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

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

Lockheed Martin's C-130J Super Hercules: The Proven Airlifter of Choice Showcased at Seoul Air Show

Lockheed Martin ~ October 23, 2009
SEOUL, South Korea, Oct. 23 /PRNewswire-FirstCall/ -- Lockheed Martin (NYSE: LMT - News) officials briefed reporters Tuesday at the Seoul International Aerospace and Defense Exhibition about the proven capabilities of the C130J Super Hercules, all of which are key components in aiding global security. Attendees gained insight into how the C-130J meets 90 percent of the world's airlift needs, how the aircraft is used today and its future capabilities. More air forces worldwide are lining up to take advantage of the C-130J's unique mix of agility and performance to deploy troops, transport supplies, and provide disaster and humanitarian relief to the most remote and austere areas of the world. Within the last year, the C130J family has expanded to include Norway, India, Qatar, Iraq and Oman.
"One day, these C-130Js are involved in humanitarian missions; the next, they are deploying to a combat theater," said Jack Crisler, Lockheed Martin vice president for the C-130J program. "Everyone is now seeing firsthand just how essential this plane is for air forces worldwide every day."
Thanks to worldwide operators flying six configurations of the aircraft, the C-130J has more than 500,000 flight hours on record and with numerous examples to show that it is proven in:
•Design
•Production
•Multimission flexibility
•Operations
•Reliability and sustainability
•Multirole capabilities
C-130Js are engaged in high-tempo operations in multiple combat theaters and are routinely deployed in support of both peacekeeping and humanitarian missions. The C-130J has been selected by 10 nations, with 177 aircraft delivered through the second quarter of this year. The C-130J is a flexible, multimission aircraft that has been delivered in multiple and varied configurations to meet a wide range of operational needs.
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

ManTech Awarded $98M IDIQ Contract from DHS to Support Secure Border Initiative Program Office

Will Provide Systems Engineering and Technical Support to Enhance Border Security
ManTech International Corporation ~ October 23, 2009
FAIRFAX, Va.--(BUSINESS WIRE)--ManTech International Corporation (Nasdaq:MANT) announced that it was awarded an Indefinite-Delivery, Indefinite-Quantity (IDIQ) contract from the Department of Homeland Security (DHS) to provide a full range of program management support services to the nation's Secure Border Initiative (SBI). The competitively awarded, single-award IDIQ program, which was awarded to ManTech in the fourth quarter, has a base-year and two option years and a total potential value of $98.8 million.
ManTech will support the DHS Customs and Border Protection (CBP), SBI Program Office, whose mission is to promote border security strategies that protect against and prevent terrorist attacks and other transnational crimes. The SBI Program Office coordinates DHS efforts to ensure the legal entry and exit of people and goods moving across our borders and the enforcement of immigration, customs, and agriculture laws at our borders, within the country, and abroad. They also manage the development, deployment, and integration of SBI acquisition programs,
ManTech will support SBI program management activities which may include systems engineering, operational requirements, integrated logistics, environmental planning, and budget and financial management.
“SBI’s charter to enhance border security and to manage the development, deployment, and integration of border technology solutions is a mission-critical and highly complex task. SBI must identify operational needs and requirements, develop new capabilities, and deploy an effective mix of new and commercially available technologies and systems,” said Larry Prior, President and Chief Operating Officer, ManTech International Corporation. “ManTech has extensive experience successfully applying systems engineering to complex development, acquisition, and operational programs for the military services, DARPA, NASA, DHS and other federal government agencies. We are committed to the success of the SBI Program Office as we apply these systems engineering skills in support of CBP and DHS.”
About ManTech International Corporation:
Headquartered in Fairfax, Virginia with approximately 8,000 professionals, ManTech International Corporation is a leading provider of innovative technologies and solutions for mission-critical national security programs for the Intelligence Community; the departments of Defense, State, Homeland Security and Justice; the Space Community; National Oceanic and Atmospheric Administration; and other U.S. federal government customers. ManTech’s expertise includes systems engineering, systems integration, software development services, enterprise architecture, cyber security, information assurance, intelligence operations and analysis support, network and critical infrastructure protection, information operations and information warfare support, information technology, communications integration, global logistics and supply chain management, and service oriented architectures. The company supports the advanced telecommunications systems that are used in Operation Iraqi Freedom and in other parts of the world; has developed a secure, collaborative communications system for the U.S. Department of Homeland Security; and builds and maintains secure databases that track terrorists. The company operates in the United States and 40 countries. In 2008, BusinessWeek magazine chose ManTech for its ‘InfoTech 100’ listing representing the best performing tech companies in the world; Forbes.com named ManTech as one of the 400 Best Big Companies in the nation; and A-Space, a Web 2.0 enhanced collaboration tool that ManTech developed for the Intelligence Community was named one of the Top 50 Inventions of the Year by Time magazine. Also in 2008, GI Jobs magazine named ManTech a Top Ten Military Friendly Employer for the third year in a row. Additional information on ManTech can be found at www.mantech.com
Forward-Looking Information:
Statements and assumptions made in this press release, which do not address historical facts, constitute "forward-looking" statements that ManTech believes to be within the definition in the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties, many of which are outside of our control. Words such as "may,” "will,” "intends,” "should,” "expects,” "plans,” "projects,” "anticipates,” "believes,” "estimates,” "predicts,” "potential,” "continue,” or "opportunity," or the negative of these terms or words of similar import are intended to identify forward-looking statements.
These forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated, including, without limitation: adverse changes in U.S. government spending priorities; failure to retain existing U.S. government contracts, win new contracts, or win recompetes; adverse results of U.S. government audits of our government contracts; risks associated with complex U.S. government procurement laws and regulations; adverse effect of contract consolidations; risk of contract performance or termination; failure to obtain option awards, task orders or funding under contracts; adverse changes in our mix of contract types; failure to successfully integrate recently acquired companies or businesses into our operations or to realize any accretive or synergistic effects from such acquisitions; failure to identify, execute or effectively integrate future acquisitions; risks of financing, such as increases in interest rates and restrictions imposed by our credit agreement; risks related to an inability to obtain new or additional financing; and competition. These and other risk factors are more fully discussed in the section entitled "Risks Factors" in ManTech's Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 27, 2009, and, from time to time, in ManTech's other filings with the Securities and Exchange Commission, including among others, its reports on Form 10-Q.
The forward-looking statements included in this news release are only made as of the date of this news release and ManTech undertakes no obligation to publicly update any of the forward-looking statements made herein, whether as a result of new information, subsequent events or circumstances, changes in expectations or otherwise.
Contact:
ManTech International Corporation
Mark Root
Executive Director, Corp. Communications
off: 703-218-8397
cell: 571-259-1169
mark.root@mantech.com
or
Joseph Cormier
Senior Vice President, Corporate Development
703-218-8258
joe.cormier@mantech.com

Boeing refused to release tanker pricing -Pentagon

* Pentagon says Northrop not harmed by data release
* Says different pricing required for new competition

By Andrea Shalal-Esa
WASHINGTON, Oct 23 (Reuters) - Boeing declined a Pentagon request to release Boeing's pricing information from the last aerial tanker competition after Northrop raised concerns that it was disadvantaged by the Air Force's release of Northrop's pricing data to Boeing, according to a Pentagon letter.
Pentagon General Counsel Jeh Johnson told Northrop Grumman Corp (NOC.N) in a letter dated Sept. 23, a copy of which was obtained by Reuters, that defense officials did not believe the company was competitively harmed by Boeing Co's (BA.N) knowledge of "some of the prior pricing" and remained convinced that "the integrity of the procurement process will be maintained without the release of additional pricing information."
But Johnson said the Pentagon "actually sought Boeing's permission to release this information, and Boeing declined," according to the letter.
Analysts say the dispute over the release of Northrop pricing information could provide the basis for a future legal protest by the company. That could further delay a weapons program that Air Force officials call a top priority.
One source familiar with the letter, who was not authorized to speak on the record, said Boeing's refusal to release the information was telling. "It must be important if they don't want to release it," said the source.
Northrop declined comment on the letter, saying it did not discuss correspondence sent to or received from its customers.
Boeing could not be immediately reached for comment.
Northrop and its European partner, EADS (EAD.PA), say they are concerned about the Air Force's disclosure of pricing data to Boeing when Northrop and EADS won a potential $35 billion contract for new refueling tankers in February 2008. That deal was later canceled.
The Pentagon canceled Northrop's contract one year ago after government auditors upheld a Boeing protest. The Air Force released rules for a new competition between the two teams last month.
In his letter, Johnson told Northrop that the key terms of the solicitation had changed dramatically since the last competition, which would necessitate "dramatically different pricing proposals and strategies" anyway.
He said the Air Force provided both companies with "substantially identical information" regarding its competitor's evaluation prices, but acknowledged that the Air Force gave Boeing "some additional limited information concerning Northrop Grumman's proposed prices under the now canceled prior contract."
However, he said those "dollar amounts are of questionable value since Boeing is unaware of the extent to which the dollar figures provided were rounded up or down, and/or were truncated by hundreds of millions of dollars."
In addition, he said, Boeing did not know whether the disclosed dollar amounts represented all or only some of the line items associated with various contract phases.
"It is the case that Boeing would be at significant risk if it tried to recreate Northrop Grumman's actual contract line item dollar amounts proposed under the canceled procurement, based on the information provided," Johnson said.
"Any attempt by Boeing to estimate this would likely be inaccurate by tens or hundreds of millions of dollars, which could easily cover the cost of one or more of the aircraft."
Johnson said that the pricing would probably be long overtaken anyway by the time that new proposals were submitted for the acquisition since close to two years would have passed since the pricing information at issue was submitted.
"During that time, economic conditions of the commercial aircraft market have changed, and the individual postures of both Northrop Grumman and Boeing have undoubtedly changed," he added. (Reporting by Andrea Shalal-Esa; Editing by Phil Berlowitz)

Saturday, October 24, 2009

Honeywell Reports Third Quarter Sales of $7.7 Billion and Earnings of $0.80 Per Share

Honeywell Reports Third Quarter Sales of $7.7 Billion and Earnings of $0.80 Per Share
- Stronger Than Expected Earnings - Sales On Track, Positive Cost Actions
- Cash Flow From Operations $2.6B YTD; Free Cash Flow $2.3B YTD, Up 14%
- Full-Year EPS Guidance ~$2.85, Raising Free Cash Flow To ~$3.0 Billion
Source: Honeywell
On 7:00 am EDT, Friday October 23, 2009
Buzz up! 0 Print.Companies:Honeywell International Inc.
MORRIS TOWNSHIP, N.J., Oct. 23 /PRNewswire-FirstCall/ -- Honeywell (NYSE: HON - News) today announced third quarter 2009 sales of $7.7 billion, in line with expectations, versus $9.3 billion in the third quarter last year. Earnings were $0.80 per share compared to $0.97 per share in the third quarter of 2008. Third quarter 2009 EPS included the positive impact of lower than expected tax expense in the quarter of approximately $0.04, which the company expects to be offset on a full-year basis by a higher income tax rate in the fourth quarter of 2009. Cash flow from operations was $1,148 million versus $769 million last year, and free cash flow (cash flow from operations less capital expenditures) was $1,022 million versus $556 million in the third quarter of 2008.

"Honeywell is positioning its businesses for long-term growth by continuing to invest in new products and services, geographic expansion, and key process initiatives," said Honeywell Chairman and Chief Executive Officer Dave Cote. "We executed well in the third quarter with sales on track and better than expected earnings and free cash flow performance. We're particularly pleased with our free cash flow performance year-to-date, which reflects our strong operating disciplines and working capital controls. These results reflect the impact of the growth investments and productivity actions we have taken in the midst of tough market conditions."

"Our employees have responded remarkably in support of both our growth initiatives and productivity actions," continued Cote. "Their contributions have enabled us to meet our performance objectives despite ongoing volume headwinds. By preserving our industrial base and continuing to build a robust pipeline of differentiated technologies and new products for the global marketplace, we're confident Honeywell will emerge from this period a much stronger company, ready to grow and build on our great positions in good industries."

Honeywell forecasts 2009 sales of approximately $31 billion, earnings per share of $2.85 and free cash flow of $3 billion.

Segment Highlights

Aerospace


•Sales were down 16% compared with the third quarter of 2008, resulting from lower volumes in Commercial Aerospace, partially offset by higher sales of original equipment for military platforms, logistics services and advanced aircraft modifications, and upgrades.
•Segment profit was down 12%, primarily due to volume declines, however segment margin increased 80 bps to 17.4% driven by cost savings initiatives and benefits from prior repositioning actions.
•Honeywell SmartPath(TM) Precision Landing System received FAA System Design Approval, making it the first ground-based augmentation system (GBAS) to receive this distinction. SmartPath provides differential Global Positioning System (GPS) corrections to replace or supplement older landing system technology such as Instrument Landing System (ILS), enabling more precision, more flight path flexibility, and more airport throughput.
•Honeywell signed a $77 million contract with AWAS, one of the world's leading aircraft leasing companies, to provide safety and navigational avionics and its fuel-efficient Auxiliary Power Unit (APU). The advanced avionics include IntuVue(TM), Honeywell's 3-D weather radar that allows pilots to better see and avoid weather, wind shear and turbulence, ensuring a safer and more comfortable ride for passengers, as well as cost savings for the airlines.
•Honeywell won a $185 million contract with the United Kingdom's Ministry of Defense to provide T55-L-714A engines and spares to retrofit their fleet of Chinook helicopters. The T55-L-714A engine increases power by 17%, increases maintenance intervals and reduces fuel consumption by nearly 5%.

Automation and Control Solutions


•Sales were down 14%, compared with the third quarter of 2008, resulting from slower economic growth and the unfavorable impact of foreign exchange, partially offset by continued growth in emerging regions, new product introductions, and the net favorable impact from acquisitions and divestitures.
•Segment profit was flat due to lower sales, while segment margin increased 180 bps to 13.5% driven by cost savings initiatives and benefits from prior repositioning actions.
•Building Solutions completed one of the largest solar projects for the Army at Fort Dix, N.J., part of an energy savings performance contract (ESPC) valued at $17.6 million. The ESPC will decrease energy consumption at the post by almost 10% annually.
•Building Solutions signed a $33.6 million, 20-year energy efficiency and facility renewal program with the Minneapolis Public Housing Authority (MPHA). The program will help MPHA improve its infrastructure and reduce energy consumption, saving more than $3.7 million in utility costs per year. The program, which will impact more than 40 high-rise buildings and 700 single-family residences across the city, is one of the largest projects of its kind.
•Process Solutions was selected to automate Flambeau River Biofuels, the largest green diesel plant in the United States. Honeywell will provide the Park Falls, Wisconsin plant with a fully-integrated system to help produce 18 million gallons of green diesel annually from wood waste and forest residue.
•Honeywell Life Safety received a $3.5 million order from Y-12 National Security Complex in Oak Ridge, Tennessee, a U.S. Department of Energy facility, for respiratory protection products.

Transportation Systems


•Sales were down 24% compared with the third quarter of 2008 due to lower volumes primarily driven by lower sales to global automotive OE customers and the negative impact of foreign exchange, partially offset by new platform launches with automotive OE customers and share gains in the automotive aftermarket retail channel.
•Segment profit was down 39% and segment margin decreased 170 bps to 7.1% due to lower sales volumes partially offset by cost savings initiatives and benefits from prior restructuring actions.
•Turbo Technologies was awarded contracts estimated at more than $370 million in revenue over the life of these programs. The contracts, which include critical platform wins with key customers in Europe, Asia, and the U.S. on both gasoline and diesel passenger and commercial vehicle applications, are expected to begin in 2011. Independent analysts expect turbo penetration to grow from 24% of all light vehicles today to around 70% by 2020, and predict rapid turbo adoption in the U.S. reaching close to 25% of the total light vehicle sales in the next five years.
•Honeywell launched its gasoline turbocharging technology on BMW's new ActiveHybrid engine intended for its 7-series and X6 vehicles. This 4.4L, V8 engine combines a hybrid transmission with an advanced gasoline turbocharged engine to deliver 407 hp and provide best-in-class fuel consumption and emissions in this vehicle category.

Specialty Materials


•Sales were down 23% compared with the third quarter of 2008, resulting from lower volumes and the unfavorable impact of pass through raw material price declines at our Resins and Chemicals business, partially offset by higher petrochemical catalyst sales and traction on green initiatives at UOP.
•Segment profit was down 2%, primarily due to volume declines, however segment margin increased 330 bps to 15.2% due to the positive impact of lower material costs and cost savings initiatives.
•UOP announced that its green jet fuel process technology will be used to produce nearly 600,000 gallons of green jet fuel, made from sustainable, non-food feedstocks including animal fats, algae, and camelina, for the U.S. Navy and Air Force. This is part of a joint program for the U.S. Defense Energy Support Center for alternative fuels testing and certification.
•Electronic Materials announced the launch of SOLARC, a new anti-reflective coating that improves the efficiency and power output of photovoltaic panels. This new product uses materials originally developed for semiconductor manufacturing to improve the light transmittance through the glass that covers photovoltaic panels.

Honeywell will discuss its results during its investor conference call today starting at 8:00 a.m. EDT. To participate, please dial (719) 457-2683 a few minutes before the 8:00 a.m. start. Please mention to the operator that you are dialing in for Honeywell's investor conference call. The live webcast of the investor call will be available through the "Investor Relations" section of the company's Website (http://www.honeywell.com/investor). Investors can access a replay of the webcast starting at 11:00 a.m. EDT, October 23, until midnight EDT, October 30, by dialing (719) 457-0820. The access code is 4845565.

Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.

This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.


Contacts:
Media Investor Relations
Robert C. Ferris Elena Doom
(973) 455-3388 (973) 455-2222
rob.ferris@honeywell.com elena.doom@honeywell.com


Consolidated Statement of Operations (Unaudited)
------------------------------------------------
(In millions except per share amounts)

Three Months Ended Nine Months Ended
September 30, September 30,
2009 2008 2009 2008
---- ---- ---- ----

Product sales $5,947 $7,375 $17,569 $22,363
Service sales 1,753 1,900 5,267 5,481
----- ----- ----- -----
Net sales 7,700 9,275 22,836 27,844
----- ----- ------ ------

Costs, expenses and other
Cost of products
sold (A) 4,657 6,153 13,781 17,749
Cost of services
sold (A) 1,140 1,323 3,454 3,722
----- ----- ----- -----
5,797 7,476 17,235 21,471
Selling, general
and administrative
expenses (A) 1,034 1,309 3,270 3,854
Other (income)
expense (39) (660) 14 (730)
Interest and other
financial
charges 110 112 350 342
--- --- --- ---
6,902 8,237 20,869 24,937
----- ----- ------ ------

Income before taxes 798 1,038 1,967 2,907
Tax expense 179 315 489 808
--- --- --- ---

Net income 619 723 1,478 2,099

Less: Net income
attributable to the
noncontrolling interest 11 4 23 14
-- - -- --

Net income attributable
to Honeywell $608 $719 $1,455 $2,085
==== ==== ====== ======

Earnings per share of
common stock - basic $0.80 $0.98 $1.94 $2.82
===== ===== ===== =====

Earnings per share
of common stock -
assuming dilution $0.80 $0.97 $1.94 $2.79
===== ===== ===== =====

Weighted average
number of shares
outstanding - basic 761 731 749 739
=== === === ===

Weighted average number of
shares outstanding -
assuming dilution 764 738 751 748
=== === === ===


(A) Cost of products and services sold and selling, general and
administrative expenses include amounts for repositioning and other
charges, pension and other post-retirement expense, and stock
compensation expense.



Segment Data (Unaudited)
------------------------
(Dollars in millions)

Three Months Ended Nine Months Ended
September 30, September 30,
Net Sales 2009 2008 2009 2008
--------- ---- ---- ---- ----

Aerospace $2,622 $3,110 $8,100 $9,421

Automation and
Control Solutions 3,188 3,688 9,202 10,484

Specialty Materials 1,015 1,321 3,117 4,180

Transportation
Systems 875 1,156 2,417 3,759

Corporate - - - -
---- ---- ---- ----

Total $7,700 $9,275 $22,836 $27,844
====== ====== ======= =======



Reconciliation of Segment Profit to Income Before Taxes
-------------------------------------------------------

Three Months Ended Nine Months Ended
September 30, September 30,
------------- -------------
Segment Profit 2009 2008 2009 2008
-------------- ---- ---- ---- ----

Aerospace $455 $516 $1,397 $1,681

Automation and
Control Solutions 431 430 1,088 1,148

Specialty Materials 155 158 430 609

Transportation
Systems 62 102 84 400

Corporate (43) (48) (133) (153)
--- --- ---- ----

Total Segment
Profit 1,060 1,158 2,866 3,685

Other income/
(expense) (A) 31 633 (37) 681
Interest and
other financial
charges (110) (112) (350) (342)
Stock compensation
expense (B) (18) (31) (95) (107)
Pension and other
postretirement
expense (B) (51) (36) (48) (89)
Repositioning and
other charges (B) (114) (574) (369) (921)
---- ---- ---- ----

Income before
taxes $798 $1,038 $1,967 $2,907
==== ====== ====== ======


(A) Equity income/(loss) of affiliated companies is included in Segment
Profit

(B) Amounts included in cost of products and services sold and selling,
general and administrative expenses.



Honeywell International Inc.
Consolidated Balance Sheet (Unaudited)
--------------------------------------
(Dollars in millions)

September 30, December 31,
2009 2008
---- ----

ASSETS
Current assets:
Cash and cash equivalents $2,604 $2,065
Accounts, notes and other receivables 6,464 6,129
Inventories 3,576 3,848
Deferred income taxes 900 922
Other current assets 342 299
--- ---
Total current assets 13,886 13,263

Investments and long-term receivables 471 670
Property, plant and equipment - net 4,828 4,934
Goodwill 10,520 10,185
Other intangible assets - net 2,265 2,267
Insurance recoveries for asbestos related
liabilities 1,045 1,029
Deferred income taxes 1,698 2,135
Other assets 1,060 1,007
----- -----

Total assets $35,773 $35,490
======= =======

LIABILITIES AND SHAREOWNERS' EQUITY
Current liabilities:
Accounts payable $3,201 $3,773
Short-term borrowings 253 56
Commercial paper 696 1,431
Current maturities of long-term debt 1,019 1,023
Accrued liabilities 5,865 6,006
----- -----
Total current liabilities 11,034 12,289

Long-term debt 6,256 5,865
Deferred income taxes 730 698
Postretirement benefit obligations other than
pensions 1,554 1,799
Asbestos related liabilities 1,559 1,538
Other liabilities 5,045 6,032
Shareowners' equity 9,595 7,269
----- -----

Total liabilities and shareowners' equity $35,773 $35,490
======= =======



Honeywell International Inc.
Consolidated Statement of Cash Flows (Unaudited)
-------------------------------------------------
(Dollars in millions)


Three Months Ended Nine Months Ended
September 30, September 30,
------------- -------------
2009 2008 2009 2008
---- ---- ---- ----
Cash flows from operating
activities:
Net income attributable
to Honeywell $608 $719 $1,455 $2,085
Adjustments to reconcile
net income to net cash
provided by operating
activities:
Depreciation and
amortization 242 247 711 693
Gain on sale of non-
strategic businesses
and assets (15) (623) (15) (635)
Repositioning and
other charges 114 574 369 921
Net payments for
repositioning and
other charges (153) (97) (447) (237)
Pension and other
postretirement
expense 51 36 48 89
Pension and other
postretirement benefit
payments (48) (50) (144) (153)
Stock compensation
expense 18 31 95 107
Deferred income taxes 87 5 432 248
Excess tax benefits
from share based
payment arrangements - (2) - (21)
Other (12) (61) 274 28
Changes in assets and
liabilities, net of
the effects of
acquisitions and
divestitures:
Accounts, notes
and other
receivables (140) 155 202 (465)
Inventories 96 (49) 350 (393)
Other current
assets (57) 16 (49) (4)
Accounts payable 36 (76) (605) 210
Accrued
liabilities 321 (56) (61) 59
--- --- --- --
Net cash provided by
operating activities 1,148 769 2,615 2,532
----- --- ----- -----

Cash flows from investing
activities:
Expenditures for
property, plant and
equipment (126) (213) (352) (552)
Proceeds from disposals
of property, plant and
equipment 4 2 21 52
Decrease in investments - - 1 14
Increase in investments - (4) - (4)
Cash paid for
acquisitions, net of
cash acquired (440) (800) (468) (2,108)
Proceeds from sales of
businesses, net of
fees paid 1 921 1 921
Other (5) - (53) 7
-- -- --- -
Net cash used for
investing activities (566) (94) (850) (1,670)
---- --- ---- ------

Cash flows from financing
activities:
Net increase/(decrease)
in commercial paper 298 689 (735) 459
Net (decrease)/ increase
in short-term
borrowings (120) 1 (313) 22
Proceeds from issuance
of common stock 11 16 20 142
Proceeds from issuance
of long-term debt - - 1,488 1,487
Payments of long-term
debt (611) - (1,104) (425)
Excess tax benefits
from share based
payment arrangements - 2 - 21
Repurchases of common
stock - (1,018) - (1,459)
Cash dividends paid on
common stock (232) (201) (684) (610)
---- ---- ---- ----
Net cash used for
financing activities (654) (511) (1,328) (363)
---- ---- ------ ----

Effect of foreign
exchange rate changes
on cash and cash
equivalents 70 (76) 102 (36)
-- --- --- ---

Net (decrease)/increase
in cash and cash equivalents (2) 88 539 463
Cash and cash equivalents
at beginning of period 2,606 2,204 2,065 1,829
----- ----- ----- -----
Cash and cash equivalents
at end of period $2,604 $2,292 $2,604 $2,292
====== ====== ====== ======



Honeywell International Inc.
Reconciliation of Cash Provided by Operating Activities to Free Cash
Flow (Unaudited)
--------------------------------------------------------------------
(Dollars in millions)

Three Months Ended Nine Months Ended
September 30, September 30,
------------- -------------
2009 2008 2009 2008
---- ---- ---- ----

Cash provided by operating
activities $1,148 $769 $2,615 $2,532

Expenditures for property, plant
and equipment (126) (213) (352) (552)
---- ---- ---- ----

Free cash flow $1,022 $556 $2,263 $1,980
====== ==== ====== ======


We define free cash flow as cash provided by operating activities, less
cash expenditures for property, plant and equipment.

We believe that this metric is useful to investors and management as a
measure of cash generated by business operations that will be used to
repay scheduled debt maturities and can be used to invest in future growth
through new business development activities or acquisitions, and to pay
dividends, repurchase stock, or repay debt obligations prior to their
maturities. This metric can also be used to evaluate our ability to
generate cash flow from business operations and the impact that this cash
flow has on our liquidity.

mySBX Launches Web-Based Tool for Government Contractors to Manage GWAC Contracts

mySBX ~ October 23, 2009
RESTON, VA--(Marketwire - 10/23/09) - mySBX today launched mySBX Contracts Suite -- a powerful Web-based tool that enables government contractors to find qualified partners, form contract teams and create winning bids on GWAC and IDIQ task orders -- all from their own dedicated Web portal.
mySBX launched as the first online business collaboration and resource planning network for government contractors, and approximately 7,000 contractors and 10,000 professionals rely on mySBX to secure new business, get idle consultants billable and become more discoverable to potential customers and partners. mySBX Contracts Suite was developed specifically to provide large contractors with complete visibility into the process of tracking, managing, distributing and reporting on their task orders and solicitations under consideration.
"For government contractors, the days of trying to manage task orders and contract vehicles by emails and spreadsheets are over," said Jeff White, CEO and co-founder of mySBX. "By eliminating built-in inefficiencies that slow down the task order management process, businesses can spend less time trying to administer contracts, and more time winning them."
From a customized Center of Excellence Web page, a contractor can track responses from its GWAC/IDIQ business development and business capture managers to quickly assess whether task order requirements can be met internally; then, contractors can make the portal externally accessible to identify and manage teaming partners with needed qualifications.
In addition, mySBX Contracts Suite arms contractors with the ability to:
-- Manage GWAC vehicles (Alliant, ENCORE II, SeaPort-e, DHS EAGLE, etc.), contract pipelines and small business teaming opportunities from a single, customized Web portal.
-- Track small business qualifications in real time in order to quickly identify contract needs, form teams and win business.
-- Report all task order responses from small businesses to significantly enhance auditing requirements and diversity accountability.
-- Distribute requests for information to internal divisions and have real-time visibility into staff responses for each contract task order.
mySBX Contracts Suite is one of five enterprise-grade Software-as-a-Service (SaaS) solutions enabling government contractors to grow their business and streamline operations for government contract management, business development and capture, supplier management and teaming.
"mySBX.com is assisting ManTech in finding firms around the globe to join our teams with cleared staff and solutions on our nation's most pressing priorities. This is a forerunner of how to increase efficiency and reduce time in federal contracting," said John Sutton, Senior Vice President, Information Systems and Technologies, Defense Group, ManTech International.
About mySBX
Reston, Va.-based mySBX is a free online business collaboration and resource planning network that enables large businesses, small businesses and consulting professionals to identify the right people, at the right organizations, and at the right time to secure new business opportunities. Organizations of any size -- as well as individuals -- can leverage the mySBX network to identify teaming opportunities, monetize idle short-term staffing resources and become more discoverable to prospective customers, partners and employers.
Visit http://www.mySBX.com for additional information.
Contact:
Contact:

Brian Lustig
(301) 775-6203

Defense Solutions Holding, Inc. Representing US and Asian Oil Refineries in Iraq

Defense Solutions Holding, Inc. (OTC Bulletin Board: DFSH), announced today that it entered agreements to represent one American-owned refinery group (3 refineries) and two Asian refinery groups (4 refineries) to secure oil contracts in Iraq
Defense Solutions Holding, Inc. ~ October 23, 2009
EXTON, Pa., Oct. 23 /PRNewswire-FirstCall/ -- Defense Solutions Holding, Inc. (OTC Bulletin Board: DFSH - News), announced today that it entered agreements to represent one American-owned refinery group (3 refineries) and two Asian refinery groups (4 refineries) to secure oil contracts in Iraq.
"Iraq needs qualified customers for its oil," stated Colonel (Ret) Timothy Ringgold, CEO of DFSH. "Our American and Iraqi staff in Baghdad and our American and Iraqi staff in the United States are now in a position to meet the needs of Iraq's Ministry of Oil."
Defense Solutions, Inc. supplies armored vehicles to international customers friendly to American interests. In 2005, Defense Solutions supplied 77 T-72 tanks to the Iraqi Army under contracts with NATO, Iraq, and the US Army. Since then, Defense Solutions entered joint development agreements to produce the NATO-compatible armored personnel carrier, the BTR-4.
"As one of very few American firms licensed to conduct business in Iraq, Defense Solutions is positioned to facilitate crude oil contracts for the seven refineries we are now representing," Ringgold added. "Iraq produces approximately 2 million barrels of oil a day and holds proven reserves of approximately 115 billion barrels, which are relatively accessible and economical to tap. Ending its 40 year seclusion from the rest of the world, Iraq now aims to develop what is considered the world's second largest oil reserves."
About Defense Solutions:
Defense Solutions Holding, Inc. is headquartered in Exton, PA. Established in 2001, Defense Solutions' founding corporate philosophy was to deliver the world's best solutions to military members so they can perform their jobs with minimal risk. Defense Solutions has worked for Federal and State departments and agencies, the White House, and international allied organizations including the Iraq's Defense Ministry, NATO, and the Multi-National Force in Iraq to devise and implement strategies supporting military and civilian programs. Earlier this year, Defense Solutions entered into the oil trading business in Iraq.
For more information visit: http://www.ds-pa.com.
TIMOTHY RINGGOLD
Defense Solutions, Inc.
+1.610.833.6000
ringgold@ds-pa.com
http://www.ds-pa.com/

Boeing submits bids for $2bln India defence projects

"NEW DELHI, Oct 23 (Reuters) - Boeing Co (BA.N) has submitted two proposals to the Indian Air Force, offering the AH-64D Apache and the CH-47F Chinook in a deal potentially worth $2 billion, Boeing's country head and Indian officials said on Friday.
India invited bids in May for 22 attack helicopters and at least 15 heavy-lift helicopters as it plans to replace its ageing Soviet-era fleet with modern weapon systems.
'The Apache will be a capable and lethal defender of India's troops and assets, while the Chinook will answer many of the country's military and humanitarian needs,' Vivek Lall, vice president and India country head for Boeing Integrated Defense Systems, said on Friday.
'We have no idea of the timeline and how long will it take as we have just submitted our proposals,' Lall told Reuters.
The company has already signed a $2.1 billion contract for supplying eight P-8I warfare planes to the Indian Navy.
The Indian government says it will prioritise defence and push forward pending projects to modernise its armed forces especially after the Mumbai attacks in November revealed security loopholes.
It is looking to spend more than $30 billion over the next five years to modernise its defence systems. (Editing by Nick Macfie)"

Wednesday, October 21, 2009

Northrop Grumman Begins Full Rate Production of New Radar for B-2 Bomber

Northrop Grumman Corp. ~ October 21, 2009
PALMDALE, Calif., Oct. 21, 2009 (GLOBE NEWSWIRE) -- The nation's fleet of B-2 stealth bombers will all receive a new Northrop Grumman Corporation (NYSE:NOC - News)-developed radar system following the U.S. Air Force's decision to authorize full-rate production of the units by the company's Radar Modernization Program (RMP).
The decision, made Oct. 16 by the assistant Secretary of the Air Force for Acquisition (acting), allows Northrop Grumman to begin fabrication of the balance of radar units needed to outfit the entire fleet. Those units will be produced as the final installment of the $468 million RMP contract awarded to the company by the Air Force in Dec. 2008.
Northrop Grumman is the Air Force's prime contractor for the B-2, the flagship of the nation's long range arsenal, and one of the most survivable aircraft in the world.
"Putting this new radar on America's flight line helps ensure that the B-2 fleet is ready day or night to protect the nation's interests worldwide," said Dave Mazur, vice president and B-2 program manager for Northrop Grumman. "The new radar also makes it easier for our modernization team to add additional mission capabilities to the jet in the future."
Northrop Grumman is currently producing radar units authorized under the RMP low rate initial production program, added Mazur. The company is also installing radar units in operational B-2s as part of the RMP system development and demonstration phase.
The B-2 radar modernization program replaces the aircraft's original radar system with one that incorporates technology improvements that have occurred since the B-2 was originally designed in the early 1980s.
Raytheon Space & Airborne Systems, El Segundo, Calif. developed the new radar hardware under contract to Northrop Grumman. The units include a new advanced electronically scanned array antenna, a power supply and a modified receiver/exciter.
The B-2 is the only U.S. aircraft that combines stealth, long range, large payload and precision weapons in a single platform. In concert with the Air Force's air superiority fleet, which provides airspace control, and the Air Force's tanker fleet, which enables global mobility, the B-2 helps ensure an effective U.S. response to threats anywhere in the world. It can fly more than 6,000 nautical miles unrefueled and more than 10,000 nautical miles with just one aerial refueling, giving it the ability to reach any point on the globe within hours.
The 20-aircraft fleet of B-2s is operated by the 509th Bomb Wing from its headquarters at Whiteman AFB, Mo.
Northrop Grumman Corporation is a leading global security company whose 120,000 employees provide innovative systems, products, and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide.
Contact:
Brooks McKinney,APR
Northrop Grumman Aerospace Systems
(310) 331-6610
Cell: (310) 864-3785
brooks.mckinney@ngc.com
Daryl Mayer
USAF AFMC 88 ABW/PA
(937) 522-3520
Daryl.mayer@wpafb.af.mil

Sunday, October 11, 2009

Sikorsky X2 Technology(TM) Demonstrator Wins Breakthrough Award from Popular Mechanics

Sikorsky Aircraft Corp. ~ October 9, 2009
STRATFORD, Conn., Oct. 9 /PRNewswire-FirstCall/ -- Sikorsky Aircraft Corp.'s X2 Technology(TM) demonstrator program has been recognized by Popular Mechanics magazine with a 2009 Breakthrough Innovator Award. Sikorsky is a subsidiary of United Technologies Corp. (NYSE: UTX - News).
(Logo: http://www.newscom.com/cgi-bin/prnh/20060403/SIKORSKYLOGO )
Members of the X2 Technology team attended a luncheon and awards ceremony hosted by Popular Mechanics Oct. 8 at the Hearst Tower in New York City.
"With the average top speed of conventional helicopters at approximately 160 or 170 knots, the X2 Technology(TM) demonstrator is on a path to set a new standard, so the recognition from Popular Mechanics is an exciting achievement for the team," said Jim Kagdis, Program Manager, Sikorsky Advanced Programs. "The full team has been dedicated to proving out the X2 Technology features, and we are pleased to be sharing the continuing success of the program with the world through this recognition."
Aiming to achieve the highest speed ever recorded for a helicopter, the X2 Technology demonstrator combines an integrated suite of technologies intended to advance the state-of-the-art, counter-rotating coaxial rotor helicopter. It is designed to demonstrate a helicopter can cruise comfortably at 250 knots while retaining such desirable attributes as excellent low speed handling, efficient hovering, and a seamless and simple transition to high speed.
The X2 Technology program, based at the Sikorsky Development Flight Center in Florida, to date has achieved a maximum test flight speed of 106 knots.
The X2 Technology program began in 2005 when Sikorsky first committed resources and full funding for the program's development.
"Sikorsky Aircraft was founded on the ingenuity and creativity of Igor Sikorsky, and the company has continued to value that pioneering spirit through the years," said Mark Miller, Sikorsky Vice President of Research & Engineering. "The X2 Technology program is a great example of how Sikorsky Aircraft continues to be a leader in innovation."
Among the technologies the X2 Technology demonstrator employs are:
*Fly-by-wire flight controls
*Counter-rotating rigid rotor blades
*Hub drag reduction
*Active vibration control
Integrated auxiliary propulsion system
Popular Mechanics, a monthly publication with a circulation of 1.2 million, covers personal technology, cars and home improvement, as well as the science and technology behind major issues. The magazine is published by Hearst Magazines, a unit of Hearst Corp. and one of the world's largest publishers of monthly magazines. The magazine's Breakthrough Awards, given annually, were established five years ago to recognize and celebrate innovations "poised to change the world, and the passionate, smart creators behind them," according to the magazine.
Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in helicopter design, manufacture, and service. United Technologies Corp., based in Hartford, Conn., provides a broad range of high-technology products and support services to the aerospace and building systems industries.

ATK Propulsion and Composite Technologies Key to Successful Delta II Launch

ATK Supports Launch of DigitalGlobe WorldView-2 SatelliteATK Propellant Tank Helps Power WorldView-2 Satellite
ATK ~ October 9, 2009
MINNEAPOLIS, Oct. 9 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK - News) played a key role in the successful launch of a United Launch Alliance Delta II rocket for The Boeing Company today from Space Launch Complex 2W at Vandenberg Air Force Base, Calif., carrying DigitalGlobe's WorldView-2 commercial satellite.
Nine ATK GEM-40 solid propulsion strap-on boosters provided augmented thrust for the launch. Six of the boosters ignited at lift-off with the first-stage main engine and provided over 824,000 pounds maximum thrust for the launch vehicle. Just over one minute later, the remaining three boosters ignited to provide an additional 427,000 pounds maximum thrust. The spent motors were then jettisoned from the rocket as it continued its ascent.
ATK manufactured the GEM-40 motors at its facility in Magna, Utah, continuing a tradition of flight support for Delta II missions that began in 1990. The composite cases for the GEM-40 boosters were produced at ATK's Clearfield, Utah, facility and are made of graphite epoxy material using an automated filament winding process the company developed and refined through its 50-year heritage in composite manufacturing.
The 10-foot diameter composite payload fairing, encapsulating the payload, was fabricated by ATK's Iuka, Mississippi facility. The fairing was produced using advanced composite hand layup manufacturing, machining, and inspection techniques. This was the 18th ATK-built fairing flown on a Delta II mission.
In addition to hardware on the launch vehicle, ATK provided hardware for the satellite. ATK's facility in Commerce, Calif., supplied an off-the-shelf 40-inch diameter propellant tank to Ball Aerospace for the WorldView-2 program. The propellant tank contains an elastomeric diaphragm which will provide active propellant management throughout the mission.
WorldView-2 is the first high-resolution, 8-band multispectral satellite commercially available. Along with the four typical multispectral bands - blue, green, red and near infrared - WorldView-2 is introducing the following new color bands for enhanced multispectral analysis: red edge, coastal, yellow and near infrared 2. Operating at an altitude of 770 kilometers, WorldView-2 will provide half-meter panchromatic resolution and 1.8-meter multispectral resolution. WorldView-2 will have an average revisit time of 1.1 days and will be capable of collection up to 975,000 square kilometers (376,000 square miles) per day, doubling the DigitalGlobe collection capacity.
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 www.atk.com.
Media Contact: Investor Contact:
George Torres Jeff Huebschen
Phone: 801-699-2637 Phone: 952-351-2929
E-mail: george.torres@atk.com E-mail: jeff.huebschen@atk.com

NewMarket Technology, Inc. Announces $2 Million Debt Reduction and Release of Collateral

NewMarket Technology, Inc. ~ October 9, 2009
DALLAS, TX--(Marketwire - 10/09/09) - NewMarket Technology, Inc. (Pinksheets:NWMT - News) today announced a transaction under which the senior term notes the Company issued in the fourth quarter of 2007 will be exchanged for the issuance of preferred equity with a new investor. The transaction announced today will also release all of NewMarket's assets that have been held as collateral under the terms of a security agreement that was part of the senior debt. NewMarket has now ended its obligation to the subject lender. This comprehensive transaction reduces the Company's total outstanding debt by approximately $2 million. More details will be reviewed in a Webcast scheduled for next Tuesday, October 13, 2009.
Corporate Information and E-mail Updates
To sign up to receive email updates or to obtain more information on the Company, please visit www.newmarkettechnology.com.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket is a reporting company with audited financial reports filed with the SEC. NewMarket provides systems integration, technology infrastructure services and emerging technology worldwide. NewMarket has a focus on providing technology and support services to rapidly growing economies where technology purchasing is on the rise. In addition to its base of operations in North America, NewMarket has operations today in the growing economies of China, Southeast Asia, Brazil and Northern Latin America. Last year the Company reported over $40 million in revenue from Asia and over $20 million in revenue from Latin America. Overall, NewMarket reported over $95 million in revenue for 2008.
Across the globe, NewMarket is a Microsoft and Oracle partner, distributes various computer hardware and peripherals from brand partners such as Dell, HP, IBM, Cisco, Sony, Epson, Canon and Sanyo and is also an authorized reseller of operating systems and various software from companies such as Red Hat, Sybase, IBM, BEA, Veritas and others. Additionally, the Company works with emerging technologies such as mobile computing, various security and wireless broadband technologies.
NewMarket's rapid growth since 2002 has placed the Company on the Deloitte Technology Fast 500 for 5 consecutive years. NewMarket was recognized as the third fastest growing technology company in the United States in 2006 and the number one fastest growing technology company in North Texas for two years in a row.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Contact:
Contact:

NewMarket Technology, Inc.
Investor Relations
214-722-3065
ir@newmarkettechnology.com

iLOOKABOUT Now Preferred Supplier to England's City of Westminster

iLOOKABOUT Corp. ~ October 9, 2009
LONDON, ONTARIO--(Marketwire - 10/09/09) - iLOOKABOUT Corp. (TSX-V:ILA - News) ("iLOOKABOUT" or the "Company") announced today that it has been awarded preferred supplier status and a five year contract for the provision of StreetScape imagery and visual data intelligence services to Westminster City Council, London, U.K. Financial terms of the contract were not disclosed.
The new contract follows a comprehensive three month pilot study of the StreetScape product and services. iLOOKABOUT and Westminster City Council staff collaborated on the design and implementation of the visual data intelligence systems required to meet Westminster's needs. For more information visit www.iLOOKABOUT.com
The pilot test results proved StreetScape's superiority in picture resolution and navigation through seamless street-level images while providing close proximity views of curbs and other infrastructure assets of importance. Compatibility of the visual data intelligence with existing City Council work processes was also cited for its cost and labour efficiencies. It is expected that several departments including Transportation, Parking, Planning and Customer Services will adopt the StreetScape product and services. The system will be used internally and by selected contractors only.
"It is always gratifying to see StreetScape perform so well for our customers," said Jeff Young, President and CEO of iLOOKABOUT. "This was a true customer-company collaborative effort during the pilot and we fully intend to maintain this approach as we continue our work for Westminster City Council."
iLOOKABOUT will begin full systems integration this month with a view to making the system live on the City Council's internal network during October.
Westminster is home to some of the most famous buildings in the world including Buckingham Palace, Westminster Abbey, Piccadilly Circus and Big Ben.
About iLOOKABOUT
iLOOKABOUT is a visual data intelligence company serving commercial enterprise in the municipal, real estate and insurance sectors in North America and Europe with products and services including iLOOKABOUT StreetScape and Virtual Tours. A pioneer in visual data with its Virtual Tour product, the company recently developed iLOOKABOUT StreetScape, a visual data intelligence product for the geo-spatial market. iLOOKABOUT StreetScape is panoramic, comprehensive, street level perspective visual data, geo-coded with latitude and longitude coordinates for accuracy and supported by patented software processes and proprietary security and storage systems. Headquartered in London, Ontario, Canada, iLOOKABOUT also has offices in Toronto, Canada. iLOOKABOUT's shares are traded on the TSX Venture Exchange under the symbol ILA.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Contacts:

iLOOKABOUT
Jeff Young
President and CEO
info@ilookabout.com
www.iLOOKABOUT.com
Westminster City Council
Cherie Willers
Media Officer
+44 (0) 207 641 2259

Goodrich Presents Composite Technology Research of Malaysia with Strategic Supplier Award

- Composite components manufacturer receives prestigious award for its performance and use of lean practices
Goodrich Corporation; GR - Nacelles and Interior Systems ~ October 9, 2009
CHARLOTTE, N.C., Oct. 9, 2009 /PRNewswire-FirstCall/ -- Goodrich Corporation (NYSE: GR - News) has chosen Composite Technology Research of Malaysia (CTRM) as a recipient of the Goodrich Strategic Supplier Award, which recognizes excellence in the supply chain. CTRM received the award for exceptional quality and delivery performance in providing composite components for the Goodrich Aerostructures business, as well as its participation in continuous improvement activities.
Dan Pleshko, chief supply chain officer for Goodrich, presented the award to CTRM during a visit to the company's headquarters in Melaka, Malaysia. "CTRM has been a strategic supplier to our Aerostructures business unit since 2004 and we look forward to working with the company for many more years," said Pleshko. "They share with us a common pursuit of excellence through the disciplined application of the lean principles of the Toyota Production System and the Goodrich continuous improvement philosophy."
Tim Martin, director of materiel and supply chain for Goodrich's Aerostructures business, said, "We recently decided to make CTRM a center of excellence for some large composite component production. That designation, as well as their receipt of the Goodrich Strategic Supplier award, demonstrates our confidence in CTRM."
Goodrich has provided in-depth training in lean principles at CTRM's manufacturing sites, and works closely with the company to advance its lean implementation.
The Goodrich Strategic Supplier Award recognizes suppliers that demonstrate outstanding quality at required delivery schedules, a commitment to customer satisfaction, and adoption of lean operating principles and continuous improvement.
Composites Technology Research Malaysia Sdn Bhd was incorporated in November 1990 with the Malaysian Ministry of Finance, Incorporated as its principle shareholder. CTRM is entrusted with a strategic role to develop a high technology-based industry in the areas of aerospace and composite technologies. The government identified these two industries as the most crucial constituents to the future industrial growth for Malaysia.
Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to aerospace, defense and homeland security markets. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with significant worldwide manufacturing and service facilities. For more information, visit http://www.goodrich.com.
Goodrich Corporation operates through its divisions and as a parent company for its subsidiaries, one or more of which may be referred to as "Goodrich Corporation" in this press release.

Constant Aviation Completes First Embraer Legacy 600 Install of Aircell High Speed Internet System

Simultaneous Aircell Installation and 48 Month Inspection Completed in 30 Days
Constant Aviation, LLC ~ October 9, 2009
RICHMOND HEIGHTS, Ohio--(BUSINESS WIRE)--Constant Aviation, LLC, a Nextant Aerospace company headquartered at Cleveland Hopkins International Airport, delivered the first Embraer Legacy 600 with Aircell Axxess® and ATG 4000 High Speed Internet System.“Not only did Constant Aviation perform the 48 Month Inspection in 30 days but simultaneously was able to install the Aircell High Speed Internet system as well,” said Kurt Keyes, Lead Pilot.
The Aircell Axxess® system along with the ATG 4000 provides worldwide Iridium voice telephone service and broadband data in the continental United States. The system is an affordable solution in business aviation that provides a true high speed Internet experience that equals what passengers are accustomed to on the ground. It is up to 56 times faster than a traditional dial-up connection, yet it is small and light enough to fit on virtually any business aircraft. An Aircell High Speed Internet unit for business aviation weighs just 11 pounds and its two belly-mounted antennae weigh just 1.25 pounds each. This new system is in high demand from business aviation operators and aircraft owners.
About Constant Aviation
Constant Aviation, LLC, is a Nextant Aerospace company, with locations at Cleveland Hopkins International Airport and Birmingham International Airport. Constant Aviation has raised the bar in aircraft maintenance expectations. Constant Aviation is one of only 43 Repair Stations to hold Class 3 and 4 ratings as well as Radio Class 1, 2, and 3 ratings. As one of the most respected business aircraft maintenance organizations in the country, Constant Aviation understands the importance of aircraft availability, predictability and minimizing operational costs for their customers. For more information, please visit www.constantaviation.com or call 216.261.7119.
About Nextant Aerospace
Nextant Aerospace was formed for the primary purpose of developing aircraft modernization programs and operates two full-service corporate aircraft maintenance and overhaul facilities located at Cleveland Hopkins International Airport (CLE) and Birmingham Alabama International Airport (BHM). For more information, please visit www.nextantaerospace.com.
Contact:
Constant Aviation

Aimee Dalton,
216-261-9000
adalton@constantaviation.com
www.constantaviation.com

Mikros Systems Corporation Expects ADEPT IDIQ Contract Award by Year End; Announces $570,000 Contract Award

USS Wayne E. Meyer to be Commissioned October 10, 2009
Mikros Systems Corporation ~ October 9, 2009
PRINCETON, N.J., Oct. 9 /PRNewswire-FirstCall/ -- Mikros Systems Corporation (OTC Bulletin Board: MKRS - News), announced today the award of a $570,000 contract for support of the U.S. Navy's Above Water Radar Group. The contract was awarded by Technology Service Corporation (TSC), headquartered in Silver Spring, MD, for work that will be performed over the next six months.
TSC provides engineering and services support to U.S. Government programs, including the U.S. Navy's Aegis Combat System. "We are very pleased to be partnering with TSC on this important project," stated Tom Meaney, President of Mikros. "Our capabilities in electronic systems development and distance support blend well with TSC's radar and sensor engineering expertise."
Mikros will provide project management and engineering assistance on various projects, including support for new acquisition radar programs. This contract also provides for continuation of pre-production engineering tasks in support of the Adaptive Diagnostic Electronic Portable Testset (ADEPT).
ADEPT, developed by Mikros, is a configurable, modular test set that automates and accelerates a range of preventive and corrective maintenance activities for complex radar and electronic equipment. ADEPT also provides advanced distance support capabilities by allowing subject matter experts based onshore to collaborate in real-time with technicians aboard the ship. ADEPT has been designed to improve mission readiness and performance of complex shipboard electronic equipment and is especially applicable to the highly capable Aegis Combat System found on U.S. and International Cruisers and Destroyers.
Mikros has been anticipating an Indefinite-Delivery, Indefinite-Quantity (IDIQ) contract award for ADEPT. Although delays in the Government contracting process have been experienced, award is still expected by year end. This contract is expected to include orders for the immediate delivery of 15 ADEPT systems. "We are working with the Government very closely and are at the final stages of the contracting process," stated Marc Dalby, Vice-President, Business Development and Operations. "We also expect additional task and delivery orders for engineering support and up to 30 ADEPT systems could be awarded within six months of the initial award."
USS Wayne E. Meyer to be Commissioned
On Saturday, October 10, 2009, the U.S. Navy will commission the USS Wayne E. Meyer (DDG 108) in Philadelphia, PA. Rear Admiral (Ret.) Wayne E. Meyer provided valuable leadership and guidance to Mikros by serving as Director and Chairman of the Mikros Board of Directors since 1988. He is widely regarded as the "Father of Aegis" for his 13 years of service as the Aegis Weapon System Manager and later, the founding project manager of the Aegis Shipbuilding Project Office. Tom Meaney stated, "The DDG-108 Wayne E. Meyer is the most advanced surface combatant in the world, and knowing ADEPT will be onboard to help maintain the SPY-1 radar is very rewarding."
About Mikros
Mikros Systems Corporation is an advanced technology company specializing in the research and development of electronic systems technology primarily for military applications. Classified by the U.S. Department of Defense as a small business, its capabilities include technology management, electronic systems engineering and integration, radar systems engineering, combat/command, control, communications, computers and intelligence systems engineering, and communications engineering. Mikros' primary business is to pursue and obtain contracts from the Department of Homeland Security, U.S. Navy, and other governmental authorities. For more information on Mikros visit: www.mikros.us
Important Information about Forward-Looking Statements: All statements in this news release other than statements of historical facts are forward-looking statements which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause the Company's actual results, events or financial positions to differ materially from those included within the forward-looking statements. Such factors include, but are not limited to, changes in business conditions, changes in our sales strategy and product development plans, decline in or a redirection of the U.S. defense budget, continued services of our executive management team, our limited marketing experience, competition between us and other companies seeking SBIR grants, market acceptance of our products under development, delays in the development of products, statements of assumption underlying any of the foregoing, and other factors disclosed in our annual report on Form 10-K for the year ended December 31, 2008 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date hereof.

Northrop Grumman-built LCROSS Satellite Impacts Moon

Northrop Grumman Corp. ~ October 9, 2009
REDONDO BEACH, Calif., Oct. 9, 2009 (GLOBE NEWSWIRE) -- Astronomers and space enthusiasts worldwide cheered as the Lunar CRater Observation and Sensing Satellite (LCROSS) successfully impacted the moon's Cabeus crater this morning at 4:31 a.m. Pacific Daylight Time. LCROSS was built and integrated by Northrop Grumman Corporation (NYSE:NOC - News) under contract to NASA Ames Research Center. The dramatic impact represents the end of a 112-day mission to find water ice on the moon that could serve as a resource for future lunar outposts. According to NASA, the debris cloud created by LCROSS' impact produced good telemetry and was recorded by space and ground-based observatories. NASA will gather and analyze impact data from professional and amateur astronomers worldwide over the next several months to determine if water ice is present.
"The success of this mission is a tribute to the tremendous engineering skills and partnership between Northrop Grumman and NASA Ames Research Center," said Steve Hixson, vice president of Advanced Concepts-Space and Directed Energy Systems for Northrop Grumman Aerospace Systems. "We believe LCROSS will open the doors to new research and exploration missions based on the LCROSS model."
Built on a tight budget and schedule, LCROSS uses a standardized structural element; commercial-off-the-shelf hardware, sensors and components; flight-proven payload instruments and sophisticated risk management. The spacecraft was ready for delivery in just 29 months for a total mission cost of $79 million.
Northrop Grumman Corporation is a leading global security company whose 120,000 employees provide innovative systems, products, and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide.
Contact:
Sally Koris

Northrop Grumman Aerospace Systems
310.812.4721
Cell: 310.567.5279
sally.koris@ngc.com

TeleCommunication Systems Receives $1.8 Million Order From Army Technology Applications Office

Work Will Support Interoperability Command at Fort Bragg
TeleCommunication Systems, Inc. ~ October 9, 2009
ANNAPOLIS, MD--(Marketwire - 10/09/09) - TeleCommunication Systems, Inc. (TCS) (NASDAQ:TSYS - News), a leading provider of mission-critical wireless communications, today announced that it has received a $1.8 million contract from the U.S. Army. This award is funded by the Program Executive Office Enterprise Information Systems' (PEO EIS) Technology Applications Office (TAO).
This award covers the upgrade of the Army's second existing X-Band earth terminal in support of the Interoperability Command in Fort Bragg, North Carolina. The upgrade will improve the terminal's performance, increase capacity and expand capability and will align this second terminal's overall technological state with that of the first X-Band terminal, which TCS upgraded earlier this year.
"TCS has had a good working relationship with the TAO for several years," said Michael Bristol, senior vice president of government solutions for TCS. "We are pleased to provide them the critical support necessary to maintain a modern communications infrastructure."
TCS has established a proven track record over the past decade of providing cost effective, highly reliable solutions to the Department of Defense, Special Operations and intelligence communities, the Department of Homeland Security and the Department of State. For more information on TCS government solutions visit: http://www1.telecomsys.com/government/index.cfm
About TeleCommunication Systems, Inc.TeleCommunication Systems, Inc. (TCS) (NASDAQ:TSYS - News) engineers and delivers highly reliable wireless communications technology. TCS is a leader in wireless text messaging and location-based technology, including E9-1-1 services and commercial applications like navigation that use the precise location of a wireless device, and secure satellite-based communications systems and services. Customers include leading wireless and VoIP carriers around the world, cable MSOs, automotive telematics vendors, and agencies of the U.S. Departments of Defense, State, and Homeland Security. TCS is one of six primary vendors on a $5 billion Army Worldwide Satellite Systems Contract vehicle. For more information, visit www.telecomsys.com.
Except for the historical information contained herein, this news release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. These statements are subject to risks and uncertainties and are based upon TCS' current expectations and assumptions that if incorrect would cause actual results to differ materially from those anticipated. Risks include without limitation those detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended December 31, 2008, and Form 10-Q for the quarter ended September 30, 2009.
Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update or revise the information in this press release, whether as a result of new information, future events or circumstances, or otherwise.
Contact:
Company Contact:

TeleCommunication Systems, Inc.
Meredith Allen
410-295-1865
MAllen@telecomsys.com
Media Contact:
Welz & Weisel Communications
Evan Weisel
703-218-3555
evan@w2comm.com
Investor Relations:
Liolios Group, Inc.
Scott Liolios
949-574-3860
info@liolios.com