testing, fleet introduction, product improvement, quality assurance, logistics and life-cycle management. Work will be performed primarily in Charleston, S.C. [Eagan, McAllister Associates]
DigitalNet, a Herndon network computing company, won a contract worth up to $25 million from the Department of Homeland Security's U.S. VISIT Program Office to provide fingerprint identification services at Western Identification Network in San Diego and the Biometrics Support Center in Washington. The contract term is one year with four option periods. [DigitalNet]
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Versar, a Springfield professional services firm, won a contract from Campbell Roofing and Construction to provide emergency-repairs management, health and safety and administrative support for the Federal Emergency Management Agency's reconstruction efforts in response to the recent Florida hurricanes. Terms were not disclosed. Versar has created an incident response center providing temporary roofing and other construction support for residential and commercial buildings in Florida. [Versar]
Northrop Grumman won a contract from the U.S. Air Force Electronic Systems Command to provide a national military command-and-control system to Slovakia. Terms were not disclosed. The command center will be located in Bratislava. Northrop Grumman's Mission Systems sector in Reston will integrate, install, test and deliver the system by February. The company also will provide on-site system support, continue training Slovakian soldiers to use the system for an additional six months and provide off-site support through May 2007. [Northrop Grumman]
Science Applications International, a San Diego company with offices in McLean, said accounting errors caused it to restate its financial results for 2003. In a September filing with federal regulators, the company said it overstated its income tax expenses by $13 million for the year. As a result, its restated net income for 2003 is $259 million, compared with the $246 million it originally reported. [Science Applications International]
TeleCommunication Systems, an Annapolis wireless communications company, completed its acquisition of Kivera, an Oakland, Calif., mobile applications provider. The acquisition was announced Sept. 13. Shares of TeleCommunication Systems closed up 4 cents at $3.40. [TeleCommunication Systems]
American Systems, a Chantilly systems engineering and network integration company, completed its acquisition of Digital Access. Terms were not disclosed. Digital Access is a Woodbridge company involved in the design, development, integration, fielding and support of intelligence and electronic warfare software, sensors and turnkey systems. [American Systems]
Inphonic, a Washington reseller of wireless phones, priced a proposed public offering at $15 to $17 a share, which would raise $90 million to $102 million. The company filed to sell 7 million shares to the public, 1 million of which would be sold by insiders. The offering would be co-managed by Deutsche Bank and J.P. Morgan Chase. The company did not disclose when its shares would begin trading. Inphonic had filed to go public once before, in late 2002, but did not go forward with that offering because of poor market conditions. [Inphonic]
BearingPoint, a McLean information technology company, was awarded an umbrella contract with the Department of Homeland Security that could be worth up to $229 million. BearingPoint led a team of companies that includes Hewlett-Packard, Booz Allen Hamilton and Deloitte Consulting to win the blanket purchase agreement. Under the deal, the department can issue task orders quickly for functions such as accounting, grants management and acquisition support. [BearingPoint]
Anteon International, a Fairfax government technology contractor, won a five-year, $28.9 million contract to design, operate and maintain the U.S. Joint Forces Command's Joint Advanced Training Technology Laboratory. Anteon will provide information technology and engineering support services in areas such as modeling and simulation, information technology security, database design, opposing forces technologies, knowledge management systems, joint command and control, and intelligence surveillance and reconnaissance systems. [Anteon International]
SRA International, a Fairfax government technology contractor, won a 42-month, $13.9 million contract from the Small Business Administration to provide IT support for its Disaster Credit Management System, a Web-enabled electronic loan application processing system used in assisting disaster victims. SRA will implement software changes, maintain software and hardware architecture, update system documentation and provide ongoing support. [SRA International]
MobiHealth, an Arlington company that provides mobile applications to the health care industry, agreed to merge with MDanywhere Technologies, a Baltimore information technology company also serving the health care industry. Terms of the deal were not revealed. MobiHealth will become a division of MDanywhere Technologies, and the combined entity will be led by MDanywhere's current management team. The companies said they hope to complete the transaction by Oct. 1. [MobiHealth] | [MDanywhere Technologies]
Visual Networks, a Rockville network management company, named Grant Thornton LLP its independent audit firm, replacing PricewaterhouseCoopers LLP, effective immediately. [Visual Networks]