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Online News 2007 P48
Aeroflex to be acquired by Veritas Capital
PLAINVIEW, N.Y., 29 May 2007. Aeroflex Inc. management announced that, in light of the superior proposal received from Veritas Capital of $14.50 per share in cash, it has terminated the merger agreement with affiliates of General Atlantic and Francisco Partners and entered into a new merger agreement with subsidiaries of Veritas in a transaction valued at approximately $1.1 billion.
European aerospace and defense industry serious competitor to U.S. market
DUBLIN, Ireland, 28 May 2007. Research and Markets has added "The European Aerospace & Defense Industry" report to its offering. The report provides an analysis of the European aerospace and defense industry.
Strategy X in pursuit of 2007 U.S. Department of Homeland Security grants
HARRISON, Maine, 27 May 2007. The management of Strategy X Inc., a global risk mitigation specialist, is pursuing vertical markets in the 2007 Homeland Security Grant Program (HSGP). The HSGP program will award more than $1.6 billion to enhance the ability of states, territories, and urban areas to prepare for, prevent, and respond to terrorist attacks and other major disasters.
DRS Technologies to develop prototype refueling system for the U.S.M.C.
PARSIPPANY, N.J., 26 May 2007. DRS Technologies Inc. won a $3 million contract from the U.S. Army's Tank-Automotive and Armaments Command (TACOM) in Warren, Mich., to build a prototype Flatrack Refueling Capability (FRC) system for the U.S. Marine Corps (USMC).
Research report reveals Airbus edges ahead of Boeing in U.S. aerospace and defense market
DUBLIN, 26 May 2007. Research and Markets has released a new report, "Analyzing United States' Aerospace & Defense Industry." The United States has been the world leader in aerospace and aviation since the early 20th century as both the largest producer and marketplace. The U.S. is the world's largest aerospace and defence market and has the world's largest military budget.
MDI unified security systems installed at two U.S. Marine Corps bases
SAN ANTONIO, 25 May 2007. MDI Inc., provider of Unified Technology solutions for the security industry, has received purchase orders for its products as part of a unified security system implementation project at two Marine Corps bases in the U.S.
General Atlantic and Francisco Partners waive rights under merger agreement, Veritas to acquire Aeroflex
PLAINVIEW, N.Y., 25 May 2007. Aeroflex Inc. has received a letter stating that General Atlantic and Francisco Partners waive their rights under the merger agreement to submit a revised proposal for the acquisition of Aeroflex.
Australia to establish National Nanotechnology Strategy
SANTA CLARA, Calif., 25 May 2007. Australia's Prime Minister John Howard and Industry Minister Ian Macfarlane announced the establishment of a $21.5 million (US $17.8 million) National Nanotechnology Strategy. The four-year strategy is part of the Australian government's $1.4 billion industry statement which also includes tax breaks for R&D investors by extending eligibility for the 175 percent R&D tax concession.
Northrop Grumman awards contracts to LaBarge for military aircraft defense system
ST. LOUIS, 24 May 2007. LaBarge Inc. has received contracts valued at $2 million from Northrop Grumman Corp. to continue to produce electronic equipment for the AN/AAQ-24(V) NEMESIS directional infrared countermeasure (DIRCM) system.
U.S. Department of Navy to improve information sharing through CRADA with Tower Software, Booz Allen Hamilton
RESTON, Va., 24 May 2007. The Department of the Navy has selected Tower Software, along with Booz Allen Hamilton, to assist in the evolution and wide-spread deployment of the Navy's correspondence management system (CMS). Under the cooperative research and development agreement (CRADA), the two parties will assist in the evolution of the existing Navy CMS to develop a Navy and Department of Defense (DOD) enterprise-wide solution.
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