Under the fiscal 2010 defense authorization act signed into law Wednesday by President Barack Obama, the United States is capping production at 187 of the premier U.S. fighter aircraft.(Reporting by Jim Wolf; Editing Bernard Orr)
11 years ago
Friday, October 30, 2009
Lockheed gets $474.2 mln F-22 fighter contract
WASHINGTON, Oct 29 (Reuters) - Lockheed Martin Corp (LMT.N) has been awarded a $474.2 million U.S. Air Force contract for four more F-22 fighter aircraft and related work as production heads toward an end, the Defense Department said Thursday. Under the fiscal 2010 defense authorization act signed into law Wednesday by President Barack Obama, the United States is capping production at 187 of the premier U.S. fighter aircraft.
(Reporting by Jim Wolf; Editing Bernard Orr)
Under the fiscal 2010 defense authorization act signed into law Wednesday by President Barack Obama, the United States is capping production at 187 of the premier U.S. fighter aircraft.(Reporting by Jim Wolf; Editing Bernard Orr)
U.S. states vie to land F-35 fighter bases
WASHINGTON, Oct 29 (Reuters) - Vermont, Utah, Florida, Idaho and South Carolina moved closer Thursday to landing operating bases for Lockheed Martin Corp's (LMT.N) new F-35 Joint Strike Fighter aircraft. 
The U.S. Air Force also said locations in Idaho, Florida, New Mexico and two in Arizona were being examined as potential training bases for the radar-evading, single-engine jet, now in early production.
Attracting the F-35, the Pentagon's costliest acquisition program at $300 billion over coming decades, would be a shot in the arm to surrounding communities.
An Air Force spokesman, Vincent King, said it was too early to determine how much might be spent to prepare the sites to accommodate the plane.
Next steps in the selection process include a formal environmental impact analysis of each of the 11 final candidate bases, including Shaw Air Force Base and McEntire Air Guard Base in South Carolina. The analysis will give communities around each base a chance to provide input.
The list announced Thursday was based on such criteria as airspace, flight training ranges, weather, support facilities, runways, taxi ramps and environmental concerns.
Also taken in account were "military judgment factors" such as combatant commander requirements, aircraft retirements and delivery schedules, aircraft maintenance and logistics support, and integration with the Air National Guard and Reserve, the Air Force said in a statement.
The announcement sparked celebrations and disappointment among various lawmakers on Capitol Hill.
"Today is a great day for Utah," Republican Sen. Orrin Hatch said in a statement cheering the inclusion of Hill Air Force Base in northern Utah.
Sen. John McCain, Republican of Arizona, said he would continue to work to bring the F-35 to his state's Luke Air Force Base and Tucson International Airport Air Guard Station. McCain said he would engage the Air Force to ensure the final base selection process was "fair, transparent, and takes into consideration the strong history of support by local communities in Arizona."
Sen. Lisa Murkowski, a Republican from Alaska, bemoaned the absence of her state's Eielson Air Force Base and said she would protest to senior defense officials.
Air Force officials expect to winnow the list again next year based on the environmental impact studies and site assessments. Final decisions are expected in early 2011, the Air Force said.
The U.S. Air Force, Navy and Marine Corps will each fly a different model of the F-35. (Reporting by Jim Wolf; Editing by Tim Dobbyn)
The U.S. Air Force also said locations in Idaho, Florida, New Mexico and two in Arizona were being examined as potential training bases for the radar-evading, single-engine jet, now in early production.Attracting the F-35, the Pentagon's costliest acquisition program at $300 billion over coming decades, would be a shot in the arm to surrounding communities.
An Air Force spokesman, Vincent King, said it was too early to determine how much might be spent to prepare the sites to accommodate the plane.
Next steps in the selection process include a formal environmental impact analysis of each of the 11 final candidate bases, including Shaw Air Force Base and McEntire Air Guard Base in South Carolina. The analysis will give communities around each base a chance to provide input.
The list announced Thursday was based on such criteria as airspace, flight training ranges, weather, support facilities, runways, taxi ramps and environmental concerns.
Also taken in account were "military judgment factors" such as combatant commander requirements, aircraft retirements and delivery schedules, aircraft maintenance and logistics support, and integration with the Air National Guard and Reserve, the Air Force said in a statement.
The announcement sparked celebrations and disappointment among various lawmakers on Capitol Hill.
"Today is a great day for Utah," Republican Sen. Orrin Hatch said in a statement cheering the inclusion of Hill Air Force Base in northern Utah.
Sen. John McCain, Republican of Arizona, said he would continue to work to bring the F-35 to his state's Luke Air Force Base and Tucson International Airport Air Guard Station. McCain said he would engage the Air Force to ensure the final base selection process was "fair, transparent, and takes into consideration the strong history of support by local communities in Arizona."
Sen. Lisa Murkowski, a Republican from Alaska, bemoaned the absence of her state's Eielson Air Force Base and said she would protest to senior defense officials.
Air Force officials expect to winnow the list again next year based on the environmental impact studies and site assessments. Final decisions are expected in early 2011, the Air Force said.
The U.S. Air Force, Navy and Marine Corps will each fly a different model of the F-35. (Reporting by Jim Wolf; Editing by Tim Dobbyn)
Navistar, JAC to Explore Diesel Engine Joint Venture in China
Navistar ~ October 30, 2009
WARRENVILLE, Ill.--(BUSINESS WIRE)--Navistar, Inc. and Anhui Jianghuai Automobile Co. Ltd. (“JAC”) will explore a potential engine joint venture to develop, build and market advanced diesel engines for commercial vehicles in China. The potential joint venture, if formed, would have a 50/50 ownership between Navistar, a leading U.S.-based maker of commercial vehicles, motor coaches and diesel engines, and JAC, a leading China-based maker of commercial and consumer vehicles and engines.
The proposed JV would establish a research and design center in China’s Anhui province for application engineering development, product design and technology advancements. Diesel engines produced by the new venture would primarily be used in China, as well as certain export markets.
“This proposed joint venture would bring together the resources of two leaders, JAC in China’s commercial vehicle segment and Navistar in the global diesel engine business,” said Eric Tech, president, Navistar Engine Group. “The result would yield outstanding advanced technology products for commercial truck owners throughout the region.”
“This key initiative would not only give JAC access to world-class engine products, technology and management but would also support our long-term business growth strategy,” said Zuo Yanan, Chairman, JAC.
Formation of the joint venture is subject to the completion of due diligence, approval by each party’s board of directors, negotiation of definitive agreements, corporate and regulatory approvals. Management structure would consist of eight directors, four from JAC and four from Navistar.
About JAC
Anhui Jianghuai Automobile Co. Ltd. (JAC) is principally engaged in the development, manufacture and sale of sport recreational vehicles, passenger cars, commercial vehicles and related parts. The company offers business vehicles under the brand name of Refine, light and heavy trucks, sports recreation vehicles (SRVs) under the brand name of Rein, carriage chassis and cars. http://jacen.jac.com.cn.
About Navistar
Navistar, Inc., the operating company of Navistar International Corporation (NYSE: NAV - News), produces International® brand commercial vehicles, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Additional information is available at www.Navistar.com/newsroom.
Contact:
Navistar
Business Media contact: Roy Wiley, 630-753-2627
Trade Media contact: Steve Schrier, 630-753-2264
Investor Contact: Heather Kos, 630-753-2406
Web site: www.Navistar.com/newsroom
WARRENVILLE, Ill.--(BUSINESS WIRE)--Navistar, Inc. and Anhui Jianghuai Automobile Co. Ltd. (“JAC”) will explore a potential engine joint venture to develop, build and market advanced diesel engines for commercial vehicles in China. The potential joint venture, if formed, would have a 50/50 ownership between Navistar, a leading U.S.-based maker of commercial vehicles, motor coaches and diesel engines, and JAC, a leading China-based maker of commercial and consumer vehicles and engines.
The proposed JV would establish a research and design center in China’s Anhui province for application engineering development, product design and technology advancements. Diesel engines produced by the new venture would primarily be used in China, as well as certain export markets.
“This proposed joint venture would bring together the resources of two leaders, JAC in China’s commercial vehicle segment and Navistar in the global diesel engine business,” said Eric Tech, president, Navistar Engine Group. “The result would yield outstanding advanced technology products for commercial truck owners throughout the region.”
“This key initiative would not only give JAC access to world-class engine products, technology and management but would also support our long-term business growth strategy,” said Zuo Yanan, Chairman, JAC.
Formation of the joint venture is subject to the completion of due diligence, approval by each party’s board of directors, negotiation of definitive agreements, corporate and regulatory approvals. Management structure would consist of eight directors, four from JAC and four from Navistar.
About JAC
Anhui Jianghuai Automobile Co. Ltd. (JAC) is principally engaged in the development, manufacture and sale of sport recreational vehicles, passenger cars, commercial vehicles and related parts. The company offers business vehicles under the brand name of Refine, light and heavy trucks, sports recreation vehicles (SRVs) under the brand name of Rein, carriage chassis and cars. http://jacen.jac.com.cn.
About Navistar
Navistar, Inc., the operating company of Navistar International Corporation (NYSE: NAV - News), produces International® brand commercial vehicles, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Additional information is available at www.Navistar.com/newsroom.
Contact:
Navistar
Business Media contact: Roy Wiley, 630-753-2627
Trade Media contact: Steve Schrier, 630-753-2264
Investor Contact: Heather Kos, 630-753-2406
Web site: www.Navistar.com/newsroom
Barnes Group Inc. Reports Third Quarter 2009 Financial Results
Revenues of $260.3 million for the third quarter 2009
Third quarter 2009 diluted EPS of $0.20, including restructuring charges
Year-to-date 2009 cash from operating activities improved 51% from the prior year period
Debt-to-Capital ratio improved to 35% as debt declined 23% from year-end 2008 to $360.7 million
Barnes Group Inc. ~ October 30, 2009
BRISTOL, Conn.--(BUSINESS WIRE)--Barnes Group Inc. (NYSE: B - News), a diversified global manufacturer and logistical services company, today reported financial results for the third quarter 2009. The Company reported income from continuing operations of $10.9 million, or $0.20 per diluted share, compared to $29.2 million, or $0.52 per diluted share in the prior year period. Included in the third quarter 2009 results are $3.4 million pre-tax ($1.7 million after-tax) of restructuring charges. Barnes Group’s third quarter 2009 sales totaled $260.3 million, down 22 percent from $333.8 million in the third quarter of 2008.
Barnes Group generated $125.7 million in cash from operations for the first nine months of 2009, reflecting an improvement of 51 percent over the prior year period level of $83.2 million. Cash flow generation driven by working capital improvements helped reduce debt to $360.7 million, a decline of 23 percent from year-end 2008. As a result, the Company’s third quarter 2009 debt-to-capital ratio improved to 35%. The Company’s September 30, 2009 total debt covenant ratio of 3.26 times was appreciably below the required level of 4.0 times. On December 31, 2009 the ratio requirement decreases to 3.75 times.
($ millions; except Three months ended September 30, Nine months ended September 30,
per share data) 2009 2008 Change 2009 2008 Change
Net Sales $ 260.3 $ 333.8 ($73.5 ) (22.0 ) % $ 777.7 $ 1,096.7 ($319.0 ) (29.1 ) %
Operating Income $ 14.6 $ 42.6 ($28.1 ) (65.8 ) % $ 49.2 $ 145.2 ($96.1 ) (66.1 ) %
% of Sales 5.6 % 12.8 % - (7.2 ) pts. 6.3 % 13.2 % - (6.9 ) pts.
Income from Continuing Operations $ 10.9 $ 29.2 ($18.3 ) (62.8 ) % $ 32.8 $ 98.2 ($65.4 ) (66.6 ) %
% of Sales 4.2 % 8.8 % - (4.6 ) pts. 4.2 % 9.0 % - (4.8 ) pts.
Net Income $ 10.9 $ 27.8 ($16.9 ) (60.8 ) % $ 32.8 $ 93.7 ($60.9 ) (65.0 ) %
% of Sales 4.2 % 8.3 % - (4.1 ) pts. 4.2 % 8.5 % - (4.3 ) pts.
Income from Continuing Operations Per Diluted Share $ 0.20 $ 0.52 ($0.32 ) (61.5 ) % $ 0.61 $ 1.73 ($1.12 ) (64.7 ) %
Net Income Per Diluted Share $ 0.20 $ 0.49 ($0.29 ) (59.2 ) % $ 0.61 $ 1.65 ($1.04 ) (63.0 ) %
“We have not yet seen the sustained signs of a turnaround in the global economy. The challenges posed in the third quarter were similar to what we have seen for the preceding six months in many of our end markets. However, we are optimistic about the prospects for economic improvement in 2010, so we continue to pursue internal initiatives we feel are essential to positioning Barnes Group for the future,” said Gregory F. Milzcik, President and Chief Executive Officer, Barnes Group Inc. “During the quarter we strengthened our balance sheet through substantial debt reductions driven by working capital improvements and made strategic investments in people and processes to maximize our competitive position for sustainable long-term growth.
“We are confident that we have positioned Barnes Group well to participate fully in a market recovery as conditions normalize. We are encouraged by the stabilizing trends we are seeing in our transportation and industrial manufacturing businesses and optimistic for an anticipated rebound in aerospace activity in the second half of 2010. We are committed to strengthening our capital structure, pursuing strategic revenue growth, and controlling costs as we navigate near-term economic challenges to maximize the value we bring to our customers and stockholders,” Milzcik added.
Logistics and Manufacturing Services
•Third quarter 2009 sales at Logistics and Manufacturing Services were $131.3 million, down 22 percent from $168.7 million in the same period last year. The decline in sales was driven by softness in the transportation and industrial markets throughout North America and Europe. Additionally, sales declines in the aftermarket aerospace market were driven by lower aircraft utilization and deferred maintenance activities. Foreign exchange negatively impacted sales by $1.8 million in the third quarter.
•Operating profit was $11.9 million, compared with $23.5 million in the third quarter of 2008. Operating profit was driven lower primarily by the reduced sales volumes in each of the businesses due to current macroeconomic conditions on our end-markets. Operational and productivity initiatives implemented in 2008 and throughout 2009 to align the cost structure with sales volumes continued to provide beneficial results that partially offset the adverse profit impact of declining sales.
Precision Components
•Third quarter 2009 sales at Precision Components were $130.0 million, down 23 percent from $168.4 million in the same period last year. The industrial manufacturing businesses in North America and Europe reported significant sales declines primarily resulting from the global recession and were most impacted by the recession’s effect on the transportation industry, most notably automotive. Additionally, sales decreased in the aerospace original equipment manufacturing business as customers reduced inventory and lowered production levels across the commercial engine portfolio. Foreign exchange adversely affected sales by $0.6 million in the third quarter.
•Operating profit for the third quarter of 2009 was $2.7 million, compared with $19.1 million in the third quarter of 2008. The profit impact of lower sales volumes was partially offset by the benefits of cost reduction actions, including personnel reductions and plant consolidations, taken in 2008 and early in 2009.
•Included in Precision Components third quarter 2009 results are $3.4 million (pre-tax) for restructuring charges taken during the third quarter. These actions included the moving of operations of the Burlington, Ontario, Canada facility and the previously idled Monterrey, Mexico facility. The assets and related work of these facilities will be transferred to other operations within the United States to provide a more cost effective manufacturing footprint and improved competitive advantage. The actions are expected to be completed by March 2010.
Additional Information
•Other income, net of other expenses, increased $1.1 million in the third quarter of 2009 compared to the same period of 2008 primarily as a result of a $1.5 million gain on the repurchase of certain convertible notes. Year-to-date, other income, net of other expenses increased $4.3 million, as a result of a $3.8 million gain on the repurchase of certain convertible notes.
•The Company’s effective tax rate from continuing operations for the first nine months of 2009 was 5.1 percent. Included in the year-to-date tax expense is a $1.6 million tax benefit related to the third quarter 2009 restructuring actions. Changes to the Company’s tax rate are largely based on changes in the projected mix of income between taxing jurisdictions.
Conference Call
The Company will conduct a conference call with investors to discuss third quarter 2009 results at 8:30 a.m. EDT today, October 30, 2009. A webcast of the live call and an archived replay will be available on the Barnes Group investor relations link at www.BGInc.com.
Barnes Group Inc. (NYSE:B - News) is a diversified global manufacturer and logistical services company focused on providing precision component manufacturing and operating service support. Founded in 1857, 4,900 dedicated employees at more than 60 locations worldwide are committed to achieving consistent and sustainable profitable growth. For more information, visit www.BGInc.com. Barnes Group, the Critical Components People.
This release may contain certain forward-looking statements as defined in the Private Securities Litigation and Reform Act of 1995. Forward-looking statements are made based upon management’s good faith expectations and beliefs concerning future developments and their potential effect upon the Company and can be identified by the use of words such as “anticipated,” “believe,” “expect,” “plans,” “strategy,” “estimate,” “project,” and other words of similar meaning in connection with a discussion of future operating or financial performance. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed in the forward-looking statements. The risks and uncertainties, which are described in our periodic filings with the Securities and Exchange Commission, include, among others, uncertainties arising from the behavior of financial markets; future financial performance of the industries or customers that we serve; changes in market demand for our products and services; integration of acquired businesses; changes in raw material prices and availability; our dependence upon revenues and earnings from a small number of significant customers; uninsured claims; and numerous other matters of global, regional or national scale, including those of a political, economic, business, competitive, regulatory and public health nature. The Company assumes no obligation to update our forward-looking statements.
Third quarter 2009 diluted EPS of $0.20, including restructuring charges
Year-to-date 2009 cash from operating activities improved 51% from the prior year period
Debt-to-Capital ratio improved to 35% as debt declined 23% from year-end 2008 to $360.7 million
Barnes Group Inc. ~ October 30, 2009
BRISTOL, Conn.--(BUSINESS WIRE)--Barnes Group Inc. (NYSE: B - News), a diversified global manufacturer and logistical services company, today reported financial results for the third quarter 2009. The Company reported income from continuing operations of $10.9 million, or $0.20 per diluted share, compared to $29.2 million, or $0.52 per diluted share in the prior year period. Included in the third quarter 2009 results are $3.4 million pre-tax ($1.7 million after-tax) of restructuring charges. Barnes Group’s third quarter 2009 sales totaled $260.3 million, down 22 percent from $333.8 million in the third quarter of 2008.
Barnes Group generated $125.7 million in cash from operations for the first nine months of 2009, reflecting an improvement of 51 percent over the prior year period level of $83.2 million. Cash flow generation driven by working capital improvements helped reduce debt to $360.7 million, a decline of 23 percent from year-end 2008. As a result, the Company’s third quarter 2009 debt-to-capital ratio improved to 35%. The Company’s September 30, 2009 total debt covenant ratio of 3.26 times was appreciably below the required level of 4.0 times. On December 31, 2009 the ratio requirement decreases to 3.75 times.
($ millions; except Three months ended September 30, Nine months ended September 30,
per share data) 2009 2008 Change 2009 2008 Change
Net Sales $ 260.3 $ 333.8 ($73.5 ) (22.0 ) % $ 777.7 $ 1,096.7 ($319.0 ) (29.1 ) %
Operating Income $ 14.6 $ 42.6 ($28.1 ) (65.8 ) % $ 49.2 $ 145.2 ($96.1 ) (66.1 ) %
% of Sales 5.6 % 12.8 % - (7.2 ) pts. 6.3 % 13.2 % - (6.9 ) pts.
Income from Continuing Operations $ 10.9 $ 29.2 ($18.3 ) (62.8 ) % $ 32.8 $ 98.2 ($65.4 ) (66.6 ) %
% of Sales 4.2 % 8.8 % - (4.6 ) pts. 4.2 % 9.0 % - (4.8 ) pts.
Net Income $ 10.9 $ 27.8 ($16.9 ) (60.8 ) % $ 32.8 $ 93.7 ($60.9 ) (65.0 ) %
% of Sales 4.2 % 8.3 % - (4.1 ) pts. 4.2 % 8.5 % - (4.3 ) pts.
Income from Continuing Operations Per Diluted Share $ 0.20 $ 0.52 ($0.32 ) (61.5 ) % $ 0.61 $ 1.73 ($1.12 ) (64.7 ) %
Net Income Per Diluted Share $ 0.20 $ 0.49 ($0.29 ) (59.2 ) % $ 0.61 $ 1.65 ($1.04 ) (63.0 ) %
“We have not yet seen the sustained signs of a turnaround in the global economy. The challenges posed in the third quarter were similar to what we have seen for the preceding six months in many of our end markets. However, we are optimistic about the prospects for economic improvement in 2010, so we continue to pursue internal initiatives we feel are essential to positioning Barnes Group for the future,” said Gregory F. Milzcik, President and Chief Executive Officer, Barnes Group Inc. “During the quarter we strengthened our balance sheet through substantial debt reductions driven by working capital improvements and made strategic investments in people and processes to maximize our competitive position for sustainable long-term growth.
“We are confident that we have positioned Barnes Group well to participate fully in a market recovery as conditions normalize. We are encouraged by the stabilizing trends we are seeing in our transportation and industrial manufacturing businesses and optimistic for an anticipated rebound in aerospace activity in the second half of 2010. We are committed to strengthening our capital structure, pursuing strategic revenue growth, and controlling costs as we navigate near-term economic challenges to maximize the value we bring to our customers and stockholders,” Milzcik added.
Logistics and Manufacturing Services
•Third quarter 2009 sales at Logistics and Manufacturing Services were $131.3 million, down 22 percent from $168.7 million in the same period last year. The decline in sales was driven by softness in the transportation and industrial markets throughout North America and Europe. Additionally, sales declines in the aftermarket aerospace market were driven by lower aircraft utilization and deferred maintenance activities. Foreign exchange negatively impacted sales by $1.8 million in the third quarter.
•Operating profit was $11.9 million, compared with $23.5 million in the third quarter of 2008. Operating profit was driven lower primarily by the reduced sales volumes in each of the businesses due to current macroeconomic conditions on our end-markets. Operational and productivity initiatives implemented in 2008 and throughout 2009 to align the cost structure with sales volumes continued to provide beneficial results that partially offset the adverse profit impact of declining sales.
Precision Components
•Third quarter 2009 sales at Precision Components were $130.0 million, down 23 percent from $168.4 million in the same period last year. The industrial manufacturing businesses in North America and Europe reported significant sales declines primarily resulting from the global recession and were most impacted by the recession’s effect on the transportation industry, most notably automotive. Additionally, sales decreased in the aerospace original equipment manufacturing business as customers reduced inventory and lowered production levels across the commercial engine portfolio. Foreign exchange adversely affected sales by $0.6 million in the third quarter.
•Operating profit for the third quarter of 2009 was $2.7 million, compared with $19.1 million in the third quarter of 2008. The profit impact of lower sales volumes was partially offset by the benefits of cost reduction actions, including personnel reductions and plant consolidations, taken in 2008 and early in 2009.
•Included in Precision Components third quarter 2009 results are $3.4 million (pre-tax) for restructuring charges taken during the third quarter. These actions included the moving of operations of the Burlington, Ontario, Canada facility and the previously idled Monterrey, Mexico facility. The assets and related work of these facilities will be transferred to other operations within the United States to provide a more cost effective manufacturing footprint and improved competitive advantage. The actions are expected to be completed by March 2010.
Additional Information
•Other income, net of other expenses, increased $1.1 million in the third quarter of 2009 compared to the same period of 2008 primarily as a result of a $1.5 million gain on the repurchase of certain convertible notes. Year-to-date, other income, net of other expenses increased $4.3 million, as a result of a $3.8 million gain on the repurchase of certain convertible notes.
•The Company’s effective tax rate from continuing operations for the first nine months of 2009 was 5.1 percent. Included in the year-to-date tax expense is a $1.6 million tax benefit related to the third quarter 2009 restructuring actions. Changes to the Company’s tax rate are largely based on changes in the projected mix of income between taxing jurisdictions.
Conference Call
The Company will conduct a conference call with investors to discuss third quarter 2009 results at 8:30 a.m. EDT today, October 30, 2009. A webcast of the live call and an archived replay will be available on the Barnes Group investor relations link at www.BGInc.com.
Barnes Group Inc. (NYSE:B - News) is a diversified global manufacturer and logistical services company focused on providing precision component manufacturing and operating service support. Founded in 1857, 4,900 dedicated employees at more than 60 locations worldwide are committed to achieving consistent and sustainable profitable growth. For more information, visit www.BGInc.com. Barnes Group, the Critical Components People.
This release may contain certain forward-looking statements as defined in the Private Securities Litigation and Reform Act of 1995. Forward-looking statements are made based upon management’s good faith expectations and beliefs concerning future developments and their potential effect upon the Company and can be identified by the use of words such as “anticipated,” “believe,” “expect,” “plans,” “strategy,” “estimate,” “project,” and other words of similar meaning in connection with a discussion of future operating or financial performance. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed in the forward-looking statements. The risks and uncertainties, which are described in our periodic filings with the Securities and Exchange Commission, include, among others, uncertainties arising from the behavior of financial markets; future financial performance of the industries or customers that we serve; changes in market demand for our products and services; integration of acquired businesses; changes in raw material prices and availability; our dependence upon revenues and earnings from a small number of significant customers; uninsured claims; and numerous other matters of global, regional or national scale, including those of a political, economic, business, competitive, regulatory and public health nature. The Company assumes no obligation to update our forward-looking statements.
Defenshield Anti-Piracy Equipment Appears on CNN
Defenshield Inc. ~ October 30, 2009
JACKSONVILLE, Fla., Oct. 30 /PRNewswire/ -- Defenshield's bullet and blast resistant Rail Cap appeared on CNN's "The Situation Room with Wolf Blitzer" this week in a segment on ships fighting back against piracy. A video of the show is currently available on CNN's website at http://edition.cnn.com/video/#/video/us/2009/10/28/todd.piracy.countermeasures.cnn.
With the recent hijacking of ships off the coast of Somalia, particularly the British couple apparently kidnapped from their yacht and still being held hostage, the problem of piracy has become more prevalent and visible, and shipping companies and operators are fighting back.
Defenshield is working with International Maritime Security Network (IMSN) to share product knowledge and expertise to protect commercial ships from a variety of threats, primarily in an anti-piracy capacity. The Defenshield Rail Cap is an engineered ballistic solution that can be used in a variety of situations where protection from a range of small arms, up to RPG weaponry, is necessary aboard shipping vessels. It is part of IMSN's "Triton Shield Anti-Piracy System" which encompasses Defenshield's Rail Cap as well as IMSN's training, water system, and security team, and cameras produced by EyeOn Security Systems.
Defenshield is a global supplier of engineered glass and armor ballistic solutions. Its products are widely used in combat in Iraq and Afghanistan as well as at entry control points on military posts throughout the United States and the world.
International Maritime Security Network's mission is to detect, deter and defend against maritime threats worldwide. IMSN training prepares clients to efficiently detect and intelligently evaluate potential threats, and imparts the practical knowledge, tactical capability and invaluable sense of responsibility to provide for smarter security, secure clients and safer seas. For more information, visit www.imsn.us or call (724) 356-4676.
Defenshield Inc. is a veteran-owned, SBA-certified small business specializing in armor systems for law enforcement, public security, homeland defense and the military. The Defenshield product line offers the highest level of security, defeating armor-piercing weaponry, assault and sniper rifles, as well as handgun and shotgun rounds. For more information, visit www.defenshield.com or call (800) 650-2921.
JACKSONVILLE, Fla., Oct. 30 /PRNewswire/ -- Defenshield's bullet and blast resistant Rail Cap appeared on CNN's "The Situation Room with Wolf Blitzer" this week in a segment on ships fighting back against piracy. A video of the show is currently available on CNN's website at http://edition.cnn.com/video/#/video/us/2009/10/28/todd.piracy.countermeasures.cnn.
With the recent hijacking of ships off the coast of Somalia, particularly the British couple apparently kidnapped from their yacht and still being held hostage, the problem of piracy has become more prevalent and visible, and shipping companies and operators are fighting back.
Defenshield is working with International Maritime Security Network (IMSN) to share product knowledge and expertise to protect commercial ships from a variety of threats, primarily in an anti-piracy capacity. The Defenshield Rail Cap is an engineered ballistic solution that can be used in a variety of situations where protection from a range of small arms, up to RPG weaponry, is necessary aboard shipping vessels. It is part of IMSN's "Triton Shield Anti-Piracy System" which encompasses Defenshield's Rail Cap as well as IMSN's training, water system, and security team, and cameras produced by EyeOn Security Systems.
Defenshield is a global supplier of engineered glass and armor ballistic solutions. Its products are widely used in combat in Iraq and Afghanistan as well as at entry control points on military posts throughout the United States and the world.
International Maritime Security Network's mission is to detect, deter and defend against maritime threats worldwide. IMSN training prepares clients to efficiently detect and intelligently evaluate potential threats, and imparts the practical knowledge, tactical capability and invaluable sense of responsibility to provide for smarter security, secure clients and safer seas. For more information, visit www.imsn.us or call (724) 356-4676.
Defenshield Inc. is a veteran-owned, SBA-certified small business specializing in armor systems for law enforcement, public security, homeland defense and the military. The Defenshield product line offers the highest level of security, defeating armor-piercing weaponry, assault and sniper rifles, as well as handgun and shotgun rounds. For more information, visit www.defenshield.com or call (800) 650-2921.
Universal Detection Technology Brings Anthrax Detection Kits and Bioterrorism Prevention Training to Milipol Paris 2009
Recent Report by U.S. Led Commission on Prevention of Weapons of Mass Destruction Proliferation and Terrorism Reveals Growing Threat of Bio-Weapons; International Security Community to Witness Latest in First Responder Technology
Universal Detection Technology ~ October 30, 2009
LOS ANGELES, CA--(Marketwire - 10/30/09) - Universal Detection Technology (www.udetection.com) (OTC.BB:UNDT - News), a developer of early-warning monitoring technologies and counter-terrorism training programs to protect people from bioterrorism and other infectious health threats, announced today that it will showcase the latest developments in bio-weapons detection technology, including the TS-10-5-agent biodetection kit, at Milipol Paris 2009.
"Our presence at Milipol comes at a time when international security experts are admonishing government agencies to be prepared for the real threat of a bioterrorism attack," said Jacques Tizabi, CEO of Universal Detection Technology. "Bio-weapon detection should be a top priority for all public entities, because for terrorists, they can be purchased or engineered at relatively low costs, can induce mass casualties and are oftentimes undetected by on-the-ground law enforcement," continued Tizabi.
The Commission on Prevention of Weapons of Mass Destruction Proliferation and Terrorism, assembled by the United States Congress post 9/11, issued an interim report last week that called bioterrorism the "most urgent threat" facing the United States. The report said that national security for anti-bioterrorism programs and "appropriate disease surveillance" were severely underfunded and neglected.
"There are bio-weapon monitoring tools immediately available for public and private entities, easy to implement and cost effective," said Tizabi. "Universal Detection Technology's biodetection kits are the first step in meeting the needs of bioterrorism prevention and planning," continued Tizabi.
Universal Detection Technology's kits, certified earlier this year by the U.S. Department of Homeland Security as an "Approved Product for Homeland Security," are the industry's only hand-held assay designed to detect and identify up to five separate threats using one sample in a single, easy-to-use device. The kits equip first responders with an effective tool for the rapid onsite detection of up to five biological warfare agents: anthrax, ricin, botulinum toxin, Y. pestis (plague) and Staphylococcal Enterotoxin B (SEB). Detection time is under three minutes.
Universal Detection Technology will showcase its TS-10-5-agent biodetection kit with live and taped demonstrations at booth #11K059 at Milipol Paris 2009, held November 17 - 21, 2009. Members of UNDT's executive team, including R&D and business development, will be present to answer questions about the products and the company.
Prior to Milipol Paris 2009, Universal Detection Technology will be presenting its biodetection kits to the 2012 London Olympics organizers at the 2009 Terrorism & Security Conference, to be held in London November 17th and 18th.
UNDT has also recently signed agreements with the U.S. Department of Commerce to be the featured exporter of bioterrorism detection equipment in France and South Korea.
For more information, please visit www.udetection.com or email info@udetection.com.
About Universal Detection Technology
Universal Detection Technology is a developer of monitoring technologies, including bioterrorism detection devices. The company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. For example, Universal Detection Technology, in cooperation with NASA, has developed a bacterial spore detector that detects certain biohazard substances. The company is also a reseller of handheld assays used for detection of five bioterrorism agents, radiation detection systems and antimicrobial products. www.udetection.com.
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
Contact:
Stefan Pollack/Jonathan Younger
The Pollack PR Marketing Group
310-556-4443
Email Contact
Email Contactor
Company Contact:
Jacques Tizabi
310-248-3655
Email Contact
Universal Detection Technology ~ October 30, 2009
LOS ANGELES, CA--(Marketwire - 10/30/09) - Universal Detection Technology (www.udetection.com) (OTC.BB:UNDT - News), a developer of early-warning monitoring technologies and counter-terrorism training programs to protect people from bioterrorism and other infectious health threats, announced today that it will showcase the latest developments in bio-weapons detection technology, including the TS-10-5-agent biodetection kit, at Milipol Paris 2009.
"Our presence at Milipol comes at a time when international security experts are admonishing government agencies to be prepared for the real threat of a bioterrorism attack," said Jacques Tizabi, CEO of Universal Detection Technology. "Bio-weapon detection should be a top priority for all public entities, because for terrorists, they can be purchased or engineered at relatively low costs, can induce mass casualties and are oftentimes undetected by on-the-ground law enforcement," continued Tizabi.
The Commission on Prevention of Weapons of Mass Destruction Proliferation and Terrorism, assembled by the United States Congress post 9/11, issued an interim report last week that called bioterrorism the "most urgent threat" facing the United States. The report said that national security for anti-bioterrorism programs and "appropriate disease surveillance" were severely underfunded and neglected.
"There are bio-weapon monitoring tools immediately available for public and private entities, easy to implement and cost effective," said Tizabi. "Universal Detection Technology's biodetection kits are the first step in meeting the needs of bioterrorism prevention and planning," continued Tizabi.
Universal Detection Technology's kits, certified earlier this year by the U.S. Department of Homeland Security as an "Approved Product for Homeland Security," are the industry's only hand-held assay designed to detect and identify up to five separate threats using one sample in a single, easy-to-use device. The kits equip first responders with an effective tool for the rapid onsite detection of up to five biological warfare agents: anthrax, ricin, botulinum toxin, Y. pestis (plague) and Staphylococcal Enterotoxin B (SEB). Detection time is under three minutes.
Universal Detection Technology will showcase its TS-10-5-agent biodetection kit with live and taped demonstrations at booth #11K059 at Milipol Paris 2009, held November 17 - 21, 2009. Members of UNDT's executive team, including R&D and business development, will be present to answer questions about the products and the company.
Prior to Milipol Paris 2009, Universal Detection Technology will be presenting its biodetection kits to the 2012 London Olympics organizers at the 2009 Terrorism & Security Conference, to be held in London November 17th and 18th.
UNDT has also recently signed agreements with the U.S. Department of Commerce to be the featured exporter of bioterrorism detection equipment in France and South Korea.
For more information, please visit www.udetection.com or email info@udetection.com.
About Universal Detection Technology
Universal Detection Technology is a developer of monitoring technologies, including bioterrorism detection devices. The company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. For example, Universal Detection Technology, in cooperation with NASA, has developed a bacterial spore detector that detects certain biohazard substances. The company is also a reseller of handheld assays used for detection of five bioterrorism agents, radiation detection systems and antimicrobial products. www.udetection.com.
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
Contact:
Stefan Pollack/Jonathan Younger
The Pollack PR Marketing Group
310-556-4443
Email Contact
Email Contactor
Company Contact:
Jacques Tizabi
310-248-3655
Email Contact
MoneyTV with Donald Baillargeon, 10/30
MoneyTV; Xsunx, Inc.; Universal Detection Technology; Platinum Studios, Inc.; Lucas Energy, Inc.; Brewer Investment Group ~ Friday October 30, 2009
LOS ANGELES, CA--(Marketwire - 10/30/09) - Solar power's burgeoning growth, Hollywood studio on the rise, detecting bioterrorism at the Olympics, Forex, domestic oil production; this week on MoneyTV, hosted by anchor Donald Baillargeon. MoneyTV is the internationally syndicated television program all about money and what makes it happen (http://www.moneytv.net), featuring informative interviews with company CEOs, providing insights into their operations and outlooks for their futures.
Free information packages from the featured companies can be requested by sending an email to info@moneytv.net.
The television program can also be viewed online immediately at www.moneytv.net.
Featured companies on this week's program include:
XsunX, Inc. (OTC.BB:XSNX - News) CEO Tom Djokovich talked about the growth of the solar industry as evidenced by the Solar Power International show he attended in Anaheim and reported on the progress the company has made with its new thin film manufacturing process, expecting a working sample by year's end.
Universal Detection Technology (OTC.BB:UNDT - News) CEO Jacques Tizabi announced the company would be traveling to London to present their bio-terrorism detection technology to the 2012 London Olympics.
Platinum Studios, Inc. (OTC.BB:PDOS - News) COO Brian Altounian talked about the status of existing film projects, announced new deals in the works and offered a perspective of the company's value in the wake of Disney's $4 billion buyout of Marvel.
Brewer Investment Group Chief Market Analyst Jim Hyerczyk analyzed the U.S. dollar's roller coaster week.
Lucas Energy, Inc. (AMEX:LEI - News) CEO William Sawyer discussed details behind the company's most recent press release.
Viewers of MoneyTV can receive free information in the mail about featured companies by calling the toll-free phone number on their TV screen. The weekly television program debuted in 1996 and is broadcast nationally in the USA to 70 million U.S. homes on Saturdays at 11:00 AM ET, Sundays at 8:30 AM PT, 8:30 AM ET, 9:30 AM ET, 3:30 PM ET and Mondays at 6:30 PM ET.
MoneyTV is also broadcast to 48 million TV homes in Western Europe, the 21 Caribbean Territories on CaribVision Network and in Asia on Familyland Network.
A complete menu of TV listings is available at the MoneyTV web site, http://www.moneytv.net.
MoneyTV Executive Producer and Anchor Don Baillargeon is also the host of the radio program MoneyRap Radio, http://www.moneyrap.com and the television show Health This Week, http://www.healththisweek.com. For more information about Don, visit http://www.donaldbaillargeon.com.
MoneyTV television program, Copyright MMIX all rights reserved. MoneyTV does not provide an analysis of companies' financial positions and is not soliciting to purchase or sell securities of the companies, nor are we offering a recommendation of featured companies or their stocks. Information discussed herein has been provided by the companies and should be verified independently with the companies and a securities analyst. MoneyTV provides companies a 3 to 4 month corporate profile with multiple appearances for a cash fee of $11,500.00 to $17,250.00, does not accept company stock as payment for services, does not hold any positions, options or warrants in featured companies. The information herein is not an endorsement by Donald Baillargeon, the producers, publisher or parent company of MoneyTV.
Contact:
Donald Baillargeon
Executive Producer
MoneyTV
949 388 5267
Info@moneytv.net
LOS ANGELES, CA--(Marketwire - 10/30/09) - Solar power's burgeoning growth, Hollywood studio on the rise, detecting bioterrorism at the Olympics, Forex, domestic oil production; this week on MoneyTV, hosted by anchor Donald Baillargeon. MoneyTV is the internationally syndicated television program all about money and what makes it happen (http://www.moneytv.net), featuring informative interviews with company CEOs, providing insights into their operations and outlooks for their futures.
Free information packages from the featured companies can be requested by sending an email to info@moneytv.net.
The television program can also be viewed online immediately at www.moneytv.net.
Featured companies on this week's program include:
XsunX, Inc. (OTC.BB:XSNX - News) CEO Tom Djokovich talked about the growth of the solar industry as evidenced by the Solar Power International show he attended in Anaheim and reported on the progress the company has made with its new thin film manufacturing process, expecting a working sample by year's end.
Universal Detection Technology (OTC.BB:UNDT - News) CEO Jacques Tizabi announced the company would be traveling to London to present their bio-terrorism detection technology to the 2012 London Olympics.
Platinum Studios, Inc. (OTC.BB:PDOS - News) COO Brian Altounian talked about the status of existing film projects, announced new deals in the works and offered a perspective of the company's value in the wake of Disney's $4 billion buyout of Marvel.
Brewer Investment Group Chief Market Analyst Jim Hyerczyk analyzed the U.S. dollar's roller coaster week.
Lucas Energy, Inc. (AMEX:LEI - News) CEO William Sawyer discussed details behind the company's most recent press release.
Viewers of MoneyTV can receive free information in the mail about featured companies by calling the toll-free phone number on their TV screen. The weekly television program debuted in 1996 and is broadcast nationally in the USA to 70 million U.S. homes on Saturdays at 11:00 AM ET, Sundays at 8:30 AM PT, 8:30 AM ET, 9:30 AM ET, 3:30 PM ET and Mondays at 6:30 PM ET.
MoneyTV is also broadcast to 48 million TV homes in Western Europe, the 21 Caribbean Territories on CaribVision Network and in Asia on Familyland Network.
A complete menu of TV listings is available at the MoneyTV web site, http://www.moneytv.net.
MoneyTV Executive Producer and Anchor Don Baillargeon is also the host of the radio program MoneyRap Radio, http://www.moneyrap.com and the television show Health This Week, http://www.healththisweek.com. For more information about Don, visit http://www.donaldbaillargeon.com.
MoneyTV television program, Copyright MMIX all rights reserved. MoneyTV does not provide an analysis of companies' financial positions and is not soliciting to purchase or sell securities of the companies, nor are we offering a recommendation of featured companies or their stocks. Information discussed herein has been provided by the companies and should be verified independently with the companies and a securities analyst. MoneyTV provides companies a 3 to 4 month corporate profile with multiple appearances for a cash fee of $11,500.00 to $17,250.00, does not accept company stock as payment for services, does not hold any positions, options or warrants in featured companies. The information herein is not an endorsement by Donald Baillargeon, the producers, publisher or parent company of MoneyTV.
Contact:
Donald Baillargeon
Executive Producer
MoneyTV
949 388 5267
Info@moneytv.net
A New Audio Interview with President and CEO, Josef Obermeier, of The Mundus Group, Inc. is Now Available at SmallCapVoice.com
SmallCapVoice.com, Inc. ~ October 30, 2009
AUSTIN, Texas--(BUSINESS WIRE)--SmallCapVoice.com, Inc. announced today that a new audio interview featuring The Mundus Group, Inc. (Pink Sheets: MNDP - News) is now available. The interview can be heard at http://smallcapvoice.com/blog/tag/mndp/.
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its clients' financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like stock charts, stock alerts, and investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets. To learn more about SmallCapVoice.com and their services, please visit http://www.smallcapvoice.com/services.html.
About The Mundus Group, Inc.
The Mundus Group, Inc. is an advanced aerospace technology consortium providing patented Vertical Take Off and Landing (VTOL) technology for experimental aircraft and Unmanned Air Vehicles (UAV) since 1990 through its fully owned VTOL division, Roadable Aircraft International (RAI).
Mundus is at the cutting edge of jet turbine-ducted fan technology and fuses state of the art design engineering and a prototyping facility with computer assisted auto flight technologies, Remote Controlled (RC) and composite technologies industry segments.
From US Navy co-developed UAVs for aerial observation and environmental testing to advanced VTOL aerospace technology for civilian and military uses, Mundus Group, Inc. is developing revolutionary products with global potential for change that offers economic protection and growth opportunities for investors.
This news announcement may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance and achievements of the company to be materially different from any future results, performance or achievements expressed or implied, and are subject to those risks discussed in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2008, as amended, and other reports and amendments thereto filed with Securities and Exchange Commission which are available for review at www.sec.gov.
Contact:
SmallCapVoice.com, Inc.
Stuart T. Smith,
512-267-2430
info@smallcapvoice.com
AUSTIN, Texas--(BUSINESS WIRE)--SmallCapVoice.com, Inc. announced today that a new audio interview featuring The Mundus Group, Inc. (Pink Sheets: MNDP - News) is now available. The interview can be heard at http://smallcapvoice.com/blog/tag/mndp/.
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its clients' financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like stock charts, stock alerts, and investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets. To learn more about SmallCapVoice.com and their services, please visit http://www.smallcapvoice.com/services.html.
About The Mundus Group, Inc.
The Mundus Group, Inc. is an advanced aerospace technology consortium providing patented Vertical Take Off and Landing (VTOL) technology for experimental aircraft and Unmanned Air Vehicles (UAV) since 1990 through its fully owned VTOL division, Roadable Aircraft International (RAI).
Mundus is at the cutting edge of jet turbine-ducted fan technology and fuses state of the art design engineering and a prototyping facility with computer assisted auto flight technologies, Remote Controlled (RC) and composite technologies industry segments.
From US Navy co-developed UAVs for aerial observation and environmental testing to advanced VTOL aerospace technology for civilian and military uses, Mundus Group, Inc. is developing revolutionary products with global potential for change that offers economic protection and growth opportunities for investors.
This news announcement may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance and achievements of the company to be materially different from any future results, performance or achievements expressed or implied, and are subject to those risks discussed in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2008, as amended, and other reports and amendments thereto filed with Securities and Exchange Commission which are available for review at www.sec.gov.
Contact:
SmallCapVoice.com, Inc.
Stuart T. Smith,
512-267-2430
info@smallcapvoice.com
Aruba Networks Ranked 17th Fastest Growing Company in North America on Deloitte's 2009 Technology Fast 500(TM)
Rapid Revenue Growth Driven by Best-in-Class Customer Support, Delivered Value of Solutions, and Technological Innovation
Aruba Networks, Inc. ~ October 30, 2009
SUNNYVALE, CA--(Marketwire - 10/30/09) - Aruba Networks, Inc. (NASDAQ:ARUN - News), a global leader in 802.11n wireless LANs and secure mobility solutions, today announced that it was ranked number 17 on Technology Fast 500(TM), Deloitte LLP's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. The ranking is based on fiscal year revenue growth during the five year period from 2004 to 2008. During this period Aruba's revenue grew to $178.26 million in 2008.
"Our growth has been fueled by an unwavering commitment to customer service, maximizing the delivered value of our solutions, and technological innovation," said Dominic Orr, Aruba's President and Chief Executive Officer. "These attributes have resonated with users, for whom our solutions have increased operating efficiency and productivity while cutting capital and operating expenses. As a result our market share has climbed, positioning Aruba as the world's second largest enterprise wireless LAN vendor with an installed base of over 8,000 customers."
"Technology Fast 500 recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth," said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. "We congratulate Aruba on this accomplishment."
"With its impressive five-year growth, Aruba has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America," said Mark Jensen, Managing Partner, Technology and Venture Capital Services, Deloitte & Touche LLP. "Deloitte is proud to honor Aruba for its achievement."
Overall, Technology Fast 500 award winners for 2009 had growth rates ranging from 212 to 146,050 percent over five years, with an average growth rate of 2,486 percent.
Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500 Web site, and public company database research conducted by Deloitte. Technology Fast 500 award winners for 2009 are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. Using other companies' technology or intellectual property in a unique way does not satisfy this requirement. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues.
Technology Fast 500 award eligibility requirements also include base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About Aruba Networks
People move. Networks must follow. Aruba securely delivers networks to users, wherever they work or roam, using a combination of award-winning solutions:
-- Adaptive 802.11n Wi-Fi networks optimize themselves to ensure that
users are always within reach of mission-critical information. Rightsizing
expensive wired LANs by replacing them with high-speed 802.11n Wi-Fi
reduces both capital and operating expenses;
-- Identity-based security assigns access policies to users, enforcing
those policies whenever and wherever a network is accessed;
-- Remote networking solutions for branch offices, fixed telecommuters,
and satellite facilities ensures uninterrupted remote access to
applications;
-- Multi-vendor network management provides a single point of control
while managing both legacy and new wireless networks from Aruba and its
competitors.
The cost, convenience, and security benefits of our secure mobility solutions are fundamentally changing how and where we work. Listed on the NASDAQ and Russell 2000� Index, Aruba is based in Sunnyvale, California, and has operations throughout the Americas, Europe, Middle East, and Asia Pacific regions. To learn more, visit Aruba at http://www.arubanetworks.com. For real-time news updates follow Aruba on Twitter at http://twitter.com/ArubaNetworks.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about
for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
� 2009 Aruba Networks, Inc. AirWave�, Aruba Networks�, Aruba Mobility Management System�, Bluescanner, For Wireless That Works�, Mobile Edge Architecture, People Move. Networks Must Follow., RFProtect, The All Wireless Workplace Is Now Open For Business, Green Island, and The Mobile Edge Company� are trademarks of Aruba Networks, Inc. All rights reserved. All other trademarks are the property of their respective owners.
Contact:
Media Contacts:
Michael Tennefoss
Aruba Networks, Inc.
+1-408-754-8034
mtennefoss@arubanetworks.com
Patty Oien
Breakaway Communications
+1-415-358-2482
poien@breakawaycom.com
Aruba Networks, Inc. ~ October 30, 2009
SUNNYVALE, CA--(Marketwire - 10/30/09) - Aruba Networks, Inc. (NASDAQ:ARUN - News), a global leader in 802.11n wireless LANs and secure mobility solutions, today announced that it was ranked number 17 on Technology Fast 500(TM), Deloitte LLP's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. The ranking is based on fiscal year revenue growth during the five year period from 2004 to 2008. During this period Aruba's revenue grew to $178.26 million in 2008.
"Our growth has been fueled by an unwavering commitment to customer service, maximizing the delivered value of our solutions, and technological innovation," said Dominic Orr, Aruba's President and Chief Executive Officer. "These attributes have resonated with users, for whom our solutions have increased operating efficiency and productivity while cutting capital and operating expenses. As a result our market share has climbed, positioning Aruba as the world's second largest enterprise wireless LAN vendor with an installed base of over 8,000 customers."
"Technology Fast 500 recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth," said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. "We congratulate Aruba on this accomplishment."
"With its impressive five-year growth, Aruba has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America," said Mark Jensen, Managing Partner, Technology and Venture Capital Services, Deloitte & Touche LLP. "Deloitte is proud to honor Aruba for its achievement."
Overall, Technology Fast 500 award winners for 2009 had growth rates ranging from 212 to 146,050 percent over five years, with an average growth rate of 2,486 percent.
Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500 Web site, and public company database research conducted by Deloitte. Technology Fast 500 award winners for 2009 are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. Using other companies' technology or intellectual property in a unique way does not satisfy this requirement. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues.
Technology Fast 500 award eligibility requirements also include base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About Aruba Networks
People move. Networks must follow. Aruba securely delivers networks to users, wherever they work or roam, using a combination of award-winning solutions:
-- Adaptive 802.11n Wi-Fi networks optimize themselves to ensure that
users are always within reach of mission-critical information. Rightsizing
expensive wired LANs by replacing them with high-speed 802.11n Wi-Fi
reduces both capital and operating expenses;
-- Identity-based security assigns access policies to users, enforcing
those policies whenever and wherever a network is accessed;
-- Remote networking solutions for branch offices, fixed telecommuters,
and satellite facilities ensures uninterrupted remote access to
applications;
-- Multi-vendor network management provides a single point of control
while managing both legacy and new wireless networks from Aruba and its
competitors.
The cost, convenience, and security benefits of our secure mobility solutions are fundamentally changing how and where we work. Listed on the NASDAQ and Russell 2000� Index, Aruba is based in Sunnyvale, California, and has operations throughout the Americas, Europe, Middle East, and Asia Pacific regions. To learn more, visit Aruba at http://www.arubanetworks.com. For real-time news updates follow Aruba on Twitter at http://twitter.com/ArubaNetworks.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about
for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
� 2009 Aruba Networks, Inc. AirWave�, Aruba Networks�, Aruba Mobility Management System�, Bluescanner, For Wireless That Works�, Mobile Edge Architecture, People Move. Networks Must Follow., RFProtect, The All Wireless Workplace Is Now Open For Business, Green Island, and The Mobile Edge Company� are trademarks of Aruba Networks, Inc. All rights reserved. All other trademarks are the property of their respective owners.
Contact:
Media Contacts:
Michael Tennefoss
Aruba Networks, Inc.
+1-408-754-8034
mtennefoss@arubanetworks.com
Patty Oien
Breakaway Communications
+1-415-358-2482
poien@breakawaycom.com
Thursday, October 29, 2009
Pentagon expects "healthy competition" for tanker
* Pentagon says will be a healthy competition for tanker
* Pentagon might try to scrap alternate F-35 engine again
WASHINGTON, Oct 28 (Reuters) - The Pentagon dismissed on Wednesday any suggestion that Northrop Grumman Corp (NOC.N) might boycott a multibillion-dollar contest to supply new aerial tanker planes to the U.S. Air Force.
"This is an extremely lucrative contract and I don't think we have any doubt that there will be a healthy competition to win it," Geoff Morrell, a Pentagon spokesman, told reporters at a news conference.
"I find that extraordinarily hard to believe," Morrell added, referring to Northrop's refusal earlier on Wednesday to rule out a boycott of the competition.
If Northrop dropped out of the bidding to replace the U.S. Air Force's aging tanker fleet, it would leave rival Boeing Co (BA.N) as the sole bidder.
The Pentagon is expected to release the final bidding terms in November and aims to award the contract by June.
Northrop, which won an earlier bidding contest for the contract, said it might take legal action over its allegation the U.S. government improperly gave rival Boeing sensitive bidding price information. Northrop and its partner, Airbus parent EADS (EAD.PA), say that gives Boeing an unfair advantage this time around.
On another topic, Morrell said Defense Secretary Robert Gates would reconsider the alternate engine built by General Electric Co (GE.N) and Rolls Royce Group Plc (RR.L).
Asked if Gates would again try to kill the second engine, Morrell said: "That is the discussion that is taking place between the secretary and his budget team as they go about building the FY 11 budget request." (Reporting by Jim Wolf; editing by Andre Grenon)
* Pentagon might try to scrap alternate F-35 engine again
WASHINGTON, Oct 28 (Reuters) - The Pentagon dismissed on Wednesday any suggestion that Northrop Grumman Corp (NOC.N) might boycott a multibillion-dollar contest to supply new aerial tanker planes to the U.S. Air Force.
"This is an extremely lucrative contract and I don't think we have any doubt that there will be a healthy competition to win it," Geoff Morrell, a Pentagon spokesman, told reporters at a news conference."I find that extraordinarily hard to believe," Morrell added, referring to Northrop's refusal earlier on Wednesday to rule out a boycott of the competition.
If Northrop dropped out of the bidding to replace the U.S. Air Force's aging tanker fleet, it would leave rival Boeing Co (BA.N) as the sole bidder.
The Pentagon is expected to release the final bidding terms in November and aims to award the contract by June.
Northrop, which won an earlier bidding contest for the contract, said it might take legal action over its allegation the U.S. government improperly gave rival Boeing sensitive bidding price information. Northrop and its partner, Airbus parent EADS (EAD.PA), say that gives Boeing an unfair advantage this time around.
On another topic, Morrell said Defense Secretary Robert Gates would reconsider the alternate engine built by General Electric Co (GE.N) and Rolls Royce Group Plc (RR.L).
Asked if Gates would again try to kill the second engine, Morrell said: "That is the discussion that is taking place between the secretary and his budget team as they go about building the FY 11 budget request." (Reporting by Jim Wolf; editing by Andre Grenon)
Lockheed Martin Adds F-35 Program Managers to Ensure Smooth Introduction Into Each Service
Lockheed Martin Aeronautics Company ~ October 28, 2009
FORT WORTH, Texas, Oct. 28 /PRNewswire-FirstCall/ -- The Lockheed Martin (NYSE: LMT - News) F-35 Lightning II team has established three new leadership positions to ensure a successful F-35 Initial Operational Capability (IOC) and introduction into U.S. military fleets. The new program managers, one each for the Air Force, Navy and Marine Corps, will provide a direct link between Lockheed Martin and the individual services.
James "Sandy" Sandstrom, a retired Air Force Major General and fighter pilot, has been named F-35 U.S. Air Force Program Manager, while Stephen Weatherspoon, a retired Navy Commander and fighter pilot, has been selected F-35 U.S. Navy Program Manager. The F-35 U.S. Marine Corps Program Manager will be announced later this year.
"Lockheed Martin recognizes that we need to deliver more than a contract or a specification-compliant system to achieve real mission success," said Dan Crowley, Lockheed Martin executive vice president and F-35 program general manager. "Service program managers are being selected to ensure each customer has a single point of entry into the program, accountable for successful fleet introduction and IOC."
F-35 IOCs for the Marine Corps, Air Force and Navy are 2012, 2013 and 2014 respectively.
The service program managers will interface directly with Naval and Air Force officers to help ensure successful completion of testing, prepare the fleet to receive the F-35, ensure logistics support, and provide support for the services' decision making on future modernization priorities. They also will work in full cooperation with the Joint Strike Fighter Program Office to ensure consistency of effort, and to reflect common program priorities.
Before taking on his new role, Sandstrom was Deputy Director of the F-16 Greece Program at Lockheed Martin. Prior to 2004, Sandstrom served 33 years in the Air Force. He graduated from the U.S. Air Force Academy in 1971 and received a Master of Science in Aeronautics and Astronautics from Purdue University in 1972. He was commander of the 19th Air Force, Air Education and Training Command, at Randolph Air Force Base, Texas, where he was responsible for the day-to-day flight training of approximately 2,000 U.S. and allied students. During his Air Force career, Sandstrom served as a fighter weapons instructor, Deputy Commander for Operations, and commanded a fighter squadron, a fighter wing and two composite wings. He held a variety of staff positions at major command, unified command, Air Staff and Secretary of the Air Force levels. He also served as Director of Operations, and subsequently, as Chief of Staff for Operation Enduring Freedom at Headquarters U.S. Central Command. Sandstrom is a command pilot with more than 3,400 hours, primarily in fighter aircraft.
Weatherspoon, a 1972 graduate of the U.S. Naval Academy, received his Master of Science in Engineering from Princeton University in 1973, graduated from the United States Air Force Test Pilot School in 1979, and received a Master of Arts degree from the U.S. Naval War College in 1990. In his 20-year Navy career, Weatherspoon flew more than 3,500 F-14 hours with over 900 carrier landings. He completed three operational tours with F-14 squadrons, culminating in the command of Fighter Squadron 143 aboard USS Eisenhower. Joining Lockheed Martin (then General Dynamics) in November 1992, Weatherspoon was responsible for a carrier-suitable design for the Navy's AFX Program. He has been associated with the JAST/JSF Program since its inception in 1993, leading Innovative Strike Concepts studies, proposals, technology assessments, test programs, and assuring F-35 design carrier suitability. He led JSF Navy Business Development efforts from 1996 to 2003, when he was assigned the as F-35 Deputy Chief Engineer for Operational Effectiveness and Suitability. In 2007, Weatherspoon was selected as Director, F-35 Air System Integration, responsible for the overall System Engineering, Requirements, Mission Effectiveness and Survivability, System Security and Verification aspects of the program.
The F-35 Lightning II is a 5th generation fighter, combining advanced stealth with fighter speed and agility, fully-fused sensor information, network-enabled operations, and lower operational and support costs. Lockheed Martin is developing the F-35 with its principal industrial partners, Northrop Grumman and BAE Systems. Two separate, interchangeable F-35 engines are under development: the Pratt & Whitney F135 and the GE Rolls-Royce Fighter Engine Team F136.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
For additional information, visit our website:
http://www.lockheedmartin.com
FORT WORTH, Texas, Oct. 28 /PRNewswire-FirstCall/ -- The Lockheed Martin (NYSE: LMT - News) F-35 Lightning II team has established three new leadership positions to ensure a successful F-35 Initial Operational Capability (IOC) and introduction into U.S. military fleets. The new program managers, one each for the Air Force, Navy and Marine Corps, will provide a direct link between Lockheed Martin and the individual services.
James "Sandy" Sandstrom, a retired Air Force Major General and fighter pilot, has been named F-35 U.S. Air Force Program Manager, while Stephen Weatherspoon, a retired Navy Commander and fighter pilot, has been selected F-35 U.S. Navy Program Manager. The F-35 U.S. Marine Corps Program Manager will be announced later this year."Lockheed Martin recognizes that we need to deliver more than a contract or a specification-compliant system to achieve real mission success," said Dan Crowley, Lockheed Martin executive vice president and F-35 program general manager. "Service program managers are being selected to ensure each customer has a single point of entry into the program, accountable for successful fleet introduction and IOC."
F-35 IOCs for the Marine Corps, Air Force and Navy are 2012, 2013 and 2014 respectively.
The service program managers will interface directly with Naval and Air Force officers to help ensure successful completion of testing, prepare the fleet to receive the F-35, ensure logistics support, and provide support for the services' decision making on future modernization priorities. They also will work in full cooperation with the Joint Strike Fighter Program Office to ensure consistency of effort, and to reflect common program priorities.
Before taking on his new role, Sandstrom was Deputy Director of the F-16 Greece Program at Lockheed Martin. Prior to 2004, Sandstrom served 33 years in the Air Force. He graduated from the U.S. Air Force Academy in 1971 and received a Master of Science in Aeronautics and Astronautics from Purdue University in 1972. He was commander of the 19th Air Force, Air Education and Training Command, at Randolph Air Force Base, Texas, where he was responsible for the day-to-day flight training of approximately 2,000 U.S. and allied students. During his Air Force career, Sandstrom served as a fighter weapons instructor, Deputy Commander for Operations, and commanded a fighter squadron, a fighter wing and two composite wings. He held a variety of staff positions at major command, unified command, Air Staff and Secretary of the Air Force levels. He also served as Director of Operations, and subsequently, as Chief of Staff for Operation Enduring Freedom at Headquarters U.S. Central Command. Sandstrom is a command pilot with more than 3,400 hours, primarily in fighter aircraft.
Weatherspoon, a 1972 graduate of the U.S. Naval Academy, received his Master of Science in Engineering from Princeton University in 1973, graduated from the United States Air Force Test Pilot School in 1979, and received a Master of Arts degree from the U.S. Naval War College in 1990. In his 20-year Navy career, Weatherspoon flew more than 3,500 F-14 hours with over 900 carrier landings. He completed three operational tours with F-14 squadrons, culminating in the command of Fighter Squadron 143 aboard USS Eisenhower. Joining Lockheed Martin (then General Dynamics) in November 1992, Weatherspoon was responsible for a carrier-suitable design for the Navy's AFX Program. He has been associated with the JAST/JSF Program since its inception in 1993, leading Innovative Strike Concepts studies, proposals, technology assessments, test programs, and assuring F-35 design carrier suitability. He led JSF Navy Business Development efforts from 1996 to 2003, when he was assigned the as F-35 Deputy Chief Engineer for Operational Effectiveness and Suitability. In 2007, Weatherspoon was selected as Director, F-35 Air System Integration, responsible for the overall System Engineering, Requirements, Mission Effectiveness and Survivability, System Security and Verification aspects of the program.
The F-35 Lightning II is a 5th generation fighter, combining advanced stealth with fighter speed and agility, fully-fused sensor information, network-enabled operations, and lower operational and support costs. Lockheed Martin is developing the F-35 with its principal industrial partners, Northrop Grumman and BAE Systems. Two separate, interchangeable F-35 engines are under development: the Pratt & Whitney F135 and the GE Rolls-Royce Fighter Engine Team F136.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
For additional information, visit our website:
http://www.lockheedmartin.com
Danner Launches New Website with Multimedia
Ecommerce is Made Simpler with Improved Product Imagery and Navigation Tools
Source: Danner ~ October 28, 2009
PORTLAND, Ore.--(BUSINESS WIRE)--Danner, a leading provider of premium, branded work and outdoor recreational footwear, announced today that it has recently launched a new website (www.danner.com) which provides improved customer service and enhances the consumers experience with the brand. Danner tells its unique point of view through multimedia, rich imagery, improved navigation and increased user generated content.
Visitors are now rewarded with compelling video and more detailed product imagery throughout the site. “We installed new filtering tools to improve product navigation. Consumers can now find the exact product they’re looking for based on activity, features, climate, color, height and fit. We even thought about the long footed man – making it much faster to find size 15 Danner boots,” says Micah Davis, Ecommerce Manager at Danner Footwear. “The updated look and feel, and site layout is designed to simplify the user experience even though we are featuring more content than ever before.”
Consumer stories detail real-life experience with the product. The featured homepage story is a must read! “Now 29 Years Later I Have Proven My Wife Very Wrong…” Other consumer experiences include “My Danner Boots vs. The Drunk,” “Quality In A Name,” “Second Tour In Iraq” and “Make Or Break My Name.” To experience Danner is to experience a lifetime foot-to-boot relationship. After years upon years of abuse, longtime wearers can avoid tossing their favorite boots into landfills by utilizing Danner’s Recrafting Department located within the Portland, Oregon factory. Many Danner boots can be resoled and reworked to go even further.
Recognizing the importance of trying product on, the new site layout makes it much easier to find a store by city and zip code. Visitors are also given the option to order product direct from Danner with free shipping and free returns within the continental U.S. (does not include AK and HI).
Film and video communicate Danner’s unique hands on approach for crafting higher standards – from hand cutting and grading leather to high quality components and materials such as the Vibram® outsole and GORE-TEX® lining. The HD video, found on the homepage, brilliantly shares the boot maker’s pleasure and pride in craftsmanship. The video can easily be shared by a simple ‘click of the mouse’ via email and social networks on Facebook, Twitter and MySpace.
About Danner
Danner is a wholly owned brand operated by LaCrosse Footwear, Inc. (Nasdaq: BOOT - News). The company’s trusted Danner® and LaCrosse® brands are sold to a network of specialty retailers, sporting goods, online retailers and distributors in the United States, Canada, Europe and Asia. Work customers include people in law enforcement, transportation, mining, oil and gas exploration and extraction, construction, military services and other occupations that require high-performance and protective footwear as a critical tool for the job. Outdoor recreation customers include people active in hunting, hiking, ice fishing and other outdoor recreational activities. For more information about Danner footwear and accessories, please visit our new website at www.danner.com.
Contact:
Danner
Executive VP and CFO
David Carlson,
503-262-0110 ext. 1331
or
Media Relations
Paul Curran,
503-686-8928
pcurran@danner.com
Source: Danner ~ October 28, 2009
PORTLAND, Ore.--(BUSINESS WIRE)--Danner, a leading provider of premium, branded work and outdoor recreational footwear, announced today that it has recently launched a new website (www.danner.com) which provides improved customer service and enhances the consumers experience with the brand. Danner tells its unique point of view through multimedia, rich imagery, improved navigation and increased user generated content.
Visitors are now rewarded with compelling video and more detailed product imagery throughout the site. “We installed new filtering tools to improve product navigation. Consumers can now find the exact product they’re looking for based on activity, features, climate, color, height and fit. We even thought about the long footed man – making it much faster to find size 15 Danner boots,” says Micah Davis, Ecommerce Manager at Danner Footwear. “The updated look and feel, and site layout is designed to simplify the user experience even though we are featuring more content than ever before.”
Consumer stories detail real-life experience with the product. The featured homepage story is a must read! “Now 29 Years Later I Have Proven My Wife Very Wrong…” Other consumer experiences include “My Danner Boots vs. The Drunk,” “Quality In A Name,” “Second Tour In Iraq” and “Make Or Break My Name.” To experience Danner is to experience a lifetime foot-to-boot relationship. After years upon years of abuse, longtime wearers can avoid tossing their favorite boots into landfills by utilizing Danner’s Recrafting Department located within the Portland, Oregon factory. Many Danner boots can be resoled and reworked to go even further.
Recognizing the importance of trying product on, the new site layout makes it much easier to find a store by city and zip code. Visitors are also given the option to order product direct from Danner with free shipping and free returns within the continental U.S. (does not include AK and HI).
Film and video communicate Danner’s unique hands on approach for crafting higher standards – from hand cutting and grading leather to high quality components and materials such as the Vibram® outsole and GORE-TEX® lining. The HD video, found on the homepage, brilliantly shares the boot maker’s pleasure and pride in craftsmanship. The video can easily be shared by a simple ‘click of the mouse’ via email and social networks on Facebook, Twitter and MySpace.
About Danner
Danner is a wholly owned brand operated by LaCrosse Footwear, Inc. (Nasdaq: BOOT - News). The company’s trusted Danner® and LaCrosse® brands are sold to a network of specialty retailers, sporting goods, online retailers and distributors in the United States, Canada, Europe and Asia. Work customers include people in law enforcement, transportation, mining, oil and gas exploration and extraction, construction, military services and other occupations that require high-performance and protective footwear as a critical tool for the job. Outdoor recreation customers include people active in hunting, hiking, ice fishing and other outdoor recreational activities. For more information about Danner footwear and accessories, please visit our new website at www.danner.com.
Contact:
Danner
Executive VP and CFO
David Carlson,
503-262-0110 ext. 1331
or
Media Relations
Paul Curran,
503-686-8928
pcurran@danner.com
ATK's First Stage Successfully Launches NASA's Ares I-X Flight Test
Culminating Four Years of Progress, Historic Test Demonstrates Long-Term Strategic Architecture, Unmatched Crew Safety
Flight Test Critical First Step to Launching NASA's Future in Human Spaceflight
ATK ~ October 28, 2009
MINNEAPOLIS, Oct. 28 /PRNewswire-FirstCall/ -- Alliant Techsystems' (NYSE: ATK - News) first stage ignited today at 11:30 a.m., launching the Ares I-X flight test for NASA and igniting the next generation in American spaceflight. The Ares I is designed to be the safest rocket ever developed to deliver humans to space.
"The successful launch of the Ares I-X continues to demonstrate decades of flawless performance and the progress ATK and NASA have made to develop the most reliable and affordable family of solid rocket motors ever produced," said Blake Larson, ATK Space Systems president. "This flight provides critical data that can be tested only in a flight environment and will be a key building block for maturing the design of Ares I and developing Ares V."
The 177-foot-tall, 12-foot diameter first stage produced 3.3 million pounds of thrust to propel the vehicle from liftoff to stage separation 124 seconds into the flight. At 130,000 feet, the first stage parachutes deployed, enabling the spent booster to slow its descent prior to splashing down into the ocean where it will be recovered for reuse.
"This flight test is the culmination of four years of progress and is the critical first step to launching America beyond low earth orbit, signifying the beginning of a new era for the American space program," said Mike Kahn, ATK Space Systems executive vice president. "The Ares I architecture provides unmatched crew safety and performance for payload capacity, all while utilizing existing infrastructure."
The primary test objectives for the Ares I-X flight included demonstrating vehicle proof of concept, and vital flight performance early in design of the Ares I program. It also demonstrated effective vehicle integration, ground processing and launch operations.
The flight test of the Ares I-X brings America one step closer to the goals of sending humans beyond low Earth orbit for sustained exploration of multiple destinations throughout the Solar System. The launch is a critical milestone in the development of NASA's Constellation Program, which will also support missions to the International Space Station.
The Ares I-X First Stage is comprised of a four-segment Reusable Solid Rocket Motor (RSRM) originally produced for the Space Shuttle Program, and newly designed hardware including the frustum, forward skirt extension, forward skirt and a simulator representing the fifth segment that will fly on the Ares I vehicle. The solid rocket motor cases used for Ares I-X have collectively flown on 30 previous shuttle missions and will continue to be reused for the Ares program. The solid rocket motors were produced at ATK's facility in Promontory, Utah, and the new hardware was manufactured by Major Tool and Machine Inc. in Indianapolis, Ind., under a contract to ATK.
ATK and NASA have continually improved their techniques and processes to increase the safety and mission reliability of the RSRMs. These motors have undergone countless subscale material characterization tests that tie together complex analyses with hard data. They have also undergone 27 full-scale ground tests, including a successful test of the Ares I first stage five-segment development motor conducted last month.
ATK is the prime contractor for the first stage five-segment solid rocket motor and provides the main abort motor and attitude control motor for Orion's Launch Abort system.
ATK is a premier aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally, and revenues of approximately $4.8 billion. News and information can be found on the Internet at http://www.atk.com/.
Certain information discussed in this press release constitutes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Although ATK believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those factors are: the strategic, technical, budgetary, and scheduling goals of NASA's Constellation program; assumptions related to the design, safety and performance of the Ares program; changes in governmental spending, budgetary policies and product sourcing strategies; the company's competitive environment; the terms and timing of awards and contracts; and economic conditions. ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, please refer to ATK's most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange Commission.
Investor Contact:
Jeff Huebschen
Phone: 952-351-2929
E-mail: jeff.huebschen@atk.com
Flight Test Critical First Step to Launching NASA's Future in Human Spaceflight
ATK ~ October 28, 2009
MINNEAPOLIS, Oct. 28 /PRNewswire-FirstCall/ -- Alliant Techsystems' (NYSE: ATK - News) first stage ignited today at 11:30 a.m., launching the Ares I-X flight test for NASA and igniting the next generation in American spaceflight. The Ares I is designed to be the safest rocket ever developed to deliver humans to space.
"The successful launch of the Ares I-X continues to demonstrate decades of flawless performance and the progress ATK and NASA have made to develop the most reliable and affordable family of solid rocket motors ever produced," said Blake Larson, ATK Space Systems president. "This flight provides critical data that can be tested only in a flight environment and will be a key building block for maturing the design of Ares I and developing Ares V."
The 177-foot-tall, 12-foot diameter first stage produced 3.3 million pounds of thrust to propel the vehicle from liftoff to stage separation 124 seconds into the flight. At 130,000 feet, the first stage parachutes deployed, enabling the spent booster to slow its descent prior to splashing down into the ocean where it will be recovered for reuse.
"This flight test is the culmination of four years of progress and is the critical first step to launching America beyond low earth orbit, signifying the beginning of a new era for the American space program," said Mike Kahn, ATK Space Systems executive vice president. "The Ares I architecture provides unmatched crew safety and performance for payload capacity, all while utilizing existing infrastructure."
The primary test objectives for the Ares I-X flight included demonstrating vehicle proof of concept, and vital flight performance early in design of the Ares I program. It also demonstrated effective vehicle integration, ground processing and launch operations.
The flight test of the Ares I-X brings America one step closer to the goals of sending humans beyond low Earth orbit for sustained exploration of multiple destinations throughout the Solar System. The launch is a critical milestone in the development of NASA's Constellation Program, which will also support missions to the International Space Station.
The Ares I-X First Stage is comprised of a four-segment Reusable Solid Rocket Motor (RSRM) originally produced for the Space Shuttle Program, and newly designed hardware including the frustum, forward skirt extension, forward skirt and a simulator representing the fifth segment that will fly on the Ares I vehicle. The solid rocket motor cases used for Ares I-X have collectively flown on 30 previous shuttle missions and will continue to be reused for the Ares program. The solid rocket motors were produced at ATK's facility in Promontory, Utah, and the new hardware was manufactured by Major Tool and Machine Inc. in Indianapolis, Ind., under a contract to ATK.
ATK and NASA have continually improved their techniques and processes to increase the safety and mission reliability of the RSRMs. These motors have undergone countless subscale material characterization tests that tie together complex analyses with hard data. They have also undergone 27 full-scale ground tests, including a successful test of the Ares I first stage five-segment development motor conducted last month.
ATK is the prime contractor for the first stage five-segment solid rocket motor and provides the main abort motor and attitude control motor for Orion's Launch Abort system.
ATK is a premier aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally, and revenues of approximately $4.8 billion. News and information can be found on the Internet at http://www.atk.com/.
Certain information discussed in this press release constitutes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Although ATK believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those factors are: the strategic, technical, budgetary, and scheduling goals of NASA's Constellation program; assumptions related to the design, safety and performance of the Ares program; changes in governmental spending, budgetary policies and product sourcing strategies; the company's competitive environment; the terms and timing of awards and contracts; and economic conditions. ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, please refer to ATK's most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange Commission.
Investor Contact:
Jeff Huebschen
Phone: 952-351-2929
E-mail: jeff.huebschen@atk.com
Wednesday, October 28, 2009
UPDATE 2-Boeing picks S.Carolina for 2nd 787 assembly line
* Second site will allow Boeing to expand production
* Facility will have capability to support 787 tests
* Move is a blow to Seattle-area economy (Adds S.C. incentives, background, previous WASHINGTON)
SEATTLE, Oct 28 (Reuters) - Boeing Co (BA.N) selected South Carolina as the site of its second 787 final assembly plant on Wednesday as it plans to increase production of its newest plane away from its traditional Seattle-area base.
The first Boeing 787 Dreamliner sits on the assembly line at the company's Everett plant in Washington in this May 19, 2008 file photo. Pressure is mounting on Boeing , and its credibility may hang in the balance, as the aerospace giant races to meet a self-imposed deadline to fly its revolutionary new 787 Dreamliner by the end of 2009.
The move, which has been expected for some time, is a blow for the Puget Sound economy and a rebuff for the machinists' union in the region, which has struck against Boeing four times in the past 20 years.
Boeing is still struggling to get the first 787 into the air, almost a year and a half after the first one was supposed to be delivered, due to a series of production setbacks and a strike last year.
The company now expects the first test flight of the plane, dubbed the "Dreamliner," by the end of this year, and first delivery in the fourth quarter of 2010.
In addition to serving as a final assembly site, the facility in North Charleston, S.C. will be able to handle testing and delivery of the Dreamliner, Boeing said.
Boeing already owns a plant in Charleston that makes parts of the 787 fuselage, which it took over from its supplier Vought earlier this year.
Close by, a joint venture with Alenia, a unit of Italian aerospace firm Finmeccanica (SIFI.MI), puts together 787 fuselage sections and sends them to the main 787 assembly site at Everett, Washington to be assembled into planes.
South Carolina's The State newspaper reported that lawmakers approved at least $170 million in incentives to win the Boeing plant.
A Boeing spokeswoman declined comment on incentives or guaranteed levels of investment. She said only that Boeing planned to create "thousands" of new jobs in South Carolina.
Meanwhile, Boeing said the Puget Sound area would remain the headquarters of its commercial planes where they will continue to be designed and produced.
The major employer in the region since William E. Boeing set up his first airplane factory in Seattle in 1910, Boeing has had a rough time with the local workforce.
The International Association of Machinists and Aerospace Workers (IAM), which represents more than 20,000 Boeing workers, has called four major strikes in the last two decades, costing Boeing about 200 days of lost production.
The plant in South Carolina is not likely to be so disruptive. In September, machinists at Boeing's facility in Charleston voted against representation by the IAM. (Reporting by John Crawley and Bill Rigby; editing by Andre Grenon, Leslie Gevirtz)
* Facility will have capability to support 787 tests
* Move is a blow to Seattle-area economy (Adds S.C. incentives, background, previous WASHINGTON)
SEATTLE, Oct 28 (Reuters) - Boeing Co (BA.N) selected South Carolina as the site of its second 787 final assembly plant on Wednesday as it plans to increase production of its newest plane away from its traditional Seattle-area base.
The first Boeing 787 Dreamliner sits on the assembly line at the company's Everett plant in Washington in this May 19, 2008 file photo. Pressure is mounting on Boeing , and its credibility may hang in the balance, as the aerospace giant races to meet a self-imposed deadline to fly its revolutionary new 787 Dreamliner by the end of 2009.The move, which has been expected for some time, is a blow for the Puget Sound economy and a rebuff for the machinists' union in the region, which has struck against Boeing four times in the past 20 years.
Boeing is still struggling to get the first 787 into the air, almost a year and a half after the first one was supposed to be delivered, due to a series of production setbacks and a strike last year.
The company now expects the first test flight of the plane, dubbed the "Dreamliner," by the end of this year, and first delivery in the fourth quarter of 2010.
In addition to serving as a final assembly site, the facility in North Charleston, S.C. will be able to handle testing and delivery of the Dreamliner, Boeing said.
Boeing already owns a plant in Charleston that makes parts of the 787 fuselage, which it took over from its supplier Vought earlier this year.
Close by, a joint venture with Alenia, a unit of Italian aerospace firm Finmeccanica (SIFI.MI), puts together 787 fuselage sections and sends them to the main 787 assembly site at Everett, Washington to be assembled into planes.
South Carolina's The State newspaper reported that lawmakers approved at least $170 million in incentives to win the Boeing plant.
A Boeing spokeswoman declined comment on incentives or guaranteed levels of investment. She said only that Boeing planned to create "thousands" of new jobs in South Carolina.
Meanwhile, Boeing said the Puget Sound area would remain the headquarters of its commercial planes where they will continue to be designed and produced.
The major employer in the region since William E. Boeing set up his first airplane factory in Seattle in 1910, Boeing has had a rough time with the local workforce.
The International Association of Machinists and Aerospace Workers (IAM), which represents more than 20,000 Boeing workers, has called four major strikes in the last two decades, costing Boeing about 200 days of lost production.
The plant in South Carolina is not likely to be so disruptive. In September, machinists at Boeing's facility in Charleston voted against representation by the IAM. (Reporting by John Crawley and Bill Rigby; editing by Andre Grenon, Leslie Gevirtz)
Lockheed Martin's Aegis Ballistic Missile Defense System Defeats Ballistic Missile Target in Japanese Test
Lockheed Martin ~ October 28, 2009
KAUAI, Hawaii, Oct. 28 /PRNewswire/ -- JS Myoko, Japan's third destroyer equipped with Lockheed Martin's (NYSE: LMT - News) Aegis Ballistic Missile Defense (BMD) system, successfully intercepted and destroyed a ballistic missile target above the atmosphere during a test event today. The test marked the 20th successful ballistic missile intercept by the system.
JS Myoko guided a Standard Missile (SM)-3 Block IA missile to intercept the separating medium range ballistic missile target outside the Earth's atmosphere.
Two U.S. Navy Aegis BMD ships, USS Lake Erie and USS Paul Hamilton, also participated in today's test. USS Paul Hamilton tracked the target and performed a simulated engagement. USS Lake Erie, equipped with the next generation Aegis BMD Weapon System -- designated BMD 4.0.1, which provides additional target discrimination capability -- tracked the missile target and post-intercept debris using its advanced signal processor. Full operational certification of BMD 4.0.1 is expected in 2011.
"This is the first Aegis BMD flight test conducted with two versions of the U.S. Navy Aegis BMD baselines and a Japanese destroyer," said Orlando Carvalho, vice president and general manager of Lockheed Martin's Surface-Sea Based Missile Defense line of business. "These events demonstrate the Aegis development success of build a little, test a little, learn a lot as well as the flexibility of the systems to evolve and keep pace with the threat to control the battlespace."
The Missile Defense Agency and the U.S. Navy are jointly developing Aegis BMD as part of the United States' Ballistic Missile Defense System (BMDS). The Navy's independent operational test agent has assessed the Aegis BMD and SM-3 Block IA system to be operationally effective and operationally suitable. Currently, a total of 22 Aegis BMD-equipped warships -- 19 in the U.S. Navy and three in the Japanese Maritime Self-Defense Force -- have the certified capability to engage ballistic missiles and perform long-range surveillance and tracking missions. Two additional U.S. East Coast-based Aegis-equipped ships are being modified to perform ballistic missile defense in the next six months.
The Aegis Weapon System is the world's premier naval defense system and the sea-based element of the U.S. Ballistic Missile Defense System. Its precision SPY-1 radar and integrated command and control system seamlessly guides the interceptor and uplinks target track information to the missile for terminal homing. Its ability to detect, track and engage targets ranging from sea-skimming cruise missiles to ballistic missiles in space is proven and unmatched. The Aegis BMD Weapon System also integrates with the BMDS, receiving track data from and providing track information to other BMDS elements.
The 92 Aegis-equipped ships currently in service around the globe have more than 950 years of at-sea operational experience and have launched more than 3,500 missiles in tests and real-world operations. In addition to the U.S. and Japan, Aegis is the maritime weapon system of choice for Australia, Norway, South Korea and Spain.
Lockheed Martin is a world leader in systems integration and the development of air and missile defense systems and technologies, including the first operational hit-to-kill missile defense system, Patriot Advanced Capability-3 (PAC-3). It also has considerable experience in interceptor systems; kill vehicles; battle management command, control and communications; precision pointing; and tracking optics, as well as radar and other sensors that enable signal processing and data fusion. The company makes significant contributions to nearly all major U.S. Missile Defense Systems and participates in several global missile defense partnerships.
Headquartered in Bethesda, MD, Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
For additional information on Lockheed Martin Corporation, visit: http://www.lockheedmartin.com
KAUAI, Hawaii, Oct. 28 /PRNewswire/ -- JS Myoko, Japan's third destroyer equipped with Lockheed Martin's (NYSE: LMT - News) Aegis Ballistic Missile Defense (BMD) system, successfully intercepted and destroyed a ballistic missile target above the atmosphere during a test event today. The test marked the 20th successful ballistic missile intercept by the system.
JS Myoko guided a Standard Missile (SM)-3 Block IA missile to intercept the separating medium range ballistic missile target outside the Earth's atmosphere.Two U.S. Navy Aegis BMD ships, USS Lake Erie and USS Paul Hamilton, also participated in today's test. USS Paul Hamilton tracked the target and performed a simulated engagement. USS Lake Erie, equipped with the next generation Aegis BMD Weapon System -- designated BMD 4.0.1, which provides additional target discrimination capability -- tracked the missile target and post-intercept debris using its advanced signal processor. Full operational certification of BMD 4.0.1 is expected in 2011.
"This is the first Aegis BMD flight test conducted with two versions of the U.S. Navy Aegis BMD baselines and a Japanese destroyer," said Orlando Carvalho, vice president and general manager of Lockheed Martin's Surface-Sea Based Missile Defense line of business. "These events demonstrate the Aegis development success of build a little, test a little, learn a lot as well as the flexibility of the systems to evolve and keep pace with the threat to control the battlespace."
The Missile Defense Agency and the U.S. Navy are jointly developing Aegis BMD as part of the United States' Ballistic Missile Defense System (BMDS). The Navy's independent operational test agent has assessed the Aegis BMD and SM-3 Block IA system to be operationally effective and operationally suitable. Currently, a total of 22 Aegis BMD-equipped warships -- 19 in the U.S. Navy and three in the Japanese Maritime Self-Defense Force -- have the certified capability to engage ballistic missiles and perform long-range surveillance and tracking missions. Two additional U.S. East Coast-based Aegis-equipped ships are being modified to perform ballistic missile defense in the next six months.
The Aegis Weapon System is the world's premier naval defense system and the sea-based element of the U.S. Ballistic Missile Defense System. Its precision SPY-1 radar and integrated command and control system seamlessly guides the interceptor and uplinks target track information to the missile for terminal homing. Its ability to detect, track and engage targets ranging from sea-skimming cruise missiles to ballistic missiles in space is proven and unmatched. The Aegis BMD Weapon System also integrates with the BMDS, receiving track data from and providing track information to other BMDS elements.
The 92 Aegis-equipped ships currently in service around the globe have more than 950 years of at-sea operational experience and have launched more than 3,500 missiles in tests and real-world operations. In addition to the U.S. and Japan, Aegis is the maritime weapon system of choice for Australia, Norway, South Korea and Spain.
Lockheed Martin is a world leader in systems integration and the development of air and missile defense systems and technologies, including the first operational hit-to-kill missile defense system, Patriot Advanced Capability-3 (PAC-3). It also has considerable experience in interceptor systems; kill vehicles; battle management command, control and communications; precision pointing; and tracking optics, as well as radar and other sensors that enable signal processing and data fusion. The company makes significant contributions to nearly all major U.S. Missile Defense Systems and participates in several global missile defense partnerships.
Headquartered in Bethesda, MD, Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
For additional information on Lockheed Martin Corporation, visit: http://www.lockheedmartin.com
Satcon Selected for 5 Megawatt CalRENEW-1 Solar Farm
California’s First Utility Scale Solar PV Plant Under Renewable Portfolio Standard Program Will Feature Satcon PrismTM
Satcon Technology Corporation ~ October 28, 2009
FREMONT, Calif.--(BUSINESS WIRE)--Satcon Technology Corporation (NASDAQ CM: SATC), a leading provider of utility scale power solutions for the renewable energy market, today announced that it has been selected for the CalRENEW-1 installation, the first utility-scale photovoltaic solar farm to be approved by the California Public Utilities Commission under the state’s Renewable Portfolio Standard program.
The 5 megawatt AC facility, located in Mendota, CA, will utilize five, one megawatt Prism solutions, Satcon’s fully integrated utility platform that comes complete with factory integrated medium voltage transformers, switchgear, and electronics. Introduced in June of 2009, Prism is the industry’s most advanced 1 megawatt solar PV power conversion solution, and is built on the market leading PowerGate 500 kW inverter line, which has been installed on over 170 megawatts of large scale solar power plants since 2005. Each 1 MW Prism solution is delivered complete in an all-climate outdoor enclosure and ready to connect to the PV array and utility grid, enabling rapid installation through a modular prepackaged design.
CalRENEW-1 will be one of the most advanced photovoltaic solar facilities in the world. The 5 MW plant will generate zero emission electricity for sale to Pacific Gas & Electric under a long term power purchase agreement.
“We are excited to be a part of the CalRENEW-1 project, which clearly demonstrates the increased role of large scale solar power production as an integral part of tomorrow’s energy network," said Steve Rhoades, President and Chief Executive Officer of Satcon Technology. “Our continued focus on developing the highest performing, most reliable, and most advanced utility ready solar PV inverter systems allow us to deliver the solutions that enable utilities to effectively integrate solar power as a secure and cost effective renewable energy source.”
About Satcon
Satcon Technology Corporation is the leading provider of utility scale distributed power solutions for the renewable energy market, enabling the industry’s most advanced reliable and proven clean energy alternatives. For over 24 years, Satcon has designed and delivered the next generation of efficient energy systems for solar photovoltaic, stationary fuel cells, and energy storage systems. To learn more about Satcon, please visit http://www.satcon.com/.
Contact:
Satcon Technology Corporation
Senior Director of Worldwide Marketing
Michael Levi,
949-201-5955
michael.levi@satcon.com
or
Investor Relations Manager
Leah Gibson,
617-897-2400
leah.gibson@satcon.com
Satcon Technology Corporation ~ October 28, 2009
FREMONT, Calif.--(BUSINESS WIRE)--Satcon Technology Corporation (NASDAQ CM: SATC), a leading provider of utility scale power solutions for the renewable energy market, today announced that it has been selected for the CalRENEW-1 installation, the first utility-scale photovoltaic solar farm to be approved by the California Public Utilities Commission under the state’s Renewable Portfolio Standard program.
The 5 megawatt AC facility, located in Mendota, CA, will utilize five, one megawatt Prism solutions, Satcon’s fully integrated utility platform that comes complete with factory integrated medium voltage transformers, switchgear, and electronics. Introduced in June of 2009, Prism is the industry’s most advanced 1 megawatt solar PV power conversion solution, and is built on the market leading PowerGate 500 kW inverter line, which has been installed on over 170 megawatts of large scale solar power plants since 2005. Each 1 MW Prism solution is delivered complete in an all-climate outdoor enclosure and ready to connect to the PV array and utility grid, enabling rapid installation through a modular prepackaged design.
CalRENEW-1 will be one of the most advanced photovoltaic solar facilities in the world. The 5 MW plant will generate zero emission electricity for sale to Pacific Gas & Electric under a long term power purchase agreement.
“We are excited to be a part of the CalRENEW-1 project, which clearly demonstrates the increased role of large scale solar power production as an integral part of tomorrow’s energy network," said Steve Rhoades, President and Chief Executive Officer of Satcon Technology. “Our continued focus on developing the highest performing, most reliable, and most advanced utility ready solar PV inverter systems allow us to deliver the solutions that enable utilities to effectively integrate solar power as a secure and cost effective renewable energy source.”
About Satcon
Satcon Technology Corporation is the leading provider of utility scale distributed power solutions for the renewable energy market, enabling the industry’s most advanced reliable and proven clean energy alternatives. For over 24 years, Satcon has designed and delivered the next generation of efficient energy systems for solar photovoltaic, stationary fuel cells, and energy storage systems. To learn more about Satcon, please visit http://www.satcon.com/.
Contact:
Satcon Technology Corporation
Senior Director of Worldwide Marketing
Michael Levi,
949-201-5955
michael.levi@satcon.com
or
Investor Relations Manager
Leah Gibson,
617-897-2400
leah.gibson@satcon.com
United Technologies Corp. Advisory to Securities Analysts, Investors and News Media
October 28, 2009 ~ United Technologies Corp.
HARTFORD, Conn., Oct. 28 /PRNewswire-FirstCall/ -- A webcast of United Technologies Corp. (NYSE: UTX - News) President and CEO Louis Chenevert speaking at the Goldman Sachs Global Industrials Conference is scheduled for 11:15 a.m. ET on Wednesday, Nov. 4. The presentation will be broadcast live on the Internet at http://www.utc.com/ and will be archived on the Web site afterward.
United Technologies Corp., based in Hartford, Conn., is a diversified company that provides high technology products and services to the building and aerospace industries.
UTC-IR
Contact: John Moran, UTC
(860) 728-7062
Investor Relations, UTC
(860) 728-7608
HARTFORD, Conn., Oct. 28 /PRNewswire-FirstCall/ -- A webcast of United Technologies Corp. (NYSE: UTX - News) President and CEO Louis Chenevert speaking at the Goldman Sachs Global Industrials Conference is scheduled for 11:15 a.m. ET on Wednesday, Nov. 4. The presentation will be broadcast live on the Internet at http://www.utc.com/ and will be archived on the Web site afterward.
United Technologies Corp., based in Hartford, Conn., is a diversified company that provides high technology products and services to the building and aerospace industries.
UTC-IR
Contact: John Moran, UTC
(860) 728-7062
Investor Relations, UTC
(860) 728-7608
Rolls-Royce Success on U.S. Navy MissionCare Contract Leads to Expanded $90 Million Award
Rolls-Royce Corporation ~ October 28, 2009
INDIANAPOLIS--(BUSINESS WIRE)--Rolls-Royce, the global power systems company, has been awarded a $90 million MissionCare™ contract by the U.S. Department of Defense (DoD) at NATC Patuxent River to provide support for the F405-RR-401 (Adour) engines that power the U.S. Navy’s T-45 training aircraft.
This contract exercises the first of four option years to the base contract signed last year. MissionCare is utilized within the Rolls-Royce Defense sector to apply commercial Power By The Hour® principles to the unique requirements of the defense business.
Under the terms of the agreement, which is administered by the Naval Air Systems Command (NAVAIR) at NATC Patuxent River, Md., Rolls-Royce will provide all maintenance, support, trouble-shooting, parts supply and logistics for both the F405 engine and the aircraft gas turbine starting system. This contract provides comprehensive propulsion services to more than 200 aircraft, operating at three main Naval Air Stations - Kingsville, Texas; Meridian, Miss. and Pensacola, Fla.
David Waggoner, President of Rolls-Royce Defense Services Inc., said, “This contract demonstrates the customer’s satisfaction with our performance. We are very proud of our partnership with the U.S. Navy and look forward to the opportunity to continue providing engine readiness and availability which allows the U.S. Navy to accomplish their critical training mission.”
Rolls-Royce manufactures the F405-RR-401 (Adour) engine in partnership with Turbomeca. Rolls-Royce has been involved with T-45 program support since inception through a variety of contracts awarded by both the U.S. Navy and Boeing.
Aftermarket services, of which MissionCare is an important part, account for more than 50 percent of the Group's underlying revenues.
NOTES TO EDITORS
1. Rolls-Royce, a leading provider of power systems and services for use on land, at sea and in the air, has established a strong position in global markets - civil aerospace, defense aerospace, marine and energy.
2. The company has a broad customer base including more than 600 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 2,000 marine customers, including 70 navies, and energy customers in nearly 120 countries. With facilities in 50 countries, Rolls-Royce employs more than 39,000 people worldwide and has businesses headquartered in the UK, US, Canada, Germany, Scandinavia and China. This global presence allows the Group to access long-term international growth opportunities with its technology, presence, partnerships and people.
3. The T-45 is used for intermediate and advanced portions of the Navy-Marine Corps pilot training program for jet carrier aviation and tactical strike missions. Currently the T-45 is scheduled to remain in service with the Navy until 2035. As the primary jet trainer for the Chief of Naval Air Training (CNATRA), the T-45 is used to produce approximately 325 strike aviators per year for the F/A-18, EA-6B, E-2C, and S-3B pipelines.
4. The F405 is the U.S. designation of the Adour engine, which powers the trainer fleet. More than 2,900 Adours have been delivered to date, clocking up more than 7.7 million flying hours.
5. The F405 contract is truly “power by the hour’ – a single contract line item number is used to pay a fixed price per aircraft hours flown at each operating base. Contract performance is measured almost exclusively against the fleet-driven performance metric of engine and starter system availability.
6. In 2008, Rolls-Royce and its partners invested $1.4 billion in research and development, two thirds of which had the objective of further improving the environmental aspects of its products, in particular the reduction of emissions.
Contact:
Rolls-Royce Corporation
Karin Ricketts
Manager, Corporate Communications
+1 317-230-8774
karin.ricketts@rolls-royce.com
www.Rolls-Royce.com
INDIANAPOLIS--(BUSINESS WIRE)--Rolls-Royce, the global power systems company, has been awarded a $90 million MissionCare™ contract by the U.S. Department of Defense (DoD) at NATC Patuxent River to provide support for the F405-RR-401 (Adour) engines that power the U.S. Navy’s T-45 training aircraft.
This contract exercises the first of four option years to the base contract signed last year. MissionCare is utilized within the Rolls-Royce Defense sector to apply commercial Power By The Hour® principles to the unique requirements of the defense business.
Under the terms of the agreement, which is administered by the Naval Air Systems Command (NAVAIR) at NATC Patuxent River, Md., Rolls-Royce will provide all maintenance, support, trouble-shooting, parts supply and logistics for both the F405 engine and the aircraft gas turbine starting system. This contract provides comprehensive propulsion services to more than 200 aircraft, operating at three main Naval Air Stations - Kingsville, Texas; Meridian, Miss. and Pensacola, Fla.
David Waggoner, President of Rolls-Royce Defense Services Inc., said, “This contract demonstrates the customer’s satisfaction with our performance. We are very proud of our partnership with the U.S. Navy and look forward to the opportunity to continue providing engine readiness and availability which allows the U.S. Navy to accomplish their critical training mission.”
Rolls-Royce manufactures the F405-RR-401 (Adour) engine in partnership with Turbomeca. Rolls-Royce has been involved with T-45 program support since inception through a variety of contracts awarded by both the U.S. Navy and Boeing.
Aftermarket services, of which MissionCare is an important part, account for more than 50 percent of the Group's underlying revenues.
NOTES TO EDITORS
1. Rolls-Royce, a leading provider of power systems and services for use on land, at sea and in the air, has established a strong position in global markets - civil aerospace, defense aerospace, marine and energy.
2. The company has a broad customer base including more than 600 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 2,000 marine customers, including 70 navies, and energy customers in nearly 120 countries. With facilities in 50 countries, Rolls-Royce employs more than 39,000 people worldwide and has businesses headquartered in the UK, US, Canada, Germany, Scandinavia and China. This global presence allows the Group to access long-term international growth opportunities with its technology, presence, partnerships and people.
3. The T-45 is used for intermediate and advanced portions of the Navy-Marine Corps pilot training program for jet carrier aviation and tactical strike missions. Currently the T-45 is scheduled to remain in service with the Navy until 2035. As the primary jet trainer for the Chief of Naval Air Training (CNATRA), the T-45 is used to produce approximately 325 strike aviators per year for the F/A-18, EA-6B, E-2C, and S-3B pipelines.
4. The F405 is the U.S. designation of the Adour engine, which powers the trainer fleet. More than 2,900 Adours have been delivered to date, clocking up more than 7.7 million flying hours.
5. The F405 contract is truly “power by the hour’ – a single contract line item number is used to pay a fixed price per aircraft hours flown at each operating base. Contract performance is measured almost exclusively against the fleet-driven performance metric of engine and starter system availability.
6. In 2008, Rolls-Royce and its partners invested $1.4 billion in research and development, two thirds of which had the objective of further improving the environmental aspects of its products, in particular the reduction of emissions.
Contact:
Rolls-Royce Corporation
Karin Ricketts
Manager, Corporate Communications
+1 317-230-8774
karin.ricketts@rolls-royce.com
www.Rolls-Royce.com
IDGA ~ October 28, 2009
NEW YORK--(BUSINESS WIRE)--November 16th marks the beginning of the four-day 8th Annual Light Armored Vehicles & Stryker Summit being held in Vienna, VA at the Sheraton Premiere at Tysons Corner. Leading military and industry experts are set to convene and discuss a series of key issues pertaining to Light Armored Vehicles (LAVs).
“As operations shift from Iraq to Afghanistan, it is important to keep abreast of all the latest developments in this area. That is why this year’s Summit is crucial and of significant importance to our audience,” Kristine Ortiz-Cortes, Program Director at IDGA explained. “This year's event aims to hone in on the requirements for developing and deploying vehicle systems to enhance lethality and survivability in any environment”.
Some of the key topics to be discussed include requirements and modifications for the family of LAV and Stryker (FoLAV); New lightweight and transparent armor systems; Supply chain management processes and practices; and vehicle technology and communications systems.
Some of the speakers scheduled to present include:
•Colonel Brian Buckles, USMC - Program Manager, Marine Corps LAV
•LTC Todd Lamb, USA - Product Manager, Stryker BCT Development, PEO Ground Combat Systems
•LtCol Scott Leonard, USMC - Commanding Officer, 1st Light Armored Reconnaissance Batallion
•Major Pierre Larivee - Project Director, LAV III, Canadian Defence
•Glenda Paige - LOGCOM Liaison Officer to PEO-LS, MARCORSYSCOM
IDGA's Light Armored Vehicles & Stryker Summit has become the "must attend" event for the international LAV community. Military, industry, and others attend each year to discuss areas such as armor, communications, firepower, drive trains, battery power, and other important components to the family of LAVs. The summit also provides a forum for military and industry to network and forge new partnerships and solutions.
For more information on attending or sponsoring the 8th Annual Light Armored Vehicles & Stryker Summit, please visit http://www.lightarmoredvehiclessummit.com/ or contact Kristine Ortiz-Cortes at kristine.ortiz@idga.org.
The Institute for Defense & Government Advancement (IDGA) is a non-partisan information-based organization dedicated to the promotion of innovative ideas in public service and defense through live conferences and events. We bring together speaker panels and events comprised of military and government professionals while attracting delegates with decision-making power from military, government, and defense industries.
In addition to our live events, IDGA also offers an online community dedicated to providing defense industry professionals with breaking news, business opportunities, introductions, podcasts, webinars, and presentations from key industry leaders. Members of our online community are able to extend their live event experience and interact with the defense industry by leveraging the opportunity to network, share ideas, best practices, and business solutions.
For more information, please visit http://www.idga.org/.
NEW YORK--(BUSINESS WIRE)--November 16th marks the beginning of the four-day 8th Annual Light Armored Vehicles & Stryker Summit being held in Vienna, VA at the Sheraton Premiere at Tysons Corner. Leading military and industry experts are set to convene and discuss a series of key issues pertaining to Light Armored Vehicles (LAVs).
“As operations shift from Iraq to Afghanistan, it is important to keep abreast of all the latest developments in this area. That is why this year’s Summit is crucial and of significant importance to our audience,” Kristine Ortiz-Cortes, Program Director at IDGA explained. “This year's event aims to hone in on the requirements for developing and deploying vehicle systems to enhance lethality and survivability in any environment”.
Some of the key topics to be discussed include requirements and modifications for the family of LAV and Stryker (FoLAV); New lightweight and transparent armor systems; Supply chain management processes and practices; and vehicle technology and communications systems.
Some of the speakers scheduled to present include:
•Colonel Brian Buckles, USMC - Program Manager, Marine Corps LAV
•LTC Todd Lamb, USA - Product Manager, Stryker BCT Development, PEO Ground Combat Systems
•LtCol Scott Leonard, USMC - Commanding Officer, 1st Light Armored Reconnaissance Batallion
•Major Pierre Larivee - Project Director, LAV III, Canadian Defence
•Glenda Paige - LOGCOM Liaison Officer to PEO-LS, MARCORSYSCOM
IDGA's Light Armored Vehicles & Stryker Summit has become the "must attend" event for the international LAV community. Military, industry, and others attend each year to discuss areas such as armor, communications, firepower, drive trains, battery power, and other important components to the family of LAVs. The summit also provides a forum for military and industry to network and forge new partnerships and solutions.
For more information on attending or sponsoring the 8th Annual Light Armored Vehicles & Stryker Summit, please visit http://www.lightarmoredvehiclessummit.com/ or contact Kristine Ortiz-Cortes at kristine.ortiz@idga.org.
The Institute for Defense & Government Advancement (IDGA) is a non-partisan information-based organization dedicated to the promotion of innovative ideas in public service and defense through live conferences and events. We bring together speaker panels and events comprised of military and government professionals while attracting delegates with decision-making power from military, government, and defense industries.
In addition to our live events, IDGA also offers an online community dedicated to providing defense industry professionals with breaking news, business opportunities, introductions, podcasts, webinars, and presentations from key industry leaders. Members of our online community are able to extend their live event experience and interact with the defense industry by leveraging the opportunity to network, share ideas, best practices, and business solutions.
For more information, please visit http://www.idga.org/.
Defense Sector Leads Third-Quarter Performance for General Dynamics
- Overall revenues grow 8.1 percent
- Demand continues for vehicles, ammunition, IT and engineering services
- Full-year EPS guidance increased
General Dynamics ~ October 28, 2009
FALLS CHURCH, Va., Oct. 28 /PRNewswire-FirstCall/ -- General Dynamics (NYSE: GD - News) today reported 2009 third-quarter earnings from continuing operations of $575 million, or $1.48 per share on a fully diluted basis, compared to 2008 third-quarter earnings from continuing operations of $634 million, or $1.59 per share fully diluted. Revenues rose to $7.7 billion in the quarter, an 8.1 percent increase over third-quarter 2008 revenues of $7.1 billion. Net earnings in the third quarter of 2009 were $572 million. Financial performance in the quarter was impacted by a previously announced five-week production furlough in July and August at the company's Gulfstream Aerospace subsidiary, taken in response to global economic conditions.
Cash
Net cash provided by operating activities from continuing operations was $594 million for the third quarter. Free cash flow from operations, defined as net cash provided by operating activities from continuing operations less capital expenditures, was $513 million, or 89 percent of earnings from continuing operations.
Backlog
Total backlog at the end of the third quarter 2009 was $66.2 billion. Backlog grew in the Combat Systems and Information Systems and Technology segments in the quarter, reflecting continued strong demand for the company's vehicle and ammunition products and information-technology services. New orders received included $950 million for production, support and reset of Stryker infantry combat vehicles for the U.S. Army, as well as ammunition orders for U.S. and allied customers. Demand for information-technology (IT) services and engineering support for military platforms produced a book-to-bill ratio of greater than 1 in the Information Systems and Technology segment. In addition to the backlog, the estimated potential contract value, representing management's estimate of value under unfunded indefinite delivery, indefinite quantity (IDIQ) contracts and unexercised options, grew to $18.2 billion at the end of third-quarter 2009.
Performance Highlights
Revenues and operating earnings grew in all three of the company's defense-related segments in the third quarter of 2009. Combat Systems increased revenues by 26.9 percent in the quarter and operating earnings by 20.6 percent. In Information Systems and Technology, revenues grew 8.8 percent and operating earnings increased 9.6 percent while Marine Systems increased revenue by 8.1 percent and operating earnings by 10.7 percent in third quarter 2009.
"The enduring strength of General Dynamics' diverse portfolio is apparent in the company's third-quarter 2009 financial results," said company President and Chief Executive Officer Jay L. Johnson. "The company performed well despite the impact of reduced aircraft production at Gulfstream Aerospace. Continuing customer demand for our defense-related products coupled with our commitment to financial performance and effective execution produced strong margins and cash generation in the quarter.
"Based on the strength of the third-quarter results, we are increasing our guidance for full-year 2009 earnings from continuing operations to $6.15 to $6.20 per share, fully diluted," Johnson said.
General Dynamics, headquartered in Falls Church, Va., employs approximately 92,300 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies.
Certain statements made in this press release, including any statements as to future results of operations and financial projections, may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are based on management's expectations, estimates, understandings, projections and assumptions. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. Additional information regarding these factors is contained in the company's filings with the Securities and Exchange Commission, including, without limitation, its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q.
All forward-looking statements speak only as of the date they were made. The company does not undertake any obligation to update or publicly release any revisions to any forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
WEBCAST INFORMATION: General Dynamics will webcast its third-quarter 2009 securities analyst conference call, scheduled for 11:30 a.m. Eastern Time on Wednesday, October 28, 2009. The webcast will be a listen-only audio event, available at www.generaldynamics.com. An on-demand replay of the webcast will be available by 1:30 p.m. October 28 and will continue for 12 months. To hear a recording of the conference call by telephone, please call 888-286-8010 (international: 617-801-6888); passcode 26735283. The phone replay will be available from 1:30 p.m. October 28 until midnight November 4, 2009.
- Demand continues for vehicles, ammunition, IT and engineering services
- Full-year EPS guidance increased
General Dynamics ~ October 28, 2009
FALLS CHURCH, Va., Oct. 28 /PRNewswire-FirstCall/ -- General Dynamics (NYSE: GD - News) today reported 2009 third-quarter earnings from continuing operations of $575 million, or $1.48 per share on a fully diluted basis, compared to 2008 third-quarter earnings from continuing operations of $634 million, or $1.59 per share fully diluted. Revenues rose to $7.7 billion in the quarter, an 8.1 percent increase over third-quarter 2008 revenues of $7.1 billion. Net earnings in the third quarter of 2009 were $572 million. Financial performance in the quarter was impacted by a previously announced five-week production furlough in July and August at the company's Gulfstream Aerospace subsidiary, taken in response to global economic conditions.
Cash
Net cash provided by operating activities from continuing operations was $594 million for the third quarter. Free cash flow from operations, defined as net cash provided by operating activities from continuing operations less capital expenditures, was $513 million, or 89 percent of earnings from continuing operations.
Backlog
Total backlog at the end of the third quarter 2009 was $66.2 billion. Backlog grew in the Combat Systems and Information Systems and Technology segments in the quarter, reflecting continued strong demand for the company's vehicle and ammunition products and information-technology services. New orders received included $950 million for production, support and reset of Stryker infantry combat vehicles for the U.S. Army, as well as ammunition orders for U.S. and allied customers. Demand for information-technology (IT) services and engineering support for military platforms produced a book-to-bill ratio of greater than 1 in the Information Systems and Technology segment. In addition to the backlog, the estimated potential contract value, representing management's estimate of value under unfunded indefinite delivery, indefinite quantity (IDIQ) contracts and unexercised options, grew to $18.2 billion at the end of third-quarter 2009.
Performance Highlights
Revenues and operating earnings grew in all three of the company's defense-related segments in the third quarter of 2009. Combat Systems increased revenues by 26.9 percent in the quarter and operating earnings by 20.6 percent. In Information Systems and Technology, revenues grew 8.8 percent and operating earnings increased 9.6 percent while Marine Systems increased revenue by 8.1 percent and operating earnings by 10.7 percent in third quarter 2009.
"The enduring strength of General Dynamics' diverse portfolio is apparent in the company's third-quarter 2009 financial results," said company President and Chief Executive Officer Jay L. Johnson. "The company performed well despite the impact of reduced aircraft production at Gulfstream Aerospace. Continuing customer demand for our defense-related products coupled with our commitment to financial performance and effective execution produced strong margins and cash generation in the quarter.
"Based on the strength of the third-quarter results, we are increasing our guidance for full-year 2009 earnings from continuing operations to $6.15 to $6.20 per share, fully diluted," Johnson said.
General Dynamics, headquartered in Falls Church, Va., employs approximately 92,300 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies.
Certain statements made in this press release, including any statements as to future results of operations and financial projections, may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are based on management's expectations, estimates, understandings, projections and assumptions. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. Additional information regarding these factors is contained in the company's filings with the Securities and Exchange Commission, including, without limitation, its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q.
All forward-looking statements speak only as of the date they were made. The company does not undertake any obligation to update or publicly release any revisions to any forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
WEBCAST INFORMATION: General Dynamics will webcast its third-quarter 2009 securities analyst conference call, scheduled for 11:30 a.m. Eastern Time on Wednesday, October 28, 2009. The webcast will be a listen-only audio event, available at www.generaldynamics.com. An on-demand replay of the webcast will be available by 1:30 p.m. October 28 and will continue for 12 months. To hear a recording of the conference call by telephone, please call 888-286-8010 (international: 617-801-6888); passcode 26735283. The phone replay will be available from 1:30 p.m. October 28 until midnight November 4, 2009.
Spirit AeroSystems Formally Opens Malaysian Aerospace Manufacturing and Design Facility
Spirit AeroSystems ~ October 28, 2009
SUBANG, Kuala Lumpur, Oct. 28 /PRNewswire-FirstCall/ -- Spirit AeroSystems Inc., (NYSE: SPR - News) the world's largest independent supplier of commercial airplane assemblies and components, today formally opened its 242,000-square-foot aerospace manufacturing and design facility.
The facility, which will initially produce composite sub-assemblies for Airbus single aisle aircraft, also includes an in-house design engineering team working on developing assemblies for the latest, state-of-the-art Airbus aircraft, the A350 XWB.
"There are a number of reasons Spirit chose Malaysia as the location for a new facility," said Jeff Turner, President and CEO of Spirit AeroSystems, Inc. "I like to think that, although Spirit is an aerospace company, it's also a people company and it is the people in Malaysia that have convinced me that this is a great place for Spirit to grow globally."
Prime Minister of Malaysia, YAB Dato' Sri Mohd, Najib Tun Abdul Razak will officiate the Opening Ceremony that marks Malaysia's commitment to make investments in the aerospace industry through Smart Partnerships. The project has received significant support from key institutional bodies of Malaysia like the Malaysian Industrial Development Authority (MIDA), Malaysian Industry-Government Group for High Technology (MIGHT) and Malaysia Airports Holdings Berhad (MAHB). All have been instrumental in furthering Malaysia's collaborative efforts with Spirit.
Spirit AeroSystems Malaysia Sdn Bhd will occupy a central role in the development of the Malaysian aerospace industry as a whole, and is strategically located at the centre of the Malaysia International Aerospace Centre (MIAC) and adjacent to the runway for Sultan Abdul Aziz Shah Airport in Subang.
"We have a long history of dealing with Malaysian suppliers and partners like CTRM and SMEA," added Francis Hiew, the Managing Director of Spirit AeroSystems Malaysia. "The growth of Spirit and the opening of Spirit Malaysia mean that these companies can continue to grow and share in our future success."
When fully operational, the Spirit facility is expected to employ in excess of 450 employees in a variety of assembly, manufacturing, engineering, commercial and support roles. Due to its location, the facility has significant opportunities to expand its products, capacity and services.
On the web: http://www.spiritaero.com/
About Spirit AeroSystems, Inc.
Based in Wichita, Kan., Spirit AeroSystems is the world's largest independent supplier of commercial airplane assemblies and components. In addition to its Kansas facility, Spirit has locations in Tulsa and McAlester, Okla.; Prestwick, Scotland; Samlesbury, England; Kuala Lumpur, Malaysia; and is developing new manufacturing facilities in Kinston, N.C. and Saint-Nazaire, France. In the U.S., Spirit's core products include fuselages, pylons, nacelles and wing components. Additionally, Spirit provides aftermarket customer support services, including spare parts, maintenance/repair/overhaul, and fleet support services in North America, Europe and Asia. Spirit Europe produces wing components for a host of customers, including Airbus.
This press release contains forward-looking statements concerning future business opportunities. Actual results may vary materially from those projected as a result of certain risks and uncertainties, including but not limited to future levels of business in the aerospace and commercial transport industries or in the number of aircraft to be built; the success and timely progression of our customers' new programs; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed in Spirit AeroSystems Holdings, Inc. Securities and Exchange Commission filings.
SUBANG, Kuala Lumpur, Oct. 28 /PRNewswire-FirstCall/ -- Spirit AeroSystems Inc., (NYSE: SPR - News) the world's largest independent supplier of commercial airplane assemblies and components, today formally opened its 242,000-square-foot aerospace manufacturing and design facility.
The facility, which will initially produce composite sub-assemblies for Airbus single aisle aircraft, also includes an in-house design engineering team working on developing assemblies for the latest, state-of-the-art Airbus aircraft, the A350 XWB.
"There are a number of reasons Spirit chose Malaysia as the location for a new facility," said Jeff Turner, President and CEO of Spirit AeroSystems, Inc. "I like to think that, although Spirit is an aerospace company, it's also a people company and it is the people in Malaysia that have convinced me that this is a great place for Spirit to grow globally."
Prime Minister of Malaysia, YAB Dato' Sri Mohd, Najib Tun Abdul Razak will officiate the Opening Ceremony that marks Malaysia's commitment to make investments in the aerospace industry through Smart Partnerships. The project has received significant support from key institutional bodies of Malaysia like the Malaysian Industrial Development Authority (MIDA), Malaysian Industry-Government Group for High Technology (MIGHT) and Malaysia Airports Holdings Berhad (MAHB). All have been instrumental in furthering Malaysia's collaborative efforts with Spirit.
Spirit AeroSystems Malaysia Sdn Bhd will occupy a central role in the development of the Malaysian aerospace industry as a whole, and is strategically located at the centre of the Malaysia International Aerospace Centre (MIAC) and adjacent to the runway for Sultan Abdul Aziz Shah Airport in Subang.
"We have a long history of dealing with Malaysian suppliers and partners like CTRM and SMEA," added Francis Hiew, the Managing Director of Spirit AeroSystems Malaysia. "The growth of Spirit and the opening of Spirit Malaysia mean that these companies can continue to grow and share in our future success."
When fully operational, the Spirit facility is expected to employ in excess of 450 employees in a variety of assembly, manufacturing, engineering, commercial and support roles. Due to its location, the facility has significant opportunities to expand its products, capacity and services.
On the web: http://www.spiritaero.com/
About Spirit AeroSystems, Inc.
Based in Wichita, Kan., Spirit AeroSystems is the world's largest independent supplier of commercial airplane assemblies and components. In addition to its Kansas facility, Spirit has locations in Tulsa and McAlester, Okla.; Prestwick, Scotland; Samlesbury, England; Kuala Lumpur, Malaysia; and is developing new manufacturing facilities in Kinston, N.C. and Saint-Nazaire, France. In the U.S., Spirit's core products include fuselages, pylons, nacelles and wing components. Additionally, Spirit provides aftermarket customer support services, including spare parts, maintenance/repair/overhaul, and fleet support services in North America, Europe and Asia. Spirit Europe produces wing components for a host of customers, including Airbus.
This press release contains forward-looking statements concerning future business opportunities. Actual results may vary materially from those projected as a result of certain risks and uncertainties, including but not limited to future levels of business in the aerospace and commercial transport industries or in the number of aircraft to be built; the success and timely progression of our customers' new programs; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed in Spirit AeroSystems Holdings, Inc. Securities and Exchange Commission filings.
Northrop Grumman Hits Target With G/ATOR AESA Test
Military Sensors Coming of Age as Talks Take Place in London on Radar and Imagery Technology Solutions
Defence IQ ~ October 28, 2009
BALTIMORE, Maryland, October 28 /PRNewswire/ -- Tests this month for a prototype partial array antenna that is to be developed as the U.S. Marine Corps' new Ground/Air Task Oriented Radar (G/ATOR) active electronic scanned array (AESA) are reported to have proven successful.
All objectives were met without incident at the Connecticut test range, declared Northrop Grumman, the third largest U.S. defence contractor. The results should lead to the next stage in the process of constructing the vastly flexible G/ATOR system as it is integrated with additional subsystems at its Electronic Systems Baltimore headquarters, while a second prototype is readied for testing by the end of the year.
The first of its kind to be developed by the Department of Defense, the technology is described as "highly mobile" and is expected to replace or reinforce five out of six of the Marine Corps' ground radar, cutting both maintenance costs and operational time. The associated AESA consists of a network of modules capable of transmitting and receiving signals and feeding the information into the G/ATOR, enabling it to assess and engage various targets in a wide range of positions and trajectories.
Pat Newby, vice President of Weapons and Sensors for Northrop Grumman's Land Forces Division was optimistic of the device's potential. "G/ATOR's true multi-mission capabilities will change the way the Marines fight and win. The successful results from the radar array tests provide a high degree of confidence that the array design will meet or exceed all system performance requirements."
The company's AN/APG-81 system is currently the key component in the Joint Strike Fighter's F-35 sensor suite. This system's capabilities and performance are to be on the agenda of discussion at the 2009 Military Sensors conference, to be held between November 18 and 19 at the New Connaught Rooms in London. Expert speakers are confirmed for the event which will also include talks on joint surveillance, airborne stand-off radar, UAVs and the F/A-18 Hornet, among others.
For full details of the conference, visit:
http://www.militarysensorsconf.com
For further information on both events, email:
enquire@defenceiq.com
Tel: +44(0)20-7368-9300 or
0800-652-2363
Fax: +44(0)20-7368-9301
Defence IQ ~ October 28, 2009
BALTIMORE, Maryland, October 28 /PRNewswire/ -- Tests this month for a prototype partial array antenna that is to be developed as the U.S. Marine Corps' new Ground/Air Task Oriented Radar (G/ATOR) active electronic scanned array (AESA) are reported to have proven successful.
All objectives were met without incident at the Connecticut test range, declared Northrop Grumman, the third largest U.S. defence contractor. The results should lead to the next stage in the process of constructing the vastly flexible G/ATOR system as it is integrated with additional subsystems at its Electronic Systems Baltimore headquarters, while a second prototype is readied for testing by the end of the year.
The first of its kind to be developed by the Department of Defense, the technology is described as "highly mobile" and is expected to replace or reinforce five out of six of the Marine Corps' ground radar, cutting both maintenance costs and operational time. The associated AESA consists of a network of modules capable of transmitting and receiving signals and feeding the information into the G/ATOR, enabling it to assess and engage various targets in a wide range of positions and trajectories.
Pat Newby, vice President of Weapons and Sensors for Northrop Grumman's Land Forces Division was optimistic of the device's potential. "G/ATOR's true multi-mission capabilities will change the way the Marines fight and win. The successful results from the radar array tests provide a high degree of confidence that the array design will meet or exceed all system performance requirements."
The company's AN/APG-81 system is currently the key component in the Joint Strike Fighter's F-35 sensor suite. This system's capabilities and performance are to be on the agenda of discussion at the 2009 Military Sensors conference, to be held between November 18 and 19 at the New Connaught Rooms in London. Expert speakers are confirmed for the event which will also include talks on joint surveillance, airborne stand-off radar, UAVs and the F/A-18 Hornet, among others.
For full details of the conference, visit:
http://www.militarysensorsconf.com
For further information on both events, email:
enquire@defenceiq.com
Tel: +44(0)20-7368-9300 or
0800-652-2363
Fax: +44(0)20-7368-9301
Breeze-Eastern Corporation Teleconference Announcement
Breeze-Eastern Corporation ~ October 27, 2009
UNION, N.J.--(BUSINESS WIRE)--Breeze-Eastern Corporation (NYSE Amex: BZC) will announce its second quarter financial results for the period ended September 27, 2009 on October 28, 2009. In conjunction with the release, the Company will conduct its teleconference call at 11:00 a.m. EDT on Wednesday, October 28, 2009 to discuss the company’s financial results for its Second Quarter of Fiscal 2010 hosted by Robert L.G. White, President & Chief Executive Officer, D. Michael Harlan, Executive Vice President & Chief Operating Officer, Joseph F. Spanier, Executive Vice President, Chief Financial Officer & Treasurer, and Gerald C. Harvey, Executive Vice President, General Counsel & Secretary.
You can participate in the conference call by dialing the following numbers:
In the U.S. (866) 543-6403
Outside the U.S. (617) 213-8896
Participant Passcode # 53807751
Advise the operator that you wish to join the Breeze-Eastern Corporation conference call hosted by Mr. Robert White. Please call at approximately 10:55 a.m. EDT.
This conference call will also be webcast live on our website at http://www.breeze-eastern.com/ and will be available for replay in our website’s audio archives for the following ten (10) business days.
Breeze-Eastern Corporation http://www.breeze-eastern.com/ is the world’s leading designer and manufacturer of sophisticated lifting devices for military and civilian aircraft, including rescue hoists, cargo hooks and weapons-lifting systems. The Company, which employs approximately 180 people at its facility in Union, New Jersey, reported sales of $75.4 million in the fiscal year ended March 31, 2009.
If you have any questions about these arrangements or have trouble joining the conference call, please call Robin Onufer at Breeze-Eastern Corporation, (908) 624-4206.
Contact:
Breeze-Eastern Corporation
Robert L.G. White,
908-206-3700
President and CEO
UNION, N.J.--(BUSINESS WIRE)--Breeze-Eastern Corporation (NYSE Amex: BZC) will announce its second quarter financial results for the period ended September 27, 2009 on October 28, 2009. In conjunction with the release, the Company will conduct its teleconference call at 11:00 a.m. EDT on Wednesday, October 28, 2009 to discuss the company’s financial results for its Second Quarter of Fiscal 2010 hosted by Robert L.G. White, President & Chief Executive Officer, D. Michael Harlan, Executive Vice President & Chief Operating Officer, Joseph F. Spanier, Executive Vice President, Chief Financial Officer & Treasurer, and Gerald C. Harvey, Executive Vice President, General Counsel & Secretary.
You can participate in the conference call by dialing the following numbers:
In the U.S. (866) 543-6403
Outside the U.S. (617) 213-8896
Participant Passcode # 53807751
Advise the operator that you wish to join the Breeze-Eastern Corporation conference call hosted by Mr. Robert White. Please call at approximately 10:55 a.m. EDT.
This conference call will also be webcast live on our website at http://www.breeze-eastern.com/ and will be available for replay in our website’s audio archives for the following ten (10) business days.
Breeze-Eastern Corporation http://www.breeze-eastern.com/ is the world’s leading designer and manufacturer of sophisticated lifting devices for military and civilian aircraft, including rescue hoists, cargo hooks and weapons-lifting systems. The Company, which employs approximately 180 people at its facility in Union, New Jersey, reported sales of $75.4 million in the fiscal year ended March 31, 2009.
If you have any questions about these arrangements or have trouble joining the conference call, please call Robin Onufer at Breeze-Eastern Corporation, (908) 624-4206.
Contact:
Breeze-Eastern Corporation
Robert L.G. White,
908-206-3700
President and CEO
Tuesday, October 27, 2009
Successful First Flight for Lockheed Martin's New HELLFIRE II Missile Design
Lockheed Martin ~ October 26, 2009
ORLANDO, Fla., Oct. 26 /PRNewswire/ -- Lockheed Martin's (NYSE: LMT - News) new multi-functional AGM-114R HELLFIRE II missile scored a direct hit during its first proof-of-principle (POP) flight test recently at Eglin Air Force Base, FL. The HELLFIRE II design, now entering the qualification phase, features a new multi-purpose warhead that enables a single missile to cover all of the target sets of the current laser-guided HELLFIRE II variants.
The POP 1 flight test featured a lock-on-before-launch engagement of a stationary target board at 3.2 miles (5.1 km). The team used a ground-based laser designator to illuminate the target. The inert missile, which was ground-launched, was equipped with an enhanced telemetry package. In addition to proving out the new components and software, the flight also verified backward compatibility with HELLFIRE II platforms that cannot provide targeting information to the missile.
"The multi-functional HELLFIRE II missile is one missile for many missions," said Ken Musculus, director of Air-to-Ground Missile Systems Programs at Lockheed Martin Missiles and Fire Control. "Its multi-functional warhead enables the AGM-114R to neutralize a broad set of targets previously covered by four different warhead models - everything from armor and air defense systems to patrol boats and enemy combatants in SUVs or caves. Warfighters won't have to decide ahead of time what they might encounter and load the appropriate combination of missiles; with the multi-functional HELLFIRE II, they can meet many contingencies with a single missile."
Prior to the first POP flight test, Lockheed Martin completed a battery of warhead tests, including 10 precursor warhead tests, four main warhead tests and five tests of tandem warheads within the HELLFIRE guidance section. The next two POP flight tests, scheduled for early next year, will feature live warheads.
"This new HELLFIRE II can be fired from both rotary-wing and unmanned platforms," Musculus said. "A new inertial measurement unit enables properly equipped platforms to launch missiles at targets behind them without first having to turn the aircraft around. Getting the missile on target that much quicker gives the enemy less time to react or escape."
Musculus said many of the new improvements are software-driven. "We've replaced a host of circuit boards, transistors and other hardware components with software," he added. "Turning hardware into software contributes to the modular design of the missile and offers an efficient path to future upgrades."
With more than 25,000 rounds produced for the U.S. and 14 international customers, HELLFIRE II has been successfully integrated with attack helicopters in the U.S. and many Allied fleets. It is also capable of surface launch from ground vehicles, tripods and small vessels. More than 10,000 HELLFIRE missiles have been successfully fired in combat.
Lockheed Martin performs all work on behalf of the HELLFIRE Systems, Limited Liability Company and will produce the missiles at its manufacturing facilities in Troy, AL, and Ocala, FL.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
For additional information, visit our web site:
http://www.lockheedmartin.com
ORLANDO, Fla., Oct. 26 /PRNewswire/ -- Lockheed Martin's (NYSE: LMT - News) new multi-functional AGM-114R HELLFIRE II missile scored a direct hit during its first proof-of-principle (POP) flight test recently at Eglin Air Force Base, FL. The HELLFIRE II design, now entering the qualification phase, features a new multi-purpose warhead that enables a single missile to cover all of the target sets of the current laser-guided HELLFIRE II variants.
The POP 1 flight test featured a lock-on-before-launch engagement of a stationary target board at 3.2 miles (5.1 km). The team used a ground-based laser designator to illuminate the target. The inert missile, which was ground-launched, was equipped with an enhanced telemetry package. In addition to proving out the new components and software, the flight also verified backward compatibility with HELLFIRE II platforms that cannot provide targeting information to the missile."The multi-functional HELLFIRE II missile is one missile for many missions," said Ken Musculus, director of Air-to-Ground Missile Systems Programs at Lockheed Martin Missiles and Fire Control. "Its multi-functional warhead enables the AGM-114R to neutralize a broad set of targets previously covered by four different warhead models - everything from armor and air defense systems to patrol boats and enemy combatants in SUVs or caves. Warfighters won't have to decide ahead of time what they might encounter and load the appropriate combination of missiles; with the multi-functional HELLFIRE II, they can meet many contingencies with a single missile."
Prior to the first POP flight test, Lockheed Martin completed a battery of warhead tests, including 10 precursor warhead tests, four main warhead tests and five tests of tandem warheads within the HELLFIRE guidance section. The next two POP flight tests, scheduled for early next year, will feature live warheads.
"This new HELLFIRE II can be fired from both rotary-wing and unmanned platforms," Musculus said. "A new inertial measurement unit enables properly equipped platforms to launch missiles at targets behind them without first having to turn the aircraft around. Getting the missile on target that much quicker gives the enemy less time to react or escape."
Musculus said many of the new improvements are software-driven. "We've replaced a host of circuit boards, transistors and other hardware components with software," he added. "Turning hardware into software contributes to the modular design of the missile and offers an efficient path to future upgrades."
With more than 25,000 rounds produced for the U.S. and 14 international customers, HELLFIRE II has been successfully integrated with attack helicopters in the U.S. and many Allied fleets. It is also capable of surface launch from ground vehicles, tripods and small vessels. More than 10,000 HELLFIRE missiles have been successfully fired in combat.
Lockheed Martin performs all work on behalf of the HELLFIRE Systems, Limited Liability Company and will produce the missiles at its manufacturing facilities in Troy, AL, and Ocala, FL.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
For additional information, visit our web site:
http://www.lockheedmartin.com
Sunday, October 25, 2009
F-35 Brings Unique 5th Generation Capabilities
Lockheed Martin ~ October 23, 2009
SEOUL, South Korea, Oct. 23 /PRNewswire-FirstCall/ -- The Lockheed Martin (NYSE: LMT - News) F-35 Lightning II program is the only fighter program delivering 5th generation capabilities internationally, a Lockheed Martin executive said Tuesday at the Seoul Air Show.
"The F-35's 5th generation capabilities, including Very Low Observable stealth, integrated sensor fusion, net-enabled operations and advanced sustainment, make it the premiere fighter of the future," said Stephen O'Bryan, vice president of F-35 Business Development and Customer Engagement. "The F-35 is the only multi-role fighter designed for survivability in the highest-threat environments, and it provides superior capability at comparable 4th generation fighter costs."
The theme of O'Bryan's presentation, "Global Partners Building Global Security," reflects the high level of international participation and cooperation on the Joint Strike Fighter program. The F-35 will replace more than 13 aircraft types and enable allies to conduct seamless, integrated operations. Throughout its lifecycle, the F-35 will create enduring industrial relationships, from the production and global delivery systems to worldwide operation and support via Autonomic Logistics Global Sustainment (ALGS).
F-35 ALGS, developed in parallel with the aircraft and its systems, defines the F-35's total life-cycle sustainment system. In combination with the F-35's high level of reliability, ALGS is designed to reduce support costs significantly over the aircraft types it will replace. This embedded aircraft support system simplifies and streamlines maintenance, providing prognostics and health management to keep the aircraft mission-ready, using a worldwide support network and infrastructure. Recently, the F-35 Autonomic Logistics Information System (ALIS) Computerized Maintenance Management System (CMMS) began monitoring BF-1, the first short takeoff/vertical landing (STOVL) aircraft, from the Lockheed Martin F-35 Sustainment Operations Center in Fort Worth, Texas. BF-1 is the first F-35 supported solely by ALIS.
The F-35 Lightning II is a 5th generation fighter, combining advanced stealth with fighter speed and agility, fully fused sensor information, network-enabled operations, and lower operational and support costs. Lockheed Martin is developing the F-35 with its principal industrial partners, Northrop Grumman and BAE Systems. Two separate, interchangeable F-35 engines are under development: the Pratt & Whitney F135 and the GE Rolls-Royce Fighter Engine Team F136.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
For additional information, visit our Web site: http://www.lockheedmartin.com
SEOUL, South Korea, Oct. 23 /PRNewswire-FirstCall/ -- The Lockheed Martin (NYSE: LMT - News) F-35 Lightning II program is the only fighter program delivering 5th generation capabilities internationally, a Lockheed Martin executive said Tuesday at the Seoul Air Show.
"The F-35's 5th generation capabilities, including Very Low Observable stealth, integrated sensor fusion, net-enabled operations and advanced sustainment, make it the premiere fighter of the future," said Stephen O'Bryan, vice president of F-35 Business Development and Customer Engagement. "The F-35 is the only multi-role fighter designed for survivability in the highest-threat environments, and it provides superior capability at comparable 4th generation fighter costs."The theme of O'Bryan's presentation, "Global Partners Building Global Security," reflects the high level of international participation and cooperation on the Joint Strike Fighter program. The F-35 will replace more than 13 aircraft types and enable allies to conduct seamless, integrated operations. Throughout its lifecycle, the F-35 will create enduring industrial relationships, from the production and global delivery systems to worldwide operation and support via Autonomic Logistics Global Sustainment (ALGS).
F-35 ALGS, developed in parallel with the aircraft and its systems, defines the F-35's total life-cycle sustainment system. In combination with the F-35's high level of reliability, ALGS is designed to reduce support costs significantly over the aircraft types it will replace. This embedded aircraft support system simplifies and streamlines maintenance, providing prognostics and health management to keep the aircraft mission-ready, using a worldwide support network and infrastructure. Recently, the F-35 Autonomic Logistics Information System (ALIS) Computerized Maintenance Management System (CMMS) began monitoring BF-1, the first short takeoff/vertical landing (STOVL) aircraft, from the Lockheed Martin F-35 Sustainment Operations Center in Fort Worth, Texas. BF-1 is the first F-35 supported solely by ALIS.
The F-35 Lightning II is a 5th generation fighter, combining advanced stealth with fighter speed and agility, fully fused sensor information, network-enabled operations, and lower operational and support costs. Lockheed Martin is developing the F-35 with its principal industrial partners, Northrop Grumman and BAE Systems. Two separate, interchangeable F-35 engines are under development: the Pratt & Whitney F135 and the GE Rolls-Royce Fighter Engine Team F136.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
For additional information, visit our Web site: http://www.lockheedmartin.com
Subscribe to:
Posts (Atom)
Posts
