COMPANY NEWS
LMT
LOCKHEED MARTIN CORP NYSE
Malaysia Measat To Pay $48.7M For 2005 Satellite Launch
KUALA LUMPUR (Dow Jones)--Malaysian investment-holding company Measat Global
Bhd. (D.MSG) said Friday it will pay $48.7 million for the launch of its Meast-3
satellite in 2005.
Two subsidiaries of Lockheed Martin Corp.(NYSE:LMT) (LMT) of the U.S. - Lockheed-
Khrunichev-Energia International Inc. and Lockheed Martin Commercial Launch
Services Inc. - will provide launch services for the Measat satellite.
The satellite launch will occur between May 2005 and November 2005 from a site
in Kazakhstan, Measat said in an exchange filing.
After its launch, Measat-3 will serve Asia, the Middle East, Eastern Europe,
Africa and Australia, Measat added.
Dow Jones Newswires
09-05-030013ET
Copyright (C) 2003 Dow Jones & Company, Inc. All Rights Reserved.
GENERAL DYNAMICS CORP NYSE
I.D. Systems Gets Navy Contract
HACKENSACK, N.J. (Dow Jones)--I.D. Systems Inc. (IDSY) received a contract to
develop its wireless equipment monitoring and control project for the Navy.
In a press release Friday, the wireless technologies company said it will hammer
out details of the research and development pact in the next 45 days.
The project will use a baseline wireless system that I.D. Systems already installed
at Portsmouth Naval Shipyard to further research and develop a system for monitoring,
control, and analysis of shipyard material handling equipment.
The company will design a system to track equipment location, electronically
restrict access, analyze equipment use, enable wireless transmission of work
orders, and monitor vital equipment functions.
I.D. Systems expects the system will reduce fleet maintenance costs, improve
reliability and availability of equipment, improve equipment safety and security,
and provide remote diagnostics of machinery health functions.
Partners on the project include Northrop Grumman Corp.'s (NOC) Ship Systems
sector, National Steel and Shipbuilding Co., a unit of General Dynamics Corp.(NYSE:GD)
( GD), the U.S. Navy's Portsmouth Naval Shipyard, RLW Inc., and the Applied
Research Laboratory at Pennsylvania State University.
Company Web site: http://www.id-systems.com
-Jacquie Jordan; Dow Jones Newswires; 201-938-5400
Dow Jones Newswires
09-05-030950ET
Copyright (C) 2003 Dow Jones & Company, Inc. All Rights Reserved.
EDO CORP NYSE
EDO to Develop Interactive Training Courseware for Comanche Helicopter
NEW YORK, Sep 4, 2003 (BUSINESS WIRE) -- EDO Corporation (NYSE: EDO) has been
awarded a general purchase agreement from Sikorsky Aircraft Corporation for
continued development of interactive multimedia training courseware for the
Comanche RAH 66 helicopter. The purchase agreement has an initial ceiling of
$7 million and extends through December 2011.
This is the latest in a range of contracts related to the Comanche platform.
For example, EDO has won contracts for design and fabrication of complex composite
structures and components on the Comanche. These structures have strength and
lightweight specifications that cannot be achieved with metal alloys. EDO's
proposals typically include complex curving geometry and other unique design
solutions.
"The Comanche development program is an excellent example of our ability
to assist prime defense contractors in addressing a combination of technical
challenges," said James M. Smith, EDO's chief executive officer. "In
addition to the full suite of Comanche operating and maintenance courseware,
we are providing high-performance composite materials, as well as advanced antennas
and weapons-carriage technology. This sophisticated aircraft gives EDO an ideal
opportunity to demonstrate our diverse range of capabilities."
The former Advanced Engineering and Research Associates, which was acquired
in February and has been consolidated into EDO's Professional Services Division,
has been providing interactive training and related services for the Comanche
program since July 2001. Under previous contracts, the company developed a secure
Internet portal for the exchange of programmatic and training data, and a content
management system for interactive multimedia instruction. It enables rapid courseware
updates as engineering changes occur. The systems utilize commercial off-the-shelf
software tools, and are compliant with Shareable Content Object Reference Model
(SCORM) standards.
EDO Fiber Science, which designs and manufactures lightweight advanced fiber-reinforced
composite products, has contracts with Sikorsky for more than 140 carbon-fiber
structures, and is working on designs for additional components that would benefit
from the high-performance characteristics of advanced composite materials. EDO's
Marine and Aircraft Systems and Antenna Products and Technologies business units
are also participating on the Comanche platform.
EDO Antenna Products and Technologies, in partnership with Raytheon Systems
Limited, is providing anti-jam global positioning satellite antennas for the
Comanche platform. These antennas meet the stringent environmental and low-observability
requirements of the platform while providing the inertial navigation system
with highly-accurate GPS guidance.
EDO Corporation provides military products and professional services to the
United States and allied governments, and their prime defense contractors. EDO
focuses on systems and subsystems that are integral to the success of long-term
military platforms, such as the B-1B bomber, the F/A-22, the Joint Strike Fighter,
and the Comanche helicopter. Examples of the company's highly engineered products
include aircraft weapon-release systems, ship and aircraft self-protect systems,
and high-performance composite structures. The company also has a number of
commercial product lines. A disciplined acquisition program is diversifying
the base of major platforms and customers. EDO is at the core of the transformation
to a lighter, faster, and smarter national defense capability.
EDO (www.edocorp.com) was founded in 1925, and is headquartered in New York
City. The company expects 2003 revenues to exceed $460 million, and employs
2,800 people.
Forward-Looking Statements
Certain statements made in this release, including statements about future sales,
are forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements are based on current expectations,
estimates and projections about the company's business based, in part, on assumptions
made by management. These statements are not guarantees of future performance
and involve risks, uncertainties and assumptions that are difficult to predict.
Therefore, actual outcomes and results may differ materially from what is expressed
or forecasted in such forward-looking statements due to numerous factors, including
those described above and the following: changes in demand for the company's
products and services, product mix, the timing of customer orders and deliveries,
the impact of competitive products and services and pricing, and other risks
discussed from time to time in the company's Securities and Exchange Commission
filings and reports. In addition, such statements could be affected by general
industry and market conditions and growth rates, and general domestic and international
economic conditions. Such forward-looking statements speak only as of the date
on which they are made, and the company does not undertake any obligation to
update any forward-looking statement to reflect events or circumstances after
the date of this release.
SOURCE: EDO Corporation
EDO Corporation
William A. Walkowiak, 212-716-2038
ir@edocorp.com
NOC
NORTHROP GRUMMAN CORP NYSE
Northrop Grumman to Host First Long Island Technology Leadership Summit
U.S. Sen. Hillary Rodham Clinton to Deliver Keynote Address
BETHPAGE, N.Y., Sep 5, 2003 /PRNewswire-FirstCall via COMTEX/ -- Northrop Grumman
Corporation's (NYSE: NOC) Integrated Systems sector will host the Long Island
Technology Day at its Airborne Early Warning and Electronic Warfare headquarters
on Sept. 8. The company has invited key leaders of Long Island's technology
community to attend the summit to discuss how best to exploit and leverage the
area's immense technological skills and capabilities to benefit the nation.
Underscoring the importance of Technology Day 2003, New York's Sen. Hillary
Rodham Clinton will deliver the event's keynote speech. The company has also
invited other federal, state and local elected officials toparticipate in the
event. Local leaders from uniformed civilian services, members of the armed
services, and representatives from media organizations are also expected to
attend.
"We are honored to have Sen. Hillary Rodham Clinton as our keynote speaker
for Technology Day," said Philip A. Teel, Integrated Systems' sector vice
president for Airborne Early Warning and Electronic Systems. "She has been
very supportive of New York-based defense and homeland security initiatives
in her role on the Senate Armed Services Committee."
Northrop Grumman developed Technology Day 2003 to promote communication among
companies, universities and associations that define Long Island's extensive
technology infrastructure, and the state and federal elected officials who represent
them. This communication promises to foster strategic partnerships and shared
initiatives that will allow local companies to compete for national business
opportunities that, as individual organizations, they might not effectively
pursue.
Technology Day will include discussions on aerospace and defense; information
technology; emerging technologies; and homeland security, each led by panels
comprising key leaders of Long Island's technology community. The event will
also feature full-scale models of the U.S. Air Force's Global Hawk unmanned
aerial reconnaissance system and Northrop Grumman's X-47A Pegasus experimental
unmanned combat air vehicle; an operational Fire Scout vertical takeoff and
landing unmanned air vehicle; an EA-18G simulator and Hawkeye demonstration
van; a technology tent and several homeland security vehicles.
In recognition of this year's 100th anniversary of the first powered flight,
Technology Day will also feature two full-scale replicas of the Wright Flyer,
three Wright simulators, a display on the history of flight and videos on 100
years of aviation. There will also be tours of Northrop Grumman's new Cyber
Warfare Integration Network laboratory, which is used to develop, simulate and
demonstrate new, integrated warfighting concepts.
"We look forward to collaborative discussions on the future of technology
on Long Island in support of national defense and homeland security," said
Robert W. Klein, Airborne Early Warning and Electronic Warfare Systems' vice
president, Engineering, Logistics and Technology.
Northrop Grumman Integrated Systems, headquartered in El Segundo, Calif., is
a premier aerospace and defense systems integration enterprise. As one of Northrop
Grumman Corporation's seven sectors, it designs, develops, produces and supports
network-enabled integrated systems and subsystems for U.S. government, civil
and international customers. Integrated Systems delivers best-value solutions,
products and services that support military and homeland security missions in
the areas of intelligence, surveillance and reconnaissance; battle management
command and control; and integrated strike warfare.
SOURCE Northrop Grumman Integrated Systems
John A. Vosilla of Northrop Grumman Integrated Systems,
+1-516-575-5119
(NOC)
Copyright (C) 2003 PR Newswire. All rights reserved.