Parvus Receives $3.2M follow-on order for L-3 Rover chassis/power supplies
Eurotech subsidiary Parvus Corp. announces a follow-on contract with L-3 Communications for approximately $3.2M to supply additional rugged electronics subsystems for the L-3 ROVER data link system. Deliveries are expected during Q1 2010. The ROVER is widely used by US and NATO forces to view real-time video from unmanned and manned aircraft for battlefield situational awareness. :theflyonthewall.com
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Government contractors cut costs last quarter, Washington Post reports
Government contractors such as Northrop Grumman (NOC) and Booz Allen Hamilton (BAH) cut expenses during Q4 in order to keep their profits high, according to The Washington Post. Some analysts, however, question, whether the cost-cutting can continue over the long-term, the newspaper added. Reference Link :theflyonthewall.com