BUSINESS NOTES LITTON WINS SHARE OF BIG CONTRACT.
The five-year contract calls on TASC along with TRW Inc. to establish the next generation of flight training system, said Litton spokesman Randy Belote.
Belote said the company will be designing the software that provides the modeling and simulation that the students will use to train. The contract was awarded by the Aeronautical Systems Center at Wright-Patterson Air Force Base in Ohio.
TRW Inc is the prime contractor, he said.
The potential value of the contract to Litton is approximately $38 million.
Litton's TASC subsidiary designs and manufacturers advanced information technology for government and industry. Litton has more than 4,000 employees and $5 billion in annual revenue.
- Daily News
Software maker gets capital boost
WESTLAKE VILLAGE - Configuration management software maker Troika Networks said Tuesday it has secured an additional $41 million in venture capital.
The company received the infusion from previous supporters Draper Fisher Jurvetson, Dynafund Ventures, New Enterprise Associates and Windward Ventures. In addition, Amerindo Investment Advisors, Intel Capital, Network Appliance were among new investors.
The company said it would use the money to ``help expand its marketing, sales, and support activities'' in a statement.
- Daily News