Logicon to Toast Uncle Sam: Logicon Inc.'s directors will have plenty to brag about when the Torrance-based company’s stockholders hold their annual meeting in Los Angeles today. Logicon provides computer, engineering and technology services to the Pentagon and other federal agencies, and the firm’s performance has sizzled recently. In its fiscal year ended March 31, Logicon’s profit--excluding one-time items--rose 18% from a year earlier on an 8% gain in revenue, to $345 million, and the company has no debt. Its stock price has soared 80% this year. And last month Logicon won a five-year, $200-million contract to provide computer support to the Internal Revenue Service.
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Times Staff Reports