took some profits today...

sold CSCO +10% JPM +8% VMW +2.5% EBAY -3% STT-2%

portfolio
DO X JPM AKAM JEC MDR CTIC CLF

added JEC $44.72 and MDR $16.69

JEC (Jacobs Engineering Group)

Jacobs Engineering Group Inc., incorporated on January 8, 1987, is engaged in providing a range of technical, professional, and construction services to a number of industrial, commercial, and governmental clients globally. The Company provides four categories of services: project services, which include engineering, design, architectural, and similar services; process, scientific, and systems consulting services, which includes services performed in connection with a range of scientific testing, analysis, and consulting activities; construction services, which encompasses traditional field construction services, as well as modular construction activities, and includes direct-hire construction and construction management services, and operations and maintenance services, which includes services performed in connection with operating large, complex facilities on behalf of clients, as well as services involving process plant maintenance.
Project Services
The Company employs all of the engineering, design, architectural, and related disciplines necessary to design and engineer modern process plants (including projects for clients in the chemicals and polymers; pharmaceuticals and biotechnology; oil and gas; refining; food and consumer products; and basic resources industries); buildings (including facilities for clients in the health care; education; and criminal justice markets, as well as other buildings for clients in the private sector); infrastructure projects (including highways, roads, bridges, and other transportation systems; water and wastewater treatment plants; water resources facilities; and other similar plants and facilities); technology and manufacturing facilities (for clients in the aerospace; automotive; defense; semiconductor; and electronics industries); consumer products manufacturing facilities; pulp and paper plants; and other facilities. It also employs scientific, technical, and program management capabilities necessary to provide program integration, testing, and evaluation services for clients in the defense and aerospace industries; for the United States Department of Defense (DoD) in support of information systems for weapons acquisition centers; for the National Aeronautics and Space Administration (NASA) for aerospace, testing, and propulsion systems and facilities; and for various agencies of the United States federal government in support of environmental programs.
Process, Scientific and Systems Consulting
The Company provides a range of consulting services, including performing pricing studies, market analyses, and financial projections necessary in determining the feasibility of a project; performing gasoline reformulation modeling; analyzing and evaluating layout and mechanical designs for complex processing plants; analyzing automation and control systems; analyzing, designing, and executing biocontainment strategies; developing and performing process protocols with respect to the United States Food and Drug Administration-mandated qualification and validation requirements; providing consultation on proposed railway and airport expansion projects; and performing geological and metallurgical studies.
Also included in this service category are the revenues relating to professional and program management services required assisting clients (such as the United States federal government and its agencies) in a range of defense and aerospace related programs. Such services are more technical and scientific in nature than other project services and may involve such tasks as supporting the development and testing of conventional weapons systems; weapons modeling and simulations; computer systems development, maintenance, and support; evaluation and testing of mission-critical control systems; and other technical programs and tasks.
Construction
The Company provides field construction services to private and public sector clients in virtually all of the industry groups and markets to which it provides project services. In the area of environmental remediation and restoration, the Company provide environmental remedial construction services for a variety of public and private sector clients. It also provides its clients with modular construction technology. The modular construction technology is an advanced form of engineering and design, off-site fabrication and assembly, and field erection. The field construction activities are focussed on those construction projects for which it perform much of the related engineering and design work.
Operations and Maintenance (O&M)
O&M refers to all the tasks required to operate and maintain large, complex facilities on behalf of clients. The Company provides management and support services over all aspects of the operations of a facility, including managing subcontractors and other on-site personnel. Within the environmental area, O&M includes engineering and technical support services as well as program management services necessary to remediate contaminated sites. Within the aerospace and defense areas, O&M requires to provide the management and technical support services necessary to operate and maintain engine test facilities, weapons integration, and high-tech simulation and verification centers. O&M also includes process plant maintenance services, which involves all of the tasks required to keep a process plant (typically a refinery or chemical plant) in day-to-day operation.

MDR ( McDermott International Inc)

McDermott International, Inc. (MII), incorporated in 1959, is an engineering and construction company with specialty manufacturing and service capabilities. MII provides a variety of products and services to customers in the energy and power industries, including utilities and other power generators, and national oil companies, and the United States Government. MII is the parent company of the McDermott group of companies, including J. Ray McDermott, S.A. (JRMSA) and The Babcock & Wilcox Company (B&W). The Company operates in three business segments: Offshore Oil and Gas Construction, Government Operations and Power Generation Systems. On December 31, 2008, the Company’s Government Operations segment completed its acquisition of Nuclear Fuel Services, Inc., a provider of specialty nuclear fuels and related services.
Offshore Oil and Gas Construction
Offshore Oil and Gas Construction segment includes the business and operations of JRMSA, J. Ray McDermott Holdings, LLC and their respective subsidiaries. The Company through this segment supplies services primarily to offshore oil and gas field developments worldwide, including the front-end design and detailed engineering, fabrication and installation of offshore drilling and production facilities and installation of marine pipelines and subsea production systems. It also provides project management and procurement services. This segment operates in offshore oil and gas producing regions, including the United States, Mexico, Canada, the Middle East, India, the Caspian Sea and Asia Pacific.
MII operates a fleet of marine vessels used in offshore construction. The Company's principal fabrication facilities are located near Morgan City, Louisiana, in Indonesia on Batam Island, and in Dubai, United Arab Emirates. The Company also operates a portion of the Baku Deepwater Jacket Factory fabrication facility in Baku, Azerbaijan. MII fabricates a range of offshore structures, from conventional jacket-type fixed platforms to intermediate water and deepwater platform configurations employing Spar, compliant-tower and tension leg technologies, as well as floating, production, storage and off-loading (FPSO) technology. The Company’s Offshore Oil and Gas Construction segment's principal customers are businesses in the offshore oil, natural gas and hydrocarbon processing industries and other offshore construction companies.
MII competes with Allseas Marine Contractors S.A., Daewoo Engineering & Construction Co., Ltd., Global Industries Ltd., NPCC (Abu Dhabi), Heerema Group, Hyundai Heavy Industrial Co., Ltd., Kiewit Offshore Services, Ltd., Nippon Steel Corporation, Saipem S.p.A., Acergy S.A., Technip S.A. and Samsung Heavy Industries Co., Ltd.
Government Operations
Government Operations segment includes the business and operations of BWX Technologies, Inc., Babcock & Wilcox Nuclear Operations Group, Inc., Babcock & Wilcox Technical Services Group, Inc. and their respective subsidiaries. Through this segment, the Company supplies nuclear components, including the manufacture of United States Naval nuclear power systems for submarines and aircraft carriers, and provides various other services to the United States Government, including uranium processing, environmental site restoration services, and management and operating services for various United States Government-owned facilities, primarily within the nuclear weapons complex of the United States Department of Energy (DOE).
The principal areas of operation of this segment include providing precision manufactured nuclear components for the United States Government defense programs; managing and operating nuclear production facilities; managing and operating environmental management sites; managing spent nuclear fuel and transuranic waste for the DOE; providing critical skills and resources for DOE sites, and developing and deploying next-generation technology in support of United States Government programs. The Company's principal manufacturing facilities are located in Barberton, Ohio, Euclid, Ohio, Mount Vernon, Indiana, Lynchburg, Virginia and Erwin, Tennessee. In addition, it manufactures nuclear components, fuels and assemblies for government and commercial uses. It also provides uranium-based products used for medical isotopes and convert or downblend high-enriched uranium into low-enriched fuel for use in commercial reactors to generate electricity. The primary customer of its Government Operations segment is the United States Government, including its contractors.
The Company competes with Bechtel National Inc., URS Corporation, CH2M Hill, Inc., Fluor Corporation, Lockheed Martin Corporation, Jacobs Engineering Group, Inc. and EnergySolutions, Inc.
Power Generation Systems
Power Generation Systems includes the business and operations of Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), Babcock & Wilcox Nuclear Power Generation Group, Inc. (B&W NPG) and their respective subsidiaries. This segment supplies fossil-fired steam generating systems, replacement commercial nuclear steam generators, environmental equipment and components, and related services to customers around the world. It designs, engineers, manufactures and services large utility and industrial power generation systems, including boilers used to generate steam in electric power plants, pulp and paper making, chemical and process applications and other industrial uses. Its manufacturing facilities are located in Barberton, Ohio; Lynchburg, Virginia; West Point, Mississippi; Lancaster, Ohio; Copley, Ohio; Cambridge, Ontario, Canada; Esbjerg, Denmark; Melville, Saskatchewan, Canada, and Jingshan, Hubei, China. The Power Generation Systems segment’s major customers are utilities.

Rock on! Kidd out...