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Online News 2003 P20
L-3 Communications to Acquire Goodrich Avionics
NEW YORK, January 29, 2003. L-3 Communications has agreed to acquire Goodrich Avionics Systems for $188 million in cash. The transaction will be treated as an asset acquisition for tax purposes with the resulting tax benefit from that structure. The acquisition is subject to customary closing conditions, and is expected to close by March 2003. The company expects the acquisition to be accretive to L-3 Communications' 2003 results.
DSSI to Provide Electronic Security for Three NY Airports
SADDLE BROOK, N.J., January 28, 2003. Diversified Security Solutions, Inc. (DSSI) has entered into a contract with the Port Authority of New York and New Jersey to provide electronic security and systems integration services for the three major New York metropolitan area airports - John F. Kennedy International (JFK), Newark International and LaGuardia.
DRS Provides Internet Broadcast From Investor Meeting
PARSIPPANY, N.J., January. 27, 2003. DRS Technologies announced that the presentation by Mark S. Newman, the company's chairman, president and CEO, and Richard A. Schneider, the company's executive vice president and CFO, at the Tenth Annual Bear Stearns Commercial Aerospace and Defense Conference will be broadcast live over the Internet today beginning at 3:30 p.m. and continuing through 4:15 p.m. EST.
United Defense Teams on Army's Future Combat System Design
ARLINGTON, Va., January 24, 2003. United Defense Industries was selected by the Defense Advanced Research Projects Agency and the Army to partner with General Dynamics Land Systems to design the Army's next generation of manned ground vehicles. The future combat system Lead System Integrator (Boeing/SAIC) have formed the manned ground vehicle design team allowing the two companies with the most experience in ground combat vehicles to immediately begin design work
Burke Named DefenseWeb CEO
SAN DIEGO, January 23, 2003. DefenseWeb Technologies named Douglas W. Burke as its Chief Executive Officer. A veteran of the enterprise software industry, Burke will manage all company operations focusing on revenue growth, profitability and market penetration of DefenseWeb's technology platform, Xtendable. Burke will also join DefenseWeb's Board of Directors.
SecureInfo Wins $8.3M USAF Computer Network Defense Contract
SAN ANTONIO, January 22, 2003. SecureInfo Corporation, a provider of comprehensive enterprise information security management solutions, announced that the Commander of the 33rd Information Operations Squadron, a subordinate organization of the 67th Information Operations Group at Lackland Air Force Base, Texas, has awarded the Company an $8.3 million contract to provide cybersecurity management solutions for the Air Force Computer Emergency Response Team
ENSCO Launches Program for Avionics Software Testing
Endicott, N.Y. January 21, 2003. ENSCO has launched the Six Star program, a new verification package for high-reliability, safety critical avionics software through RTCA/DO-178B/ED-12B. The program provides continually refined testing approaches and automation at six distinct levels of service: software requirements, design, source code, review, analysis and module test.
Moves to Standardize on Infiniband for Embedded Computing
Long Beach, CA, January 20, 2003. A group of technology companies have announced the launch of an industry effort to establish the InfiniBand architecture as the prime interconnect fabric in embedded computing. The co-sponsoring companies, Mellanox Technologies, SBS Technologies and SKY Computers), announced they will lead a newly established Embedded InfiniBand Subgroup within the InfiniBand Trade Association (IBTA).
Lockheed Martin Realigns Commercial Space Systems
BETHESDA, Md., January 17, 2003. Following an analysis of strategic options in response to ongoing overcapacity issues in the commercial satellite-manufacturing marketplace, Lockheed Martin will advance and extend its aggressive realignment initiative, begun in July 2001, to consolidate and streamline management, engineering and manufacturing organizations within its Commercial Space Systems business.
Essex Awarded $3.7M for Optoelectronic Radar Processor
COLUMBIA, Md., January 16, 2003. Essex Corporation has been awarded a $3.7 million follow-on task order from the U.S. Department of Defense, Missile Defense Agency (MDA) to deliver an optoelectronic radar processor by late 2003. The task was issued through the Company's contract with the Naval Air Systems Command.
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