L-3 Comm awarded $76.6M contract by University of Washington
L-3 Communications announced that its MariPro division has been awarded a $76.6M contract by the University of Washington. The company will design, build and install the Regional Scale Nodes component of the National Science Foundation's Ocean Observatories Initiative. The cabled ocean observing system will be located on the Juan de Fuca Plate off the Washington and Oregon coasts. :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