Investorideas.com newswire, defense and security sector

Friday, August 12, 2011

Thursday's Defense and Security Stocks Trading; ACFN, ABAX, RTN, OTC: VSUL

Point Roberts, WA - August 12, 2011 � Investorideas.com, an investor research portal covering multiple stock sectors including defense and security stocks, presents a sector close up on defense and security stocks Aug 11. Investors saw gains in Thursday�s trading session as the roller coaster week continued. Markets are opening higher this morning on better than expected retail sales data.
Thursday's Trading:
Acorn Energy, Inc. (NASDAQ:ACFN) added 0.15 (3.09%) to $5.00 after it reported second quarter results for the period ending June 30, 2011. Revenues increased 30.3% to $10.72 million from $8.23 million, primarily due to strong growth at CoaLogix and GridSense, where revenue growth was well above expectations. Total gross profit declined 14.2% to $2.98 million from $3.48 million in the comparable-period last year.
Security and sensor company, Visualant, Incorporated (OTC: VSUL) closed at $0.17. The company reported last week that its subsidiary, TransTech Systems, was recently awarded a renewal maintenance contract for the California Department of Corrections and Rehabilitation (“CDCR”) for Staff Identification Card Systems (“SICS”).
Abaxis, Inc. (NASDAQ:ABAX) climbed 1.03 (4.80%) to $22.48. Earlier this week, it announced that its Board of Directors has approved the repurchase of up to an aggregate of $40,000,000 of its Common Stock. The repurchases will be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market.
Raytheon Company (NYSE:RTN) surged 1.32 (3.38%) to $40.32 after it has been awarded a $32.2 million U.S. Navy contract for the Global Positioning System-based Positioning, Navigation and Timing Service program for Navy surface and subsurface platforms. GPNTS, designed to replace the current Navigation Sensor System Interface, supports mission-critical real-time positioning, navigation, and timing (PNT) data services, including weapons, combat systems, and other command, control, communications and intelligence systems that require PNT information.
  • Kratos Defense & Security Solutions (NasdaqGS: KTOS) closed with a gain of 2.65% to $8.52.
  • Alliant Techsystems Inc. (NYSE:ATK ) rose 1.69 (3.06%) to end the day at $56.83.
  • Northrop Grumman (NYSE: NOC ) surged 1.69 (3.37%) to $51.78.
  • Comcam International Inc (OTC: CMCJ) climbed 0.080 (47.06%) to $0.25.
  • AAR Corp. (NYSE:AIR ) added 0.92 (4.13%) to close at $23.22.
Research more defense and security stocks with the defense stocks directory at Investorideas.com.
Security Company Snapshot:
About Visualant, Inc. (OTCBB: VSUL)
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Visualant, Inc . develops low-cost, high speed, light-based security and quality control solutions for use in homeland security, anti-counterfeiting, forgery/fraud prevention, brand protection and process control applications. Its patent-pending technology uses controlled illumination with specific bands of light, to establish a unique spectral signature for both individual and classes of items. When matched against existing databases, these spectral signatures allow precise identification and authentication of any item or substance. This breakthrough optical sensing and data capture technology is called Spectral Pattern Matching (SPM). SPM technology can be miniaturized and is easily integrated into a variety of hand-held or fixed mount configurations, and can be combined in the same package as a bar-code or biometric scanner. www.visulant.net
Through its wholly owned subsidiary, TransTech Systems, Inc., the Company provides security and authentication solutions to security and law enforcement markets throughout the United States. www.ttsys.com
Contact Visualant, Inc.
Lynn Felsinger, 206-903-1341
lynn@visualant.net
Investor RelationsCore Consulting Group
Paul DeRiso, 925-465-6088
paul@coreconsultingroup.com
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