Navy deal may pose more financial problems for EDS
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The Electronic Data Systems contract to manage the U.S. Navy/Marine Corps Intranet has been plagued by problems and earlier this year prompted an inquiry from the SEC.
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Electronic Data Systems Corp.  EDS.N on Thursday said the bankruptcy of US Airways Group  Inc. UAIRQ.OQ could sharply reduce its third-quarter earnings  because of a long-term information technology contract between  the companies.
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A few lines in Kellen Winslow Jr.'s contract with the Cleveland Browns could be as costly as the broken leg doctors found on his X-rays.
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By Susan E. White, The Virginian-Pilot, Norfolk, Va.  Feb. 6--VIRGINIA BEACH -- A tentative $38 million deal to settle 2,098 jet-noise lawsuits with the federal government is in jeopardy.   Plaintiffs' attorneys said Monday that the government recently demanded a change in the deal.
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Nextel Communications Inc. said Monday that it received a contract worth up to $100 million to provide the Navy with cell phone service.
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The Pentagon plans to retire one of  the U.S. Navy's 12 aircraft carriers and buy fewer amphibious  landing ships for the Marine Corps as part of $60 billion in  proposed cuts over the next six years, The New York Times  reported on Thursday, citing Congressional and military  officials.
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Electronic Data Systems Corp. , the  world's second-largest technology services provider, on Monday  said it has postponed its earnings announcement until Nov. 3 to  evaluate a possible assets impairment of its problematic Navy  contract.
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The federally mandated national system is estimated to cost $200 million, but some mariners have already set one up from Maine to New York - for $50,000.
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The threatened buyout of student lender Sallie Mae may still go ahead -- but the $25 billion price tag could be negotiated down.
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LOS ANGELES (CBS.MW) - The US Securities and Exchange Commission is probing transactions between Delphi Corp and EDS, which supplies the automotive parts and components giant with technology services, Delphi said late Wednesday.
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The nation&#39;s largest defense contractor will take a $110 million charge against its fourth quarter earnings after losing a court bid to salvage at least some of the money it pumped
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The stage could be set for budget shifts that will hurt some defense contractors and help others.
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A large Lockheed Martin   contract to build a fleet of helicopters for the president  could be in trouble, the Wall Street Journal said on Friday,  citing people familiar with the situation.
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MIAMI - Electronic Data Systems Corp. (EDS) offered voluntary early retirement options to about 9,200, or 17 percent, of its U.S. employees, as part of its ongoing efforts to reduce costs, the company said Tuesday.
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A combination of National, Alamo, Thrifty and Dollar in a deal valued at more than $3 billion is being discussed.
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Troubled Navy contract spurs delay, and possible earnings hit.
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Securities regulators are planning sanctions against a company that sold high-fee mutual funds to military officers, sources familiar with the situation said Friday. Some big fund companies said they may reconsider the "contractual plan" funds.