Tuesday, May 21, 2013 Last update: 10:43 AM
Company Tech News as it Breaks

Defense Industry News

Wednesday, May 15, 2013

  • Posted at 5:30 AM
    Phillips Service Industries, Inc. (PSI), a privately-held global manufacturing and services holding company, announced today that its Founder and Chairman of the Board, William T. (Bill) Phillips, passed away after a hard-fought battle with Amyotrophic lateral sclerosis (ALS), which is also commonly referred to as Lou Gehrig's disease. He was 79-years-old, and a long-time resident of Northville, MI. (Photo: http://photos.prnewswire.com/prnh/20130515/PH14102 ) In 1967, Bill launched PSI Hydraulics, a small two-man operation based in Detroit, which initially focused on servo valve ... read more
  • Posted at 5:30 AM
    STONY BROOK, NY -- (Marketwired) -- 05/15/13 -- Applied DNA Sciences, Inc. (OTCBB: APDN) (Twitter: @APDN), a provider of DNA-based anti-counterfeiting technology and product authentication solutions, announced today, that it has entered into and closed on an Asset Purchase Agreement (the "Asset Purchase Agreement") with RedWeb Technologies Limited ("RedWeb"), a corporation incorporated and registered under the laws of England & Wales, to purchase certain assets of RedWeb ("Purchased Assets") relating to its forensic tagging security system for a purchase ... read more
  • Posted at 5:30 AM
    The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Nuclear Operations Group, Inc. (B&W NOG), has received a contract from the U.S. Naval Reactors Program worth approximately $366 million. The award is for ... read more
  • Posted at 5:30 AM
    Opening Sources, a one-day web searching skills workshop for law enforcement officers, private investigators, and professionals working in finance, insurance, security, and education, will be held on May 23, at the Courtyard Marriott, 595 Hotel Circle South, San Diego, CA, from 9:00 a.m.-5:00 p.m. The course will be presented by Cynthia Hetherington, MLS, MSM, CFE, President of the Hetherington Group (www.hetheringtongroup.com), a consulting, publishing, and training firm focused on intelligence, security, and investigations, and will provide attendees with various methods for ... read more
  • Posted at 5:30 AM
    Energy efficiency is an untapped resource and should be considered a vital "fifth fuel" in efforts to reduce consumption for U.S. operational forces. That's what Jeffrey M. Voth of the engineering and management consulting firm, Herren Associates, argues in the Kennedy School Review, Harvard University's public policy journal. "In Defense of Energy: Unlocking an Untapped Resource", Voth makes the case that military and civilian leadership need to rethink the energy policy framework required for the U.S. military, the single-largest energy ... read more
  • The SI Acquires Applied Communication Sciences --- CHANTILLY, Va., May 15, 2013
    Posted at 5:30 AM
    The SI Organization, Inc. (the SI) today announced it has acquired Applied Communication Sciences (ACS), a leading provider of applied research, technical consulting and technology solutions to U.S. defense and intelligence agencies, U.S. civil government organizations, and commercial customers. Formerly the research and engineering arm of Telcordia Technologies and with its origins tracing back to Bell Laboratories, ACS was established in January 2012 to mitigate any U.S. government concerns arising from the concurrent acquisition of Telcordia by Swedish-based Ericsson. ACS's key ... read more
  • Posted at 5:01 AM
    SAN JOSE, CA -- (Marketwired) -- 05/15/13 -- RAE Systems, the leader in toxic gas detection systems, today announced that as part of its ongoing commitment to help advance industrial safety and compliance, the company will demonstrate its wireless area and personal gas and radiation detection monitor data in a ProRAE Guardian browser-based "connected threat detection" environment at the American Industrial Hygiene Conference & Exposition (AIHce) to be held in Montreal, Canada, May 18-23, 2013. At AIHce, RAE Systems will ... read more
  • Posted at 5:00 AM
    M/A-COM Technology Solutions Inc. (MACOM), a leading supplier of high performance analog semiconductor solutions, introduced today its series of GaN in Plastic packaged power transistors for high-performance civilian and military radar and communications systems. Scaling to peak pulse power levels ... read more
  • Posted at 5:00 AM
    ATK (NYSE: ATK) will webcast the remarks of its Executive Vice President and Chief Financial Officer, Mr. Neal Cohen, when he appears at the KeyBanc Industrial, Automotive and Transportation Conference on Wednesday, May 29, 2013 in Boston, Mass. Mr. Cohen is scheduled to provide formal comments to the conference attendees beginning at 10:00 a.m. (EDT). Mr. Cohen will discuss the Company, which may include discussion of its outlook and financial guidance for future periods. Access to the audio-only webcast will be ... read more
  • Aircraft and Spacecraft in USA: ISIC 353 --- NEW YORK, May 15, 2013
    Posted at 5:00 AM
    Reportlinker.com announces that a new market research report is available in its catalogue: Aircraft and Spacecraft in USA: ISIC 353 http://www.reportlinker.com/p01047353/Aircraft-and-Spacecraft-in-USA-ISIC-353.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Aerospace_and_Defense Euromonitor International's Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Aircraft and Spacecraft market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and ... read more
  • Posted at 5:00 AM
    TransDigm Group Incorporated (NYSE: TDG) announced today that it has entered into a definitive agreement to acquire Arkwin Industries, Inc. (Arkwin or the Company), for approximately $286 million in cash. The acquisition, subject to regulatory approvals and other customary closing conditions, is expected to close in the third quarter of fiscal 2013. Arkwin, located on Long Island, New York, manufactures proprietary, highly engineered aerospace hydraulic and fuel system components for commercial and military aircraft, helicopters and other specialty applications. ... read more
  • Posted at 5:00 AM
    API Technologies Corp. (NASDAQ:ATNY) (“API”, “API Technologies”, or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, today announced that it has competitively won a $6.2 million order from a leading prime contractor to provide critical electronic assemblies for ... read more
  • Posted at 4:45 AM
    Ball Corporation (NYSE: BLL), one of the world's leading suppliers of metal packaging to the beverage, food and household products industries, will speak to the investment community on Wednesday, May 22 at the Goldman Sachs Basic Materials Conference in New York, N.Y. Scott C. Morrison, senior vice president and chief financial officer, is scheduled to speak at 11:10 a.m. Eastern time. To listen to the presentation via live webcast, visit the following link: http://cc.talkpoint.com/gold006/052113a_gm/?entity=15_12LRFEN A replay of the presentation will be ... read more
  • Posted at 4:30 AM
    Spirit AeroSystems, Inc. [NYSE:SPR], one of the world's largest non-OEM designers and manufacturers of aerostructures for commercial aircraft, recognized seven companies as 2012 Platinum Suppliers for their dedication to cost-reduction initiatives, quality and delivery performance and ultimately setting a performance excellence standard for customer satisfaction. Spirit's mission to provide customers with high-quality, cost-competitive products and services could not be accomplished without the support of a competent, innovative and reliable supply base. (Logo: http://photos.prnewswire.com/prnh/20130515/CG13652LOGO) The seven companies were selected based on their ... read more
  • Posted at 4:00 AM
    The board of directors of Northrop Grumman Corporation (NYSE: NOC) declared a quarterly dividend of $0.61 per share on Northrop Grumman common stock, an 11 percent increase from the prior quarterly dividend of $0.55 per share. This is the tenth consecutive annual increase in Northrop Grumman's quarterly common stock dividend. The dividend is payable June 12, 2013, to shareholders of record as of the close of business May 28, 2013. (Logo: http://photos.prnewswire.com/prnh/20121024/LA98563LOGO) "Today's double-digit dividend increase demonstrates our continued ... read more

Tuesday, May 14, 2013

  • Northrop Grumman, U.S. Navy Catapult X-47B From Carrier Into History Books --- NAVAL AIR STATION PATUXENT RIVER, Md., May 14, 2013
    Posted at 2:45 PM
    Northrop Grumman Corporation (NYSE: NOC) and the U.S. Navy today launched a new chapter in the history of unmanned systems - carrier-capable unmanned aircraft - by successfully catapulting the X-47B Unmanned Combat Air System (UCAS) demonstrator from the deck of the USS George H.W. Bush (CVN-77). (Logo: http://photos.prnewswire.com/prnh/20121024/LA98563LOGO) The launch occurred at 11:18 a.m. Eastern time while the carrier was under way off the coast of Virginia. The tailless, strike-fighter-sized aircraft flew autonomously back to Naval Air Station Patuxent River ... read more
  • Posted at 2:00 PM
    A webcast of United Technologies Corp. (NYSE: UTX) Chairman & CEO Louis Chenevert speaking at the Electrical Products Group (EPG) Conference is scheduled for 11:30 a.m. ET on Tuesday, May 21. The presentation will be broadcast live on the Internet at www.utc.com, and a recording will be archived later on the website. United Technologies, based in Hartford, Conn., is a diversified company that provides high technology products and services to the building and aerospace industries. For more ... read more
  • Posted at 1:05 PM
    Newport Corporation (NASDAQ: NEWP) today announced that its senior management is scheduled to present at the B. Riley & Co. Investor Conference at 1:00 pm Pacific Time (4:00 pm Eastern Time) on Wednesday, May 22(nd) at the Loews in Santa Monica, California. The 25-minute presentation by President and Chief Executive Officer Robert J. Phillippy can be heard through a live audio webcast available on the Newport investor relations website at www.newport.com/investors or on the B. Riley Conference website at www.brileyconference.com/2013/register/profile.php?ticker=NEWP. ... read more
  • Posted at 1:00 PM
    WASHINGTON, DC -- (Marketwired) -- 05/14/13 -- LexisNexis® Risk Solutions today announced that the company has been awarded a contract to provide customer online identity verification and authentication services to the Florida Department of Children and Families (DCF). The DCF is leveraging LexisNexis identity management solutions to verify and authenticate customers accessing public assistance benefits through its Automated Community Connection to Economic Self Sufficiency (ACCESS) Florida program. The LexisNexis technology integrated into ACCESS Florida helps confirm that customers are ... read more
  • Posted at 12:58 PM
    The American Helicopter Services & Aerial Firefighting Association (AHSAFA) disputes the claims by several member of Congress that multiple, next generation large air tankers could be deployed in wildland firefighting as early as this year, if recently announced contract awards by the US Forest Service (USFS) go unprotested. Neptune Aviation Services of Missoula, Montana, which failed to secure one of the multi-year contracts, has stated that it intends to lodge a protest with the Government Accountability Office, following the ... read more