Stock Watch: Ariba Gets Boost From Litton Contract

Ariba, Inc. (Nasdaq: ARBA) gained 6 3/4 to 58 7/8 Thursday after the company said Litton Industries’ (NYSE: LIT) PRC, Inc. division would use its e-commerce software to manage its $380 million in annual purchases.

Litton PRC began using Ariba’s Buyer this month, and will step up its reliance on the product this summer.

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