But elsewhere, EDS continues to face serious challenges. The Dallas Morning News reported that the Plano, Texas-based "company had to explain why a software glitch caused two of its airline clients to ground flights for a few hours [last weekend]. EDS was still looking into the matter Monday, saying it was caused inadvertently by 'user error' but not blaming the airlines. And EDS had to suffer the indignity Monday of watching former client Dow Chemical Co. award a seven-year deal, reportedly worth $1.4 billion, to rival International Business Machines Corp."
Remember the Titan
No. 9 Titan Corp. continues to try to recover from an ongoing bribery scandal that derailed its deal to be acquired by Lockheed Martin. The San Diego-based company this week reported higher revenue, but it also "reported a second quarter loss of $66.6 million, or about 79 cents per share, compared with a net income of $5.9 million -- or 7 cents per share -- for the same period last year," the San Diego Union-Tribune reported.
|____Gov't IT Review____ This weekly feature surveys top government IT-related news -- involving all levels of government, from the federal to state and local, and international news. It is designed to give readers a primer on current trends and developments affecting the industry's major and interesting players, surveying news headlines from around the world. Washingtonpost.com's Cynthia L. Webb pens the feature. |
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Titan is putting on a game face. "We have taken very focused steps to position the company for a strong future," said Gene Ray, chairman, president and chief executive in a statement picked up by Reuters. "Our guidance for 2005 indicates our expectation that next year will bring strong revenue growth, margin expansion, and enhanced profitability."
The company "forecasts that profit from continuing operations will be between $2 million and $11 million this year and between $83 million and $91 million in 2005," The Washington Post reported.
The Rest of the Top 10
Raytheon, No. 7 on the list of top contractors, reported a loss for its most-recent quarter. But one-time legal costs were the driving factor, according to the Waltham, Mass.-based company. Raytheon cited "a $222 million charge to settle a lawsuit by shareholders who alleged the company misled them about the defense contractor's financial condition," the Associated Press said.
No. 6 General Dynamics said it recorded strong earnings and sales earlier last month and got a victory this week with a $19 million contract to revamp data networks for the Navy, the Associated Press reported.
El Segundo, Calif.-based Computer Sciences Corp., the No. 3 government contractor, will release its first-quarter earnings for fiscal year 2005 on Aug. 10.
And in case you're wondering, No. 4 Science Applications International Corp. and No. 10 Booz Allen Hamilton are private firms.
News Flash: Florida Election Records Found
An update to the top item in last week's Government IT Review: Elections officials in Miami-Dade County, Fla., announced Friday that they have located missing voting records for the state's 2002 primary election, The Miami Herald reported. That election was the first time new, high-tech electronic voting machines were used in the county, highlighting concerns raised by e-voting critics that the new machines are not secure.
Finding the records isn't enough to quiet the critics. The Miami Herald reported yesterday that activists are still pushing for e-voting reform in the county. "Fortified by Miami-Dade Commission Chairwoman Barbara Carey-Shuler's call for voting reform, political activists gathered at County Hall Wednesday to urge voter turnout and demand proper oversight during upcoming elections." According to an article in Tuesday's Herald Carey-Shuler "sent a strongly-worded memo to County Manager George Burgess this week, calling the county's election department 'the laughingstock of the nation,'' and telling him to address the problems by Aug. 16 -- two weeks before the primary election." The paper has a link to the memo (in PDF).
Preserving America's History -- The Digital Way
Lockheed Martin is one of two companies awarded $10 million to compete to create a permanent electronic archive system for the National Archives and Records Administration. Lockheed is competing against Harris Corp., a 10,000-person firm based in Melbourne, Fla. NARA said it "will select one of these two contractors to build the Electronic Records Archives, a revolutionary system that will capture electronic information, regardless of its format, save it permanently, and make it accessible on whatever hardware or software is currently in use. Over the life of the contract, it is potentially worth hundreds of millions of dollars with countless positive implications for individuals, private businesses, and government organizations alike."
The Baltimore Sun provided more background: "The National Archives ... is losing data every day as new technology replaces the old. So, with the goal of finding the holy grail of records permanency, the agency awarded $20 million yesterday to a pair of companies in a competition that seems impossible: designing an everlasting technology to house the nation's history. 'No one can today guarantee to our military forces that these electronic records can be preserved,' said Kenneth Thibodeau, director of the project ... The new system -- whatever it might be -- will make that promise, he said."
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