The L3/Interstate Electronics Corp. is being awarded a $39.187M cost-plus-incentive-fee, cost-plus-fixed-fee contract to provide flight test data acquisition, processing and analysis of the TRIDENT missile flight test missions for the United States and United Kingdom. This contract contains options, which if exercised, would bring the contract value to $49.437M. Work is expected to be completed September 30, 2010, September 2012 with options. :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
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