Information Technology Services News

South Korean port company Busan Port Authority (BPA) said that it signed a contract with Samsung SDS to operate a logistics center in Rotterdam.BPA will begin a construction of the logistics center in September this year and complete and operate it in around June 2021.Samsung SDS, a subsidiary of Samsung group has been providing information technology services,  will provide comprehensive logistics services for small and medium-sized companies conducting business between Europe and South-Korea for 10 years from the opening of the logistics center.The signing ceremony was attended by Hong Won-pyo, CEO of Samsung SDS, as well as Joanne Doornewaard, Dutch Ambassador in South-Korea and officials from the Ministry of Oceans and Fisheries.

General Dynamics Information Technology, a business unit of General Dynamics (NYSE: GD), was awarded a contract to provide information technology services and security assistance support to the Naval Supply Systems Command Weapon Systems Support (NAVSUP WSS) and Navy International Programs Office. The 48-month contract value is $46.7 million. Under this contract, General Dynamics will provide the U.S. Navy with support for project, financial and logistical analysis and management; IT services; cooperative programs; and international training and educational programs. Work on the contract is being performed in Philadelphia, PA; Washington, D.C.; Pensacola, FL; and Dayton, OH.

The Port of San Diego appoints Robert "Bob" DeAngelis as Chief Financial Officer/Treasurer with immediate effect. DeAngelis will begin his new role immediately, overseeing Financial Services and Accounting as well as the Port's Business and Information Technology Services. He succeeds Jeff McEntee, who is retiring in May after 25 years of stellar service with the Port of San Diego, having held the CFO/Treasurer role since 2001. The Port conducted a nationwide search for this key position and considered a highly qualified pool of applicants before making this appointment.

CMA CGM, the world’s third largest container shipping group, reported revenue of U.S. $14.87 billion for the year ending December 31, 2011, a 4% increase on 2010. Volumes carried increased by 11%, outperforming the market’s 6.5% increase and reaching a record high of 10,016,000 teus. The market environment was challenging, shaped by overcapacity and the steep run-up in oil prices, with per-tonne bunker prices soaring 34% over the year. CMA CGM nevertheless enjoyed a satisfactory operating performance, thanks to its extremely efficient fleet, global network and sustained cost discipline. EBITDA stood at U.S. $711 million, down from 2010, a year in which the entire container shipping industry reported record profits. The Group ended the year with a consolidated net loss of U.S. $30 million.

Partnership links world’s third largest shipping company with world leading technology services company. After five years of working together through a joint subsidiary, CMA CGM Group and IBM today announced a new strategic partnership. Under the terms of the five-year agreement, IBM will provide industry-specific expertise in new technologies such as cloud computing and analytics, and support CMA CGM’s growth by delivering superior quality information technology services that will help CMA CGM  significantly reduce costs. The IT teams from the two companies will be merged into a new subsidiary, CMA Systems, which will have an equally represented governance structure and report directly to Jacques R. Saadé, Chairman and Chief Executive Officer of CMA CGM.

Radio Holland USA has been awarded a multi-year contract for supply of VSAT and airtime services for the Alaska Marine Highway System (AMHS). The fleet, a division of the Department of Transportation and Public Facilities, State of Alaska, is made up of 11 vessels; transporting people and vehicles to 34 locations along the Alaska coastline and along a 1000 mile stretch of the Aleutian Chain to the Bering Sea. The route goes through the Inside Passage and passes through islands with high mountains and steep fjords. Due to the extreme northern latitudes and the rugged terrain, typical off the shelf supplied equipment and airtime services would not meet the demanding requirements for the AMHS.

Military Sealift Command's small business program was formally recognized in a ceremony at the Pentagon where Under Secretary of the Navy Robert Work presented the Secretary's Award for the Department of the Navy's Outstanding Small Business Program in fiscal year 2007 to MSC Commander Rear Adm. Robert D. Reilly, Jr., and MSC Associate Director of Small Business Bradley D. Taylor. This is the first time MSC has received the award, which was created in 2002 to recognize a command's success in meeting its small business program targets and the implementation of its Small Business Improvement Plan. MSC awards approximately $400m of its $3b annual budget to small U.S. businesses.

Northrop Grumman Corporation Chairman and CEO Kent Kresa stated emphatically that, "TRW shareholders have sent a strong message to TRW's board of directors today in favor of allowing Northrop Grumman to begin due diligence in connection with its proposed acquisition of TRW. We are prepared to immediately enter discussions with TRW to resolve the outstanding differences concerning an agreement that allows Northrop Grumman to begin due diligence consideration of non-public information as soon as possible. "As we have previously stated, we are willing to pay full and fair value for TRW and encourage TRW to provide information supporting any additional hidden value.

In a move which effectively creates a defense and marine naval construction giant, Northrop Grumman Corp. and Litton Industries jointly announced late last month that they have signed a definitive agreement under which Northrop Grumman will acquire for cash all of the outstanding shares of Litton for $80 per common share and $35 per Series B Preferred share. The transaction is valued at approximately $5.1 billion, which includes the assumption of Litton's $1.3 billion in net debt. Litton is a leading supplier of advanced electronics and information systems to the U.S. government and international customers and is the premier designer and builder of non-nuclear surface combatant ships for U.S. and foreign navies.

Gryphon Technologies, LChas been awarded a $45m contract by the U.S. Navy to provide engineering and technical services for the Supervisor of Shipbuilding, (SUPSHIP) Gulf Coast (SSGC). Gryphon will provide SSGC with the design, engineering, systems integration, test and evaluation, technical, data management, logistics, and information technology services, in connection with the Navy's existing as well as the newest and most advanced ships to include the DDG 1000, LCS,and LPD-17 classes.

Computer Sciences Corp., Falls Church, Va., is being awarded a $20,595,223 cost-plus-fixed-fee contract for information technology services for the Naval Education and Training Command (NETC). This contract includes options that, if exercised, bring the total estimated value of the contract to $90,727,730. Work will be performed in Pensacola, Fla. (61 percent); Great Lakes, Ill. (11 percent); Norfolk, Va. (8 percent); Ingleside, Texas (1 percent); Meridian, Miss. (2 percent); Bremerton, Wash. (2 percent); Athens, Ga. (1 percent); Kings Bay, Ga. (1 percent); Groton, Conn. (2 percent); Newport, R.I. (3 percent); San Diego, Calif. (5 percent); Jacksonville, Fla.