Analogic Corporation Receives $16 Million Order for Its Aviation Security Systems
PEABODY, Mass.--May 7 2009 --Analogic Corporation (NASDAQ: ALOG) announced today that it has received an order from L-3 Security & Detection Systems for Explosives Detection Systems (EDSs) valued at approximately $16.1 million. The order includes eXaminer® 3DX systems as well as eXaminer SX systems, recently certified by the Transportation Security Administration (TSA).
Peter Cempellin, Vice President and General Manager of Analogic’s Security Systems Division, said, “This order signifies the strong position the eXaminer 3DX still has in the marketplace. In addition, this is the first order for our new eXaminer SX, which was certified by the TSA in January of this year. The eXaminer SX provides industry leading computed tomography (CT) technology in a smaller footprint, giving smaller airports affordable, advanced explosives detection capability. First commercial shipments, which will begin this June, are destined for airports worldwide.”
The adaptable, streamlined eXaminer SX is suitable for airport lobbies and baggage make-up areas and can also be fully integrated with baggage handling systems. The lower cost eXaminer SX provides the same proven detection capabilities as the larger eXaminer 3DX in a lighter, more compact frame. The system is available in three configurations: in-line, partially integrated, and standalone.
Both the eXaminer 3DX and eXaminer SX systems use 3-D Continuous-Flow CT technology and generate high-resolution 3-D color images in real time. The eXaminer systems also enable 360-degree rotational views of the entire bag and its contents, and provide continuous automatic detection of explosives.
About Analogic
Analogic Corporation is a leading designer and manufacturer of advanced health and security systems and subsystems sold primarily to original equipment manufacturers (OEMs). The Company is recognized worldwide for advancing the state of the art in Automatic Explosives Detection, computed tomography (CT), digital radiography (DR), ultrasound, magnetic resonance imaging (MRI), patient monitoring, and advanced signal processing. For more information, visit www.analogic.com.
About L-3 Security & Detection Systems
With a broad range of systems and technology, and an installed base of more than 20,000 systems worldwide, L-3 Security & Detection Systems offers screening technologies for numerous security applications that include: aviation systems for hold-baggage explosives detection, oversized baggage, and checkpoint screening; cargo and air freight screening; port and border inspection; and facility protection. L-3 Security & Detection Systems’ customer base includes major airlines, airports, numerous government agencies around the world (including the U.S. Department of Homeland Security, U.S. Federal Protective Service, U.S. Customs and Border Protection, U.S. Department of State, and U.S. Department of Agriculture) and international authorities throughout Europe, the Middle East, Africa, Asia and Latin America. To learn more about L-3 Communications Security & Detection Systems, please visit the company’s Web site at www.L-3com.com/SDS.
About L-3 Communications
Headquartered in New York City, L-3 Communications employs approximately 65,000 people worldwide and is a prime contractor in aircraft modernization and maintenance, C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems and government services. L-3 is also a leading provider of high technology products, subsystems and systems. The company reported 2008 sales of $14.9 billion. To learn more about L-3, please visit the company’s Web site at www.L-3com.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “could” and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the Company’s Safe Harbor Compliance Statement for Forward-looking Statements included in the Company’s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the Company undertakes no obligation to update these forward-looking statements.
Contacts Analogic CorporationMark Namaroff, 978-326-4058Director of Strategic Marketingand Investor Relationsmnamaroff@analogic.com
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Thursday, May 7, 2009
Wednesday, May 6, 2009
BAE Systems, General Dynamics Submit Final Proposal on U.S. Navy Electronic Warfare System to Defeat Sophisticated Maritime Threats
BAE Systems, General Dynamics Submit Final Proposal on U.S. Navy Electronic Warfare System to Defeat Sophisticated Maritime Threats
HUDSON, N.H May 6 2009 BAE Systems and General Dynamics Advanced Information Systems have submitted their final proposal to provide the surface-ship electronic warfare (EW) system for the U.S. Navy’s Surface Electronic Warfare Improvement Program (SEWIP) Block 2 upgrade competition.
The next-generation SEWIP Block 2 system is designed to defeat increasingly sophisticated maritime threats by intercepting and classifying threat radars, particularly those on anti-ship cruise missiles. The BAE Systems and General Dynamics Sea Lightning team will seamlessly integrate EW open architecture capabilities with the Navy’s latest generation combat direction and management systems.
“Sea Lightning provides the foundation for electronic warfare in the maritime environment,” said Greg Smith, vice president of information dominance systems for BAE Systems. “It was born from the need to better protect Navy surface ships against the evolving cruise missile threat and will provide the Navy the capability they’ve asked for.”
“Our solution leverages the best electronic warfare capabilities of both BAE Systems and General Dynamics,” said Mike Tweed-Kent, vice president and general manager of integrated combat systems for General Dynamics Advanced Information Systems. “Our team is prepared to provide the Navy with the best technology upgrades at a lower cost and a shortened execution schedule.”
The SEWIP Block 2 will upgrade the Navy’s AN/SLQ-32(V) electronic support measures system. The AN/SLQ-32(V) provides early warning of enemy threats and initiates decoy engagements to defeat attacks by guided weapons. SEWIP Block 2 will upgrade the system’s receiver, antenna and combat system interface. The Navy is expected to award a contract in 2009. For more information about SEWIP Block 2, please visit www.baesystems.com/sealightning.
About BAE Systems
BAE Systems is the premier global defense, security and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services. With approximately 105,000 employees worldwide, BAE Systems' sales exceeded £18.5 billion (US $34.4 billion) in 2008.
Contacts Matthew C. Bates, BAE SystemsTel: +1 603-885-4558 Mobile: +1 603-318-6521matthew.bates@baesystems.comorShannon Smith, BAE SystemsTel: +1 703-907-8257 Mobile: +1 703-967-3854shannon.n.smith@baesystems.comhttp://www.baesystems.com/
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HUDSON, N.H May 6 2009 BAE Systems and General Dynamics Advanced Information Systems have submitted their final proposal to provide the surface-ship electronic warfare (EW) system for the U.S. Navy’s Surface Electronic Warfare Improvement Program (SEWIP) Block 2 upgrade competition.
The next-generation SEWIP Block 2 system is designed to defeat increasingly sophisticated maritime threats by intercepting and classifying threat radars, particularly those on anti-ship cruise missiles. The BAE Systems and General Dynamics Sea Lightning team will seamlessly integrate EW open architecture capabilities with the Navy’s latest generation combat direction and management systems.
“Sea Lightning provides the foundation for electronic warfare in the maritime environment,” said Greg Smith, vice president of information dominance systems for BAE Systems. “It was born from the need to better protect Navy surface ships against the evolving cruise missile threat and will provide the Navy the capability they’ve asked for.”
“Our solution leverages the best electronic warfare capabilities of both BAE Systems and General Dynamics,” said Mike Tweed-Kent, vice president and general manager of integrated combat systems for General Dynamics Advanced Information Systems. “Our team is prepared to provide the Navy with the best technology upgrades at a lower cost and a shortened execution schedule.”
The SEWIP Block 2 will upgrade the Navy’s AN/SLQ-32(V) electronic support measures system. The AN/SLQ-32(V) provides early warning of enemy threats and initiates decoy engagements to defeat attacks by guided weapons. SEWIP Block 2 will upgrade the system’s receiver, antenna and combat system interface. The Navy is expected to award a contract in 2009. For more information about SEWIP Block 2, please visit www.baesystems.com/sealightning.
About BAE Systems
BAE Systems is the premier global defense, security and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services. With approximately 105,000 employees worldwide, BAE Systems' sales exceeded £18.5 billion (US $34.4 billion) in 2008.
Contacts Matthew C. Bates, BAE SystemsTel: +1 603-885-4558 Mobile: +1 603-318-6521matthew.bates@baesystems.comorShannon Smith, BAE SystemsTel: +1 703-907-8257 Mobile: +1 703-967-3854shannon.n.smith@baesystems.comhttp://www.baesystems.com/
Research defense stocks with the global defense stocks directory at Investorideas.com
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Defense Budget Winners and Losers-How Defense Companies Boeing (NYSE:BA), Northrop Grumman (NYSE:NOC),OTCBB: OPXS) and others are Impacted
Defense Budget Winners and Losers
How Defense Companies Boeing (NYSE:BA), Northrop Grumman (NYSE:NOC), General Dynamics (NYSE:GD), Optex Systems Holdings, Inc. (OTCBB: OPXS) and others are Impacted
POINT ROBERTS, Wash., DELTA, B.C. - May 6, 2009 – http://www.homelanddefensestocks.com/, a leading global investor and industry portal for the defense and security sector, within Investorideas.com, presents a sector close-up on defense stocks following recently announced changes in the Defense Budget.
Defense Budget Winners and Losers
Lisa Springer CFA, Equity research analyst and financial writer
The 2010 defense budget presented by Defense Secretary Robert Gates offers growth prospects for defense contractors involved in cyber security, intelligence, surveillance and reconnaissance, but disappointments for big ticket programs such as F-22 fighter jets, combat search and rescue helicopters and missile intercepting lasers. Secretary Gate’s budget suggests major changes to more than 50 weapons programs, some cancellations and increased funding to a select few. At $534 billion, the 2010 budget is 4% higher than last year and nearly double America’s annual defense budget in the year leading up to the September 11, 2001 terrorist attacks. Secretary Gates is also seeking supplemental funding of $130 billion for the wars in Iraq and Afghanistan next year, down from $141.4 billion in supplemental funding for these operations in the current fiscal year.
Significant programs that lost funding included ground-based missile defense, Army ground vehicle modernization and military transport C-17 aircraft programs managed by Boeing (NYSE:BA) and the DDG-1000 Navy destroyer program jointly managed by Northrop Grumman (NYSE:NOC) and General Dynamics (NYSE:GD). In general, Secretary Gate’s budget shifts spending away from big ticket defense programs conceived during the Cold War to smaller programs that have already proven their usefulness in combat such as unmanned drones used to hunt insurgents in Afghanistan, Iraq and Pakistan. Secretary Gate’s request for a $2.0 billion increase in cyber security and reconnaissance spending for 2010 is a positive development for prime contractors Lockheed Martin ( NYSE:LMT), Northrop Grumman and Raytheon (NYSE:RTN), who have already established substantial capabilities in this segment.
Share prices for several of the major defense contractors rose after the new budget was announced because spending cuts were not as deep as many investors had feared. Lockheed Martin will see funding reductions in some areas but overall fared reasonably well under the new budget. For example, although Secretary Gate’s budget caps purchases of Lockheed’s F-22 fighters at the 187 jets already ordered, it increases 2010 funding 65% to $11.2 billion for Lockheed’s next generation F-35 Joint Strike Fighter. The Pentagon plans to acquire 513 F-35 fighter jets, priced at $80 million apiece, over the next five years and at least 2,300 F-35 fighter jets over the 30 year life of the contract. The Department of Defense also announced plans to purchase two expensive new imaging satellites as part of a contract likely to be awarded to Lockheed Martin, and the Navy shared its plans to purchase three Littoral Combat Ships (LCS) manufactured by General Dynamics and Lockheed Martin. These ships, designed to operate in shallow seas and within 100 miles of shore, are priced at approximately $500 million apiece.
A major change in the new defense budget is the gutting of the Army’s $200 billion Future Combat Systems (FCS) program and its eight program ground vehicles. These vehicles include next generation tanks, cannons and infantry carriers. When first announced six years ago, FCS was lauded as the program that would equip a 21st century military force with high-tech combat vehicles able to outgun and out-maneuver any enemy. The hard lesson learned in Iraq and Afghanistan, however, was that these lightweight vehicles were too thinly armored to survive insurgent attacks with road-side bombs. A few pieces of the FCS program will continue to be funded such as ground robots and unmanned aerial drones. This is welcome news for AeroVironment (NASDAQ:AVAV), a small cap defense contractor and leading supplier of military unmanned aerial vehicles.
Budget plans that defer spending on next-generation FCS platforms are also positive news for defense contractors supplying assemblies and spare parts for existing military vehicle platforms. Because of FCS program cuts, Abrams tanks and Bradley and Stryker ground vehicles are likely to remain the workhorses of the U.S. military for at least the next 20 years. Optex Systems Holdings, Inc. (OTCBB: OPXS ) is a small cap company benefitting from this trend. Founded in 1987, Optex supplies sighting systems and replacement optics installed on most types of U.S. military vehicles, including Abrams, Bradley and Stryker fighting vehicles. In addition, the company’s optical sighting systems target the big Howitzer guns used by the U.S. military to shell insurgent positions in the mountains of Afghanistan with lethal effectiveness. Demand for Optex sighting systems is likely to rise as the war in Afghanistan ramps up and the company is working with its military customers to increase its production and capabilities. Besides military sales, Optex also sees opportunities to integrate some of its night vision and optical sight product lines into retail applications.
In fiscal 2009, Optex (OTCBB: OPXS) expects to recognize $27.4 million in revenues from its sizable contract backlog and the company is actively pursuing on other large government contracts. Backlog was $44 million at fiscal year-end and $39 million at the end of the first quarter of fiscal 2009. Optex revenues rose 64.5% year-over-year during first quarter of fiscal 2009 to $7.2 million and net losses fell to $0.03 million from $0.69 million one year earlier.
Lisa Springer Bio/ Disclaimer: http://www.investorideas.com/About/Lisa-Springer-CFA/
Optex Systems Holdings, Inc. (OTCBB: OPXS) is a featured defense stock and showcase company on Investor Ideas defense investor portals, Homelandefensestocks.com, BorderandPortsecurity.com and http://www.nationalhomelandsecurityknowledgebase.com/
Visit Optex Systems Holdings, Inc. (OTCBB: OPXS) Company Profile: http://www.investorideas.com/CO/OPTEX/
About Homelanddefensestocks.com- HomelandDefenseStocks.com Portal is a global meeting place for investors and industry following defense and security, within Investorideas.com. Global visitors use the site daily to research the latest news, articles, audio, research reports and stock directories.
Defense Stocks Directory: http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.
InvestorIdeas.com Disclaimer.: www.InvestorIdeas.com/About/Disclaimer.asp
Our sites do not make recommendations, but offer information portals to investors to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of any information presented. All information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is compensated by featured companies, news submissions and online advertising. OPXS Disclosure: Optex is a featured showcase company and compensates Investorideas.com $3000 month and sixty two thousand 144 shares issued quarterly.
Optex Systems Holdings, Inc. has not been consulted as to the content of this article. Optex specifically disclaims any involvement with the creation or review thereof, and specifically disclaims the making of any warranties as to the factual nature of the article or its conclusions or of its failure to make a statement where one may be warranted.
For more information contact: Dawn Van Zant 800.665.0411 Email: dvanzant@HomelandDefenseStocks.com
Source: HomelandDefenseStocks.com, Investor Ideas.com
How Defense Companies Boeing (NYSE:BA), Northrop Grumman (NYSE:NOC), General Dynamics (NYSE:GD), Optex Systems Holdings, Inc. (OTCBB: OPXS) and others are Impacted
POINT ROBERTS, Wash., DELTA, B.C. - May 6, 2009 – http://www.homelanddefensestocks.com/, a leading global investor and industry portal for the defense and security sector, within Investorideas.com, presents a sector close-up on defense stocks following recently announced changes in the Defense Budget.
Defense Budget Winners and Losers
Lisa Springer CFA, Equity research analyst and financial writer
The 2010 defense budget presented by Defense Secretary Robert Gates offers growth prospects for defense contractors involved in cyber security, intelligence, surveillance and reconnaissance, but disappointments for big ticket programs such as F-22 fighter jets, combat search and rescue helicopters and missile intercepting lasers. Secretary Gate’s budget suggests major changes to more than 50 weapons programs, some cancellations and increased funding to a select few. At $534 billion, the 2010 budget is 4% higher than last year and nearly double America’s annual defense budget in the year leading up to the September 11, 2001 terrorist attacks. Secretary Gates is also seeking supplemental funding of $130 billion for the wars in Iraq and Afghanistan next year, down from $141.4 billion in supplemental funding for these operations in the current fiscal year.
Significant programs that lost funding included ground-based missile defense, Army ground vehicle modernization and military transport C-17 aircraft programs managed by Boeing (NYSE:BA) and the DDG-1000 Navy destroyer program jointly managed by Northrop Grumman (NYSE:NOC) and General Dynamics (NYSE:GD). In general, Secretary Gate’s budget shifts spending away from big ticket defense programs conceived during the Cold War to smaller programs that have already proven their usefulness in combat such as unmanned drones used to hunt insurgents in Afghanistan, Iraq and Pakistan. Secretary Gate’s request for a $2.0 billion increase in cyber security and reconnaissance spending for 2010 is a positive development for prime contractors Lockheed Martin ( NYSE:LMT), Northrop Grumman and Raytheon (NYSE:RTN), who have already established substantial capabilities in this segment.
Share prices for several of the major defense contractors rose after the new budget was announced because spending cuts were not as deep as many investors had feared. Lockheed Martin will see funding reductions in some areas but overall fared reasonably well under the new budget. For example, although Secretary Gate’s budget caps purchases of Lockheed’s F-22 fighters at the 187 jets already ordered, it increases 2010 funding 65% to $11.2 billion for Lockheed’s next generation F-35 Joint Strike Fighter. The Pentagon plans to acquire 513 F-35 fighter jets, priced at $80 million apiece, over the next five years and at least 2,300 F-35 fighter jets over the 30 year life of the contract. The Department of Defense also announced plans to purchase two expensive new imaging satellites as part of a contract likely to be awarded to Lockheed Martin, and the Navy shared its plans to purchase three Littoral Combat Ships (LCS) manufactured by General Dynamics and Lockheed Martin. These ships, designed to operate in shallow seas and within 100 miles of shore, are priced at approximately $500 million apiece.
A major change in the new defense budget is the gutting of the Army’s $200 billion Future Combat Systems (FCS) program and its eight program ground vehicles. These vehicles include next generation tanks, cannons and infantry carriers. When first announced six years ago, FCS was lauded as the program that would equip a 21st century military force with high-tech combat vehicles able to outgun and out-maneuver any enemy. The hard lesson learned in Iraq and Afghanistan, however, was that these lightweight vehicles were too thinly armored to survive insurgent attacks with road-side bombs. A few pieces of the FCS program will continue to be funded such as ground robots and unmanned aerial drones. This is welcome news for AeroVironment (NASDAQ:AVAV), a small cap defense contractor and leading supplier of military unmanned aerial vehicles.
Budget plans that defer spending on next-generation FCS platforms are also positive news for defense contractors supplying assemblies and spare parts for existing military vehicle platforms. Because of FCS program cuts, Abrams tanks and Bradley and Stryker ground vehicles are likely to remain the workhorses of the U.S. military for at least the next 20 years. Optex Systems Holdings, Inc. (OTCBB: OPXS ) is a small cap company benefitting from this trend. Founded in 1987, Optex supplies sighting systems and replacement optics installed on most types of U.S. military vehicles, including Abrams, Bradley and Stryker fighting vehicles. In addition, the company’s optical sighting systems target the big Howitzer guns used by the U.S. military to shell insurgent positions in the mountains of Afghanistan with lethal effectiveness. Demand for Optex sighting systems is likely to rise as the war in Afghanistan ramps up and the company is working with its military customers to increase its production and capabilities. Besides military sales, Optex also sees opportunities to integrate some of its night vision and optical sight product lines into retail applications.
In fiscal 2009, Optex (OTCBB: OPXS) expects to recognize $27.4 million in revenues from its sizable contract backlog and the company is actively pursuing on other large government contracts. Backlog was $44 million at fiscal year-end and $39 million at the end of the first quarter of fiscal 2009. Optex revenues rose 64.5% year-over-year during first quarter of fiscal 2009 to $7.2 million and net losses fell to $0.03 million from $0.69 million one year earlier.
Lisa Springer Bio/ Disclaimer: http://www.investorideas.com/About/Lisa-Springer-CFA/
Optex Systems Holdings, Inc. (OTCBB: OPXS) is a featured defense stock and showcase company on Investor Ideas defense investor portals, Homelandefensestocks.com, BorderandPortsecurity.com and http://www.nationalhomelandsecurityknowledgebase.com/
Visit Optex Systems Holdings, Inc. (OTCBB: OPXS) Company Profile: http://www.investorideas.com/CO/OPTEX/
About Homelanddefensestocks.com- HomelandDefenseStocks.com Portal is a global meeting place for investors and industry following defense and security, within Investorideas.com. Global visitors use the site daily to research the latest news, articles, audio, research reports and stock directories.
Defense Stocks Directory: http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.
InvestorIdeas.com Disclaimer.: www.InvestorIdeas.com/About/Disclaimer.asp
Our sites do not make recommendations, but offer information portals to investors to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of any information presented. All information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is compensated by featured companies, news submissions and online advertising. OPXS Disclosure: Optex is a featured showcase company and compensates Investorideas.com $3000 month and sixty two thousand 144 shares issued quarterly.
Optex Systems Holdings, Inc. has not been consulted as to the content of this article. Optex specifically disclaims any involvement with the creation or review thereof, and specifically disclaims the making of any warranties as to the factual nature of the article or its conclusions or of its failure to make a statement where one may be warranted.
For more information contact: Dawn Van Zant 800.665.0411 Email: dvanzant@HomelandDefenseStocks.com
Source: HomelandDefenseStocks.com, Investor Ideas.com
Tuesday, May 5, 2009
Raytheon (NYSE: RTN) Awarded up to $138 Million for Information Assurance and Network Operations
Raytheon (NYSE: RTN) Awarded up to $138 Million for Information Assurance and Network Operations
FALLS CHURCH, Va., May 5, 2009 - The Defense Information Systems Agency of the Department of Defense awarded Raytheon Company (NYSE: RTN) an information assurance and network operations contract worth up to $138 million.
The contract guarantees Raytheon $23.2 million for one year. Four options could extend the contract to five years for a potential $138 million.Under the Multinational Information Sharing contract, Raytheon will design, transition and operate a secure voice, video and data-information sharing and collaboration environment for U.S. and coalition forces.
Raytheon's multinational information sharing solution provides U.S. and coalition forces the ability to share information across a flexible and secure environment. The system connects disparate networks into a single, integrated network that enables compartmented, multilevel information sharing.
"Using commercial off-the-shelf products, Raytheon created a system that reduces waste and redundancy and speeds access to information. Actions that once took hours or days to be completed can happen in a matter of seconds," said Andy Zogg, vice president, Raytheon Network Centric Systems' Command and Control Systems. "That kind of efficient, open architecture system results from Raytheon's years as an industry leader in systems integration and international information sharing solutions."
The Raytheon team will also enhance, consolidate and sustain existing multinational information sharing networks while developing the new system.
Raytheon Company, with 2008 sales of $23.2 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 87 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services.
With headquarters in Waltham, Mass., Raytheon employs 73,000 people worldwide.
Contact: MB Hodgkiss 508.490.2607 SOURCE Raytheon Company
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FALLS CHURCH, Va., May 5, 2009 - The Defense Information Systems Agency of the Department of Defense awarded Raytheon Company (NYSE: RTN) an information assurance and network operations contract worth up to $138 million.
The contract guarantees Raytheon $23.2 million for one year. Four options could extend the contract to five years for a potential $138 million.Under the Multinational Information Sharing contract, Raytheon will design, transition and operate a secure voice, video and data-information sharing and collaboration environment for U.S. and coalition forces.
Raytheon's multinational information sharing solution provides U.S. and coalition forces the ability to share information across a flexible and secure environment. The system connects disparate networks into a single, integrated network that enables compartmented, multilevel information sharing.
"Using commercial off-the-shelf products, Raytheon created a system that reduces waste and redundancy and speeds access to information. Actions that once took hours or days to be completed can happen in a matter of seconds," said Andy Zogg, vice president, Raytheon Network Centric Systems' Command and Control Systems. "That kind of efficient, open architecture system results from Raytheon's years as an industry leader in systems integration and international information sharing solutions."
The Raytheon team will also enhance, consolidate and sustain existing multinational information sharing networks while developing the new system.
Raytheon Company, with 2008 sales of $23.2 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 87 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services.
With headquarters in Waltham, Mass., Raytheon employs 73,000 people worldwide.
Contact: MB Hodgkiss 508.490.2607 SOURCE Raytheon Company
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Defense Stock Company Profile for Optex Systems Holdings, Inc. (OTCBB: OPXS)
Defense Stock Company Profile for Optex Systems Holdings, Inc. (OTCBB: OPXS)
Point Roberts May 5, 2009 - http://www.investorideas.com/ and its leading defense stocks investor portal, Homelanddefensestocks.com, add Optex Systems Holdings, Inc. (OTCBB: OPXS) to its directory of company profiles by industry sectors.
Optex Systems Holdings, Inc., (OTCBB:OPXS ) through its wholly-owned subsidiary, Optex Systems, Inc. manufactures optical sighting systems and assemblies primarily for Department of Defense (DOD) applications. Its products are installed on a majority of types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles and have been selected for installation on the Future Combat Systems(FCS) Stryker vehicle. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors.
Current customers include General Dynamics (NYSE: GD), Northrop Grumman Corporation (NYSE:NOC) and Raytheon Company (NYSE: RTN).
Read the full company profile:
Visit Optex Systems Holdings, Inc. (OTCBB: OPXS) Company Profile: http://www.investorideas.com/CO/OPTEX/
The company profiles consist of the company name, logo, contact info , sector, executive summary, products and services summary, key executives, keywords, and if publicly traded- stock symbol and exchange.
Optex Systems Holdings, Inc. (OTCBB: OPXS) is a featured defense stock and showcase company on Investor Ideas defense investor portals, Homelandefensestocks.com, BorderandPortsecurity.com and http://www.nationalhomelandsecurityknowledgebase.com/
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Source – Investorideas.com
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Point Roberts May 5, 2009 - http://www.investorideas.com/ and its leading defense stocks investor portal, Homelanddefensestocks.com, add Optex Systems Holdings, Inc. (OTCBB: OPXS) to its directory of company profiles by industry sectors.
Optex Systems Holdings, Inc., (OTCBB:OPXS ) through its wholly-owned subsidiary, Optex Systems, Inc. manufactures optical sighting systems and assemblies primarily for Department of Defense (DOD) applications. Its products are installed on a majority of types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles and have been selected for installation on the Future Combat Systems(FCS) Stryker vehicle. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors.
Current customers include General Dynamics (NYSE: GD), Northrop Grumman Corporation (NYSE:NOC) and Raytheon Company (NYSE: RTN).
Read the full company profile:
Visit Optex Systems Holdings, Inc. (OTCBB: OPXS) Company Profile: http://www.investorideas.com/CO/OPTEX/
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Optex Systems Holdings, Inc. (OTCBB: OPXS) is a featured defense stock and showcase company on Investor Ideas defense investor portals, Homelandefensestocks.com, BorderandPortsecurity.com and http://www.nationalhomelandsecurityknowledgebase.com/
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Monday, May 4, 2009
Defense Supplier, Optex Systems, Manufacturer of Optical Sighting Systems, Now Trading On OTC (OTCBB: OPXS)
Defense Supplier, Optex Systems, Manufacturer of Optical Sighting Systems, Now Trading On OTC (OTCBB: OPXS)
RICHARDSON, TX -- May 4, 2009 -- Optex Systems (Optex) (OTC BB:OPXS.OB), a subsidiary of Optex Systems Holdings Inc., a manufacturer of optical sighting systems and assemblies primarily for Department of Defense applications, announced today the March 30th completion of its share exchange with publicly held Sustut Exploration (OTC BB:SSTX.OB). As a result of the transaction, Optex has become a publicly traded company and has applied for, and received, a ticker symbol change. Effective with the start of trading on May 5, 2009, Optex will trade under the ticker symbol (OTC BB:OPXS.OB). The business of Optex Systems is now carried on as the sole line of business.
The ISO 9001:2008 certified company manufactures optical sighting systems and assemblies primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Advanced Security Vehicles and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors.
Optex was privately held from inception until being acquired by publicly traded Irvine Sensors Corp. (NasdaqCM:IRSN - News) on December 30, 2005 and was operated as a wholly owned subsidiary. On October 14, 2008, Optex Systems Inc. (Delaware), of which the Longview Fund LP was a majority shareholder, acquired Optex Systems. On February 20, 2009, Longview Fund conveyed its ownership interests in the Company to Sileas Corp., an entity owned by three of the Company's officers.
Ronald F. Richards, Chairman of Optex, commented, "We have reached a significant milestone in our company's history. I want to personally thank everyone who has made this possible including each and every one of our valuable and talented employees." Mr. Richards continued, "For those investors new to our story, I hope to continue to update you on the latest developments as we expand our operations. We have a rich history delivering high volume products, under multi-year contracts, to large defense contractors. Optex has the reputation and credibility with those customers as a strategic supplier. These long-term, stable government contracts have typically translated into steady growth for our Company. For fiscal year 2008 we recorded revenues of $20.0 million, as compared to $15.4 million in fiscal year 2007, which translated into a year over year increase of $4.6 million or 29.9%."
ABOUT OPTEX SYSTEMS
Optex, which was founded in 1987, is a Richardson, Texas-based ISO 9001:2008 certified concern, which manufactures optical sighting systems and assemblies primarily for Department of Defense (DOD) applications. Its products are installed on a majority of types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Advanced Security Vehicles and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company's website at www.optexsys.com.
Safe Harbor Statement
This Press Release and other written reports and oral statements made from time to time by the Company may contain so-called "forward-looking statements," all of which are subject to risks and uncertainties. You can identify these forward-looking statements by their use of words such as "expects," "plans," "will," "estimates," "forecasts," "projects" and other words of similar meaning. You can identify them by the fact that they do not relate strictly to historical or current facts. These statements are likely to address the Company's growth strategy, financial results and product and development programs. You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company's forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially.
The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company's filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties.
Contact:
Howard Gostfrand
American Capital Ventures
(p) 305.918.7000
(e) Email Contact
Source: Optex Systems
Optex Systems Holdings Inc (OTCBB:OPXS) is a featured defense stock and showcase company on Investor Ideas defense investor portals, Homelandefensestocks.com, BorderandPortsecurity.com and http://www.nationalhomelandsecurityknowledgebase.com/ Disclaimer/Discloscure: click here
Research Global Defense stocks with the defense stocks directory: click here
Research defense stocks with the global defense stocks directory at Investorideas.com
click here:
http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
RICHARDSON, TX -- May 4, 2009 -- Optex Systems (Optex) (OTC BB:OPXS.OB), a subsidiary of Optex Systems Holdings Inc., a manufacturer of optical sighting systems and assemblies primarily for Department of Defense applications, announced today the March 30th completion of its share exchange with publicly held Sustut Exploration (OTC BB:SSTX.OB). As a result of the transaction, Optex has become a publicly traded company and has applied for, and received, a ticker symbol change. Effective with the start of trading on May 5, 2009, Optex will trade under the ticker symbol (OTC BB:OPXS.OB). The business of Optex Systems is now carried on as the sole line of business.
The ISO 9001:2008 certified company manufactures optical sighting systems and assemblies primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Advanced Security Vehicles and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors.
Optex was privately held from inception until being acquired by publicly traded Irvine Sensors Corp. (NasdaqCM:IRSN - News) on December 30, 2005 and was operated as a wholly owned subsidiary. On October 14, 2008, Optex Systems Inc. (Delaware), of which the Longview Fund LP was a majority shareholder, acquired Optex Systems. On February 20, 2009, Longview Fund conveyed its ownership interests in the Company to Sileas Corp., an entity owned by three of the Company's officers.
Ronald F. Richards, Chairman of Optex, commented, "We have reached a significant milestone in our company's history. I want to personally thank everyone who has made this possible including each and every one of our valuable and talented employees." Mr. Richards continued, "For those investors new to our story, I hope to continue to update you on the latest developments as we expand our operations. We have a rich history delivering high volume products, under multi-year contracts, to large defense contractors. Optex has the reputation and credibility with those customers as a strategic supplier. These long-term, stable government contracts have typically translated into steady growth for our Company. For fiscal year 2008 we recorded revenues of $20.0 million, as compared to $15.4 million in fiscal year 2007, which translated into a year over year increase of $4.6 million or 29.9%."
ABOUT OPTEX SYSTEMS
Optex, which was founded in 1987, is a Richardson, Texas-based ISO 9001:2008 certified concern, which manufactures optical sighting systems and assemblies primarily for Department of Defense (DOD) applications. Its products are installed on a majority of types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Advanced Security Vehicles and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company's website at www.optexsys.com.
Safe Harbor Statement
This Press Release and other written reports and oral statements made from time to time by the Company may contain so-called "forward-looking statements," all of which are subject to risks and uncertainties. You can identify these forward-looking statements by their use of words such as "expects," "plans," "will," "estimates," "forecasts," "projects" and other words of similar meaning. You can identify them by the fact that they do not relate strictly to historical or current facts. These statements are likely to address the Company's growth strategy, financial results and product and development programs. You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company's forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially.
The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company's filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties.
Contact:
Howard Gostfrand
American Capital Ventures
(p) 305.918.7000
(e) Email Contact
Source: Optex Systems
Optex Systems Holdings Inc (OTCBB:OPXS) is a featured defense stock and showcase company on Investor Ideas defense investor portals, Homelandefensestocks.com, BorderandPortsecurity.com and http://www.nationalhomelandsecurityknowledgebase.com/ Disclaimer/Discloscure: click here
Research Global Defense stocks with the defense stocks directory: click here
Research defense stocks with the global defense stocks directory at Investorideas.com
click here:
http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
Friday, May 1, 2009
New Defense stock listed on Investorideas.com -Optex Systems Holdings, Inc, (OTCBB:OPXS)
Optex Systems Holdings, Inc, (OTCBB:OPXS) through its wholly-owned subsidiary, Optex Systems, Inc. manufactures optical sighting systems and assemblies primarily for Department of Defense (DOD) applications. Its products are installed on a majority of types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles and have been selected for installation on the Future Combat Systems(FCS) Stryker vehicle. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors.
Current customers include General Dynamics (NYSE: GD), Northrop Grumman Corporation (NYSE:NOC) and Raytheon Company (NYSE: RTN)
read company profile -
http://www.investorideas.com/CO/OPTEX/
Disclaimer - disclosure -
http://www.investorideas.com/About/Disclaimer.asp
Research defense stocks with the global defense stocks directory at Investorideas.com
click here:
http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
Current customers include General Dynamics (NYSE: GD), Northrop Grumman Corporation (NYSE:NOC) and Raytheon Company (NYSE: RTN)
read company profile -
http://www.investorideas.com/CO/OPTEX/
Disclaimer - disclosure -
http://www.investorideas.com/About/Disclaimer.asp
Research defense stocks with the global defense stocks directory at Investorideas.com
click here:
http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
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