Defense Contracting Opportunities in Military Vehicle Refurbishment
Defense Stocks Covered: Raytheon (NYSE:RTN), Northrop Grumman (NYSE:NOC), Lockheed Martin (NYSE:LMT), Boeing (NYSE:BA), AeroVironment (NASDAQ:AVAV), General Dynamics (NYSE:GD), Optex Systems (OTCBB: OPXS)
POINT ROBERTS, Wash., DELTA, B.C. –August 17, 2009 – www.HomelandDefenseStocks.com, a leading global investor and industry portal for the defense and security sector, within Investorideas.com, presents, a defense industry overview, ‘Defense Contracting Opportunities in Military Vehicle Refurbishment’, by Lisa Springer, CFA.
Defense Contracting Opportunities in Military Vehicle Refurbishment
Defense Stocks Covered : Raytheon (NYSE:RTN), Northrop Grumman (NYSE:NOC), Lockheed Martin (NYSE:LMT), Boeing (NYSE:BA), AeroVironment (NASDAQ:AVAV), General Dynamics (NYSE:GD), Optex Systems (OTCBB: OPXS)
Defense Contracting Opportunities in Military Vehicle Refurbishment
Consistent with the changes signaled in the 2010 defense budget back in April, the Pentagon has begun cancelling contracts on a number of big ticket programs covering untested technologies. A case in point is the Kinetic Energy Interceptor program. Work contracts on the KEI laser, a technology for shooting down missiles in mid-flight, have been canceled by the Pentagon. Raytheon (NYSE:RTN), a contractor on the KEI program, lost $2.4 billion from backlog because of the cancellation while backlog for lead contractor Northrop Grumman (NYSE:NOC) fell by $5.1 billion as a result.
Lockheed Martin (NYSE:LMT) experienced a $2.6 billion reduction in backlog because of the cancellation of its contracts for high-tech helicopters and Transformational Satellite Communications systems. Boeing (NYSE:BA) received a partial termination order covering the manned ground vehicle component of the Future Combat Systems (FCS) program and subsequently reduced its FCS program workforce by 30%. FCS program cuts were cited as a reason Standard and Poor’s downgraded Boeing’s debt rating in July.
Massive spending cuts in the Army’s $200 billion FCS program were a major change in the 2010 defense budget but came as a surprise to few defense industry insiders. The intent of the FCS program, with its eight ground vehicles, was to design, test and produce the next-generation of tanks, cannons and infantry carriers to augment the U.S. military’s existing fleet of Abrams tanks and Bradley and Stryker ground vehicles. Proponents argued that FCS high-tech combat vehicles would be lighter, more maneuverable and better-suited to 21st century warfare than their predecessors. When the new vehicles were tested under actual combat conditions, however, the results were disappointing. The new vehicles were indeed faster and more maneuverable, but their light armor made them too fragile. Many were quickly destroyed or severely damaged by road-side bombs. Some pieces of the FSC program, such as ground robots and unmanned drones, did perform well in combat and continue to be funded. This was good news for AeroVironment (NASDAQ:AVAV), a supplier of unmanned military drones, which was able to beat analyst estimates in fiscal 2009 and projects at least 18% revenue growth in fiscal 2010.
General Dynamics (NYSE:GD) and a few other defense contractors that support existing military vehicle platforms are emerging as winners from the 2010 defense budget.. With the development of new platforms on-hold, Abrams tanks and Bradley and Stryker ground vehicles are likely to remain in use by the U.S. military for many more years. General Dynamics designed the Abrams tank and has produced more than 8,800 M1 and M1A1 Abrams tanks since the program’s inception in the early 1980s. General Dynamics also supplies Stryker combat vehicles and to-date has delivered 2,852 of these vehicles to seven separate Army Stryker brigades. British defense contractor BAE Systems developed the Bradley ground vehicle and has supplied more than 6,700 Bradley vehicles to the U.S. military since the early 1980s.
Instead of new vehicles, the U.S. Army is investing in upgrades and refurbishments to its aging military vehicle fleet. In July, the U.S. Army Tank Automotive Command (TACOM) awarded General Dynamics a contract potentially valued at $55.2 million to refurbish 330 Stryker infantry combat vehicles. Under the terms of the contract, General Dynamics will service, repair and upgrade Stryker vehicles returning from Iraq, restore them to like-new condition and prepare them in advance of their next deployment. This refurbishment work is long overdue; the Army’s fleet of Stryker vehicles has accumulated more than six million miles of use since 2003. The July refurbishment contract covers less than 15% of the Stryker fleet, suggesting more refurbishment contacts are likely to be awarded in the future.
Defense contractor Optex Systems (OTCBB: OPXS) should also benefit from refurbishment contract awards since it supplies General Dynamics with weapon optical sighting systems. The company provides optical sighting systems for Abrams tanks and Bradley fighting vehicles and its optical systems have been selected for installation on Stryker vehicles. In July, a General Dynamics business unit awarded Optex a $3.4 million contract to supply high-tech ICWS (Improved Commander’s Weapon Station) periscopes for Abrams tanks. Optex will begin delivering the periscopes in 2011 with delivery continuing through 2012.
Its strong relationships with major defense contractors such as General Dynamics provides Optex with high visibility in the defense contracting market, as evidenced by the company’s recent invitation to participate in the 2nd Annual Heavy Vehicle Summit this September. This event is the leading forum for developers of new technologies for heavy military vehicles such as the Abrams and Bradley. New contracts such as the one awarded in July improve Optex’s order flow and backlog and helped support a greater than 50% year-over-year improvement in revenues during the fiscal nine-month period that ended this June.
Lisa Springer Bio/ Disclaimer: http://www.investorideas.com/About/Lisa-Springer-CFA/
Additional Defense articles by Lisa Springer:
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
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/
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Source: HomelandDefenseStocks.com, Investor Ideas, Optex Systems Holdings Inc. (OTCBB: OPXS)
Monday, August 17, 2009
Thursday, August 13, 2009
Defense Stocks News -Optex Systems (OTCBB:OOXS) Reports Improved Fiscal Third Quarter Financial Results
Defense Stocks News -Optex Systems (OTCBB:OOXS) Reports Improved Fiscal Third Quarter Financial Results
RICHARDSON, Texas, Aug. 13, 2009 -- Optex Systems Holdings, Inc. (OTCBB: OPXS.OB), a leading manufacturer of optical sighting systems and assemblies primarily for Department of Defense applications, today announced strong financial results for the Company's fiscal third quarter ended June 28, 2009.
For this period, the Company recorded increased revenues of $6.9 million as compared to revenues during the same period one year ago of $3.9 million, representing an increase of approximately 77%. During the nine months ended June 28, 2009, we recorded revenues of $21.0 million, as compared to revenue for the nine months ended June 28, 2008 of $13.9 million, an increase of $7.1 million or 51%. Revenues were up significantly across all product lines in the three months ended June 2009 as compared to the comparable period in 2008. Sales of the Company's periscope product lines increased significantly due to higher demand from General Dynamics.
During the quarter ended June 28, 2009, the Company recorded cost of goods sold of $6.4 million as opposed to $2.9 million during the quarter ended June 29, 2008, an increase of $3.5 million or 82.6%. This increase in cost of goods sold was primarily associated with increased revenue on certain of Company's lines in support of higher backlog and accelerated delivery schedules, in addition to increased non-cash intangible amortization charges resulting from the acquisition of Optex - Texas assets from Irvine Sensors Corporation on October 14, 2008.
The gross margin during the quarter ended June 28, 2009 was 8.6% of revenues as compared to a gross margin of 25.6% for the quarter ended June 29, 2008. Product margins decreased substantially to 15.7% for the quarter ended June 28, 2009 versus 25.6% for the quarter ended June 29, 2008 due to a shift in third quarter revenue mix toward less profitable contracts combined with increased labor costs related to the reallocation of labor from general and administrative expenses to manufacturing overhead in 2009. Margins were further impacted by higher non-cash intangible amortization charges allocable to cost of goods sold of $0.4 million, and increased reserves for valuations and warranties of $0.1 million, for a total of 7.1% of revenues in the quarter ended June 28, 2009, resulting in an overall increase in cost of goods sold of 7.1% in the quarter ended June 28, 2009.
During the three months ended June 28, 2009, the Company recorded a loss of $0.3 million, versus a $0.2 million loss during the three months ended June 29, 2008. The loss from operations includes a $0.4 million increase in non-cash amortization of intangible assets as a result of the October 14, 2008 acquisition of the Company from Irvine Sensors Corporation.
Danny Schoening, COO of the Company, commented, "We have experienced substantial improvement in our EBITDA over our prior year performance. Compared to 2008, Optex has increased its EBITDA by $2.4 million in the nine months ended June 28, 2009. This increase in EBITDA is primarily due to increased revenue and lower general and administrative costs. It is our goal and expectation that this trend will continue over the next 12 months as our product mix shifts towards more profitable programs, our non-cash amortization of intangible expenses decreases and we continue to pursue cost reductions."
During the three and nine months ended June 28, 2009, Optex revenues on legacy periscope programs increased significantly over the prior year while margins decreased. The legacy periscope contracts were awarded January 2003, and due to significant material price increases subsequent to the contract award date, the company is experiencing a loss on these contracts. It is expected that product margins on the Company's periscopes will increase over the next 12 months as some of the unprofitable legacy programs are completed and are replaced with potentially profitable new awards. Optex expects that the revenue on the legacy periscope programs will decrease in the last quarter of 2009, at which point it is anticipated that operating margins will increase significantly.
Optex is aggressively pursuing additional, potentially higher margin periscope business, including the May 2009 award of a multi-year Indefinite Delivery/Indefinite Quantity (IDIQ) type contract followed by the first delivery order from the U.S. Army's Tank-Automotive and Armaments Command (TACOM) division. If all government forecasted delivery orders against this IDIQ contract are awarded and if the Company were to share equally with the other supplier in the awarded releases, the total value of the contract to Optex could be valued at approximately $7.5 million over the next three years.
The complete third quarter report, including management's discussion and analysis, financial statements, and notes can be found on the Securities Exchange Commission's website at http://www.sec.gov/.
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 http://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:
ZA Consulting Inc.
David Zazoff
212.505.5976
116 West 23rd St.
Suite 500
New York, NY 10011
Source: Optex Systems Holdings, Inc.
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
Visit Optex Systems Holdings Inc. (OTCBB:OPXS) Company Profile click here
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click here:
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RICHARDSON, Texas, Aug. 13, 2009 -- Optex Systems Holdings, Inc. (OTCBB: OPXS.OB), a leading manufacturer of optical sighting systems and assemblies primarily for Department of Defense applications, today announced strong financial results for the Company's fiscal third quarter ended June 28, 2009.
For this period, the Company recorded increased revenues of $6.9 million as compared to revenues during the same period one year ago of $3.9 million, representing an increase of approximately 77%. During the nine months ended June 28, 2009, we recorded revenues of $21.0 million, as compared to revenue for the nine months ended June 28, 2008 of $13.9 million, an increase of $7.1 million or 51%. Revenues were up significantly across all product lines in the three months ended June 2009 as compared to the comparable period in 2008. Sales of the Company's periscope product lines increased significantly due to higher demand from General Dynamics.
During the quarter ended June 28, 2009, the Company recorded cost of goods sold of $6.4 million as opposed to $2.9 million during the quarter ended June 29, 2008, an increase of $3.5 million or 82.6%. This increase in cost of goods sold was primarily associated with increased revenue on certain of Company's lines in support of higher backlog and accelerated delivery schedules, in addition to increased non-cash intangible amortization charges resulting from the acquisition of Optex - Texas assets from Irvine Sensors Corporation on October 14, 2008.
The gross margin during the quarter ended June 28, 2009 was 8.6% of revenues as compared to a gross margin of 25.6% for the quarter ended June 29, 2008. Product margins decreased substantially to 15.7% for the quarter ended June 28, 2009 versus 25.6% for the quarter ended June 29, 2008 due to a shift in third quarter revenue mix toward less profitable contracts combined with increased labor costs related to the reallocation of labor from general and administrative expenses to manufacturing overhead in 2009. Margins were further impacted by higher non-cash intangible amortization charges allocable to cost of goods sold of $0.4 million, and increased reserves for valuations and warranties of $0.1 million, for a total of 7.1% of revenues in the quarter ended June 28, 2009, resulting in an overall increase in cost of goods sold of 7.1% in the quarter ended June 28, 2009.
During the three months ended June 28, 2009, the Company recorded a loss of $0.3 million, versus a $0.2 million loss during the three months ended June 29, 2008. The loss from operations includes a $0.4 million increase in non-cash amortization of intangible assets as a result of the October 14, 2008 acquisition of the Company from Irvine Sensors Corporation.
Danny Schoening, COO of the Company, commented, "We have experienced substantial improvement in our EBITDA over our prior year performance. Compared to 2008, Optex has increased its EBITDA by $2.4 million in the nine months ended June 28, 2009. This increase in EBITDA is primarily due to increased revenue and lower general and administrative costs. It is our goal and expectation that this trend will continue over the next 12 months as our product mix shifts towards more profitable programs, our non-cash amortization of intangible expenses decreases and we continue to pursue cost reductions."
During the three and nine months ended June 28, 2009, Optex revenues on legacy periscope programs increased significantly over the prior year while margins decreased. The legacy periscope contracts were awarded January 2003, and due to significant material price increases subsequent to the contract award date, the company is experiencing a loss on these contracts. It is expected that product margins on the Company's periscopes will increase over the next 12 months as some of the unprofitable legacy programs are completed and are replaced with potentially profitable new awards. Optex expects that the revenue on the legacy periscope programs will decrease in the last quarter of 2009, at which point it is anticipated that operating margins will increase significantly.
Optex is aggressively pursuing additional, potentially higher margin periscope business, including the May 2009 award of a multi-year Indefinite Delivery/Indefinite Quantity (IDIQ) type contract followed by the first delivery order from the U.S. Army's Tank-Automotive and Armaments Command (TACOM) division. If all government forecasted delivery orders against this IDIQ contract are awarded and if the Company were to share equally with the other supplier in the awarded releases, the total value of the contract to Optex could be valued at approximately $7.5 million over the next three years.
The complete third quarter report, including management's discussion and analysis, financial statements, and notes can be found on the Securities Exchange Commission's website at http://www.sec.gov/.
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 http://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:
ZA Consulting Inc.
David Zazoff
212.505.5976
116 West 23rd St.
Suite 500
New York, NY 10011
Source: Optex Systems Holdings, Inc.
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
Visit Optex Systems Holdings Inc. (OTCBB:OPXS) Company Profile 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
Tuesday, July 28, 2009
Defense Stock News - Force Protection (NASDAQ: FRPT) Receives $52.8 Million Order for Buffalo Route Clearance Vehicles U.S. Army Orders 48 Additional
Defense Stock News - Force Protection (NASDAQ: FRPT) Receives $52.8 Million Order for Buffalo Route Clearance Vehicles U.S. Army Orders 48 Additional Buffalo Vehicles
Lease Extended for Buffalo Manufacturing Facility
LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (NASDAQ: FRPT), a leading designer, developer and manufacturer of survivability solutions and provider of total life cycle support for those products, today announced that it has received a modification to contract W56HZV-08-C-0028 from the United States Army Tank- automotive and Armaments Command (TACOM) for approximately $52.8 million for 48 Buffalo Mine Protected Clearance Vehicles (MPCV). This contract modification is subject to definitization.
The work will be performed in Ladson, SC and is expected to be completed prior to January 31, 2010. As a result of this award and a continued commitment to the Buffalo program, Force Protection on July 27th, 2009 amended and extended its lease for building 3 at its Ladson, SC facility until June 30, 2014.
Michael Moody, Chief Executive Officer of Force Protection, commented, “This order from TACOM is representative of the ongoing demand and requirements for the Buffalo as an integral component of the United States Army’s route clearance companies for the long term. The extension of our lease for the Buffalo manufacturing facility is an indication of our commitment to meeting the current and future requirements for Buffalo and its vital mission. ”
About Force Protection, Inc.
Force Protection, Inc. is a leading American designer, developer and manufacturer of survivability solutions, predominantly blast- and ballistic-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company’s specialty vehicles, the Cougar, the Buffalo and the Cheetah, are designed specifically for reconnaissance and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (IEDs, commonly referred to as roadside bombs). The Company also is the developer and manufacturer of ForceArmor™, an armor package providing superior protection against explosively formed projectiles (EFPs), now available for a wide range of tactical-wheeled vehicles. The Company is one of the original developers and primary providers of vehicles for the U.S. military’s Mine Resistant Ambush Protected, or MRAP, vehicle program. For more information on Force Protection and its vehicles, visit www.forceprotection.net.
Force Protection, Inc. Safe Harbor Language
This press release contains forward looking statements that are not historical facts, including statements about our beliefs and expectations. These statements are based on beliefs and assumptions of Force Protection’s management, and on information currently available to management. These forward looking statements include, among other things: the growth and demand for Force Protection’s vehicles, including the Buffalo vehicle; the rate at which the Company will be able to produce these vehicles; its expected work completion dates for the vehicles and the ability to meet current and future requirements; and the Company’s expected financial and operating results, including its revenues and cash flow, for future periods. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statements. Examples of these factors include, but are not limited to, the ability to effectively manage the risks in the Company’s business; the ability to develop new technologies and products and the acceptance of these technologies and products; the ability to obtain and complete new orders for its vehicles and products; the Company’s ability to identify and remedy its internal control weaknesses and deficiencies; and other risk factors and cautionary statements listed in the Company’s periodic reports filed with the Securities and Exchange Commission, including the risks set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2008, as updated in the Quarterly Report on Form 10-Q for the period ended March 31, 2009.
Contacts Force Protection, Inc.Tommy Pruitt, 843-574-3866
Research defense stocks with the global defense stocks directory at Investorideas.com
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http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
Lease Extended for Buffalo Manufacturing Facility
LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (NASDAQ: FRPT), a leading designer, developer and manufacturer of survivability solutions and provider of total life cycle support for those products, today announced that it has received a modification to contract W56HZV-08-C-0028 from the United States Army Tank- automotive and Armaments Command (TACOM) for approximately $52.8 million for 48 Buffalo Mine Protected Clearance Vehicles (MPCV). This contract modification is subject to definitization.
The work will be performed in Ladson, SC and is expected to be completed prior to January 31, 2010. As a result of this award and a continued commitment to the Buffalo program, Force Protection on July 27th, 2009 amended and extended its lease for building 3 at its Ladson, SC facility until June 30, 2014.
Michael Moody, Chief Executive Officer of Force Protection, commented, “This order from TACOM is representative of the ongoing demand and requirements for the Buffalo as an integral component of the United States Army’s route clearance companies for the long term. The extension of our lease for the Buffalo manufacturing facility is an indication of our commitment to meeting the current and future requirements for Buffalo and its vital mission. ”
About Force Protection, Inc.
Force Protection, Inc. is a leading American designer, developer and manufacturer of survivability solutions, predominantly blast- and ballistic-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company’s specialty vehicles, the Cougar, the Buffalo and the Cheetah, are designed specifically for reconnaissance and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (IEDs, commonly referred to as roadside bombs). The Company also is the developer and manufacturer of ForceArmor™, an armor package providing superior protection against explosively formed projectiles (EFPs), now available for a wide range of tactical-wheeled vehicles. The Company is one of the original developers and primary providers of vehicles for the U.S. military’s Mine Resistant Ambush Protected, or MRAP, vehicle program. For more information on Force Protection and its vehicles, visit www.forceprotection.net.
Force Protection, Inc. Safe Harbor Language
This press release contains forward looking statements that are not historical facts, including statements about our beliefs and expectations. These statements are based on beliefs and assumptions of Force Protection’s management, and on information currently available to management. These forward looking statements include, among other things: the growth and demand for Force Protection’s vehicles, including the Buffalo vehicle; the rate at which the Company will be able to produce these vehicles; its expected work completion dates for the vehicles and the ability to meet current and future requirements; and the Company’s expected financial and operating results, including its revenues and cash flow, for future periods. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statements. Examples of these factors include, but are not limited to, the ability to effectively manage the risks in the Company’s business; the ability to develop new technologies and products and the acceptance of these technologies and products; the ability to obtain and complete new orders for its vehicles and products; the Company’s ability to identify and remedy its internal control weaknesses and deficiencies; and other risk factors and cautionary statements listed in the Company’s periodic reports filed with the Securities and Exchange Commission, including the risks set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2008, as updated in the Quarterly Report on Form 10-Q for the period ended March 31, 2009.
Contacts Force Protection, Inc.Tommy Pruitt, 843-574-3866
Research defense stocks with the global defense stocks directory at Investorideas.com
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http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
Thursday, July 16, 2009
Optex Systems (OTCBB: OPXS.OB), Receives Invitation to Participate in the 2nd Annual Heavy Vehicles Summit
Optex Systems (OTCBB: OPXS.OB), Receives Invitation to Participate in the 2nd Annual Heavy Vehicles Summit
RICHARDSON, Texas, July 16, 2009 -- Optex Systems Holdings, Inc. (OTCBB: OPXS.OB), a leading manufacturer of optical sighting systems and assemblies primarily for Department of Defense applications, today announced that they received an invitation from the Institute for Defense and Government Advancement (IDGA) to be a participant in the 2nd Annual Heavy Vehicles Summit. The Second Annual Heavy Vehicle Summit, www.heavyvehiclessummit.com, will be held on September 14th -16th in Vienna, Virginia.
The summit is designed to focus on the most important and relevant aspects of heavy vehicle technology, modernization and advancements. It provides a forum for those who have a personal and professional stake in heavy vehicle technology to explore new technologies. Heavy vehicles such as the Abrams and Bradley are mission critical to ensuring the success of overseas military contingency operations. Currently, through its relationship with General Dynamics Land Systems and TACOM (Tank-Automotive and Armaments Command), Optex Systems provides its Laser Protected Periscopes and Fire Control Sighting Systems for both the Bradley fighting vehicle and the Abrams tank.
Danny Schoening, COO of Optex Systems, commented, "Optex continues to support our ground vehicle customers like General Dynamics Land Systems and TACOM by attending and sponsoring information summits. The Heavy Vehicles Summits will focus on the modernization, the survivability, and the future plans on many of the vehicles we support."
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:
ZA Consulting Inc.
David Zazoff
212.505.5976
116 West 23rd St.
Suite 500
New York, NY 10011
Source: Optex Systems Holdings, Inc.; General Dynamics Corp.
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
Visit Optex Systems Holdings Inc. (OTCBB:OPXS) Company Profile 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, Texas, July 16, 2009 -- Optex Systems Holdings, Inc. (OTCBB: OPXS.OB), a leading manufacturer of optical sighting systems and assemblies primarily for Department of Defense applications, today announced that they received an invitation from the Institute for Defense and Government Advancement (IDGA) to be a participant in the 2nd Annual Heavy Vehicles Summit. The Second Annual Heavy Vehicle Summit, www.heavyvehiclessummit.com, will be held on September 14th -16th in Vienna, Virginia.
The summit is designed to focus on the most important and relevant aspects of heavy vehicle technology, modernization and advancements. It provides a forum for those who have a personal and professional stake in heavy vehicle technology to explore new technologies. Heavy vehicles such as the Abrams and Bradley are mission critical to ensuring the success of overseas military contingency operations. Currently, through its relationship with General Dynamics Land Systems and TACOM (Tank-Automotive and Armaments Command), Optex Systems provides its Laser Protected Periscopes and Fire Control Sighting Systems for both the Bradley fighting vehicle and the Abrams tank.
Danny Schoening, COO of Optex Systems, commented, "Optex continues to support our ground vehicle customers like General Dynamics Land Systems and TACOM by attending and sponsoring information summits. The Heavy Vehicles Summits will focus on the modernization, the survivability, and the future plans on many of the vehicles we support."
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:
ZA Consulting Inc.
David Zazoff
212.505.5976
116 West 23rd St.
Suite 500
New York, NY 10011
Source: Optex Systems Holdings, Inc.; General Dynamics Corp.
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
Visit Optex Systems Holdings Inc. (OTCBB:OPXS) Company Profile 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
Wednesday, July 15, 2009
The Changing Face of the Defense Industry; an Exclusive Interview with Mr. Brian W. Ruttenbur, Managing Director at Morgan Keegan
The Changing Face of the Defense Industry; an Exclusive Interview with Mr. Brian W. Ruttenbur, Managing Director at Morgan Keegan
Analyst Interview on Defense Budget and Commentary from Defense Company, Optex Systems Holdings, Inc. (OTCBB: OPXS)
POINT ROBERTS, Wash., DELTA, B.C. –July 15, 2009 – www.HomelandDefenseStocks.com, a leading global investor and industry portal for the defense and security sector, within Investorideas.com, provides investors and defense industry participants, new Defense Budget commentary from defense analyst, Mr. Brian W. Ruttenbur, Managing Director at Morgan Keegan.
Mr. Ruttenbur discusses the recent changes in the defense budget and the changing face of the defense industry and how it impacts both companies and investors.
One public company, Optex Systems Holdings, Inc. (OTCBB: OPXS), continues to see the flow down of these trends in government spending. According to Danny Schoening, Chief Operating Officer, “The army is committed to a rigorous maintenance and repair program in these very harsh operating conditions in addition to their new vehicle supply. Further, the demand for night vision equipment and weapon sights remains high.”
Previous Budget related releases from Homelanddefensestocks.com:
Defense Budget Winners and Losers May 6 2009
Defense Investing- Cyber Security: The Next Great Defense Opportunity June 16, 2009
The Changing Face of the Defense Industry
Homelanddefensestocks.com (HDS) June 2009 Interview with Mr. Brian W. Ruttenbur, Managing Director at Morgan Keegan & Company, Inc., Research Division, who covers the security, safety, and defense sector. Mr. Ruttenbur discusses the recent changes in the defense budget and the changing face of the defense industry.
HDS Question
Brian, the defense industry is currently undergoing some major changes, with the recent Budget announcements of 663.8 billion for fiscal year 2010, with a base budget of $533.8 billion, an increase 4.0% from the 2009 budget of $513.3 billion, plus $130 billion for ongoing military operations in
Afghanistan and Iraq. Within the budget there is a shift in the direction of spending, concentrating on the current wars and a mandate to monitor spending and eliminate waste. In that - can you give us some insight as to what companies are impacted the most and how?
Mr. Brian W. Ruttenbur Answer -
Companies that focus on basic troop support – the “beans and bullets” – will be hurt by declining troop levels and supplemental spending over the next several years; those focused on areas we think demand will continue to grow in (such as maintenance/refurbishment, cybersecurity and ISR) we expect will continue to grow and perform well. Additionally, we believe international defense spending will grow at a faster rate than domestic. Companies we see doing well include L-3 (focus on defense electronics & maintenance), Raytheon (focus on defense electronics, strong international presence), Lockheed Martin (strong international growth opportunities particularly w/ F-35), and General Dynamics (should do well with the military’s large reset bill – Army projected to spend $13+ billion annually over several years). The talk of reform and reducing waste will most likely not result in any major changes that will significantly impact the industry, though it may put additional pressure on companies to fix operational issues (such as those at Northrop Grumman).
HDS Question -
For investors who have followed the defense sector in the past - there are new trends to factor in. What do you see as the most significant short term trends in the defense industry and how can investors play into those?
Mr. Brian W. Ruttenbur Answer -
Short term, we see strong demand for ISR assets – IR cameras, UAVs, spy/surveillance planes, as well as training and logistics support for the developing Iraqi / Afghan armies. We also expect growth in cybersecurity spending, which will be spread across the DoD, DHS, intelligence agencies, and civilian government agencies. Despite the drawdown in Iraq, we see no near term decline in core U.S. defense spending. Given a flattening of defense growth combined with the solid balance sheets of most defense contractors, we expect M&A activity to begin picking up, and be particularly strong around the 2010/2011 timeframe. We also note that we expect the government to move toward using more fixed price contracts. While we expect developmental work will remain largely cost-plus, we see full run rate procurement work becoming a higher proportion fixed price over time. While this may add some risk to programs, we believe that it may also provide opportunities to companies which are able to efficiently run their operations, as fixed price contracts traditionally are awarded with a higher potential margin rate.
HDS Question
The defense industry is also changing in terms of the global spending picture and several US companies benefited from the February International Defence Exhibition & Conference 2009 (IDEX) in Abu Dhabi, where an estimated $ 5 billion was spent. How do you see global spending impacting the markets,
and what do North American companies have to do to participate?
Mr. Brian W. Ruttenbur Answer -
We expect that growth international defense spending will outpace domestic spending over the next several years (though the U.S. will remain far and away the largest single defense customer). In particular, we see strong opportunities with India (expected $30+ billion over next 10 years to modernize its forces), Australia (recently completed long term defense outlook, expects 3% real growth annually through 2018 off $13 billion base), South Korea/Japan (given heightened North Korean tensions and the rise of China), and in the Middle East (particularly Saudi Arabia). We believe it will be important for U.S. companies to be able to match their offerings to local needs, and be able to provide and support last generation technology to customers who may not have the resources of the U.S. (for instance, Lockheed Martin’s continued sales of F-16s and Boeing’s concept of creating a stealth F-15 for far cheaper than the F-35).
HDS Question
Brian since you have covered the Homeland Security sector from its beginnings, how do you think the US is positioned for potential threats, and is the new Government correct in its thinking and focus on cyber security?
And following on to the previous question - with China and other global powers increasing their defense and military spending - is the current Government in line with the rest of the world?
Mr. Brian W. Ruttenbur Answer -
We believe the administration is moving in the right direction with its increased focus on cybersecurity. This was an area that had been relatively neglected until near the end of the Bush administration, and given the increasing interconnectedness and therefore vulnerability of modern information, we see this as a vital portion of Homeland Security efforts (i.e. the concern over whether hackers could shut down the electric system, and the stealing of classified data on the F-35 program).
Compared with other global powers, the U.S. is still far and away the largest spender on defense. The Stockholm International Peace Research Institute recently came out with its 2008 arms spending report, indicating that global defense spending neared $1.5 trillion in 2008. It reported that the U.S. spent $607 billion in 2008 (42% of the global total), and the next nine countries spent a combined $476 billion. However, the rate of growth in certain foreign countries appears to be higher. While the U.S. grew 9.7% in 2008, we see its growth rate declining to a low to mid single digit rate going forward, while countries such as China (which grew spending 10% in 2008 to become the number 2 spender overall) and Russia (grew spending 13% in 2008 to reach 5th overall) will most likely continue their high rates of growth. While we expect international spending to grow faster than U.S. spending, we note that we do not believe any foreign nation, or group of foreign nations, will reach a point where they could compete against the U.S. in a conventional sense within the next several decades.
Companies Mentioned
Boeing (BA NR - $52.83)
General Dynamics (GD O/M - $60.46)
Lockheed Martin (LMT O/M - $85.85)
L-3 Communications (LLL O/S - $74.97)
Northrop Grumman (NOC M/M - $48.70)
Raytheon (RTN O/M - $45.95)
Disclosures
The research analyst responsible for the preparation of this report does not hold investment positions of any nature in the securities of this issuer. The research analyst responsible for the preparation of this report is compensated in part on the firm's investment banking revenue but is not compensated based upon specific investment banking services transactions.
Morgan Keegan & Co., Inc. expects to receive or intends to seek compensation for investment banking services from LLL, security, in the next 3 months.
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 ( See disclosure below )
Visit Optex Systems Holdings, Inc. (OTCBB: OPXS) Company Profile: http://www.investorideas.com/CO/OPTEX/
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. Company's website: www.optexsys.com
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.
For more information contact: Dawn Van Zant 800.665.0411 Email: dvanzant@HomelandDefenseStocks.com
Source: HomelandDefenseStocks.com, Investor Ideas, Optex Systems Holdings Inc. (OTCBB: OPXS)Research defense stocks with the global defense stocks directory at Investorideas.com
click here:
http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
Analyst Interview on Defense Budget and Commentary from Defense Company, Optex Systems Holdings, Inc. (OTCBB: OPXS)
POINT ROBERTS, Wash., DELTA, B.C. –July 15, 2009 – www.HomelandDefenseStocks.com, a leading global investor and industry portal for the defense and security sector, within Investorideas.com, provides investors and defense industry participants, new Defense Budget commentary from defense analyst, Mr. Brian W. Ruttenbur, Managing Director at Morgan Keegan.
Mr. Ruttenbur discusses the recent changes in the defense budget and the changing face of the defense industry and how it impacts both companies and investors.
One public company, Optex Systems Holdings, Inc. (OTCBB: OPXS), continues to see the flow down of these trends in government spending. According to Danny Schoening, Chief Operating Officer, “The army is committed to a rigorous maintenance and repair program in these very harsh operating conditions in addition to their new vehicle supply. Further, the demand for night vision equipment and weapon sights remains high.”
Previous Budget related releases from Homelanddefensestocks.com:
Defense Budget Winners and Losers May 6 2009
Defense Investing- Cyber Security: The Next Great Defense Opportunity June 16, 2009
The Changing Face of the Defense Industry
Homelanddefensestocks.com (HDS) June 2009 Interview with Mr. Brian W. Ruttenbur, Managing Director at Morgan Keegan & Company, Inc., Research Division, who covers the security, safety, and defense sector. Mr. Ruttenbur discusses the recent changes in the defense budget and the changing face of the defense industry.
HDS Question
Brian, the defense industry is currently undergoing some major changes, with the recent Budget announcements of 663.8 billion for fiscal year 2010, with a base budget of $533.8 billion, an increase 4.0% from the 2009 budget of $513.3 billion, plus $130 billion for ongoing military operations in
Afghanistan and Iraq. Within the budget there is a shift in the direction of spending, concentrating on the current wars and a mandate to monitor spending and eliminate waste. In that - can you give us some insight as to what companies are impacted the most and how?
Mr. Brian W. Ruttenbur Answer -
Companies that focus on basic troop support – the “beans and bullets” – will be hurt by declining troop levels and supplemental spending over the next several years; those focused on areas we think demand will continue to grow in (such as maintenance/refurbishment, cybersecurity and ISR) we expect will continue to grow and perform well. Additionally, we believe international defense spending will grow at a faster rate than domestic. Companies we see doing well include L-3 (focus on defense electronics & maintenance), Raytheon (focus on defense electronics, strong international presence), Lockheed Martin (strong international growth opportunities particularly w/ F-35), and General Dynamics (should do well with the military’s large reset bill – Army projected to spend $13+ billion annually over several years). The talk of reform and reducing waste will most likely not result in any major changes that will significantly impact the industry, though it may put additional pressure on companies to fix operational issues (such as those at Northrop Grumman).
HDS Question -
For investors who have followed the defense sector in the past - there are new trends to factor in. What do you see as the most significant short term trends in the defense industry and how can investors play into those?
Mr. Brian W. Ruttenbur Answer -
Short term, we see strong demand for ISR assets – IR cameras, UAVs, spy/surveillance planes, as well as training and logistics support for the developing Iraqi / Afghan armies. We also expect growth in cybersecurity spending, which will be spread across the DoD, DHS, intelligence agencies, and civilian government agencies. Despite the drawdown in Iraq, we see no near term decline in core U.S. defense spending. Given a flattening of defense growth combined with the solid balance sheets of most defense contractors, we expect M&A activity to begin picking up, and be particularly strong around the 2010/2011 timeframe. We also note that we expect the government to move toward using more fixed price contracts. While we expect developmental work will remain largely cost-plus, we see full run rate procurement work becoming a higher proportion fixed price over time. While this may add some risk to programs, we believe that it may also provide opportunities to companies which are able to efficiently run their operations, as fixed price contracts traditionally are awarded with a higher potential margin rate.
HDS Question
The defense industry is also changing in terms of the global spending picture and several US companies benefited from the February International Defence Exhibition & Conference 2009 (IDEX) in Abu Dhabi, where an estimated $ 5 billion was spent. How do you see global spending impacting the markets,
and what do North American companies have to do to participate?
Mr. Brian W. Ruttenbur Answer -
We expect that growth international defense spending will outpace domestic spending over the next several years (though the U.S. will remain far and away the largest single defense customer). In particular, we see strong opportunities with India (expected $30+ billion over next 10 years to modernize its forces), Australia (recently completed long term defense outlook, expects 3% real growth annually through 2018 off $13 billion base), South Korea/Japan (given heightened North Korean tensions and the rise of China), and in the Middle East (particularly Saudi Arabia). We believe it will be important for U.S. companies to be able to match their offerings to local needs, and be able to provide and support last generation technology to customers who may not have the resources of the U.S. (for instance, Lockheed Martin’s continued sales of F-16s and Boeing’s concept of creating a stealth F-15 for far cheaper than the F-35).
HDS Question
Brian since you have covered the Homeland Security sector from its beginnings, how do you think the US is positioned for potential threats, and is the new Government correct in its thinking and focus on cyber security?
And following on to the previous question - with China and other global powers increasing their defense and military spending - is the current Government in line with the rest of the world?
Mr. Brian W. Ruttenbur Answer -
We believe the administration is moving in the right direction with its increased focus on cybersecurity. This was an area that had been relatively neglected until near the end of the Bush administration, and given the increasing interconnectedness and therefore vulnerability of modern information, we see this as a vital portion of Homeland Security efforts (i.e. the concern over whether hackers could shut down the electric system, and the stealing of classified data on the F-35 program).
Compared with other global powers, the U.S. is still far and away the largest spender on defense. The Stockholm International Peace Research Institute recently came out with its 2008 arms spending report, indicating that global defense spending neared $1.5 trillion in 2008. It reported that the U.S. spent $607 billion in 2008 (42% of the global total), and the next nine countries spent a combined $476 billion. However, the rate of growth in certain foreign countries appears to be higher. While the U.S. grew 9.7% in 2008, we see its growth rate declining to a low to mid single digit rate going forward, while countries such as China (which grew spending 10% in 2008 to become the number 2 spender overall) and Russia (grew spending 13% in 2008 to reach 5th overall) will most likely continue their high rates of growth. While we expect international spending to grow faster than U.S. spending, we note that we do not believe any foreign nation, or group of foreign nations, will reach a point where they could compete against the U.S. in a conventional sense within the next several decades.
Companies Mentioned
Boeing (BA NR - $52.83)
General Dynamics (GD O/M - $60.46)
Lockheed Martin (LMT O/M - $85.85)
L-3 Communications (LLL O/S - $74.97)
Northrop Grumman (NOC M/M - $48.70)
Raytheon (RTN O/M - $45.95)
Disclosures
The research analyst responsible for the preparation of this report does not hold investment positions of any nature in the securities of this issuer. The research analyst responsible for the preparation of this report is compensated in part on the firm's investment banking revenue but is not compensated based upon specific investment banking services transactions.
Morgan Keegan & Co., Inc. expects to receive or intends to seek compensation for investment banking services from LLL, security, in the next 3 months.
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 ( See disclosure below )
Visit Optex Systems Holdings, Inc. (OTCBB: OPXS) Company Profile: http://www.investorideas.com/CO/OPTEX/
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. Company's website: www.optexsys.com
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.
For more information contact: Dawn Van Zant 800.665.0411 Email: dvanzant@HomelandDefenseStocks.com
Source: HomelandDefenseStocks.com, Investor Ideas, Optex Systems Holdings Inc. (OTCBB: OPXS)Research defense stocks with the global defense stocks directory at Investorideas.com
click here:
http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
Thursday, July 9, 2009
GE to Transform U.S. Military Base into Smart Grid Showcase
GE to Transform U.S. Military Base into Smart Grid Showcase
Awarded $2 Million in Federal stimulus funds for new, smart microgrid demonstration project that will serve as a model for maximizing energy security, improving efficiency, and supplying clean, renewable power for military bases
NISKAYUNA, N.Y--With the goals of increasing energy security, energy efficiency, and promoting cleaner, alternative energy at U.S. military bases, GE today announced it has been awarded $2 million in Federal stimulus funding from the U.S. Department of Defense (DOD) for a smart microgrid demonstration project at Twentynine Palms Base, California. The base is the world's largest Marine Corps Base and it is the premier training facility in the world for Marine operations, drawing military personnel from all over the world for Combined Arms Exercises. GE and the Environmental Security Technology Certification Program (ESTCP) office at DOD are in the process of finalizing a contract for the project.
GE will design and demonstrate a smart energy management system that enables installations to more optimally manage on-site power generation and energy storage, while interacting with the regional electrical grid in a more intelligent and efficient way. Additionally, GE’s system will provide enhanced capabilities for installations to integrate renewable resources, such as solar energy, to help meet their electricity needs and reduce their carbon footprints.
According to the 2009 Defense Appropriations Act, U.S. military installations consumed 3.8 billion kilowatt-hours of electricity last year, enough electricity to power 350,000 households in the United States. In addition to high energy costs for these installations, critical defense facilities must operate seamlessly through a power outage or other infrastructure disturbance. These are two key challenges that a smarter, more intelligent grid management system will help to address.
“GE’s smart microgrid demonstration project will show how a more intelligent energy management system can help military bases further safeguard the operation of their power systems while also reducing overall energy costs,” said John Kern, Manager of GE’s Smart Grid Research Lab. “This project will serve as a model for other bases and it also will demonstrate how similar types of facilities, such as industrial complexes and universities, can take advantage of a smarter grid.”
U.S. military bases typically manage power in two ways: local power is generated on site for critical facility needs; and, the bases are connected to the larger U.S. electrical grid network. As part of the project, GE will provide an enhanced suite of microgrid control system technologies that will enable a military base to more effectively manage its local energy resources as well as the interaction with the larger electrical grid network.
To develop this new system, researchers at GE Global Research in Upstate New York will develop and incorporate advanced algorithms and computational decision engines into a microgrid controller built by GE Digital Energy. This microgrid controller will optimize the power generation and distribution within the microgrid. GE Fanuc Intelligent Platforms will also integrate many of these advanced technologies into a new supervisory control and software system that can span power generation and distribution as well as major power consumers within the microgrid.
GE has completed considerable research and development in microgrids in recent years for both the U.S. Department of Energy and the Canadian government. Because microgrids are essentially self-contained systems, they have great potential for enabling a higher penetration of clean, renewable power sources into the electrical distribution network. For contained complexes like a military base that can supplement their own power needs with power generation onsite, microgrids can be an attractive option for bringing more renewable power online.
About GE Global Research
GE Global Research is one of the world's most diversified industrial research labs, providing innovative technology for all of GE's businesses. Global Research has been the cornerstone of GE technology for more than 100 years, developing breakthrough innovations in areas such as medical imaging, energy generation technology, jet engines and lighting. GE Global Research is headquartered in Niskayuna, New York and has facilities in Bangalore, India, Shanghai, China and Munich, Germany. Visit GE Global Research at www.ge.com/research.
Contacts GEPatrick Jarvis, 518-387-6284 (Media)patrick.jarvis@ge.com Research defense stocks with the global defense stocks directory at Investorideas.com
click here:
http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
Awarded $2 Million in Federal stimulus funds for new, smart microgrid demonstration project that will serve as a model for maximizing energy security, improving efficiency, and supplying clean, renewable power for military bases
NISKAYUNA, N.Y--With the goals of increasing energy security, energy efficiency, and promoting cleaner, alternative energy at U.S. military bases, GE today announced it has been awarded $2 million in Federal stimulus funding from the U.S. Department of Defense (DOD) for a smart microgrid demonstration project at Twentynine Palms Base, California. The base is the world's largest Marine Corps Base and it is the premier training facility in the world for Marine operations, drawing military personnel from all over the world for Combined Arms Exercises. GE and the Environmental Security Technology Certification Program (ESTCP) office at DOD are in the process of finalizing a contract for the project.
GE will design and demonstrate a smart energy management system that enables installations to more optimally manage on-site power generation and energy storage, while interacting with the regional electrical grid in a more intelligent and efficient way. Additionally, GE’s system will provide enhanced capabilities for installations to integrate renewable resources, such as solar energy, to help meet their electricity needs and reduce their carbon footprints.
According to the 2009 Defense Appropriations Act, U.S. military installations consumed 3.8 billion kilowatt-hours of electricity last year, enough electricity to power 350,000 households in the United States. In addition to high energy costs for these installations, critical defense facilities must operate seamlessly through a power outage or other infrastructure disturbance. These are two key challenges that a smarter, more intelligent grid management system will help to address.
“GE’s smart microgrid demonstration project will show how a more intelligent energy management system can help military bases further safeguard the operation of their power systems while also reducing overall energy costs,” said John Kern, Manager of GE’s Smart Grid Research Lab. “This project will serve as a model for other bases and it also will demonstrate how similar types of facilities, such as industrial complexes and universities, can take advantage of a smarter grid.”
U.S. military bases typically manage power in two ways: local power is generated on site for critical facility needs; and, the bases are connected to the larger U.S. electrical grid network. As part of the project, GE will provide an enhanced suite of microgrid control system technologies that will enable a military base to more effectively manage its local energy resources as well as the interaction with the larger electrical grid network.
To develop this new system, researchers at GE Global Research in Upstate New York will develop and incorporate advanced algorithms and computational decision engines into a microgrid controller built by GE Digital Energy. This microgrid controller will optimize the power generation and distribution within the microgrid. GE Fanuc Intelligent Platforms will also integrate many of these advanced technologies into a new supervisory control and software system that can span power generation and distribution as well as major power consumers within the microgrid.
GE has completed considerable research and development in microgrids in recent years for both the U.S. Department of Energy and the Canadian government. Because microgrids are essentially self-contained systems, they have great potential for enabling a higher penetration of clean, renewable power sources into the electrical distribution network. For contained complexes like a military base that can supplement their own power needs with power generation onsite, microgrids can be an attractive option for bringing more renewable power online.
About GE Global Research
GE Global Research is one of the world's most diversified industrial research labs, providing innovative technology for all of GE's businesses. Global Research has been the cornerstone of GE technology for more than 100 years, developing breakthrough innovations in areas such as medical imaging, energy generation technology, jet engines and lighting. GE Global Research is headquartered in Niskayuna, New York and has facilities in Bangalore, India, Shanghai, China and Munich, Germany. Visit GE Global Research at www.ge.com/research.
Contacts GEPatrick Jarvis, 518-387-6284 (Media)patrick.jarvis@ge.com Research defense stocks with the global defense stocks directory at Investorideas.com
click here:
http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
Wednesday, July 8, 2009
Re-release of Report on “Cyber Security: The Next Great Defense Opportunity” Following Recent Cyber Attacks on White House, DOD, NYSE, Washington Post
Homelanddefensestocks.com Re-release of Report on “Cyber Security: The Next Great Defense Opportunity” Following Recent Cyber Attacks on White House, DOD, NYSE, Washington Post
POINT ROBERTS, Wash., DELTA, B.C. –July 8, 2009 – www.HomelandDefenseStocks.com, a leading global investor and industry portal for the defense and security sector, within Investorideas.com, re- releases “Cyber Security: The Next Great Defense Opportunity ”, by Lisa Springer, CFA, as attention builds on the cyber security sector following recent cyber attacks on White House, DOD, NYSE, Washington Post and other leading sites.
Cyber Security: The Next Great Defense Opportunity
(Originally released June 16, 2009)
Lisa Springer CFA, Equity research analyst and financial writer
Defense Stocks: Lockheed Martin (NYSE:LMT), Raytheon (NYSE:RTN), Northrop Grumman (NYSE:NOC), AeroVironment (NASDAQ:AVAV), Optex Systems (OTCBB: OPXS), General Dynamics (NYSE:GD)
Many defense contractors look for huge growth opportunities in the market for cyber security. Bruce Tanner, the CFO of Lockheed Martin, recently identified cyber security as the quickest, near-term defense opportunity, with market growth well exceeding DoD growth rates. Tanner also believes cyber security margins will be comparable to DoD contracts. Lockheed has begun focusing M&A activity in the global security area and anticipates additional cyber security acquisitions this year.
Both Boeing (NYSE:BA) and Lockheed Martin (NYSE:LMT) are eager to gain share in this $7.4 billion market and have formed business units to tap cyber security spending. Boeing created its Cyber Solutions division last August and Lockheed launched its cyber-defense unit last October.
To address cyber security opportunities, Raytheon (NYSE:RTN) has acquired three network security providers, plans to hire 300 certified security engineers this year, and is partnering with University of Texas researchers on new cyber solutions. Northrop Grumman (NYSE:NOC) is also expanding cyber security capacity and was recently awarded a DoD contract for the National Cyber Range, part of a major government-wide effort to improve the nation’s defense against electronic attacks.
The need for a national cyber security plan is becoming increasingly evident as cyber attacks on U.S. agencies and civilian facilities cost the U.S. billions of dollars annually. The problem is getting worse; security breaches of government and private computer networks nearly doubled last year to 72,000. In response, the government is increasing spending for cyber security, which is forecast to rise by 44% to $10.7 billion in 2013. The Bush administration launched a cyber initiative last year funded at around $6 billion and the Obama administration is making cyber security an even higher priority.
President Obama earmarked $355 billion for cyber security in his 2010 fiscal budget and also announced plans to name a cyber security czar, who will have broad authority and likely serve on the National Security Council. Last month, the White House published a cyber security report with guidelines for strategies ranging from communications networks for emergency response teams to the government’s role in protecting infrastructure. The report followed a 60 day review of current government cyber security initiatives and was ordered by Obama shortly after he took office.
Many investors think increased government spending for cyber security will offset revenues lost by defense contractors due to military spending cuts. Share prices for many defense contractors are continuing to rise despite program cuts under the new defense budget. Since early April when the new budget was announced, Lockheed shares have climbed 18%, Boeing shares have jumped 39%, General Dynamic shares have gained 34% and Raytheon shares have improved 11%. This compared to a 13% rise in the S&P 500 during the same period.
In addition, earnings for this group remain strong; most large defense contractors recorded EPS gains and increased EPS guidance after the March 2009 quarter. Lockheed Martin raised full-year guidance by 10 cents to $7.15-47.35, Northrop Grumman increased guidance by 15 cents to $4.65-$4.90, and Raytheon boosted guidance by 10 cents to $4.55-4.70. Boeing was a notable exception; earnings for its defense business fell 18% year-over-year and Boeing cut full-year guidance by 35 cents to $4.70-$5.00.
Small defense contractors providing tools for existing military operations will benefit from $130 billion in funding for the Iraq and Afghanistan wars in the new defense budget. An $83.4 billion war-time supplement request has been submitted to Congress to cover Iraq/Afghanistan costs through the second half of 2009.
Shares of AeroVironment (NASDAQ:AVAV) have jumped 15% since the new defense budget was announced. This company manufactures unmanned military drones used in Afghanistan and Pakistan. In June, AeroVironment received orders for a third global observer aircraft, the sixth contract option exercised under a program cumulatively valued at $120 million.
Newly-public Optex Systems (OTCBB: OPXS) manufactures optical sighting systems for large Howitzer guns used to shell insurgent positions in Afghanistan. During the March quarter, Optex grew revenues nearly 20% and cut its net loss by half. Excluding non-cash intangible expense, the company would have recorded positive net income. Prior to the earnings release, Optex signed a new $7.5 million contract with the U.S. Army for laser-protected periscopes. The company’s shares began trading in early May and quickly climbed to $0.45 before retreating to the current $0.25 range.
General Dynamics (NYSE:GD) is capitalizing on contracting opportunities in sensors and imaging by acquiring Axsys Technology (NASDAQ:AXYS), a manufacturer of high-performance sensors, in a transaction valued at $54 per share, a premium to Axys’ pre-merger share price. Axsys competes with Optex in military applications for sensors and imaging. This acquisition will likely focus increased attention on the optical sensor space and may cause Optex to emerge as an attractive takeover candidate.
Lisa Springer Bio/ Disclaimer: http://www.investorideas.com/About/Lisa-Springer-CFA/
Original article – Defense Budget Winners and Losers May 6th
How Defense Companies Boeing (NYSE:BA), Northrop Grumman (NYSE:NOC), General Dynamics (NYSE:GD), Optex Systems Holdings, Inc. (OTCBB: OPXS) and others are Impacted
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.
For more information contact: Dawn Van Zant 800.665.0411 Email: dvanzant@HomelandDefenseStocks.com
Source: HomelandDefenseStocks.com, Investor Ideas, Optex Systems Holdings Inc. (OTCBB: OPXS)Research defense stocks with the global defense stocks directory at Investorideas.com
click here:
http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
POINT ROBERTS, Wash., DELTA, B.C. –July 8, 2009 – www.HomelandDefenseStocks.com, a leading global investor and industry portal for the defense and security sector, within Investorideas.com, re- releases “Cyber Security: The Next Great Defense Opportunity ”, by Lisa Springer, CFA, as attention builds on the cyber security sector following recent cyber attacks on White House, DOD, NYSE, Washington Post and other leading sites.
Cyber Security: The Next Great Defense Opportunity
(Originally released June 16, 2009)
Lisa Springer CFA, Equity research analyst and financial writer
Defense Stocks: Lockheed Martin (NYSE:LMT), Raytheon (NYSE:RTN), Northrop Grumman (NYSE:NOC), AeroVironment (NASDAQ:AVAV), Optex Systems (OTCBB: OPXS), General Dynamics (NYSE:GD)
Many defense contractors look for huge growth opportunities in the market for cyber security. Bruce Tanner, the CFO of Lockheed Martin, recently identified cyber security as the quickest, near-term defense opportunity, with market growth well exceeding DoD growth rates. Tanner also believes cyber security margins will be comparable to DoD contracts. Lockheed has begun focusing M&A activity in the global security area and anticipates additional cyber security acquisitions this year.
Both Boeing (NYSE:BA) and Lockheed Martin (NYSE:LMT) are eager to gain share in this $7.4 billion market and have formed business units to tap cyber security spending. Boeing created its Cyber Solutions division last August and Lockheed launched its cyber-defense unit last October.
To address cyber security opportunities, Raytheon (NYSE:RTN) has acquired three network security providers, plans to hire 300 certified security engineers this year, and is partnering with University of Texas researchers on new cyber solutions. Northrop Grumman (NYSE:NOC) is also expanding cyber security capacity and was recently awarded a DoD contract for the National Cyber Range, part of a major government-wide effort to improve the nation’s defense against electronic attacks.
The need for a national cyber security plan is becoming increasingly evident as cyber attacks on U.S. agencies and civilian facilities cost the U.S. billions of dollars annually. The problem is getting worse; security breaches of government and private computer networks nearly doubled last year to 72,000. In response, the government is increasing spending for cyber security, which is forecast to rise by 44% to $10.7 billion in 2013. The Bush administration launched a cyber initiative last year funded at around $6 billion and the Obama administration is making cyber security an even higher priority.
President Obama earmarked $355 billion for cyber security in his 2010 fiscal budget and also announced plans to name a cyber security czar, who will have broad authority and likely serve on the National Security Council. Last month, the White House published a cyber security report with guidelines for strategies ranging from communications networks for emergency response teams to the government’s role in protecting infrastructure. The report followed a 60 day review of current government cyber security initiatives and was ordered by Obama shortly after he took office.
Many investors think increased government spending for cyber security will offset revenues lost by defense contractors due to military spending cuts. Share prices for many defense contractors are continuing to rise despite program cuts under the new defense budget. Since early April when the new budget was announced, Lockheed shares have climbed 18%, Boeing shares have jumped 39%, General Dynamic shares have gained 34% and Raytheon shares have improved 11%. This compared to a 13% rise in the S&P 500 during the same period.
In addition, earnings for this group remain strong; most large defense contractors recorded EPS gains and increased EPS guidance after the March 2009 quarter. Lockheed Martin raised full-year guidance by 10 cents to $7.15-47.35, Northrop Grumman increased guidance by 15 cents to $4.65-$4.90, and Raytheon boosted guidance by 10 cents to $4.55-4.70. Boeing was a notable exception; earnings for its defense business fell 18% year-over-year and Boeing cut full-year guidance by 35 cents to $4.70-$5.00.
Small defense contractors providing tools for existing military operations will benefit from $130 billion in funding for the Iraq and Afghanistan wars in the new defense budget. An $83.4 billion war-time supplement request has been submitted to Congress to cover Iraq/Afghanistan costs through the second half of 2009.
Shares of AeroVironment (NASDAQ:AVAV) have jumped 15% since the new defense budget was announced. This company manufactures unmanned military drones used in Afghanistan and Pakistan. In June, AeroVironment received orders for a third global observer aircraft, the sixth contract option exercised under a program cumulatively valued at $120 million.
Newly-public Optex Systems (OTCBB: OPXS) manufactures optical sighting systems for large Howitzer guns used to shell insurgent positions in Afghanistan. During the March quarter, Optex grew revenues nearly 20% and cut its net loss by half. Excluding non-cash intangible expense, the company would have recorded positive net income. Prior to the earnings release, Optex signed a new $7.5 million contract with the U.S. Army for laser-protected periscopes. The company’s shares began trading in early May and quickly climbed to $0.45 before retreating to the current $0.25 range.
General Dynamics (NYSE:GD) is capitalizing on contracting opportunities in sensors and imaging by acquiring Axsys Technology (NASDAQ:AXYS), a manufacturer of high-performance sensors, in a transaction valued at $54 per share, a premium to Axys’ pre-merger share price. Axsys competes with Optex in military applications for sensors and imaging. This acquisition will likely focus increased attention on the optical sensor space and may cause Optex to emerge as an attractive takeover candidate.
Lisa Springer Bio/ Disclaimer: http://www.investorideas.com/About/Lisa-Springer-CFA/
Original article – Defense Budget Winners and Losers May 6th
How Defense Companies Boeing (NYSE:BA), Northrop Grumman (NYSE:NOC), General Dynamics (NYSE:GD), Optex Systems Holdings, Inc. (OTCBB: OPXS) and others are Impacted
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.
For more information contact: Dawn Van Zant 800.665.0411 Email: dvanzant@HomelandDefenseStocks.com
Source: HomelandDefenseStocks.com, Investor Ideas, Optex Systems Holdings Inc. (OTCBB: OPXS)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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