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Online News 2004 P24
IPC to acquire Orbacom Systems
NEW YORK, N.Y., Oct. 4, 2004. IPC Information Systems, LLC, announced today it has entered into a definitive purchase agreement to acquire Orbacom Systems, Inc. for up to $18 million in cash, including deferred consideration and earnout commitments.
Lockheed Martin builds radar for international air defense
SYRACUSE, N.Y., Oct. 4, 2004. Lockheed Martin's Maritime Systems & Sensors (MS2) unit has received contracts with a combined value of $625 million for radar development associated with the design and development phase of the Medium Extended Air Defense System (MEADS), an international air defense program.
State Department buys fingerprint biometric systems
LUND, Sweden, Oct. 5, 2004. Precise Biometrics AB, which develops and sells user-friendly biometric security solutions based on fingerprints, received two follow-up orders for the U.S. Department of State by the end of September, worth about MSEK 1,3 (1.3 million Swedish Kronor, about $175,500) in total.
Engineered Support to build communications system for Afghan border police
ST. LOUIS, Mo., Oct. 5, 2004. Engineered Support Systems, Inc. has been awarded an $8.3 million task order by the U.S. Army Communications and Electronics Command (CECOM), Security Assistance Management Directorate (SAMD) under its Rapid Response (R2) contract to provide the Afghan Border Police (BP) with a communications system to enable it to secure that country's borders.
General Dynamics receives $31 million in Stryker contracts
STERLING HEIGHTS, Mich., Oct. 1, 2004. The U.S. Army Tank-Automotive and Armaments Command has awarded General Dynamics Land Systems two contracts totaling $31.3 million for work related to the Army's Stryker family of eight- wheeled combat vehicles.
Boeing projects $22 billion market for new airplanes in Ireland
DUBLIN, Ireland, October 4, 2004. Ireland will require more than 300 new airplanes worth $22 billion over the next 20 years, according to The Boeing Company's annual forecast for the commercial airplane market.
Postal Service picks Lockheed Martin for $3 billion networking contract
OWEGO, N.Y., October 4, 2004. The United States Postal Service has selected a team led by Lockheed Martin to provide managed network services across the entire Postal Service enterprise, encompassing more than 37,000 locations. Services include data, voice, video, wireless, and managed security.
VirTra Systems sells combat arms simulator to Air Force
ARLINGTON, Texas, Oct. 1, 2004. VirTra Systems, Inc. today announced the sale of an IVR-180 HD high-definition firearms training system to MacDill Air Force Base, near Tampa, Florida.
Navy buys sound-cannons from American Technology Corp.
SAN DIEGO, Calif., Sept. 30, 2004. American Technology Corporation (ATC) announced today it has been awarded a $480,000 contract by the U.S. Navy for delivery of Long Range Acoustic Devices (LRAD) for use by the 5th Fleet.
Raytheon to upgrade Air Force radars
RESTON, Va., Sept. 30, 2004. Raytheon Company has been selected by the U.S. Air Force to upgrade AN/TPS-75 radars for Hill Air Force Base, Utah. The five-year indefinite-delivery indefinite-quantity contract has a ceiling of $13 million, including the three-year base period and one two-year option.
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