Lockheed loses court case, must pay $66 million

Article Abstract:

Lockheed Martin Corp. lost a court suit and must repay $66 million to the government, including $54 million in progress payments that must be returned and $12 million in other costs. Lockheed Martin who is disappointed by the courtEs decision feels that this would force it to record a $110 million charge against earnings, which is equivalent to about 25 cents a share.

---

Raytheon ends lawsuit versus Lockheed Martin over Intel system

Article Abstract:

Raytheon Co. put an end to litigation with Lockheed Martin Corp., a subcontractor to Raytheon on the multi-year advanced intelligence processing system project, thereby clearing away a potential obstacle for the perusal of the project. Raytheon had initiated the lawsuit in order to protect proprietary information related to the project.

ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Electronics industry, Raytheon Co.

---

Defense Intel Agencies may lose turf to new leader

Article Abstract:

The way the Pentagon conducts its intelligence business will change, if Congress adopts the 9/11 Commissions' recommendations. The establishment of a National Intelligence Director (NID), a top commission recommendation, would serve to bring about a complete transformation of the way the intelligence community conducts business.

Government regulation (cont), Government regulation, Management dynamics, Management, Laws, regulations and rules, Intelligence service, Company business management, United States. National Commission on Terrorist Attacks Upon the United States

Similar abstracts:

• Abstracts: Lockheed takes on army portal; system to expand to C2, Intel functions. LUH bid: Sikorsky's chance to showcase support side
• Abstracts: Hunter raps Raptor purchase pattern. Sense of urgency drives CSAR-X: Officials. F-15E keeps flying through time, uncertainties
• Abstracts: Wheeler's Southern Pecan Delicacies Gourmet Pecans. Tree of Life Natural Sliced Almonds. MaraNatha Nut Butters
• Abstracts: J-UCAS unmanned craft passes line-of-sight test. Firm's software twist impresses intelligence agencies in search
• Abstracts: Study: Oil independence could improve warfighting. Brigades filling up, army looks for new uses for Strykers

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.