Raytheon-Boeing Team Completes First Joint Air-to-Ground Missile Captive Flight Test — Press Release
Filed under: Boeing, Business Line, Companies, Events, Press Releases, Raytheon, development program
Raytheon-Boeing Team Completes First Joint Air-to-Ground Missile Captive Flight Test
TUCSON, Ariz., Jan. 29, 2010 /PRNewswire/ — Raytheon Company (NYSE:RTN) and The Boeing Company (NYSE:BA) completed a series of captive flight tests for the Joint Air-to-Ground Missile competition. The tests prove the system is ready for guided test shots.
“The Raytheon-Boeing JAGM is a mature, capable system. We have proved the technical readiness of this superior warfighting solution,” said Bob Francois, vice president of Raytheon Missile Systems’ Advanced Missiles and Unmanned Systems product line. “JAGM meets the warfighter’s needs and is affordable across the acquisition spectrum including development, operations and support costs.”
JAGM will replace three legacy missiles currently in the U.S. Army, Navy and Marine Corps inventory. The Raytheon-Boeing team’s JAGM features a Boeing body, a Boeing warhead and a Raytheon tri-mode seeker. The tri-mode seeker leverages technology used on the Raytheon GBU-53/B Small Diameter Bomb II and improved Precision Attack Missile. The tri-mode seeker enables JAGM to attack a variety of fixed and moving targets regardless of weather conditions.
“Boeing is renowned for its proficiency in integrating weapons on platforms like the Super Hornet and AH-64D Apache Longbow,” said Carl Avila, Boeing’s director of Advanced Weapons and Missile Systems. “When combined with Raytheon’s expertise in developing seekers for guided weapons, our JAGM solution is the low-risk solution for operations on rotary- and fixed-wing aircraft and operations at very cold temperatures.”
Raytheon Company (NYSE:RTN) , with 2009 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 88 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 75,000 people worldwide.
A unit of The Boeing Company, Boeing Integrated Defense Systems is one of the world’s largest space and defense businesses specializing Integrated Defense Systems is one of the world’s largest space and defense businesses specializing in innovative and capabilities-driven customer solutions, and the world’s largest and most versatile manufacturer of military aircraft. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $32 billion business with 70,000 employees worldwide.
Contact:
Raytheon Missile Systems Boeing Advanced Systems
Mike Nachshen Chris Haddox
520.794.4088 – office 314.234.6447 office
520.269.5697 – mobile 314.707.8891 mobile
Michael_nachshen@raytheon.com chris.d.haddox@boeing.com
Raytheon-Boeing Team Completes First Joint Air-to-Ground Missile Captive Flight Test
Filed under: Boeing, Raytheon, Syndicated Industry News
January 29, 2010
TUCSON, Ariz., -- Raytheon Company (NYSE: RTN) and The Boeing Company (NYSE: BA) completed a series of captive flight tests for the Joint Air-to-Ground Missile competition. The tests prove the system is ready for guided test shots.
"The Raytheon-Boeing JAGM is a mature, capable system. We have proved the technical readiness of this superior warfighting solution," said Bob Francois, vice president of Raytheon Missile Systems' Advanced Missiles and Unmanned Systems product line. "JAGM meets the warfighter's needs and is affordable across the acquisition spectrum including development, operations and support costs."
JAGM will replace three legacy missiles currently in the U.S. Army, Navy and Marine Corps inventory. The Raytheon-Boeing team's JAGM features a Boeing body, a Boeing warhead and a Raytheon tri-mode seeker. The tri-mode seeker leverages technology used on the Raytheon GBU-53/B Small Diameter Bomb II and improved Precision Attack Missile. The tri-mode seeker enables JAGM to attack a variety of fixed and moving targets regardless of weather conditions.
"Boeing is renowned for its proficiency in integrating weapons on platforms like the Super Hornet and AH-64D Apache Longbow," said Carl Avila, Boeing's director of Advanced Weapons and Missile Systems. "When combined with Raytheon's expertise in developing seekers for guided weapons, our JAGM solution is the low-risk solution for operations on rotary- and fixed-wing aircraft and operations at very cold temperatures."
Technorati Tags:
Boeing (NYSE:BA), Missiles, Raytheon (NYSE:RTN), JAGM
General Dynamics Awarded $24 Million to Plan Maintenance Work on USS New Hampshire
General Dynamics Awarded $24 Million to Plan Maintenance Work on USS New HampshireJanuary 29, 2010 10:32:59 AM
GROTON, Conn., Jan 29, 2010 -- General Dynamics Electric Boat has been awarded a $23.7 million contract modification by the U.S. Navy to prepare for the post-shakedown availability (PSA) on the nuclear submarine New Hampshire (SSN-778). Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
The PSA, which will comprise maintenance, repairs, alterations and testing, will be performed in Groton and is expected to begin in February. Up to 800 employees will be engaged in the work, which is scheduled for completion in September 2010.
New Hampshire, the fifth ship of the Virginia Class, was delivered to the Navy in August 2008. Electric Boat and its construction teammate, Northrop Grumman Shipbuilding, have received contracts to produce a total of 18 Virginia-class submarines. Thirty ships are planned altogether.
Technorati Tags:
Contract $20m, Electric Boat, General Dynamics (NYSE:GD), US Navy (USN), USS New Hampshire (SSN 778), Virginia Class SSN
Northrop Grumman Redelivers USS George H.W. Bush Following Successful Modernization and Maintenance Work
Northrop Grumman Redelivers USS George H.W. Bush Following Successful Modernization and Maintenance WorkJanuary 29, 2010
NEWPORT NEWS, Va. – Jan. 29, 2010 – Northrop Grumman Corporation (NYSE:NOC) returned the nation's newest nuclear-powered aircraft carrier, USS George H.W. Bush (CVN 77), to the U.S. Navy following the completion of modernization and maintenance work accomplished during the ship's post shakedown availability and selected restricted availability (PSA/SRA).
The company's Shipbuilding sector in Newport News, Va., was the prime contractor for the work. A PSA/SRA is a typical availability in
the early life of a carrier that allows the Navy and Northrop Grumman team to resolve any items that came up during trials and delivery and make fleet modernization upgrades.
Work performed during the PSA/SRA included compartment reconfigurations, combat system and radar equipment upgrades, and minor repairs.
"Bush is a testament to the teamwork between the Navy and Newport News," said Mike Shawcross, vice president for Northrop Grumman
Shipbuilding's aircraft carrier construction programs. "We worked closely with one another during this availability to return the ship
with high quality and within budget. This is a proud and historic moment for our shipbuilders as our 10th and final Nimitz-class carrier joins the Navy's fleet, where she will serve for the next 50 years."
Named after America's 41st president, USS George H. W. Bush is the 10th and final Nimitz-class aircraft carrier. Its keel was laid
Sept. 6, 2003; it was christened Oct. 7, 2006; commissioned Jan. 10, 2009; and delivered May 11, 2009. At 1,092 feet in length, USS George
H. W. Bush is nearly as long as the Empire State Building is tall. It weighs 97,000 tons, is powered with two nuclear reactors, and operates for more than 20 years without refueling.
Technorati Tags:
Aircraft Carrier (CVN), US Navy (USN), Nimitz Class CVN
Ball Aerospace Begins Integration of VIIRS for NPOESS Preparatory Satellite — Press Release
Filed under: Business Line, Companies, Events, Press Releases
Ball Aerospace Begins Integration of VIIRS for NPOESS Preparatory Satellite
BOULDER, Colo., Jan. 29 /PRNewswire-FirstCall/ — Ball Aerospace & Technologies Corp. has begun integration of the Visible Infrared Imager Radiometer Suite (VIIRS) for the National Polar-orbiting Operational Environmental Satellite System (NPOESS) Preparatory Project (NPP).
NPOESS, a joint program between NASA and the Integrated Program Office, is the nation’s next generation low-Earth orbiting operational weather and climate monitoring system. The VIIRS sensor is the fourth of five weather instruments to be integrated onto the Ball Aerospace-designed and built NPP spacecraft bus. Instruments already integrated include the Ball-built Ozone Mapping and Profiler Suite; the Advanced Technology Microwave Sounder; and the Cloud and the Earth’s Radiant Energy System. The fifth instrument, the Cross-track Infrared Sounder (CrIS) is scheduled to arrive at Ball Aerospace for integration later this year.
“Northrop Grumman and the IPO, and our customer, Goddard Space Flight Center, have worked long and hard to get to this point,” said Cary Ludtke, vice president and general manager for Ball’s Civil and Operational Space business unit. “Ball Aerospace looks forward to the critical integration of VIIRS, and CrIS later this year, then qualifying the entire observatory for launch. The anticipated delivery and integration of the final NPP flight instruments at Ball will result in several major program milestones by the end of 2010.”
VIIRS will collect visible and infrared imagery and radiometric data about the atmosphere, clouds, earth’s radiation, land/water surfaces, sea surface temperature, ocean color and other types of environmental data. Ball expects to complete integration of the VIIRS instrument by mid-February.
NASA and the NPOESS IPO have developed NPP as the mission precursor to the NPOESS mission, and to provide data continuity between the Earth Observing System Terra and Aqua missions. NPP will also provide risk reduction for the NPOESS program through early flight validation of critical NPOESS sensors.
Under contract to NASA’s Goddard Space Flight Center, Ball Aerospace employed a modified Ball Commercial Platform 2000 to accommodate NPP’s five instruments.
Ball Aerospace & Technologies Corp. supports critical missions of important national agencies such as the Department of Defense, NASA, NOAA and other U.S. government and commercial entities. The company develops and manufactures spacecraft, advanced instruments and sensors, components, data exploitation systems and RF solutions for strategic, tactical and scientific applications. For more information visit www.ballaerospace.com.
Ball Corporation (NYSE:BLL) is a supplier of high-quality metal and plastic packaging for beverage, food and household products customers, and of aerospace and other technologies and services, primarily for the U.S. government. Ball Corporation and its subsidiaries employ more than 14,500 people worldwide and reported 2009 sales of approximately $7.3 billion.
Forward-Looking Statements
This release contains “forward-looking” statements concerning future events and financial performance. Words such as “expects,” “anticipates,” “estimates” and similar expressions are intended to identify forward-looking statements. Such statements are subject to risks and uncertainties which could cause actual results to differ materially from those expressed or implied. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key risks and uncertainties are summarized in filings with the Securities and Exchange Commission, including Exhibit 99.2 in our Form 10-K, which are available at our Web site and at www.sec.gov. Factors that might affect our packaging segments include fluctuation in product demand and preferences; availability and cost of raw materials; competitive packaging availability, pricing and substitution; changes in climate and weather; crop yields; competitive activity; failure to achieve anticipated productivity improvements or production cost reductions; mandatory deposit or other restrictive packaging laws; changes in major customer or supplier contracts or loss of a major customer or supplier; and changes in foreign exchange rates or tax rates. Factors that might affect our aerospace segment include: funding, authorization, availability and returns of government and commercial contracts; and delays, extensions and technical uncertainties affecting segment contracts. Factors that might affect the company as a whole include those listed plus: accounting changes; changes in senior management; the current global recession and its effects on liquidity, credit risk, asset values and the economy; successful or unsuccessful acquisitions, joint ventures or divestitures; integration of recently acquired businesses; regulatory action or laws including tax, environmental, health and workplace safety, including in respect of climate change, or chemicals or substances used in raw materials or in the manufacturing process; governmental investigations; technological developments and innovations; goodwill impairment; antitrust, patent and other litigation; strikes; labor cost changes; rates of return projected and earned on assets of the company’s defined benefit retirement plans; pension changes; reduced cash flow; interest rates affecting our debt; and changes to unaudited results due to statutory audits or other effects.
Defense Solutions Holding, Inc. / DFSH Finalizing Foodstuff Contract with the Government of Iraq — Press Release
Filed under: Business Line, Companies, Events, Press Releases, logistics
Defense Solutions Holding, Inc. / DFSH Finalizing Foodstuff Contract with the Government of Iraq
EXTON, Pa., Jan. 29 /PRNewswire-FirstCall/ — Defense Solutions Holding, Inc. (OTC:DFSH) (BULLETIN BOARD: DFSH) , announced today that it has issued a Performance Bond to the Government of Iraq following successful negotiations of a major foodstuff contract valued at more than $60 million.
Defense Solutions, Inc., a wholly owned subsidiary of DFSH that is licensed to operate in Iraq, responded to a request from the Iraq Ministry of Trade to submit a proposal to the State Company for Foodstuff Trading. In accordance with Iraq’s contracting procedures, Defense Solutions issued a bid bond to the Ministry of Trade in December, 2009. Since then, Colonel (Ret) Timothy Ringgold, CEO of Defense Solutions, returned to Baghdad to negotiate final contract terms. Following successful negotiations, Defense Solutions issued the performance bond to the Ministry of Trade as a final condition to make the contract operative. Delivery will be completed in four shipments over the next six months. First product shipment is expected within sixty days.
“The immediate requirement for foodstuffs for the 30 million Iraqis is immense. We are pleased that the Ministry of Trade has entrusted this contract to Defense Solutions,” stated Ringgold. “This opportunity represents the first of many for Defense Solutions in 2010 and beyond in Iraq.”
Defense Solutions began working in Iraq in 2005 when it refurbished and supplied 77 Battle Tanks under contracts with NATO, the Iraq Defense Ministry, and the US Army. Since then, Iraq’s Ministry of Trade licensed Defense Solutions as one of few American firms authorized to conduct both defense and commercial business in Iraq. Defense Solutions’ staff in Iraq consists of both US and Iraqi citizens, as does the staff at the company headquarters near Philadelphia.
About Defense Solutions:
Defense Solutions Holding, Inc. is headquartered in Exton, PA. Established in 2001, the firms’ founding philosophy was to deliver the world’s best solutions to military members so they can perform their jobs with minimal risk. Defense Solutions has worked for Federal and State departments and agencies, the White House, and international allied organizations including Iraq’s Defense Ministry, NATO, and the Multi-National Force in Iraq to devise and implement strategies supporting armed forces and civilian programs. Many of these programs directly support US and allied soldiers in combat.
For more information visit: http://www.ds-pa.com/.
Forward-Looking Statements:
Certain matters discussed in this release may constitute “forward-looking statements.” Actual results and the timing of certain events may differ materially from those indicated by such forward-looking statements due to a variety of risks and uncertainties, many of which are beyond Defense Solutions’ ability to control or predict, including, but not limited to, risks and uncertainties outlined in reports filed by Defense Solutions with the Securities and Exchange Commission.
The statements made herein are made as of the date of this release, and Defense Solutions undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements contained in this press release, and Defense Solutions undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT:
Defense Solutions Holding, Inc.
Michael Buglio
+1.610.833.6000
buglio@ds-pa.com
Contracts for January 29, 2010
Filed under: Contract Awards, Department of Defense, Syndicated Industry News
Wyle to Develop Air Force Training and Operations for Small Unmanned Aircraft Systems — Press Release
Filed under: Business Line, Companies, Events, Press Releases, Wyle Labs
Wyle to Develop Air Force Training and Operations for Small Unmanned Aircraft Systems
EL SEGUNDO, Calif., Jan. 28 /PRNewswire/ — Wyle has signed an agreement with the Air Force Research Laboratory to develop formal flight and sensor operator training courses designed to enhance the proficiency and competence of Air Force Research Laboratory small unmanned aircraft systems flight operations with the goal of minimizing unmanned aircraft mishaps.
Wyle and the Air Force Research Laboratory (AFRL) at Wright-Patterson Air Force Base in Dayton, Ohio will develop and validate detailed training, operations and related documentation for a radio-controlled aircraft system to support Department of Defense and other Federal agency intelligence, surveillance and reconnaissance, and force protection missions.
“The objective of the agreement is to develop a commercial version of the AFRL small unmanned aircraft system for potential certification by the Federal Aviation Administration in the experimental aircraft category,” said Sam Carbaugh, who has led the project for Wyle. “This will assist in enabling both government and civilian use of small unmanned aircraft for research and development, flight demonstrations and aircrew training.”
The agreement transfers government aircraft technology directly to Wyle, enabling the company to provide training and cost-saving benefits to the Air Force. Development of a commercial small unmanned aircraft systems training course will also allow AFRL personnel to receive small unmanned aircraft systems flight qualification training during the course development phases and to obtain flight training on an as-needed basis without using limited and valuable research aircraft.
“Once we’ve proven our work with AFRL, Wyle plans to offer the training to other DoD operations, government agencies and contractors,” said Carbaugh. “As the military and other government agencies move towards more use of unmanned aircraft, there is a growing need for an adequate training program.”
To support the training portions of the program, Wyle will build and operate two aircraft, each weighing approximately 20 pounds with a wing span of approximately six feet. The aircraft are significantly modified versions of a common model radio controlled aircraft which AFRL uses for various sensor and flight control research projects.
The aircraft will be operated by a ground control unit with operator controls and a laptop computer which will program the aircraft and record operational data. An optical camera system will be installed as a sensor system.
Adaptation of commercially available hobby aircraft with advanced navigation, communications and computer flight controls for use in aviation sensor technology research has resulted in various configurations of aircraft that have proven reliable and useful. Wyle will evaluate these variants to select a configuration suitable for the formal training of small unmanned aircraft systems operators, observers and payload controllers.
Wyle is a leading provider of high tech aerospace engineering and information technology services to the federal government on long-term outsourcing contracts. The company also provides biomedical and engineering services for NASA’s human space missions; test and evaluation of aircraft, weapon systems, networks, and other government assets; and other engineering services to the aerospace, defense, and nuclear power industries.
Ref.: NR/10-04
Contact:
Dan Reeder
(310) 563-6834
Source: Wyle
Northrop Grumman Maritime Laser Clears Design Hurdles
Northrop Grumman Maritime Laser Clears Design HurdlesJanuary 29, 2010
REDONDO BEACH, Calif. – The Maritime Laser Demonstration (MLD) system being developed by Northrop Grumman Corporation (NYSE:NOC) has passed two milestone reviews by the Office of Naval Research, which point to the real potential of the MLD weapon system design.
Representatives from the U.S. Navy, U.S. Army and the High
Energy Laser Joint Technology Office conducted a critical design review
and critical safety review of the MLD at the Dahlgren Naval Surface
Warfare Center in Dahlgren, Va.
"These reviews indicate that our MLD design should meet the
Navy's objectives in future demonstrations," said Steve Hixson, vice
president of Advanced Concepts – Space and Directed Energy Systems for
Northrop Grumman's Aerospace Systems sector. "Next we will finalize
detailed test plans and move into land-based, live fire tests."
Northrop Grumman will conduct an at-sea demonstration of this
revolutionary capability, according to Dan Wildt, vice president,
Directed Energy Systems. "We will prove that the pinpoint accuracy and
response capability of our MLD system can protect Navy ships and
personnel by keeping threats at a safe distance. We will accomplish
this while leveraging technologies with proven scalability that may
ultimately enable addressing additional threats of interest to the
Navy."
The company received a contract from the Office of Naval
Research in July 2009 to demonstrate an innovative laser weapon system
by the end of 2010 suitable for operating in a marine environment and
able to defeat small boat threats, and ultimately could be applicable
to other self-defense missions. The indefinite-delivery/indefinite-quantity MLD contract has a ceiling value of up to $98 million and an expected overall completion date of June 2014.
Technorati Tags:
Naval Systems, Northrop Grumman (NYSE:NOC)
Changing The Focus Of The Foreign Corrupt Practices Act
Mr. Will Barry of Richard Kibbe & Orbe LLP is an expert on the Foreign Corrupt Practices Act (FCPA). He discusses the recent case charging...India To Invest In U.S. Towed Artillery Pieces
Filed under: BAE Systems, Business Line, Companies, Contract Awards, Countries, Events, India, production program
The U.S. military uses three primary artillery systems for its fire support. These are the M109 Paladin self propelled 155mm howitzer, the M270 Multiple Launch Rocket System (MLRS) in tracked and wheeled versions; and the M777 lightweight 155mm towed howitzer. All three of these systems have seen a great deal of use over the last twenty years and performed effectively. It was announced yesterday that India’s government intends to buy 145 of the M177 systems.
This contract will be worth over $600 million if fully executed. The M777 is made by BAE Systems and due to its weight and mobility is ideal to support Indian forces in mountainous regions and represents a significant technological upgrade to their existing inventory of Swedish, Russian and British systems.
Two Tanker Buy Pushed Again
Filed under: Alabama, Boeing, EADS, KC-X, KC-X Tanker News, Northrop Grumman Corp., Syndicated Industry News
The Mayor of Mobile, AL was recently on Capitol Hill raising the issue of buying the new KC-X tanker from both Boeing (BA) and Northrop Grumman (NOC). Northrop and its partner EADS (EADS:P) plan to assemble the A330 aircraft in Mobile and then fit them out with the necessary equipment at a Northrop plant. The idea of awarding contracts to both companies has been discussed before. The primary benefit besides avoiding a protest and delaying the program again would be to more quickly replace the KC-135 aircraft.
The U.S.A.F. and Defense Department have not been positive about this idea in the past due to the larger, more expensive logistics tail required to support two dissimilar systems. During World War II and the Cold War the U.S. often did invest in multiple systems for a mission often operated by separate services. The U.S. military has not had the resources to afford this kind of commitment.
The new RFP is expected to be released within a matter of weeks. For the Air Force to do a dual award it would require development and approval of a whole new acquisition strategy. This would lead to even further delays in this contract. The chances of buying the two aircraft in the next year or so are very slight.
Oshkosh Defense Awarded $21 Million Delivery Order for Recapitalized HEMTT A4s — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, logistics, production program
Oshkosh Defense Awarded $21 Million Delivery Order for Recapitalized HEMTT A4s
OSHKOSH, Wis. — Jan. 28, 2010 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has been awarded a delivery order valued at more than $21 million from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) to produce more than 60 recapitalized next-generation Heavy Expanded Mobility Tactical Trucks (HEMTT) A4. The order, which also includes the delivery of components and engines, is for the M984 HEMTT A4 wrecker variant. Production is expected to begin in January 2011 and be completed in April 2011. The order was issued under the Army’s Family of Heavy Tactical Vehicles (FHTV) III contract.
Through the Oshkosh Defense remanufacturing and recapitalization services, heavily used vehicles are returned to Oshkosh, stripped to their frame rails, completely rebuilt to like-new condition and upgraded to the new A4 configuration. Recapitalized vehicles are considered to have zero miles and zero hours, and offer a significant cost savings compared to new vehicles. These vehicles are put through the same road tests, performance tests and inspection procedures as new vehicles before being delivered with the same bumper-to-bumper warranty provided for new HEMTTs.
The Oshkosh® HEMTT’s 13-ton payload and off-road capabilities make this vehicle the backbone of the U.S. Army’s logistics fleet. HEMTT A4 improvements include: a more powerful drivetrain; improved suspension; a fully air-conditioned and armor-ready cab; and other structural changes to make in-the-field installation of add-on armor quicker and easier. The HEMTT A4 is built with maximum common parts across its variants.
Oshkosh has produced more than 70,000 military-class vehicles at its facilities, including more than 30,000 FHTVs. Oshkosh has the available capacity, highly skilled workforce and proven manufacturing capability to deliver this FHTV order and other vehicle orders for all Army and Defense programs, including the MRAP All Terrain Vehicle (M-ATV) and Family of Medium Tactical Vehicles (FMTV), as well as any surges in production.
About Oshkosh Defense
Oshkosh Defense, a division of Oshkosh Corporation, is an industry-leading global designer and manufacturer of tactical military trucks and armored wheeled vehicles, delivering a full product line of conventional and hybrid vehicles, advanced armor options, proprietary suspensions and vehicles with payloads that can exceed 70 tons. Oshkosh Defense provides a global service and supply network including full life-cycle support and remanufacturing, and its vehicles are recognized the world over for superior performance, reliability and protection. For more information, visit www.oshkoshdefense.com.
About Oshkosh Corporation
Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corp. manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Medtec®, Jerr-Dan®, Oshkosh Specialty Vehicles, Frontline™, SMIT™, CON-E-CO®, London® and IMT®. Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, log on to www.oshkoshcorporation.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
Contracts for January 28, 2010
Filed under: Contract Awards, Department of Defense, Syndicated Industry News
Intelligent Decisions Awarded IT Services Contract by the Defense Supply Center in Richmond — Press Release
Filed under: Business Line, Companies, Events, IT, Press Releases, development program, logistics
Intelligent Decisions Awarded IT Services Contract by the Defense Supply Center in Richmond
ASHBURN, Va., Jan. 27 /PRNewswire/ — Intelligent Decisions, Inc. (ID), a premier global technology solutions provider specializing in Information Technology capabilities, announces that it has been awarded an IT services contract with the Defense Supply Center in Richmond (DSCR), which is an Inventory Control Point within the Defense Logistics Agency housed under the Department of Defense. This one-year services contract, with a one-year extension option, allows ID to provide Project Management and Configuration Management solutions to the DSCR.
The DSCR will leverage the strong technical skill set, expert knowledge and core competencies that ID possesses in the areas of Project Management and Configuration Management. Within these areas, ID will provide services and solutions that include: Risk Management, Policy Management, Team Coordination, Configuration Identification, Change Management, Configuration Verification and Auditing. ID’s on-site team will also participate in Disaster Recovery exercises. The majority of support will be conducted at the J6RSA level, which is responsible for all DSCR employees and supportable customers.
“Intelligent Decisions has been providing IT solutions to the DLA for nearly 15 years. That being said, we understand the intricacies of their systems and culture, federal regulations that they adhere to and have proven our worth through budget conscious results,” said Harry Martin Jr., Intelligent Decisions’ President and Chief Executive Officer.
This award was placed through Intelligent Decisions’ GSA Schedule under the Federal Supply Schedule (FSS).
About Intelligent Decisions, Inc.
Headquartered in Ashburn, VA, Intelligent Decisions (ID), a premier global systems integrator, provides a broad range of innovative, IT professional services, software, hardware and manufacturing solutions to Federal, State and Local governments and Fortune 1000 customers. Ranked on the VARBusiness 500, Inc. 5000, CRN’s Fast Growth 100 and Washingtonian’s Best Places to Work, ID offers best-value pricing and helps clients meet their strategic goals and mission objectives.
For more information, visit www.intelligent.net or call toll-free 800-929-8331.
Contacts
Brady Kavulic
Intelligent Decisions
Senior Marketing Manager
p) 703.554.1619
bkavulic@intelligent.net
Raytheon Reports Strong Fourth Quarter and Full-Year 2009 Results; Reaffirms Outlook for Continued Growth in 2010
Raytheon Reports Strong Fourth Quarter and Full-Year 2009 Results; Reaffirms Outlook for Continued Growth in 2010WALTHAM, Mass., January 28, 2010
Highlights
Solid bookings of $7.1 billion in the quarter and $25.1 billion for the year
Delivered strong sales growth of 10 percent in the quarter and 7 percent for the year
Fourth quarter diluted earnings per share (EPS) from continuing operations of $1.30, up 29 percent; full-year 2009 EPS from continuing operations of $4.89, up 24 percent
Strong operating cash flow of $1.1 billion in the quarter and $2.7 billion for the year
Raytheon Company (NYSE: RTN) reported fourth quarter 2009 income from continuing operations of $517 million, up 21 percent compared to $428 million in the fourth quarter 2008. EPS from continuing operations for the fourth quarter 2009 was $1.30, up 29 percent compared to $1.01 in the fourth quarter 2008. Fourth quarter 2008 income from continuing operations included a $45 million ($69 million pretax) unfavorable adjustment due to the impact of pension investment returns on existing contracts in 2008.
"Our 2009 results reflect the increasing global demand for our capabilities, as well as the Company's strong operational performance," said William H. Swanson, Raytheon's Chairman and CEO. "Looking ahead, we expect continued growth by providing our customers with innovative solutions that address their evolving needs."
Net sales in the fourth quarter 2009 were $6.7 billion, up 10 percent from $6.1 billion in the fourth quarter 2008.
Operating cash flow from continuing operations in the fourth quarter 2009 was $1,073 million compared to $444 million in the fourth quarter 2008. In the fourth quarter 2008 the Company made $660 million in discretionary cash contributions to its pension plans. The Company made $1,115 million in total cash contributions to its pension plans in full-year 2009 compared to $1,174 million in full-year 2008.
In the fourth quarter 2009 the Company repurchased 6.0 million shares of common stock for $300 million, as part of its previously announced share repurchase program. For the full-year 2009 the Company repurchased 25.8 million shares of common stock for $1.2 billion.
Full-Year Financial Results
Full-year 2009 income from continuing operations was $2.0 billion, up 16 percent compared to $1.7 billion for the full-year 2008. EPS from continuing operations for the full-year 2009 was $4.89, up 24 percent compared to $3.93 for the full-year 2008.
Net sales in 2009 were $24.9 billion, up 7 percent from $23.2 billion in 2008, with all of Raytheon's businesses contributing to the sales growth.
The Company generated strong operating cash flow for the year. Operating cash flow from continuing operations was $2.7 billion in 2009 compared to $2.0 billion in 2008. The increase in operating cash flow in 2009 was primarily due to improved performance and lower net cash tax payments. The Company paid $627 million in cash taxes in 2009 and received $419 million in tax refunds and credits, primarily related to the discretionary cash contributions that it made to its pension plans in December 2008. The Company paid $545 million in cash taxes in 2008 and received $97 million in tax refunds and credits.
The Company ended 2009 in a net cash position of $313 million ($2.6 billion in cash and cash equivalents less total debt of $2.3 billion).
Technorati Tags:
Financial Results, Raytheon (NYSE:RTN)
Lockheed Martin Declares First Quarter 2010 Dividend of $0.63
Filed under: Lockheed Martin, Syndicated Industry News
January 28, 2010 12:15:00 PM
For a complete listing of our news releases, please click here
BETHESDA, Md., -- Lockheed Martin Corporation (NYSE: LMT) today announced that its Board of Directors has authorized a first quarter 2010 dividend of $0.63 per-share. The dividend is payable March 26, 2010 to holders of record as of the close of business on March 1, 2010.
Technorati Tags:
Financial Results, Lockheed Martin (NYSE:LMT)
Defense And The State Of The Union
President Obama's State of the Union speech last night reinforced his budget plans for defense. This will see slight growth in the near term as...Defense Earnings Start Coming In With Mixed Results
Three large defense contractors reported recently with mixed results. Boeing and United Technologies (UTC) beat expectations while General...Navy Orders Nuclear Powerplant Components
Filed under: Business Line, Companies, Contract Awards, Department of Defense, Events, Services, U.S. Navy, logistics, production program
Babcock & Wilcox (B&W) an operating unit of McDermott International announced yesterday that it was awarded a contract by the U.S. Government for various nuclear components for defense programs. These include U.S. Navy power plant parts and systems. The U.S. Navy continues to operate several nuclear powered aircraft carriers and submarines. B&W has made these kind of systems for decades and prior to that provided steam power plants for U.S. Navy and other ships. The total value of the contract if all options are exercised is $450 million.
In December 2009 McDermott International announced plans to separate B&W from itself due to new tax laws. This plan has not yet been executed but when it is complete B&W will be able to bid on Federal contracts without McDermott International being forced to incorporate in the United States.
Valley Forge Composite Technologies, Inc. Begins Shipping Its Full Body Scanner — Press Release
Filed under: Business Line, Companies, Events, IT, Press Releases, development program, logistics
Valley Forge Composite Technologies, Inc. Begins Shipping Its Full Body Scanner
COVINGTON, Ky., Jan. 27 /PRNewswire-FirstCall/ — Valley Forge Composite Technologies (OTC:VLYF) (BULLETIN BOARD: VLYF) is shipping ODIN(TM), its full body scanner, this week. ODIN is a state of the art full body scanning system based on Ultra-Low Dose Imaging Technology. It provides an enhanced ability to see most objects including liquids, explosives and other contraband carried on an individual, even when concealed.
The initial system is expected to be installed and operational by the middle of February at which point ODIN will undergo acceptance testing for 30 days before being put into full operation. It is believed that successful testing will result with a larger rollout.
“We have been informed that we were chosen because we are providing very high quality images”, stated Lou Brothers, CEO of Valley Forge.
For security reasons, Valley Forge has agreed to not disclose the end user of the product or the location of the initial installation.
For further information on ODIN or Valley Forge’s other contraband detection technologies, please visit its web site at www.vlyf.com .
About Valley Forge
Valley Forge Composite Technologies, Inc. develops, manufactures and distributes next-generation detection systems. Its THOR LVX(TM) system is designed to detect nuclear material, explosives and contraband hidden in cargo containers and baggage, even through shielding. VLYF is also marketing the ODIN personal screening system for use in airports, high-security buildings and border entry points. More information about Valley Forge Composite Technologies, Inc. can be found at www.vlyf.com.
Forward-Looking Statement
The Private Securities Litigation Reform Act of 1995 provides a ’safe harbor’ for certain forward-looking statements. Statements in this press release that relate to Valley Forge Composite Technologies, Inc.’s future plans, objectives, expectations, performance, events, reports made by others, and the like, including a statement about the assumptions underlying a forward-looking statement, are forward-looking statements protected by the safe harbor. Investors should understand that future events, risks and uncertainties, individually or in the aggregate, are factors that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. These factors could include changes in economic conditions or government policies that may change the demand for the Company’s products and services and could include other factors discussed in the sections of the Company’s report on Form 10-K for the year ended December 31, 2009 as filed with the U.S. Securities and Exchange Commission, entitled ‘Description of Business’ or ‘Management’s Discussion and Analysis or Plan of Operation.’ This release is comprised of interrelated information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. Valley Forge Composite Technologies, Inc. uses paid services of investor relations organizations to promote the Company to the investment community. Investments in the Company should be considered speculative, and, prior to acquisition, should be thoroughly researched. Valley Forge Composite Technologies, Inc. does not intend to update these forward-looking statements prior to its reporting of its quarterly or annual results.
Contact
Valley Forge Composite Technologies, Inc.
Roe Brothers
roe@vfct.com
Tel: (859) 581-5111
Source: Valley Forge Composite Technologies, Inc.
Contracts for January 27, 2010
Filed under: Contract Awards, Department of Defense, Syndicated Industry News
Raytheon Wins $4.3 Million Contract for On-Dock Rail Nuclear Detectors — Press Release
Filed under: Business Line, Companies, Events, Press Releases, Raytheon, development program, logistics
Raytheon Wins $4.3 Million Contract for On-Dock Rail Nuclear Detectors
TEWKSBURY, Mass., Jan. 26, 2010 /PRNewswire/ — Under a $4.3 million contract from the Department of Homeland Security (DHS), Raytheon Company (NYSE:RTN) is developing next-generation panels that can scan rail cars to detect nuclear weapons and other materials.
The new panels are an additional configuration in Raytheon’s Advanced Spectroscopic portfolio, a series of panels that can be used in various ways to screen cars, trucks, cargo containers, and now rail cars at seaports, border crossings, and airports. Raytheon’s Integrated Defense Systems is developing the panels for the Domestic Nuclear Detection Office within DHS. The panels will be tested this summer in Tacoma, Wash.
Ports of entry, courier facilities, airports and similar locations are now using first-generation radiation monitors to scan cargo containers that are placed on trucks. But those devices are not as effective in scanning rail cars, and they cannot distinguish between nuclear materials that pose a threat and the naturally occurring radioactive materials in fertilizer and bananas. Consequently, there can be frequent false alarms.
With the new panels, after a cargo container at a seaport has been loaded onto an 18-wheel flatbed truck or onto a rail car, the truck or car will pass between two panels that will scan it for illicit materials. It will be similar to driving a motor vehicle between two toll booths on the highway. One advantage of the new panels is that they will be taller than the existing version, so they will be able to scan the top of a rail car.
The new panels represent what is called an Advanced Spectroscopic On-Dock Rail configuration. The portfolio also includes panels that fit into a sport utility vehicle to detect nuclear materials passing on one side or the other of the SUV.
“National safety depends on our ability to design and field early-detection systems that can identify such threats as improvised nuclear devices, nuclear weapons, and devices that disperse radiological materials. So this is a high-priority program within DHS and a key component of DNDO’s efforts,” said Mary Petryszyn, vice president of civil security and response programs at Raytheon Integrated Defense Systems.
Raytheon Company, with 2008 sales of $23.2 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 87 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 73,000 people worldwide.
Contact:
Carol Sobel
978.858.4519
Source: Raytheon Company
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