Monday, October 4, 2010

Defense Stocks; ManTech (NASDAQ: MANT) Awarded $70 Million Contract to Operate Advanced ISR, Battle Command and Force Protection Systems in Iraq

Defense Stocks; ManTech (NASDAQ: MANT) Awarded $70 Million Contract to Operate Advanced ISR, Battle Command and Force Protection Systems in Iraq



FAIRFAX, Va.--(http://www.investorideas.com/ defense stocks blog )--ManTech International Corporation (NASDAQ: MANT) (www.mantech.com), a leading provider of innovative technologies and solutions for mission-critical national security programs, announced today that it has received a task order under its Strategic Services Sourcing (S3) prime contract to provide Base Expeditionary Target Surveillance Systems-Combined (BETSS-C) operators in Iraq. The multiple-award task order, in support of the U.S. Army’s Project Manager Night Vision/Reconnaissance, Surveillance and Target Acquisition (PM NV/RSTA), has an initial period of performance of 12 months and two optional six-month extensions. The expected value to ManTech is $70 million if all contract options are exercised.
“ManTech’s superior communications and electronics expertise, coupled with our extensive in-theater operations support experience will be a valuable asset to the BETSS-C program”

.Under the contract, ManTech will provide BETSS-C operators and related administrative, managerial, logistics and business services necessary to support their deployment to Iraq.
BETSS-C enhances perimeter surveillance, battle command and force protection at joint security stations, forward-operating bases and combat outposts throughout Iraq. The system provides commanders with a digital map display of video, images and other information from ground sensors, pan-tilt-zoom cameras, mid- and long-range electro-optical/infrared sensors and radar mounted on towers, aerostats and other unmanned airborne vehicles.
“ManTech’s superior communications and electronics expertise, coupled with our extensive in-theater operations support experience will be a valuable asset to the BETSS-C program,” said Louis M. Addeo, president and chief operating officer of ManTech’s Technical Services Group. “We are proud to continue our support of the U.S. and coalition mission in Iraq.”

About ManTech International Corporation
Headquartered in Fairfax, Va., with approximately 9,300 professionals in 40 countries around the world, ManTech is a leading provider of innovative technologies and solutions for mission-critical national security programs for the intelligence community; the departments of Defense, State, Homeland Security and Justice; the space community; the National Oceanic and Atmospheric Administration; and other U.S. federal government customers. ManTech's expertise includes systems engineering, systems integration, enterprise architecture, cyber security, information assurance, intelligence operations and analysis support, network and critical infrastructure protection, information operations and information warfare support, information technology, communications integration, global logistics and supply chain management, and service-oriented architectures. Additional information on ManTech can be found at www.mantech.com.
Contacts
ManTech International Corporation
Amy Gooen, 703-218-6387
amy.gooen@mantech.com


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Defense Stocks; ITT (NYSE: ITT) Appoints Kenneth W. Hunzeker to Lead Government Relations for Its Defense Segment

Defense Stocks; ITT (NYSE: ITT) Appoints Kenneth W. Hunzeker to Lead Government Relations for Its Defense Segment


MCLEAN, Va.--(http://www.investorideas.com/ defense stocks blog)--ITT Corporation (NYSE: ITT) today announced the appointment of Kenneth W. Hunzeker as vice president of government relations for the company’s Defense and Information Solutions segment, based in McLean, Va.

“Ken has extensive defense community experience in program management, strategy development and finance and has worked with key decision makers within the United States Army, Department of Defense, Office of Management and Budget, and Congress for many years”

.In this leadership role, Hunzeker, 58, will be responsible for establishing and maintaining relationships at the senior level of the U.S. Department of Defense, military service staffs and government agencies and be a focal point for coordinating a technical interface with these customers. He will also build productive and effective relationships with members of Congress and Congressional committees and their staffs in order to provide guidance on proposed legislation and regulation issues that have an impact on ITT Defense programs. Additionally, he will be responsible for supporting long-range marketing strategy and business planning. Hunzeker will report to David F. Melcher, president of ITT Defense and Information Solutions.


“Ken has extensive defense community experience in program management, strategy development and finance and has worked with key decision makers within the United States Army, Department of Defense, Office of Management and Budget, and Congress for many years,” said Melcher. “His depth of understanding our customers and his strategic awareness of how the defense space is evolving will be invaluable assets as ITT looks to grow in the future.”
Before joining ITT, Hunzeker had a 35-year career in the United States Army where he held a variety of senior leadership roles, rising to the rank of lieutenant general. Most recently, he served as Deputy Commander, United States Forces Iraq as part of Operation Iraqi Freedom. He was also the Commanding General of V Corps in United States Army Europe and the Seventh Army in Germany. During a previous tour in Iraq, he commanded the Civilian Police Assistance Transition Team responsible for training and equipping more than 400,000 Iraqi security forces. He has also commanded the First Infantry Division in United States Army Europe and Seventh Army and served as the Vice Director for Force Structure, Resources and Assessment (J-8) on the Joint Staff in the Pentagon.

He received a master’s degree in System Technology (Command, Control and Communications) from the Naval Postgraduate School in Monterey, Calif. and also has a master’s degree in National Security and Strategic Studies from National Defense University in Washington, D.C. He received his bachelor’s degree from the United States Military Academy in West Point, N.Y.

About ITT Corporation
ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company reported 2009 revenue of $10.9 billion. http://www.itt.com/

Contacts

ITT Media:

David Albritton, 703-790-6320

david.albritton@itt.com




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Sunday, October 3, 2010

Homeland Security Stocks; CSC (NYSE: CSC) Participates in Department of Homeland Security Cyber Storm III Exercise

Homeland Security Stocks; CSC (NYSE: CSC) Participates in Department of Homeland Security Cyber Storm III Exercise


National-Level Cybersecurity Exercise Allows CSC to Demonstrate Preparedness in Responding to Potential Threats, Underscore Commitment to Government Cooperation
FALLS CHURCH, Va.--(http://www.investorideas.com/ defense stocks blog )--CSC (NYSE: CSC) announced its participation in the Department of Homeland Security (DHS) as a full player during Cyber Storm III, the department’s biennial event representing the U.S.’s most extensive cybersecurity exercise. The exercise is taking place September 28-30, 2010.
“CSC has participated in all three of the DHS Cyber Storm exercises, and we are honored to be an active participant and full player as part of the private industry during Cyber Storm III”

.The goal of Cyber Storm is to strengthen cybersecurity preparedness and response capabilities by exercising policies, processes and procedures for identifying and responding to a cyber attack on the U.S.’s critical infrastructure. CSC’s participation is allowing the company to further test its abilities to react appropriately and respond efficiently to potential cyber incidents of varying degrees both for its customers and own internal systems.

“CSC has participated in all three of the DHS Cyber Storm exercises, and we are honored to be an active participant and full player as part of the private industry during Cyber Storm III,” said Andy Purdy, CSC’s chief cybersecurity strategist, who was head of the DHS National Cyber Security Division led Cyber Storm I. “The cyber landscape is dynamic and cybersecurity is a global concern. The efforts put into this exercise and the lessons we will learn from it will continue the process of strengthening the capability of the United States to prepare for and respond to significant cyber attacks and incidents. CSC’s participation internally on a global level also enables us to continue refining our cybersecurity capabilities to the absolute highest levels. It is critically important that the after-action recommendations from Cyber Storm III be resourced and implemented as quickly as possible.”

CSC is one of the few companies to provide full lifecycle cybersecurity solutions and services to both public and private sector clients globally. Through its foundation of global network security operations centers, CSC protects some of the world’s most sensitive information, systems and networks against emerging cyber threats. CSC’s cybersecurity capabilities include privacy and cybersecurity consulting, strikeforce, compliance, system design, and integration and forensics training. For more information on its comprehensive cybersecurity solutions, go to www.csc.com/cybersecurity.

About CSC
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions & Services, the Managed Services Sector and the North American Public Sector. CSC’s advanced capabilities include system design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. The company has been recognized as a leader in the industry, including being named by FORTUNE Magazine as one of the World’s Most Admired Companies for Information Technology Services (2010). Headquartered in Falls Church, Va., CSC has approximately 95,000 employees and reported revenue of $16.2 billion for the 12 months ended July 2, 2010. For more information, visit www.csc.com or for more about CSC’s cyber solutions, go to www.csc.com/cybersecurity.
Contacts
CSC
Chuck Taylor
Director, Communications
North American Public Sector
703-641-3430
ctaylor26@csc.com


Bryan Brady
Vice President, Investor Relations
Corporate
703-641-3000
investorrelations@csc.com




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Defense Stocks; Force Protection (NASDAQ:FRPT) Reaches Settlement of Federal Shareholder Class and Derivative Actions

Defense Stocks; Force Protection (NASDAQ:FRPT) Reaches Settlement of Federal Shareholder Class and Derivative Actions


LADSON, S.C.--(http://www.investorideas.com/ defense stocks blog )--Force Protection Inc. (NASDAQ:FRPT) announced today that it has reached an agreement to settle the consolidated shareholder securities class action entitled In re Force Protection, Inc. Securities Litigation, Consolidated Civil Action No. 2:08-cv-845-CWH, pending in the U.S. District Court for the District of South Carolina against the Company and a number of the Company’s former directors and/or officers. The settlement amount is $24 million, a majority of which will be covered by insurance. The settlement is subject to court approval and certain other conditions.

In addition, an agreement has been reached to settle a related shareholder derivative action entitled In re Force Protection, Inc. Derivative Litigation, Civil Action No. 2:08-1907-CWH, which is pending in the same federal court. This settlement provides that the Company will adopt certain corporate governance practices, receive a payment of $2.25 million from insurance, and pay plaintiffs’ attorney’s fees and expenses in an amount not to exceed $2.3 million. The settlement is subject to court approval and certain other conditions.

Neither the Company nor any of its present and former directors and/or officers has admitted any wrongdoing or liability in connection with these settlements. Additionally, the settlements provide that the parties have reached mutually agreeable resolution of these cases to avoid protracted and expensive litigation, including the outcome and risks associated with proceeding.

The Company is a party to related shareholder derivative actions pending in state courts in Nevada and South Carolina. The Company believes that if the federal derivative settlement is approved, that settlement will extinguish these related state court derivative actions.

To reflect the net impact of the settlements, the Company currently expects to record in its 2010 third quarter earnings results a cash related charge of approximately $8.5 million.

About Force Protection, Inc.
Force Protection, Inc. is a leading designer, developer and manufacturer of survivability solutions, including 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, including the Buffalo, Cougar and related variants, 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). Complementing these efforts, the Company is designing, developing and marketing new vehicle platforms (including the Ocelot and JAMMA) that provide increased modularity, speed, mobility and concealment with enhanced levels of blast- and ballistic-protection. The Company also develops, manufactures, tests, delivers and supports products and services aimed at further enhancing the survivability of users against additional threats. In addition, the Company provides long-term life cycle support services of its vehicles that involve development of technical data packages, supply of spares, field and depot maintenance activities, assignment of highly-skilled field service representatives, and advanced on and off-road driver and maintenance training programs. For more information on Force Protection and its products and services, visit http://www.forceprotection.net/.


Safe Harbor Statement
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, and include, among other things, statements regarding the extinguishment of the related state court derivative action and the Company’s expected financial and operating results. 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 reach a final conclusion to the aforementioned litigation; risks relating to the currently pending state court derivative lawsuits which are not being settled at this time; the ability to effectively manage the risks in the Company’s business; and the 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, 2009 and as updated in the Quarterly Report on Form 10-Q for the quarter ended June 30, 2010.

Contacts
Force Protection, Inc.
Media Contact:
Tommy Pruitt, 843-574-3866

Senior Communications Director
tommy.pruitt@forceprotection.net
or
Investor Relations Contact:
Wes Harris, 843-574-3892
Investor Relations Director
wes.harris@forceprotection.net

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Security News; - The State Department alerts U.S. citizens to the potential for terrorist attacks in Europe.

Security News;  - Travel Alert- U.S. DEPARTMENT OF STATE

Bureau of Consular Affairs
Europe

October 3, 2010
(http://www.investorideas.com/ defense stocks blog )
The State Department alerts U.S. citizens to the potential for terrorist attacks in Europe. Current information suggests that al-Qa’ida and affiliated organizations continue to plan terrorist attacks. European governments have taken action to guard against a terrorist attack and some have spoken publicly about the heightened threat conditions.
Terrorists may elect to use a variety of means and weapons and target both official and private interests. U.S. citizens are reminded of the potential for terrorists to attack public transportation systems and other tourist infrastructure. Terrorists have targeted and attacked subway and rail systems, as well as aviation and maritime services. U.S. citizens should take every precaution to be aware of their surroundings and to adopt appropriate safety measures to protect themselves when traveling.



We continue to work closely with our European allies on the threat from international terrorism, including al-Qa’ida. Information is routinely shared between the U.S. and our key partners in order to disrupt terrorist plotting, identify and take action against potential operatives, and strengthen our defenses against potential threats.

We recommend U.S. citizens register their travel plans with the Consular Section of the U.S. Embassy through the State Department's travel registration website. Travelers may obtain up-to-date information on security conditions by calling 1-888-407-4747 toll-free in the U.S. and Canada, or on a regular toll line at 1-202-501-4444 from elsewhere in the world.

For information on general crime and security issues, U.S. citizens should also consult the Department of State's Country-Specific Information as well as the Worldwide Caution, which can be found on the Bureau of Consular Affairs website. For further information on safety tips while traveling abroad, U.S. citizens should also consult the following website: http://travel.state.gov/travel/tips/tips_1232.html


This Travel Alert expires on January 31, 2011.

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Monday, September 13, 2010

Investorideas.com - Nanotechnolgy Stocks; mPhase Technologies, Inc. (OTC.BB:XDSL) to Showcase Smart NanoBattery at DoD Technology Transition Conference

Investorideas.com - Nanotechnology Stocks; mPhase Technologies, Inc. (OTC.BB:XDSL) to Showcase Smart NanoBattery at DoD Technology Transition Conference

LITTLE FALLS, NJ - September 13, 2010 (Investorideas.com Newswire) - mPhase Technologies, Inc. (OTC.BB:XDSL) today announced that it will be showcasing its Smart NanoBattery technology at the 2010 National SBIR Beyond Phase II Conference & Technology Showcase, September 13 - 17, 2010, San Antonio, Texas. The 2010 National SBIR Beyond Phase II Conference & Technology Showcase, hosted by the Department of Defense, Office of Small Business Programs, is the only National SBIR event focusing exclusively on transitioning current Phase II technologies into government, military and public markets.


The purpose of this conference is to provide a forum to bring together scientists, engineers, and technology decision makers from a wide range of disciplines and interest areas to discuss all aspects of transitioning SBIR and STTR supported research and development into government and private sector commercial markets.
"This national conference is an excellent opportunity for exposing the advantages and unique capabilities of the Smart NanoBattery for defense and commercial applications that we have developed under the United States Army Phase II award, for incorporation into forward-looking designs requiring improved power functionality for critical systems," said Ron Durando, president and CEO of mPhase Technologies. "We are looking forward to meeting with participants at this event and are looking to establishing business and collaboration relationships for transiting the Smart NanoBattery prototype into potential DoD, commercial applications and other research and development efforts."
The development of the Smart NanoBattery has been undertaken with funding support from a Phase II STTR Army award.
About mPhase Technologies, Inc.
mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfludics. Our Smart Surface technology has potential applications within drug delivery systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart NanoBattery.
In addition to the Smart Surface technology, mPhase recently introduced its first product the mPower Emergency Illuminator, an award winning product designed by Porsche Design Studio and sold via the mPower website: http://www.mpowertech.com/.
More information about the company can be found at http://www.mphasetech.com/.
Forward-Looking Statements
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. mPhase assumes no obligation to update the information in this release.
Contact:
Michael Meek CPhTmPhase Technologies, Inc.Investor Relations301-718-1635The Investor Relations Group212-825-3210Erika Moran
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Investorideas.com News - Homeland Defense and Security Stocks Directory Update for September 2010

Investorideas.com News - Homeland Defense and Security Stocks Directory Update for September 2010


Visit this company: www.HomelandDefenseStocks.com

September 13, 2010 – www.HomelandDefenseStocks.com, a leading global investor and industry portal for the defense and security sector, within www.Investorideas.com, updates investors with the defense stocks directory to research global defense stocks, Homeland Security Stocks, Aerospace and Defense Stocks, Biodefense Stocks, Security Stocks, Energy Security Stocks and Infrastructure Stocks for September 2010.

The Homeland Security and defense directory includes stocks on NYSE, NASDAQ, OTCBB, TSX and global exchanges. The directory is available in PDF format or is included as part of the Investor Ideas Membership premium content with 10 other stock directories.


Partial Stock Directory - Preview
Homeland Security and Defense Stocks September 2010

Learn more about the directory: Visit directory
2-Track Global Inc. (OTCBB:TOTG) is a technology development and marketing company which owns, operates and licences proprietary telematics solutions combining hardware and software applications run over wireless or satellite networks to deliver remote security management of marine and cargo fleets (including consumer solutions aimed at the leisure, marine and domestic security markets) and commercial vehicle plant and machinery management and security. The company has communications architecture technology, which provides global logistics solutions for the remote monitoring of freight containers over multiple transport mores.
4C Controls (OTCBB: FOUR) is an early stage company offering high technology integrated security solutions providing real-time early warning and reduction of time scales from threat-detection to termination in the field. The Company's primary focus is on cutting-edge technologies and large distribution networks including high resolution synthetic aperture radar satellites (SAR) and satellite images; ground high performance radars for intrusion detection and electronic surveillance / access control markets such as biometric, radio frequency identification (RFID), real time locating systems (RTLS) and closed-circuit television (CCTV).
AAR Corp. (NYSE:AIR) AAR is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve aviation and defense customers through four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems; and Aircraft Sales and Leasing.
Abaxis Inc. (NasdaqGS:ABAX) Abaxis develops, manufactures and markets portable blood analysis systems for use in any veterinary or human patient-care setting to provide clinicians with rapid blood constituent measurements. The system consists of a compact, 5.1 kilogram (11.2 pounds), portable analyzer and a series of single-use plastic discs, called reagent discs that contain all the chemicals required to perform a panel of up to 13 tests on veterinary patients and 14 tests on human patients. The system can be operated with minimal training and performs multiple routine tests on whole blood, serum or plasma samples. The system provides test results in less than 12 minutes with the precision and accuracy equivalent to a clinical laboratory analyzer.
ABM Industries Inc. (NYSE:ABM) ABM Industries Incorporated, which operates through its subsidiaries (collectively "ABM"), is among the leading providers of facility services in the United States. With fiscal 2008 revenues in excess of $3.6 billion and more than 100,000 employees, ABM provides janitorial, facility, engineering, parking and security services for thousands of commercial, industrial, institutional and retail facilities across the United States, Puerto Rico and British Columbia, Canada. ABM’s business services include ABM Janitorial Services; ABM Facility Services; ABM Engineering Services; Ampco System Parking; and ABM Security Services.
Acambis (AIM:ACM.L; ACAMY.PK) Acambis is a leading vaccine company developing novel vaccines that address significant unmet medical needs or substantially improve standards of care. Acambis is recognised internationally as the leading producer of smallpox vaccines for emergency-use stockpiles held by the US Government and several other governments around the world. Acambis developed its ACAM2000™ smallpox vaccine under contracts with the US Government.
Accenture Ltd (NYSE: ACN) With proven delivery excellence, innovative organizational, process and technology solutions, defense and commercial experience, broad capabilities and global resources, Accenture helps support the warfighter and achieve high performance at speed in a complex and changing environment. Accenture delivers world-class capabilities to defense clients worldwide. As conditions and requirements change, we stand ready with proven technology, resources and systems to help achieve battlefield dominance, superior warfighting capability and victory.
ACI Worldwide (NasdaqGS:ACIW) ACI Worldwide is a leading provider of electronic payments software and services to major banks, retailers and processors around the world. The company's solutions enable online payment processing, online banking, fraud prevention and detection, and back office services such as settlement, account management, card management and dispute processing. ACI solutions provide market-leading levels of reliability, manageability and scale to over 800 customers in 88 countries.
Full Defense stocks directory http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp


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