BUSINESS NOTES LITTON WINS SHARE OF BIG CONTRACT.
WOODLAND HILLS - Litton Industries Named after inventor Charles Litton Sr., Litton Industries was a large defense contractor in the United States, bought by the Northrop Grumman Corporation in 2001. announced Tuesday that its TASC TASC The After School Corporation
TASC The American Surrogacy Center
TASC Treatment Accountability for Safer Communities
TASC The Analytic Sciences Corporation
TASC Transportation Administrative Service Center
TASC Total Administrative Services Corporation 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 TRW The Real World (TV reality show)
TRW The Right Way
TRW Tactical Reconnaissance Wing
TRW The Retriever Weekly (University of Maryland, Baltimore, MD)
TRW Thompson Ramo Wooldridge Inc 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 aer·o·nau·tic also aer·o·nau·ti·cal
Of or relating to aeronautics.
aero·nau Systems Center at Wright-Patterson Air Force Base Wright-Patterson Air Force Base, U.S. military installation, 8,023 acres (3,247 hectares), W Ohio, NE of Dayton; est. 1917. One of the largest airport installations in the world, it is the air force's main research and development base, and the headquarters of the 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 Draper Fisher Jurvetson (DFJ) is a venture capital firm based in Menlo Park, California with affiliate offices in more than 30 cities around the world and over $4.5 billion in capital commitments. , 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