Thursday, December 10, 2009

General Dynamics Awarded $18 Million for Saudi Tank Work

STERLING HEIGHTS, Mich., Dec. 9 /PRNewswire-FirstCall/ -- General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD - News), was awarded $17.6 million for the purchase of long-lead materials that will be used to convert 15 M1A2 Abrams tanks to M1A2S tanks for the Kingdom of Saudi Arabia. The contract was awarded to General Dynamics by the U.S. Army TACOM Lifecycle Management Command for the Royal Saudi Land Forces.
The contract is an addition to a $58 million 2008 award to General Dynamics to design, develop, convert, implement and test a hybrid configuration of the M1A1, M1A2 and M1A2 System Enhancement Package (SEP) tank variants. The M1A2S vehicles will possess defined capabilities that increase lethality while limiting obsolescence. The work will be performed at the Lima Army Tank Plant in Lima, Ohio, with an estimated completion date of March 31, 2012.
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. More information about General Dynamics is available online at www.generaldynamics.com.

Pratt & Whitney Shanghai Engine Center First in China to Achieve LEED(R) Platinum

SHANGHAI, Dec. 9 /PRNewswire-FirstCall/ -- The Shanghai Pratt & Whitney Aircraft Engine Maintenance Co., Ltd (Shanghai Engine Center), a joint venture between China Eastern Airlines and Pratt & Whitney, has become the first facility in China and the 21(st) outside the United States to be awarded Leadership in Energy and Environmental Design (LEED(®)) Platinum certification from the U.S. Green Building Council. Pratt & Whitney is a United Technologies Corp. (NYSE: UTX - News) company.
"We are honored to be recognized as the first LEED(®) Platinum facility in China - the first also for Pratt & Whitney and United Technologies Corp.," said Todd Kallman, president of Commercial Engines and Global Services for Pratt & Whitney and Vice Chairman, Board of Directors for the Shanghai Engine Center. "Pratt & Whitney offers a complete range of products and services that are environmentally friendly from commercial engines, such as the PurePower® PW1000G, to EcoPower(® )engine wash service and now our LEED(®) Platinum facility that houses CFM56(®) engine repairs."
Located in the Qingpu district, the Shanghai Engine Center officially opened in September 2009 as an environmentally friendly and highly efficient CFM56(® )engine maintenance, repair and overhaul facility.
Worldwide there are fewer than 4,000 LEED certified buildings - with only about 5 percent earning Platinum certification. The LEED rating system was designed as a framework to identify and implement sustainable practices that bring energy and resource savings.
"Both China Eastern Airlines and Pratt & Whitney are committed to developing sustainable business practices that benefit the environment, our customers and employees, as well as the community," said Liu Shaoyong, Chairman of China Eastern Airlines Co., Ltd.
With a facility size of 25,555 sq. meters (275,072 sq. feet) and the potential to employ 800 people, the Shanghai Engine Center earned 57 credits, five points above the required LEED Platinum threshold. Notable accomplishments included:
All five water and all five innovation-in-design credits for the reduced usage of potable water and a large pond built on site for capturing and storing rain water to meet all sanitary needs.
All 10 energy efficiency credits for installing high performance conditioning and lighting systems, and extensive daylighting and control through integrated building automation.
Eight material credits for incorporating rapidly renewable resources, extensive recycling of construction waste, locally sourced materials, and use of certified stewarded wood products.
The facility also incorporates high-performance building solutions from other UTC businesses. Carrier supplied high efficiency products including Evergreen® 19XRV variable speed centrifugal chillers, AquaForce® 30XQ air-cooled heat pumps, air handling units with energy recovery, and Automated Logic® building system controls, in addition to managing the building's system commissioning. Hamilton Sundstrand supplied a Sullair LS20 compressed air system and UTC Fire & Security provided security and access controls.
"The Shanghai Engine Center is a further demonstration of Pratt & Whitney and UTC's commitment to sustainable development and practices. We believe that this project will serve as a leading example for other facilities within China when pursuing energy saving integration with operational efficiency," said Rick Fedrizzi, president and CEO & Founding Chair of the U.S. Green Building Council.
Pratt & Whitney through its Global Service Partners (GSP) network is a total service provider for Pratt & Whitney, International Aero Engines, General Electric, Rolls-Royce and CFMI engines. In addition to engine overhaul and repair services, GSP provides customers improved engine performance and increased asset value through a broad portfolio of services including line maintenance, engine monitoring and diagnostics, environmentally friendly on-wing water washes, leased engines, custom engine service programs and new and repaired parts.
CFM and CFM56 are registered trademarks of CFM International
Greg Brostowicz
Commercial Engines & Global Services
Int'l Mobile +1-860-565-1655
gregory.brostowicz@pw.utc.com
Natalie Lowe
Pratt & Whitney
Mobile: +86-1502-122-8926
natalie.lowe@pwc.ca

United Technologies Corp. To Invest in Clipper Windpower

HARTFORD, Conn., Dec. 9 /PRNewswire-FirstCall/ -- United Technologies Corp. (NYSE: UTX - News) today announced it has agreed to acquire a 49.5 percent stake in Clipper Windpower Plc (CWP.L), a California-based wind turbine manufacturer that trades on the AIM London Stock Exchange.
UTC's total investment will be 166 million pounds sterling (approximately $270 million) to purchase a combination of 84.3 million newly issued shares and 21.8 million shares from existing shareowners. The investment has been approved by the boards of directors of both UTC and Clipper Windpower, and closing is pending Clipper Windpower shareholder and regulatory approval.
Clipper Windpower is engaged in wind energy technology, turbine manufacturing, and wind project development. Headquartered in Carpinteria, Calif., the company has a turbine manufacturing plant in Cedar Rapids, Iowa, and research and development facilities in Carpinteria, Calif., and Blyth Harbor, U.K. The company had 2008 revenues of $737 million.
The agreement allows UTC to expand its power generation portfolio and enter the high-growth wind power segment by investing in a company with strong management and innovative technology. The $50 billion-plus segment for wind turbines and installation has grown at an annual rate of 25 percent during this decade.
UTC expects to work closely with Clipper Windpower to improve the company's core technology, manufacturing, product quality, and supply management capabilities. This investment leverages the world-class expertise of UTC business units in blade technology, turbines and gearbox design. It also builds on UTC's existing portfolio of energy efficient products and power generation systems that respond to the world's growing demand for cleaner, more efficient solutions.
United Technologies Corp., based in Hartford, Connecticut, is a diversified company that provides a broad range of high technology products and support services to the building systems and aerospace industries.
This release includes "forward looking statements" concerning expected revenue, earnings and additional benefits of a transaction that remain subject to uncertainties. Important factors that could cause actual results to differ materially from those anticipated or implied in the forward looking statements include delays in or inability to obtain necessary regulatory approvals on acceptable terms; changes in anticipated economic conditions; the impact of credit market conditions and limited availability of funding on customers' ability to finance wind power projects; challenges in the design, development, production and support of advanced technologies; delays in achieving anticipated cost reductions; and delays and disruption in delivery of materials and services from suppliers. For information identifying other important economic, political, regulatory, legal, technological, competitive and other uncertainties, see UTC's SEC filings as submitted from time to time, including but not limited to, the information in the "Business" section of UTC's Annual Report on Form 10-K, the information included in UTC's 10-K and 10-Q Reports under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations," and the information included in Current Reports on Form 8-K.
UTC-IR
Contact: John Moran, UTC
(860) 728-7062
www.utc.com

Peru to buy military hardware from China, Brazil

LIMA, Dec 9 (Reuters) - Peru is in talks to buy tanks from China and fighter planes from Brazil to replenish an "obsolete" military arsenal, officials said on Wednesday, just weeks after accusing Chile of starting an arms race.
President Alan Garcia has criticized Chile, which defeated Peru in the 19th century War of the Pacific, for negotiating the purchase of U.S. missiles and radar equipment.
Garcia has also tried to spearhead an anti-arms initiative in Latin America, where countries like Venezuela, Brazil and Colombia have been beefing up their armed forces.
"The government is in talks to acquire a fleet of tanks made in China to replace some of the obsolete units of the armed forces," Defense Minister Rafael Rey told local radio.
"It's about equipment replacement -- not about entering an incessant arms race," Prime Minister Javier Velasquez said on RPP radio.
Peru said Super Tucano planes it buys from Brazil's Embraer (ERJ.N)(EMBR3.SA) would be used to combat cocaine trafficking in remote parts of the Andes and Amazon jungle.
Peru's government, which hopes to replace Soviet-era tanks acquired in the 1970s, did not say how much it would spend on the new equipment.
Chilean Defense Minister Francisco Vidal has said any U.S. equipment that Chile buys would cost much less than a recent $650 million estimate provided by the Pentagon.
Vidal said potential purchases of missiles and Sentinel radar systems would not upset the military balance in South America.
Chile's armed forces have benefited from years of windfall copper earnings due to a law that entitles them to 10 percent of state copper giant Codelco's sales. The government has sent a bill to Congress that aims to scrap the Codelco payment. (Reporting by Marco Aquino and Dana Ford; Editing by Terry Wade and Peter Cooney)

E-ONE Receives 30-Unit Order for Royal Saudi Air Force

OCALA, Fla., Dec. 9 /PRNewswire/ -- Through its Saudi Arabian dealer, SESE, E-ONE was awarded a multimillion-dollar contract for 30 Aircraft Rescue and Fire Fighting (ARFF) and first responder units from the Royal Saudi Air Force (RSAF).
A long-time SESE and E-ONE customer, RSAF ordered a variety of units including Titan Force 6x6's, custom pumpers on CII chassis, mini pumpers and small rescue vehicles.
"The product diversity of the 30-unit order demonstrates the effectiveness of E-ONE and our international dealers to reach and support global markets," said Sam Itani, Vice President of Global Sales E-ONE. "We would like to congratulate SESE for this significant contract and commend them on their ability to continuously support the sales and service needs of Saudi Arabia."
SESE has been the E-ONE dealer in Saudi Arabia for more than 20 years and prides itself on maintaining strong relationships with all its customers.
"We are honored RSAF has trusted in us, yet again, for their ARFF, first responder and loose equipment needs," Mohammad Fostoc with SESE said. "E-ONE's diverse, full line of products allows us to meet our Saudi Arabian customers' varying demands with a product known internationally for its quality and performance."
The units ordered offer the latest in ARFF and first responder technology with the state-of-the-art Titan Force 6x6 featuring a 3000 gallon tank capacity and custom 4x4 pumpers on CII chassis with a 1030 gallon tank capacity. The new, technologically advanced units will be a welcome addition to RSAF's existing E-ONE fleet.
"RSAF currently has more than 20 E-ONE units in operation and we are honored they have chosen E-ONE and SESE to expand this growing fleet," Itani said.
To learn more about or locate an E-ONE dealer near you, visit www.E-ONE.com.
As a leading manufacturer of first responder vehicles, E-ONE engineers, manufactures and markets mission-critical vehicles including custom and commercial pumpers tankers, Water Master vacuum tankers, aerial ladders and platforms, command and communication apparatus, quick attack units, industrial trucks, and aircraft rescue firefighting vehicles. The company sells its products world-wide and is headquartered in Ocala, Florida. E-ONE is an ISO 9001 registered and CCC certified manufacturer. For more information, visit www.e-one.com.

Lockheed Martin Team Completes Critical Design Review for the Airborne, Maritime/Fixed Station Joint Tactical Radio System

Joint Network Will Seamlessly Link Air, Land and Sea Forces
Lockheed Martin ~ December 9, 2009
SAN DIEGO, Dec. 9 /PRNewswire/ -- A secure, internet-like tactical network is one step closer to providing joint warfighters with unprecedented access to voice, data and video communications, as well as a level of interoperability never achieved before. The Lockheed Martin (NYSE: LMT - News) team has announced the successful completion of Critical Design Review (CDR) for the Airborne, Maritime/Fixed Station Joint Tactical Radio System (AMF JTRS). The Lockheed Martin team includes BAE Systems, General Dynamics, Northrop Grumman, and Raytheon.
"This is a significant milestone for the program as well as the goal of bringing, tactical wireless communications into the 21(st) century," said John Mengucci, president of Lockheed Martin's Information Systems & Global Services-Defense. "By connecting the warfighter to the Global Information Grid, AMF JTRS provides non line-of-sight capabilities, wideband networking, clear communications, easy upgrades, seamless handoffs and the most critical benefit -- interoperability with all users across the network."
AMF JTRS takes current radio capabilities to the next generation through advanced Internet Protocol (IP) technologies, similar, but much more mobile and secure than commercial communications devices on the market today. The CDR represented the capstone of more than six months of reviews focused on assessing the AMF JTRS subsystem and system design maturity. Additionally, the review concluded that the AMF JTRS design is on schedule to meet government specifications, according to the Joint Program Executive Office Joint Tactical Radio System (JPEO JTRS).
"The Lockheed Martin team demonstrated that the AMF JTRS program requirements are well defined and that the system and subsystem designs will satisfy the joint user requirements," said U.S. Army Col. Ray Jones, Program Manager, AMF JTRS. "I congratulate the entire government and industry team."
Once completely fielded, AMF JTRS will link more than 100 platforms, providing connectivity to areas where no communications infrastructure previously existed. Army, Air Force and Navy assets will be able to seamlessly synchronize with the soldier in the foxhole, providing near instantaneous awareness of the combat environment. Plus, since the capability is defined digitally in software and signal processing is handled by a programmable computer, AMF JTRS can interface with legacy radios, waveforms and systems. Interoperable communications are enabled without the need for multiple radios or hardware upgrades as new capabilities are fielded.
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

Tuesday, December 1, 2009

Boeing wins $386 mln US Navy warplance contract

WASHINGTON, Nov 30 (Reuters) - Boeing Co (BA.N) has won an additional contract valued at $386 million for work on 44 EA-18G full-rate production electronic attack EA-18G aircraft for the U.S. Navy, the Pentagon said on Monday. In its daily digest of major defense contracts, the Pentagon said the contract modification said the deal included two sets of 22 EA-18G airborne electronic attack kits and associated engineering work.
The contract runs through December 2012.
Boeing said the Department of Defense approved full-rate production of the new electronic attack plane, also known as the Growler, on Nov. 23, which would help Boeing quickly ramp up production.
It said the decision was a "clear indication" of the Pentagon's support.
The Navy began using its first squadron of EA-18 "Growlers," which are based at Whidbey Island, Washington, as scheduled in September. The warplanes can operate from the deck of an aircraft carrier or from regular airfields.
The new planes are replacing the Navy's EA-6B Prowler, which has been in service since 1971. The Growler joined the Navy's aircraft fleet in 2008.
Boeing is the prime contractor for the new planes, with Northrop Grumman Corp (NOC.N), Raytheon Co (RTN.N) and General Electric (GE.N) as subcontractors. (Reporting by Andrea Shalal-Esa; Editing by Tim Dobbyn) ((andrea.shalal-esa@thomsonreuters.com; + 1 202 354 5807; Reuters Messaging: andrea.shalal-esa.reuters.com@reuters.net))

Sunday, November 8, 2009

Dassault denies Rafale price cut in Brazil

* French paper says Dassault cutting Rafale price for Brazil
* Dassault spokesman says information is false

PARIS, Nov 8 (Reuters) - French aircraft manufacturer Dassault Aviation (AVMD.PA) denied a newspaper report on Friday that it was cutting the price of its Rafale fighter jet by 40 percent to secure a sale to the Brazilian army. French newspaper Liberation said the manufacturer was offering the reduction in order to boost the chances of selling Brazil 36 of the aircraft, which are still seeking export buyers, despite major efforts by French authorities.

"The information in the article is false," said a Dassault spokesman. "We do not negotiate in public," he added.

The paper, whose article cited "good sources", said Dassault was complying with French President Nicolas Sarkozy's wishes after he committed to getting the price of the Rafale down during his visit to Brazil in September.

The Rafale is competing against Boeing's (BA.N) F18 and Saab's (SAABb.ST) Gripen NG, both of which would be cheaper for Brazil's Army, Liberation said.

Detailed negotiations over the possible sale of 60 Rafale aircraft to the United Arab Emirates are underway, while Kuwait said in October it was hoping to buy Rafales and was awaiting terms from Paris. [ID:nLL280569] (Reporting by Laure Bretton; Writing by Helen Massy-Beresford; Editing by David Holmes)

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)

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)

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

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.

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.

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

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

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

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

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)

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

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