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Technology Stocks : Spectrum Signal Processing (SSPI)

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From: Dexter Lives On	1/30/2007 7:51:55 PM
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IT Defense Firms Get $12.2B Deal Information Technology Defense Firms Including SAIC and Lockheed Get $12.2 Billion Deal Tuesday January 30, 7:33 pm ET WASHINGTON (AP) -- The Defense Information Systems Agency on Tuesday awarded a $12.2 billion contract to several government information technology services providers, including SAIC International Inc. and Lockheed Martin Corp. The 10-year contract will provide a range of information technology services for the federal, state and local levels. Winners of the contract included Arlington, Va.-based CACI International Inc.; San Diego-based SAIC International Inc.; Bethesda, Md.-based Lockheed Martin Corp.; and Plano, Texas-based Electronic Data Systems Corp. Each company will still be required to compete for specific task orders within the bundled contract. Incumbents El Segundo, Calif.-based Computer Science Corp.; Chicago-based Boeing Co. and Blue Bell, Pa.-based Unisys lost the contract. Stanford Group Co. equity research analyst Erik Olbeter predicted one or more of the losing companies would protest the contract, which could delay the start of the new contract by three to four months. Shares of CACI gained 11 cents to finish at $46.63 on the New York Stock Exchange, while share of SAIC gained 16 cents to close at $18.67. Lockheed shares gained 18 cents to finish at $96.24, while shares of EDS added 33 cents to close at $26.24. Computer Science Corp. shares added 8 cents to finish at $52.42. Boeing climbed 50 cents to end at $86, and Unisys shares fell 4 cents to end at $8.45. biz.yahoo.com Any chance some of this will trickle down to Spectrum Signal? Cheers! TM

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