Tag: contracts

12
Oct
2020
Posted in software

Software heavyweight Aveva reveals drop in sales due to foreign exchange shifts and delayed contracts



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Industrial software giant Aveva Group has said it predicts foreign exchange headwinds and the slippage of contracts to cause first-half revenues to be significantly lower.

The Cambridge-based company believes revenues will end up at around £333million in the six months to the end of September against £391million in the same period last year.

Shares fell 5.3 per cent to £45.23 after it revealed results were affected by two medium-sized subscription deals that were expected in the second quarter now sliding into the third quarter and harmful foreign exchange headwinds. 



a close up of a sign: Aveva Group: 'Notwithstanding Covid-19 related disruption, there has been solid demand for AVEVA's software due to its ability to drive efficiency, flexibility and sustainability'


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Aveva Group: ‘Notwithstanding Covid-19 related disruption, there has been solid demand for AVEVA’s software due to its ability to drive efficiency, flexibility and sustainability’

But Aveva still said that it managed to perform ‘creditably’ and has not altered its outlook for the 2021 financial year. 

It wrote: ‘Notwithstanding Covid-19 related disruption, there has been solid demand for AVEVA’s software due to its ability to drive efficiency, flexibility and sustainability for customers across a wide range of industries.’

Orders and revenue growth for the remainder of the year are expected to be strong though thanks to contract slippage, as well as a higher level of renewed contracts, including large-scale global accounts.  

In a separate announcement, the FTSE 100 firm revealed it had completed the syndication of a £250million revolving credit facility concerning its planned purchase of OSIsoft with numerous banks such as HSBC and J.P. Morgan.



a screen shot of a video game: Aveva is anticipated to become the UK's largest software company after agreeing two months ago to buy California-based OSIsoft for £3.8billion


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Aveva is anticipated to become the UK’s largest software company after agreeing two months ago to buy California-based OSIsoft for £3.8billion

Another $900million loan that was due to be provided by the banks will instead come straight from Schneider Electric, which controls around 60 per cent

08
Oct
2020
Posted in technology

SpaceX, L3Harris win missile-warning satellite contracts from US military

The U.S. military has picked SpaceX and L3Harris Technologies to build up a new missile-warning satellite system in space.

In separate contracts, SpaceX and L3Harris will each provide four infrared satellites devoted to missile tracking as part of the larger National Defense Space Architecture program. The contract, awarded by the Department of Defense’s Space Development Agency (SDA), gives $193.5 million to L3Harris and $149 million to SpaceX. The satellites should be ready by the end of fiscal year 2022. 

“The satellites will be able to provide missile tracking data for hypersonic glide vehicles, and the next generation of advanced missile threats,” Derek Tournear, SDA director, said in a statement.

Related: What is a ballistic missile and how does it work?

SpaceX, originally a launch provider using its Falcon rockets, has entered the satellite construction market with its Starlink constellation of internet satellites. The company has launched more than 700 of the satellites in the last two years  and manufactures them at a facility in Seattle, Washington. L3Harris is an aerospace company with a history of military contracts for aircraft and missile defense. 

The new missile-tracking satellites will provide information to a separate set of 28 “transport satellites,” which will take offensive action based on what the missile trackers find. Construction for the 28 transport satellites will be awarded in a separate solicitation, SDA added.

“The transport satellites are the backbone of the National Defense Space Architecture,” Tournear said. “They take data from multiple tracking systems, fuse those, and are able to calculate a fire control solution, and then the transport satellites will be able to send those data down directly to a weapons platform via a tactical data link, or some other means.”

Taken together, the transport satellites and the missile-tracking satellites will be the first “tranche”

07
Oct
2020
Posted in technology

NIC Secures New Contracts in Florida and Iowa for Payment Processing and Digital Government Solutions

Digital government solutions firm NIC Inc. has won new multi-year contracts with the states of Florida and Iowa following competitive bid processes.

“We are excited by the confidence Florida and Iowa have placed in NIC solutions as we continue to expand our payment processing and digital government services across the country,” said Harry Herington, NIC CEO and Chairman of the Board. “These wins further reinforce the momentum NIC has experienced in 2020.”

In Florida, NIC has been awarded a contract to provide transaction-funded payment processing services for all state agencies. The five-year transaction-funded contract, which may be extended by up to five additional years, also provides the ability for cities and municipalities to work with NIC for payment processing services, promoting a comprehensive and seamless financial transaction experience for Florida citizens and businesses.

For its fiscal year ended June 2018, the state of Florida processed 74 million transactions for a total of $52 billion in payments across 19 state agencies and processed 21 million transactions for a total of more than $1 billion across more than 90 localities.

In Iowa, NIC will once again serve as the state’s enterprise digital government solutions partner after a 15-year partnership concluded in 2017. Under the new five-year transaction-funded contract, which includes five one-year renewal options, NIC’s Des Moines-based team will work with state leadership to consolidate digital services into a unified experience for all Iowans.

“We are very excited for our digital solutions partnership with NIC in Iowa, first starting with payment processing services,” said Annette Dunn, Iowa’s Chief Information Officer. “We have many large agencies across the state that can benefit not only from a strategic, streamlined approach to payment processing but also from the many digital solutions NIC provides. These solutions happen to align perfectly with Governor Reynolds’ vision for the

07
Oct
2020
Posted in technology

L3Harris, SpaceX win Space Development Agency contracts to build missile-warning satellites

SDA Director Derek Tournear said SpaceX “came in with an extremely credible proposal” that leverages the Starlink assembly line

WASHINGTON — The Space Development Agency awarded  $193.5 million to L3Harris and $149 million to SpaceX to build four satellites each to detect and track ballistic and hypersonic missiles.

The contracts announced Oct. 5 are for the first eight satellites for a potentially much larger constellation of sensor satellites the Space Development Agency is calling Tracking Layer Tranche 0. 

The awards mark the first time the U.S. military has announced an order of satellites from SpaceX, which opened a factory in Seattle several years ago to produce thousands of small satellites for its Starlink broadband megaconstellation. 

Both SpaceX and L3Harris are required to deliver their satellites by September 2022, Space Development Agency Director Derek Tournear told SpaceNews.

Each satellite will have a “wide field of view” overhead persistent infrared (OPIR) sensor capable of detecting and tracking advanced missile threats from low Earth orbit. The satellites will also be equipped with optical crosslinks to pass data to relay satellites. 

Tournear said the winners were selected based on technical merit and ability to deliver satellites quickly.

SpaceX’s missile-tracking satellite will be based on its Starlink bus with an OPIR sensor acquired from another supplier, Tournear said. He declined to name the payload provider and SpaceX has not disclosed subcontractors for the project.

L3Harris, according to Tournear, bid a complete satellite with the bus and payload produced in-house. 

The optical crosslinks in the Tracking Layer must be compatible with the optical links used in the Transport Layer satellites that Lockheed Martin and York Space Systems are building for the Space Development Agency under contracts awarded in August.

The Transport Layer is the backbone that moves data collected by the sensors to anywhere in the