– Computer Sciences Corp.
won an $86 million contract to provide mission support services for the Environmental Protection Agency’s Water Security division. The deal has one base year and four one-year options. As part of the agreement, El Segundo-based Computer Sciences will provide scientific, engineering, communications outreach, information technology and policy support services to the new security division, which was established to address water security issues in the wake of the September 11 terrorist attacks.
Computer Sciences also said it expects to increase the number of employees it has in India by at least 70 percent in its 2006 fiscal year. The company, which has about 3,800 workers in India, raised the number of Indian workers it has there by nearly 75 percent last year. Computer Sciences has four software development centers in Nodia, near New Delhi, and one in the southern city of Hyderabad.
– Teledyne Technologies Inc.
said its subsidiary, Teledyne Investment Inc., completed its acquisition of RD Instruments Inc. for approximately $37 million. Teledyne funded the acquisition of the San Diego-based manufacturer of acoustic Doppler instrumentation mainly from borrowings under its $280 million credit facility arranged with a syndicate of banks. RD Instruments will operate as Teledyne RD Instruments Inc.
On Friday, the L.A.-based electronic components provider said its Teledyne Isco Inc. unit completed the sale of its Swift products assets to Dionex Corp. Financial terms were not disclosed.
– The Los Angeles Department of Water and Power
plans to issue $1.8 billion in bonds in the next two months, the Bond Buyer newspaper reported. Proceedings from the bond sale will be used for the department’s capital spending program for the next two years. The agency plans to sell $1.2 billion in power revenue bonds in the second half of September and $600 million in water revenue bonds in October. The DWP decided to sell the bonds now to take advantage of low interest rates.
Mayor Antonio Villaraigosa must approve the issuance. His approval is expected to come in early September.
