* BearingPoint, a McLean consulting firm, said it was awarded a contract potentially worth $23.9 million to modernize Ireland's passport system. Under the contract, awarded by the Irish government's Department of Foreign Affairs, BearingPoint will design, install and test a system for the country's passport office. BearingPoint said the initiative, part of Ireland's e-government program, will make it possible for citizens to apply for passports through the Internet and will introduce a more secure passport booklet. The project is scheduled to be completed by August 2004.
* Integral Systems, a Lanham satellite-system maker, said it earned $850,000 (9 cents per share) in the three months ended Dec. 31, up 37.9 percent from the same period last year. The company's first-quarter revenue rose 90.3 percent, to $19.6 million. Shares of Integral rose 3 cents to close at $18.44.
* Martek Biosciences, a Columbia company that makes nutritional oils, said it signed a licensing deal with Laboratorios Ordesa. The agreement gives Ordesa nonexclusive rights to use Martek's products in infant formulas in Spain and Italy. Martek said the deal includes initial cash payments and ongoing royalties. Financial terms were not disclosed.
* Alphatech, an Arlington information technology firm, said Barry Kane was named its new chief operating officer and executive vice president. Kane was a sector president at Veridian IT Services, formerly known as Signal, of Fairfax.
* SenSyTech, a Newington, Va., company that sells electronics systems, said it signed a letter of intent to acquire all outstanding shares of Codem Systems, a Merrimack, N.H., hardware maker. Financial terms of the cash and stock deal were not disclosed.
* VSE, an Alexandria company that sells environmental and defense services, said it will no longer sell telecommunications services. The company began offering telecom products and services through its Telecommunications Technologies Division in June 2000. VSE said the unit, which targeted commercial clients and other organizations, generated $6 million in revenue during 2002, less than 5 percent of what was expected. The company said losses from its telecom unit will result in lower fourth-quarter income. VSE will stop marketing the unit's services immediately but will fulfill its existing contracts before shuttering the unit's operations.
* RWD Technologies, a Columbia technology services company, lost $3.6 million (23 cents per share) in the three months ended Dec. 31, down 7.7 percent from the year-earlier period. The firm's fourth-quarter revenue fell slightly, to $28 million from $28.1 million. RWD lost $22.4 million ($1.46) in fiscal 2002, compared with a loss of $9.7 million (64 cents) in 2001. The company had $117.5 million in revenue for the year, compared with $117.4 million in 2001. RWD said diminished corporate spending on information technology resulted in significant staff cuts and reduced research and development efforts. Shares of RWD closed at $1.27, up 2 cents.
* PEC Solutions, a Fairfax information technology firm, earned $6 million (20 cents per share) in the three months ended Dec. 30, up 87.5 percent from the same period a year earlier. The company's fourth-quarter revenue rose 54.3 percent, to $48.3 million. PEC earned $22.3 million (75 cents) and had $182.2 million in revenue during fiscal 2002, up from net income of $13.1 million (47 cents) and $109.2 million in revenue in 2001. Shares of PEC Solutions fell 20 cents to close at $28.80.
Compiled from reports by Washington Post staff writers, washingtonpost.com and Dow Jones News Service.