• BearingPoint, a McLean consulting firm, named Richard J. Roberts chief operating officer. Roberts served as head of the company's public services unit. The firm also said it will consolidate its communications and content unit with its consumer, industrial and technology unit. The company is reorganizing its operations after acknowledging lagging profit and high expenses.
• Broadwing, a Columbia provider of optical network communications services, lost $43.4 million (68 cents a share) on $219.9 million in revenue during its fourth quarter ended Dec. 31, compared with a loss of $55.4 million ($1.20) on $142.5 million in revenue during the comparable period a year earlier. For the year, the company lost $152.2 million ($2.86) on $672.3 million in revenue, compared with a loss of $260.5 million ($6) on $314.3 million in revenue in 2003. The per-share results reflect a reverse stock split in October.
• Avatech Solutions, an Owings Mills engineering technology company, had a profit of $9.5 million (0 cents) on $5.2 million in revenue during its second fiscal 2005 quarter ended Dec. 31, compared with a profit of $4.7 million (0 cents) on $5.2 million in revenue in the comparable period a year earlier.
• Online Resources, a Chantilly provider of Internet financial services, had a profit of $1.2 million (6 cents) on $11.4 million in revenue in its fourth quarter ended Dec. 31, compared with a profit of $425,000 (2 cents) on $9.7 million in revenue in the year-earlier quarter. For the year, the company had a profit of $5 million (25 cents) on $42.3 million in revenue, compared with $2.8 million (17 cents) on $38.4 million in revenue in 2003.
• Optelecom, a Germantown company that makes communications systems, agreed to acquire NKF Electronics of the Netherlands for $26 million, financed with senior and subordinated debt. NKF, a subsidiary of cable manufacturer Draka Holding, develops, manufactures and sells fiber-optic and IP/Ethernet-network technologies. The combined company will focus on developing products for video surveillance, traffic monitoring and business video systems.
• Lockheed Martin of Bethesda won a $108 million contract from the U.S. Army Aviation & Missile Command in Huntsville, Ala., to produce 1,014 Guided Multiple Launch Rocket System rockets. Delivery is expected in 2006 and 2007.
Compiled from reports by Washington Post staff writers.
