Printer Friendly

BUSINESS NOTES LITTON WINS SHARE OF BIG CONTRACT.

WOODLAND HILLS - Litton Industries announced Tuesday that its TASC Inc. subsidiary was part of the team that was awarded a $284 million Distributed Mission Training - Operations and Integration contract from the U.S. Air Force.

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
COPYRIGHT 2000 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Date:Jul 26, 2000
Words:224
Previous Article:CHECK OUT NEWS AND TIPS FREEBIE LEAFLET.
Next Article:ECONOMY TO COOL IN 2001 LANDING TO BE SOFT, REPORT SAYS.
Topics:


Related Articles
TASC, a Northrop Grumman Company.
LITTON LANDS NAVY CONTRACT.
LITTON WINS SECRET CONTRACT.
LITTON LANDS COMPUTER CONTRACT SOFTWARE SYSTEM DEAL IS WORTH $100 MILLION.
LITTON LANDS $57 MILLION GOVERNMENT CONTRACT.
LITTON GETS WARNING SHOT; DEFENSE DEPARTMENT REPORT OPPOSES PURCHASE OF NEWPORT NEWS SHIPYARD.
LITTON SCORES NAVY DEAL WORTH UP TO $2.8 BILLION.
LITTON LOOKS TO GET DOD PACT WINDFALL.
LITTON LANDS DEAL FOR MARINE COPTERS.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters