Navy deal may create more financial problems for EDS
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Electronic Data Systems Corp. (EDS) could be facing more rough waters with its $8.8 billion U.S. Navy contract, as the IT services provider delayed release of its third-quarter results on Monday pending a review of the value of its assets used on the deal.
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The U.S. Air Force is rethinking its  plan to end purchases of Lockheed Martin Corp.'s LMT.N C-130J  Hercules cargo aircraft in the coming fiscal year, notably  because of higher-than-expected contract cancellation costs,  the service's chief of staff told senators on Thursday.
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A US firm is to be handed the project management contract for two Royal Navy aircraft carriers.
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Boeing would lose last year's deal to lease and sell aircraft refueling tankers to the Air Force, while a plan to close some bases would go forward under a nearly $450 billion defense bill moving toward approval in the House.
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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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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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An ongoing review of its Navy Marine Corps Intranet (NMCI) contract has forced embattled services provider Electronic Data Systems Corp. (EDS) to again postpone its financial report for its third fiscal quarter, the company said Wednesday. EDS also announced its audit committee is conducting an internal investigation on a separate matter.
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If plans by officials at the Navy and EDS work out, the Navy Marine Corps Intranet could soon become one of the largest systems using voice-over-IP technology in the world.
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A Navy program to build a new combat ship to patrol coastal waters will face another cost increase, government officials acknowledged yesterday, a hit to the service's attempt to keep expenses under control so it can afford a larger fleet.
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A Boeing subsidiary's legal woes bring to light one factor weighing on valuations for defense contractors.
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Even as contractors built patrol boats with buckling hulls and a large new cutter with structural flaws, a U.S. Coast Guard review gave their performance high marks last year, extended their deal for nearly four years and paid them a multimillion-dollar bonus, government investigators said.
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Troubled Navy contract spurs delay, and possible earnings hit.
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US strikes a deal, which could be costly, with 12 carriers after bacteria is found on 8 planes examined. By John Heilprin / Associated Press.
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Due to a systems error... A committee of MPs has said the government has received little of the compensation due from EDS for problems with tax credit IT.â¦
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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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Defence Secretary Des Browne details a Â£3.8bn contract for two new Royal Navy aircraft carriers.