Defense Stocks Sector Close-Up; Lockheed Martin Corporation (NYSE:LMT) reports first quarter 2009 net earnings of $666 million
POINT ROBERTS, Wash., DELTA, B.C. –April 21, 2009 – www.HomelandDefenseStocks.com, a leading global investor and industry portal for the defense and security sector, within Investorideas.com, presents a sector close-up on defense stocks trading April 21, 2009. Lockheed Martin (NYSE:LMT) was trading at $77.1, up $1.43 (1.89%) 11:20am ET on earnings news.
Defense stocks trading April 21, 2009:
EMRISE CORPORATION (NYSE Arca: ERI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that it has received an $850,000 follow-on order for custom power supply units to be used in a shipboard application for a multi-year marine program in Europe. The order, which was received from a prime multi-national customer, is for the continuing support of systems currently in service and is to be delivered during 2009 and 2010. ERI was trading at $1.55, up 0.03 (1.97%)
Honeywell International Inc. (NYSE:HON) trading up at $30.34, with gains of$ 0.55 (1.86%) 11:25AM ET
L-3 Communications (NYSE: LLL ) trading at $ 72.97, up $1.45 (2.03%) 11:26AM ET. The Company announced news on Monday of a $203 million order of seven additional aircraft by the JCA Joint Program Office. This January 2009 order brings the current contract total to 13 aircraft. L-3 leads an industry team that includes aircraft manufacturer Alenia Aeronautica, Rolls Royce, Honeywell and Dowty.
Lockheed Martin Corporation (NYSE:LMT) reported first quarter 2009 net earnings of $666 million ($1.68 per diluted share), compared to $730 million ($1.75 per diluted share) in 2008. Net earnings in 2009 included higher pension expense as previously disclosed in our January 22, 2009 earnings release and in our 2008 Form 10-K. In 2009, the FAS/CAS pension adjustment was ($114) million, which decreased net earnings by $74 million ($0.19 per share). In 2008, the FAS/CAS pension adjustment was $32 million, which increased net earnings by $21 million ($0.05 per share).
Net sales for the first quarter of 2009 were $10.4 billion, compared to $10.0 billion in 2008. Cash from operations for the first quarter of 2009 was $1.2 billion, compared to $880 million in 2008.
Lockheed Martin was trading at $77.16, up $1.43 (1.89%) 11:20am ET
Northrop Grumman Corporation (NYSE:NOC) trading at $ 46.95, down $0.05 (-0.11%) 11:28am ET
Raytheon Company (NYSE: RTN ) trading up at $41.35, gains of $0.12 (0.29%) 11:29am ET
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Tuesday, April 21, 2009
Advanced Unmanned Ground Vehicle Demonstrates Record Mission Duration Using Protonex Fuel Cell System Technology
Advanced Unmanned Ground Vehicle Demonstrates Record Mission Duration Using Protonex Fuel Cell System Technology
SOUTHBOROUGH, Mass April 21 2009 --Protonex Technology Corporation (LSE: AIM: PTX and PTXU), a leading provider of advanced fuel cell power systems for portable, remote and mobile applications, today announces that Foster-Miller, Inc. (a QinetiQ company), has successfully demonstrated record unmanned ground vehicle (UGV) endurance capabilities by integrating a Protonex fuel cell power system into a Foster-Miller TALON™ robotic UGV. The TALON robot, with a hybridised fuel cell-battery power system from Protonex, demonstrated three times the operational mission range and twice the energy density of its existing advanced battery systems. The demonstration was conducted as a part of the OSD-sponsored Next Generation Manufacturing Technologies Initiative (NGMTI), led by the South Carolina Research Authority (SCRA) in Charleston, South Carolina.
As part of the NGMTI program, funded through the Defense Logistics Agency and managed by the Naval Surface Warfare Center Crane Division, Protonex developed and integrated an advanced fuel cell power platform with battery hybridisation into the existing battery bay of the TALON robot. The hybrid fuel cell power system delivered approximately 200 watts of continuous power and also met all peak power demands of the TALON robot. Protonex combined the high power density of its advanced fuel cell systems with a high energy density chemical hydride fuel to significantly extend the duration and mission capabilities of the existing TALON UGV robotics platform. Based on performance data from Foster-Miller, the Protonex fuel cell platform allowed the TALON robot to increase its mission range from 15 km to 45 km. This extremely successful demonstration was the first integration of a hybrid fuel cell-battery platform into a Foster-Miller TALON robot.
This program initiative builds on related efforts by Protonex on unmanned aerial vehicles (UAVs) and further demonstrates the Company’s ability to deliver extended mission times, thus enabling expanded mission capabilities for UGVs including persistent surveillance and border patrol.
Commenting on the news, Dr. Paul Osenar, Chief Technology Officer for Protonex Technology Corporation said: “The record mission time demonstrated through this program represents another important milestone for Protonex and further validates the range of vehicles into which our high performance power sources can effectively be integrated. Based on the success of this UGV program and our ongoing success with UAVs, Protonex expects more significant opportunities for our fuel cell platforms in small vehicles used in a variety of military and commercial applications.”
Notes to Editors
About Protonex Technology Corporation
www.protonex.com
Protonex Technology Corporation develops and manufactures compact, lightweight and high- performance fuel cell systems for portable power applications in the 100 to 1000-watt range. The Company’s fuel cell systems are designed to meet the needs of military, commercial and consumer customers for off-grid applications underserved by existing technologies by providing customizable, stand-alone portable power solutions and systems that may be hybridized with existing power technologies. The Company is headquartered in Southborough, Massachusetts.
About Foster-Miller, Inc. (QinetiQ North America Technology Solutions Group)
www.foster-miller.com
QinetiQ North America’s Technology Solutions Group includes the businesses of Foster-Miller, Inc. and its subsidiaries Planning Systems Incorporated (PSI), Automatika and Applied Perception plus the research and development activities of Apogen Technologies, Inc. It is a technology and product development business with an international reputation for delivering innovative products and systems that perform under the most demanding conditions.
About NGMTI
www.ngmti.org
The Next Generation Manufacturing Technology Initiative program, (NGMTI) is a consortium managed by the South Carolina Research Authority (SCRA) in Charleston, South Carolina. The purpose of the NGMTI is to accelerate the development and implementation of advanced breakthrough manufacturing technologies in support of the warfighter, and the global economic competitiveness of U.S. manufacturing. NGMTI launches collaborative project teams consisting of subject matter experts from industry, government, academia, and associations in support of its purpose.
This announcement includes statements which are, or may be deemed to be, "forward-looking statements". All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding Protonex’ financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to Protonex’ products and services) are forward-looking statements. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Protonex to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. These factors include but are not limited to those described in the Admission Document issued in connection with the Company’s admission to AIM.
Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements in this announcement speak only as at the date of this announcement and are subject to risks relating to future events and other risks, uncertainties and assumptions relation to Protonex’ operations, results of operations, growth strategy and liquidity.
Contacts Protonex Technology CorporationScott Pearson, +1 508-490-9960Chief Executive OfficerorMargaret Dorsheimer, +1 508-490-9960Director of MarketingorRedleaf Communications LimitedPress and Investor RelationsSamantha Robbins, +44 (0)20 7566 6700orPaul Dulieu, +44 (0)20 7566 6700protonex@redleafpr.comorPiper Jaffray Ltd.Nominated AdviserMichael Covington, +44 (0)20 3142 8700orJames Steel, +44 (0)20 3142 8700Research defense stocks with the global defense stocks directory at Investorideas.com
click here:
http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
SOUTHBOROUGH, Mass April 21 2009 --Protonex Technology Corporation (LSE: AIM: PTX and PTXU), a leading provider of advanced fuel cell power systems for portable, remote and mobile applications, today announces that Foster-Miller, Inc. (a QinetiQ company), has successfully demonstrated record unmanned ground vehicle (UGV) endurance capabilities by integrating a Protonex fuel cell power system into a Foster-Miller TALON™ robotic UGV. The TALON robot, with a hybridised fuel cell-battery power system from Protonex, demonstrated three times the operational mission range and twice the energy density of its existing advanced battery systems. The demonstration was conducted as a part of the OSD-sponsored Next Generation Manufacturing Technologies Initiative (NGMTI), led by the South Carolina Research Authority (SCRA) in Charleston, South Carolina.
As part of the NGMTI program, funded through the Defense Logistics Agency and managed by the Naval Surface Warfare Center Crane Division, Protonex developed and integrated an advanced fuel cell power platform with battery hybridisation into the existing battery bay of the TALON robot. The hybrid fuel cell power system delivered approximately 200 watts of continuous power and also met all peak power demands of the TALON robot. Protonex combined the high power density of its advanced fuel cell systems with a high energy density chemical hydride fuel to significantly extend the duration and mission capabilities of the existing TALON UGV robotics platform. Based on performance data from Foster-Miller, the Protonex fuel cell platform allowed the TALON robot to increase its mission range from 15 km to 45 km. This extremely successful demonstration was the first integration of a hybrid fuel cell-battery platform into a Foster-Miller TALON robot.
This program initiative builds on related efforts by Protonex on unmanned aerial vehicles (UAVs) and further demonstrates the Company’s ability to deliver extended mission times, thus enabling expanded mission capabilities for UGVs including persistent surveillance and border patrol.
Commenting on the news, Dr. Paul Osenar, Chief Technology Officer for Protonex Technology Corporation said: “The record mission time demonstrated through this program represents another important milestone for Protonex and further validates the range of vehicles into which our high performance power sources can effectively be integrated. Based on the success of this UGV program and our ongoing success with UAVs, Protonex expects more significant opportunities for our fuel cell platforms in small vehicles used in a variety of military and commercial applications.”
Notes to Editors
About Protonex Technology Corporation
www.protonex.com
Protonex Technology Corporation develops and manufactures compact, lightweight and high- performance fuel cell systems for portable power applications in the 100 to 1000-watt range. The Company’s fuel cell systems are designed to meet the needs of military, commercial and consumer customers for off-grid applications underserved by existing technologies by providing customizable, stand-alone portable power solutions and systems that may be hybridized with existing power technologies. The Company is headquartered in Southborough, Massachusetts.
About Foster-Miller, Inc. (QinetiQ North America Technology Solutions Group)
www.foster-miller.com
QinetiQ North America’s Technology Solutions Group includes the businesses of Foster-Miller, Inc. and its subsidiaries Planning Systems Incorporated (PSI), Automatika and Applied Perception plus the research and development activities of Apogen Technologies, Inc. It is a technology and product development business with an international reputation for delivering innovative products and systems that perform under the most demanding conditions.
About NGMTI
www.ngmti.org
The Next Generation Manufacturing Technology Initiative program, (NGMTI) is a consortium managed by the South Carolina Research Authority (SCRA) in Charleston, South Carolina. The purpose of the NGMTI is to accelerate the development and implementation of advanced breakthrough manufacturing technologies in support of the warfighter, and the global economic competitiveness of U.S. manufacturing. NGMTI launches collaborative project teams consisting of subject matter experts from industry, government, academia, and associations in support of its purpose.
This announcement includes statements which are, or may be deemed to be, "forward-looking statements". All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding Protonex’ financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to Protonex’ products and services) are forward-looking statements. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Protonex to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. These factors include but are not limited to those described in the Admission Document issued in connection with the Company’s admission to AIM.
Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements in this announcement speak only as at the date of this announcement and are subject to risks relating to future events and other risks, uncertainties and assumptions relation to Protonex’ operations, results of operations, growth strategy and liquidity.
Contacts Protonex Technology CorporationScott Pearson, +1 508-490-9960Chief Executive OfficerorMargaret Dorsheimer, +1 508-490-9960Director of MarketingorRedleaf Communications LimitedPress and Investor RelationsSamantha Robbins, +44 (0)20 7566 6700orPaul Dulieu, +44 (0)20 7566 6700protonex@redleafpr.comorPiper Jaffray Ltd.Nominated AdviserMichael Covington, +44 (0)20 3142 8700orJames Steel, +44 (0)20 3142 8700Research defense stocks with the global defense stocks directory at Investorideas.com
click here:
http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
Monday, April 20, 2009
L-3 Announces the Order of Seven C-27J JCA Aircraft
L-3 Announces the Order of Seven C-27J JCA Aircraft
NEW YORK April 20 2009 --L-3 Communications (NYSE: LLL), the prime contractor for the U.S. Army and Air Force Joint Cargo Aircraft (JCA) program, announced today a $203 million order of seven additional aircraft by the JCA Joint Program Office. This January 2009 order brings the current contract total to 13 aircraft. L-3 leads an industry team that includes aircraft manufacturer Alenia Aeronautica, Rolls Royce, Honeywell and Dowty.
“We are very happy with the team’s performance and progress on the program,” said James Burkhardt, president of L-3’s Platform Integration division.
“This latest order reflects the confidence that the U.S. government has in our abilities to continue to perform at the highest levels,” said Giuseppe Giordo, president and chief executive officer of Alenia North America and co-chief operating officer of aircraft manufacturer Alenia Aeronautica. “Our team’s intense focus on delivering on our commitments remains absolutely critical as we continue to meet the needs of our customers worldwide.”
With the first two C-27J aircraft delivered and crew training under way, the program continues to progress on schedule and on budget. Following the on-time delivery of the first aircraft in 2008, the first C-27J JCA training class commenced in November 2008, preparing pilots and loadmasters to perform multiple mission roles and serve as instructors.
Alenia North America is a subsidiary of Alenia Aeronautica and part of the Finmeccanica Group. Its mission is to further expand the industrial and commercial presence of the Alenia Group in North America. Alenia North America Inc. is headquartered in Washington, D.C., with offices in Seattle, Wash.; Long Beach, Calif.; and Fort Worth, Texas. Alenia North America – Canada, a subsidiary wholly owned by Alenia North America, has offices in Ottawa, Canada. Alenia North America is also a shareholder in several joint venture companies located in the United States. Global Aeronautica, a joint venture with The Boeing Company, is located in North Charleston, South Carolina, and performs significant integration and sub assembly work for the Boeing 787 program. Global Military Aircraft Systems (GMAS), a joint venture with L-3 Communications Integrated Systems, is a center of excellence to support the C-27J in North America. GMAS is headquartered in Madison, Miss.
L-3 Integrated Systems (L-3 IS) develops and integrates defense and commercial technology for U.S. and allied customers worldwide. Headquartered in Greenville, Texas, L-3 IS has more than five decades of experience in the development of complex intelligence, surveillance and reconnaissance systems; command and control; and secure communications. It is recognized internationally as a systems integration organization specializing in the modernization and maintenance of aircraft of all sizes. It is a leader in advanced technologies for signal processing, electronic countermeasures, sensor development and aircraft self-protection. Systems provided or maintained by L-3 IS help protect military and civilian personnel, bases, assets and national borders throughout the world.
Headquartered in New York City, L-3 Communications employs approximately 65,000 people worldwide and is a prime contractor in aircraft modernization and maintenance, C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems and government services. L-3 is also a leading provider of high technology products, subsystems and systems. The company reported 2008 sales of $14.9 billion.
To learn more about L-3, please visit the company's Web site at www.L-3com.com. L-3 uses its Web site as a channel of distribution of material company information. Financial and other material information regarding L-3 is routinely posted on the company’s Web site and is readily accessible.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "will," "could" and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company's Safe Harbor Compliance Statement for Forward-looking Statements included in the company's recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.
Notes to Editors:
The C-27J is a mid-range, multifunctional and interoperable aircraft able to perform logistical re-supply, MEDEVAC, troop movement, airdrop operations, search and rescue, humanitarian assistance and homeland security missions for the U.S. Army and U.S. Air Force. The C-27J will replace the U.S. Army’s C-23 Sherpa and portions of the US Army’s C-12 and C-26 fleet. The C-27J will augment the U.S. Air Force’s existing fleet of intra-theater airlifters. The aircraft will play a key role in providing responsive aerial sustainment and critical re-supply support for the maneuver force. The C-27J Spartan has been in production in Italy since 2001, and has been delivered to Bulgaria, Greece, Italy and Lithuania. It has also been ordered by Romania and Morocco. The C-27J Spartan has been most recently selected by Slovakia with contract negotiations underway. Orders to-date, follow-on contracts, as well as international, foreign military and variant sales are expected to extend orders for the C-27J to more than 200 aircraft. The C-27J Spartan is the latest in a successful tradition of military airlifters, which includes the C-27A Spartan and the G.222, which have been deployed by NATO, Coalition Forces, the United Nations and Italy. The aircraft has been used successfully in support of military and humanitarian operations in Albania, Armenia, Bosnia, Cambodia, Congo, Operations Desert Shield and Storm, East Timor, Eritrea, Ethiopia, Honduras, Kosovo, Libya, Mali, Panama, Rwanda, Somalia, Uganda. and Yemen. C-27A Spartans are currently carrying out vital counter-drug activities for the United States in Central and South America.
Contacts L-3 Integrated SystemsLance Martin, 254-867-7001Manager, Public Relations
Research defense stocks with the global defense stocks directory at Investorideas.com
click here:
http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
NEW YORK April 20 2009 --L-3 Communications (NYSE: LLL), the prime contractor for the U.S. Army and Air Force Joint Cargo Aircraft (JCA) program, announced today a $203 million order of seven additional aircraft by the JCA Joint Program Office. This January 2009 order brings the current contract total to 13 aircraft. L-3 leads an industry team that includes aircraft manufacturer Alenia Aeronautica, Rolls Royce, Honeywell and Dowty.
“We are very happy with the team’s performance and progress on the program,” said James Burkhardt, president of L-3’s Platform Integration division.
“This latest order reflects the confidence that the U.S. government has in our abilities to continue to perform at the highest levels,” said Giuseppe Giordo, president and chief executive officer of Alenia North America and co-chief operating officer of aircraft manufacturer Alenia Aeronautica. “Our team’s intense focus on delivering on our commitments remains absolutely critical as we continue to meet the needs of our customers worldwide.”
With the first two C-27J aircraft delivered and crew training under way, the program continues to progress on schedule and on budget. Following the on-time delivery of the first aircraft in 2008, the first C-27J JCA training class commenced in November 2008, preparing pilots and loadmasters to perform multiple mission roles and serve as instructors.
Alenia North America is a subsidiary of Alenia Aeronautica and part of the Finmeccanica Group. Its mission is to further expand the industrial and commercial presence of the Alenia Group in North America. Alenia North America Inc. is headquartered in Washington, D.C., with offices in Seattle, Wash.; Long Beach, Calif.; and Fort Worth, Texas. Alenia North America – Canada, a subsidiary wholly owned by Alenia North America, has offices in Ottawa, Canada. Alenia North America is also a shareholder in several joint venture companies located in the United States. Global Aeronautica, a joint venture with The Boeing Company, is located in North Charleston, South Carolina, and performs significant integration and sub assembly work for the Boeing 787 program. Global Military Aircraft Systems (GMAS), a joint venture with L-3 Communications Integrated Systems, is a center of excellence to support the C-27J in North America. GMAS is headquartered in Madison, Miss.
L-3 Integrated Systems (L-3 IS) develops and integrates defense and commercial technology for U.S. and allied customers worldwide. Headquartered in Greenville, Texas, L-3 IS has more than five decades of experience in the development of complex intelligence, surveillance and reconnaissance systems; command and control; and secure communications. It is recognized internationally as a systems integration organization specializing in the modernization and maintenance of aircraft of all sizes. It is a leader in advanced technologies for signal processing, electronic countermeasures, sensor development and aircraft self-protection. Systems provided or maintained by L-3 IS help protect military and civilian personnel, bases, assets and national borders throughout the world.
Headquartered in New York City, L-3 Communications employs approximately 65,000 people worldwide and is a prime contractor in aircraft modernization and maintenance, C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems and government services. L-3 is also a leading provider of high technology products, subsystems and systems. The company reported 2008 sales of $14.9 billion.
To learn more about L-3, please visit the company's Web site at www.L-3com.com. L-3 uses its Web site as a channel of distribution of material company information. Financial and other material information regarding L-3 is routinely posted on the company’s Web site and is readily accessible.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "will," "could" and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company's Safe Harbor Compliance Statement for Forward-looking Statements included in the company's recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.
Notes to Editors:
The C-27J is a mid-range, multifunctional and interoperable aircraft able to perform logistical re-supply, MEDEVAC, troop movement, airdrop operations, search and rescue, humanitarian assistance and homeland security missions for the U.S. Army and U.S. Air Force. The C-27J will replace the U.S. Army’s C-23 Sherpa and portions of the US Army’s C-12 and C-26 fleet. The C-27J will augment the U.S. Air Force’s existing fleet of intra-theater airlifters. The aircraft will play a key role in providing responsive aerial sustainment and critical re-supply support for the maneuver force. The C-27J Spartan has been in production in Italy since 2001, and has been delivered to Bulgaria, Greece, Italy and Lithuania. It has also been ordered by Romania and Morocco. The C-27J Spartan has been most recently selected by Slovakia with contract negotiations underway. Orders to-date, follow-on contracts, as well as international, foreign military and variant sales are expected to extend orders for the C-27J to more than 200 aircraft. The C-27J Spartan is the latest in a successful tradition of military airlifters, which includes the C-27A Spartan and the G.222, which have been deployed by NATO, Coalition Forces, the United Nations and Italy. The aircraft has been used successfully in support of military and humanitarian operations in Albania, Armenia, Bosnia, Cambodia, Congo, Operations Desert Shield and Storm, East Timor, Eritrea, Ethiopia, Honduras, Kosovo, Libya, Mali, Panama, Rwanda, Somalia, Uganda. and Yemen. C-27A Spartans are currently carrying out vital counter-drug activities for the United States in Central and South America.
Contacts L-3 Integrated SystemsLance Martin, 254-867-7001Manager, Public Relations
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
Wednesday, April 15, 2009
BAE Systems Awarded Role in $50 Billion Contract for U.S. Government Information Technology
BAE Systems Awarded Role in $50 Billion Contract for U.S. Government Information Technology
RESTON, Va.--April 15 2009 --BAE Systems received an indefinite-delivery/ indefinite-quantity contract for U.S. federal information technology work including infrastructure, applications, and IT management services under the government’s new Alliant program.
The selection qualifies the company to compete for an estimated $50 billion in future task orders awarded under the contract, administered by the General Services Administration (GSA). It has a base period of five years and a five-year option period.
“Our focus will be on supporting the government’s growing need for innovative solutions that reduce cost and increase the mission effectiveness of GSA’s client agencies,” said Gene Glazar, president of BAE Systems’ Information Solutions. “This award expands our company’s long-term partnership with the U.S. General Services Administration and enables us to offer IT solutions to any federal agency, anywhere in the world.”
BAE Systems has been providing enterprise information technology services to the GSA and its client agencies for almost 30 years.
About BAE Systems
BAE Systems is the premier global defense, security and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services. With approximately 105,000 employees worldwide, BAE Systems' sales exceeded £18.5 billion (US $34.4 billion) in 2008.
Contacts BAE SystemsElizabeth Reinhardt+1 703-563-7770Mobile: +1 571-296-5087elizabeth.reinhardt@baesystems.comorJessica Pantages+1 703-312-6157Mobile: +1 703-439-0345jessica.pantages@baesystems.comwww.baesystems.com
Research defense stocks with the global defense stocks directory at Investorideas.com
click here:
http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
RESTON, Va.--April 15 2009 --BAE Systems received an indefinite-delivery/ indefinite-quantity contract for U.S. federal information technology work including infrastructure, applications, and IT management services under the government’s new Alliant program.
The selection qualifies the company to compete for an estimated $50 billion in future task orders awarded under the contract, administered by the General Services Administration (GSA). It has a base period of five years and a five-year option period.
“Our focus will be on supporting the government’s growing need for innovative solutions that reduce cost and increase the mission effectiveness of GSA’s client agencies,” said Gene Glazar, president of BAE Systems’ Information Solutions. “This award expands our company’s long-term partnership with the U.S. General Services Administration and enables us to offer IT solutions to any federal agency, anywhere in the world.”
BAE Systems has been providing enterprise information technology services to the GSA and its client agencies for almost 30 years.
About BAE Systems
BAE Systems is the premier global defense, security and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services. With approximately 105,000 employees worldwide, BAE Systems' sales exceeded £18.5 billion (US $34.4 billion) in 2008.
Contacts BAE SystemsElizabeth Reinhardt+1 703-563-7770Mobile: +1 571-296-5087elizabeth.reinhardt@baesystems.comorJessica Pantages+1 703-312-6157Mobile: +1 703-439-0345jessica.pantages@baesystems.comwww.baesystems.com
Research defense stocks with the global defense stocks directory at Investorideas.com
click here:
http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
Tuesday, April 7, 2009
Garda Security Group (Toronto:GW.TO ) Awarded $300 Million Contract
Garda Awarded $300 Million Contract
MONTREAL, QUEBEC, CANADA-Apr 7, 2009 -- For the second time since its initial contract with the Canadian Air Transport Security Authority (CATSA) in 2004, the Garda Security Group (Toronto:GW.TO ), Canada's premier physical security company and leader in the management of airport security screening operations, is pleased to announce that CATSA and Garda have successfully negotiated a two (2) year extension to all of Garda's existing contracts for passenger and baggage security screening operations at 26 airports in Canada. The contracts extension is for a two-year period from April 1, 2009 until March 31, 2011. The value of the contracts totals more than $300 million for the two-year extension period. Garda employs close to 3,000 professionals to perform its security screening services across the country.
"Garda is proud to contribute to Canada's national security," said Garda President and CEO Stephan Cretier. "Through this important partnership, we are committed to the safety and security of the traveling public."
About Garda
Garda (Toronto:GW.TO - News), the fifth largest integrated physical security and cash logistics firm worldwide on an annualized revenue basis, is well known for addressing complex security and investigations issues. As a leading provider in consulting, investigation and security services, Garda is recognized as one of the fastest growing companies with operations across Canada and the United States, Latin America, Europe, the Middle East, Africa, and Asia. With approximately 50,000 dedicated professionals, Garda offers integrated solutions in cash logistics, physical security, consulting and investigations, and enterprise intelligence services. Its team includes specialists and some of the most highly qualified and best-trained experts in the industry. For more information, visit: http://www.gardaglobal.com and http://www.garda-world.com.
Contact: Contacts: Garda Joe Gavaghan Director, Corporate Communications 617-848-5484 617-283-4936 (Cell.) joe.gavaghan@gardaglobal.com Garda Nathalie de Champlain Vice President, Communications 800.883-8305 x 401118 nathalie.dechamplain@gardaglobal.com
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MONTREAL, QUEBEC, CANADA-Apr 7, 2009 -- For the second time since its initial contract with the Canadian Air Transport Security Authority (CATSA) in 2004, the Garda Security Group (Toronto:GW.TO ), Canada's premier physical security company and leader in the management of airport security screening operations, is pleased to announce that CATSA and Garda have successfully negotiated a two (2) year extension to all of Garda's existing contracts for passenger and baggage security screening operations at 26 airports in Canada. The contracts extension is for a two-year period from April 1, 2009 until March 31, 2011. The value of the contracts totals more than $300 million for the two-year extension period. Garda employs close to 3,000 professionals to perform its security screening services across the country.
"Garda is proud to contribute to Canada's national security," said Garda President and CEO Stephan Cretier. "Through this important partnership, we are committed to the safety and security of the traveling public."
About Garda
Garda (Toronto:GW.TO - News), the fifth largest integrated physical security and cash logistics firm worldwide on an annualized revenue basis, is well known for addressing complex security and investigations issues. As a leading provider in consulting, investigation and security services, Garda is recognized as one of the fastest growing companies with operations across Canada and the United States, Latin America, Europe, the Middle East, Africa, and Asia. With approximately 50,000 dedicated professionals, Garda offers integrated solutions in cash logistics, physical security, consulting and investigations, and enterprise intelligence services. Its team includes specialists and some of the most highly qualified and best-trained experts in the industry. For more information, visit: http://www.gardaglobal.com and http://www.garda-world.com.
Contact: Contacts: Garda Joe Gavaghan Director, Corporate Communications 617-848-5484 617-283-4936 (Cell.) joe.gavaghan@gardaglobal.com Garda Nathalie de Champlain Vice President, Communications 800.883-8305 x 401118 nathalie.dechamplain@gardaglobal.com
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Monday, April 6, 2009
Raytheon Garners $163.5 Million to Modernize Bradley Vehicle Surveillance Capability
Raytheon Garners $163.5 Million to Modernize Bradley Vehicle Surveillance Capability
MCKINNEY, Texas, April 6, 2009 - Raytheon Company (NYSE: RTN ) received two contracts totaling $163.5 million to provide 360-degree panoramic surveillance capability for Bradley fighting vehicles.
The firm-fixed price awards call for 822 Commander's Independent Viewer Block 1 units and spares to equip the U.S. Army Bradley A3.
"Raytheon's CIV is a 360-degree azimuth panoramic surveillance sight that gives the Bradley fighting vehicle improved hunter and killer capabilities," said Kass Flockerzy, Raytheon program manager for the viewer. "CIV increases situational awareness and weapon effectiveness for the Bradley commander, and it contributes to overall force protection and mission execution."
Raytheon Network Centric Systems has delivered more than 1,800 CIVs. The viewer is a second-generation infrared vision system for the Bradley fighting vehicle that provides the commander with a 360-degree battlefield view and includes enhanced capabilities for early threat detection from longer stand-off ranges.
"These CIV orders contribute to the modernization efforts that will keep Bradley vehicles mobile, operational and available to our forces," added Flockerzy.
The work under these two awards will be managed by Network Centric Systems in McKinney, Texas.
Raytheon Company, with 2008 sales of $23.2 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 87 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 73,000 people worldwide.
Note to Editors:
Raytheon received two CIV contracts from BAE Ground Systems division: a $123 million order for 620 units let Feb. 20, 2009, and a $40.5 million award for 202 units received Feb. 26, 2009.
Contact: Dave Desilets 972.952.2239
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http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
MCKINNEY, Texas, April 6, 2009 - Raytheon Company (NYSE: RTN ) received two contracts totaling $163.5 million to provide 360-degree panoramic surveillance capability for Bradley fighting vehicles.
The firm-fixed price awards call for 822 Commander's Independent Viewer Block 1 units and spares to equip the U.S. Army Bradley A3.
"Raytheon's CIV is a 360-degree azimuth panoramic surveillance sight that gives the Bradley fighting vehicle improved hunter and killer capabilities," said Kass Flockerzy, Raytheon program manager for the viewer. "CIV increases situational awareness and weapon effectiveness for the Bradley commander, and it contributes to overall force protection and mission execution."
Raytheon Network Centric Systems has delivered more than 1,800 CIVs. The viewer is a second-generation infrared vision system for the Bradley fighting vehicle that provides the commander with a 360-degree battlefield view and includes enhanced capabilities for early threat detection from longer stand-off ranges.
"These CIV orders contribute to the modernization efforts that will keep Bradley vehicles mobile, operational and available to our forces," added Flockerzy.
The work under these two awards will be managed by Network Centric Systems in McKinney, Texas.
Raytheon Company, with 2008 sales of $23.2 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 87 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 73,000 people worldwide.
Note to Editors:
Raytheon received two CIV contracts from BAE Ground Systems division: a $123 million order for 620 units let Feb. 20, 2009, and a $40.5 million award for 202 units received Feb. 26, 2009.
Contact: Dave Desilets 972.952.2239
Research defense stocks with the global defense stocks directory at Investorideas.com
click here:
http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
New Contract for Small Unmanned Aerial Vehicles (SUAV) Will Boost Economy
New Contract for Small Unmanned Aerial Vehicles (SUAV) Will Boost Economy
GATINEAU, QUEBEC, Apr 06, 2009 -- The Minister of Public Works and Government Services, the Honourable Christian Paradis, and the Minister of National Defence and Minister for the Atlantic Gateway, the Honourable Peter Gordon MacKay, as well as the Minister of Industry, the Honourable Tony Clement, today announced that the Government of Canada has awarded a contract to Insitu Inc. of Bingen, Washington, USA, to provide small unmanned aerial vehicle (SUAV) services to support the Canadian Forces.
"As a result of a fair, open and transparent competition, we now have a contract to provide SUAV services that our Canadian Forces will be able to use in Afghanistan and beyond," said Minister Paradis. "We moved quickly last summer to meet our short term needs," he added. "This procurement will not only add to the SUAV fleet for our Forces, but will provide best value for Canadian taxpayers while stimulating our economy."
"The Canadian Forces' UAV capability directly contributes to the safety and protection of our troops deployed on operations," added Minister MacKay. "The awarding of this contract will help ensure that the men and women of the Canadian Forces are provided with the necessary support to sustain this important capability in current operations in Afghanistan, and into the future."
As part of the Request for Proposal, Insitu Inc. must provide 100 percent industrial and regional benefits. This means that Insitu Inc. will boost the Canadian economy by generating one dollar of economic activity in Canada for every dollar it receives from the contract.
Canada's Industrial and Regional Benefits Policy applies to this procurement. As such, Insitu Inc. is required to undertake high quality and advanced-technology business activities in Canada in an amount equal to 100 percent of the contract value. This means that the company will invest one dollar of economic activity in Canada for every dollar it receives from the contract.
"The Government of Canada remains committed to generate the greatest amount of economic benefit to Canadian industry and the economy at large through its major defence procurements," said Minister Clement. "Canada's Industrial Regional Benefits Policy is in place to ensure that prime contractors encourage long-term industrial development and generate significant economic activity in Canada." PWGSC news releases are also available on our Internet site at: http://www.tpsgc-pwgsc.gc.ca/medias-media/index-eng.html BACKGROUNDER The Government of Canada is actively procuring the equipment needed to support urgent operational requirements in Afghanistan. On April 3, 2009, on behalf of DND, PWGSC awarded a contract to Insitu Inc. of Bingen, Washington, USA, to provide the Canadian Forces with services for Small Unmanned Aerial Vehicles (SUAVs). This contract, awarded for one year, with two one-year options, provides for SUAV turnkey services that include: training Forces personnel; maintenance personnel; repair, technical and engineering support; and integrated logistics support. The services also include launching the SUAVs and performing post takeoff checks before providing them to CF personnel for operational missions. Once the missions are complete, the contractor will recover the SUAVs to prepare them for their next mission. This contract, with an estimated value of US $30 million for the initial one-year period, is in addition to two other separate earlier procurements announced in August 2008. These procurements were undertaken to ensure that the Canadian Forces deployed in Afghanistan would have the equipment they needed, well in advance of the February 2009 deadline to meet recommendations of the Independent Panel on Canada's Future Role in Afghanistan, also known as the Manley Report. First, the Government awarded a contract to The Boeing Company to provide SUAV services on an interim basis. This contract provided for a turnkey service spanning less than one year. This equipment has been in the field since July 2008. Second, PWGSC worked closely with DND on a competitive procurement called Project NOCTUA to lease Unmanned Aerial Vehicle (UAV) services for a two-year period, with an additional one-year option. The contract was awarded to MacDonald Dettwiler and Associates LTD as a result of an open, transparent and competitive process. This allowed for the approach resulting in today's contract. The government obtained the equipment it needed as quickly as possible to protect Canadian troops, while this new competitive process was undertaken to ensure best value for Canadian taxpayers and ensure continued capability with the new contract being awarded today. The Industrial and Regional Benefits (IRB) Policy is an important component of the Government of Canada's overall procurement process for major Crown purchases. The IRB Policy enables the Government of Canada to leverage major government procurements to create long-term industrial development and to generate significant economic activity in Canada. The Policy ensures that successful prime contractors undertake high-quality, high-technology work in Canada, equivalent to 100 percent of the contract value, with lasting economic benefit. Ce texte est egalement disponible en francais. Contacts:Public Works and Government Services CanadaOffice of the Honourable Christian ParadisMary-Ann Dewey-PlantePress Secretary613-218-6961Mary-Ann.Dewey-Plante@pwgsc-tpsgc.gc.ca
Public Works and Government Services CanadaMedia Relations819-956-2315
Office of the Honourable Peter MacKayMinister of National Defenceand Minister for the Atlantic GatewayJay PaxtonPress Secretary613-996-3100
Department of National DefenceMedia Liaison Office613-996-2353 (local and international)1-866-377-0811 (anywhere in Canada)
Office of the Honourable Tony Clement, Minister of IndustryPema LhalungpaPress Secretary613-995-9001
Industry CanadaMedia Relations613-943-2502
Research defense stocks with the global defense stocks directory at Investorideas.com
click here:
http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
GATINEAU, QUEBEC, Apr 06, 2009 -- The Minister of Public Works and Government Services, the Honourable Christian Paradis, and the Minister of National Defence and Minister for the Atlantic Gateway, the Honourable Peter Gordon MacKay, as well as the Minister of Industry, the Honourable Tony Clement, today announced that the Government of Canada has awarded a contract to Insitu Inc. of Bingen, Washington, USA, to provide small unmanned aerial vehicle (SUAV) services to support the Canadian Forces.
"As a result of a fair, open and transparent competition, we now have a contract to provide SUAV services that our Canadian Forces will be able to use in Afghanistan and beyond," said Minister Paradis. "We moved quickly last summer to meet our short term needs," he added. "This procurement will not only add to the SUAV fleet for our Forces, but will provide best value for Canadian taxpayers while stimulating our economy."
"The Canadian Forces' UAV capability directly contributes to the safety and protection of our troops deployed on operations," added Minister MacKay. "The awarding of this contract will help ensure that the men and women of the Canadian Forces are provided with the necessary support to sustain this important capability in current operations in Afghanistan, and into the future."
As part of the Request for Proposal, Insitu Inc. must provide 100 percent industrial and regional benefits. This means that Insitu Inc. will boost the Canadian economy by generating one dollar of economic activity in Canada for every dollar it receives from the contract.
Canada's Industrial and Regional Benefits Policy applies to this procurement. As such, Insitu Inc. is required to undertake high quality and advanced-technology business activities in Canada in an amount equal to 100 percent of the contract value. This means that the company will invest one dollar of economic activity in Canada for every dollar it receives from the contract.
"The Government of Canada remains committed to generate the greatest amount of economic benefit to Canadian industry and the economy at large through its major defence procurements," said Minister Clement. "Canada's Industrial Regional Benefits Policy is in place to ensure that prime contractors encourage long-term industrial development and generate significant economic activity in Canada." PWGSC news releases are also available on our Internet site at: http://www.tpsgc-pwgsc.gc.ca/medias-media/index-eng.html BACKGROUNDER The Government of Canada is actively procuring the equipment needed to support urgent operational requirements in Afghanistan. On April 3, 2009, on behalf of DND, PWGSC awarded a contract to Insitu Inc. of Bingen, Washington, USA, to provide the Canadian Forces with services for Small Unmanned Aerial Vehicles (SUAVs). This contract, awarded for one year, with two one-year options, provides for SUAV turnkey services that include: training Forces personnel; maintenance personnel; repair, technical and engineering support; and integrated logistics support. The services also include launching the SUAVs and performing post takeoff checks before providing them to CF personnel for operational missions. Once the missions are complete, the contractor will recover the SUAVs to prepare them for their next mission. This contract, with an estimated value of US $30 million for the initial one-year period, is in addition to two other separate earlier procurements announced in August 2008. These procurements were undertaken to ensure that the Canadian Forces deployed in Afghanistan would have the equipment they needed, well in advance of the February 2009 deadline to meet recommendations of the Independent Panel on Canada's Future Role in Afghanistan, also known as the Manley Report. First, the Government awarded a contract to The Boeing Company to provide SUAV services on an interim basis. This contract provided for a turnkey service spanning less than one year. This equipment has been in the field since July 2008. Second, PWGSC worked closely with DND on a competitive procurement called Project NOCTUA to lease Unmanned Aerial Vehicle (UAV) services for a two-year period, with an additional one-year option. The contract was awarded to MacDonald Dettwiler and Associates LTD as a result of an open, transparent and competitive process. This allowed for the approach resulting in today's contract. The government obtained the equipment it needed as quickly as possible to protect Canadian troops, while this new competitive process was undertaken to ensure best value for Canadian taxpayers and ensure continued capability with the new contract being awarded today. The Industrial and Regional Benefits (IRB) Policy is an important component of the Government of Canada's overall procurement process for major Crown purchases. The IRB Policy enables the Government of Canada to leverage major government procurements to create long-term industrial development and to generate significant economic activity in Canada. The Policy ensures that successful prime contractors undertake high-quality, high-technology work in Canada, equivalent to 100 percent of the contract value, with lasting economic benefit. Ce texte est egalement disponible en francais. Contacts:Public Works and Government Services CanadaOffice of the Honourable Christian ParadisMary-Ann Dewey-PlantePress Secretary613-218-6961Mary-Ann.Dewey-Plante@pwgsc-tpsgc.gc.ca
Public Works and Government Services CanadaMedia Relations819-956-2315
Office of the Honourable Peter MacKayMinister of National Defenceand Minister for the Atlantic GatewayJay PaxtonPress Secretary613-996-3100
Department of National DefenceMedia Liaison Office613-996-2353 (local and international)1-866-377-0811 (anywhere in Canada)
Office of the Honourable Tony Clement, Minister of IndustryPema LhalungpaPress Secretary613-995-9001
Industry CanadaMedia Relations613-943-2502
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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