26 Aug 09. Worldwide semiconductor revenue is on track to total $212bn in 2009, a 17.1 per cent decline from 2008 revenue of $255bn, according to the latest outlook by Gartner, Inc. This forecast is better than the second quarter projections when Gartner projected semiconductor revenue would decline 22.4 per cent this year. (Source: Technology4Media.com)
24 Aug 09. Despite the global economic downturn, Russian Helicopters, JSC, has managed to increase production and displays stable financial growth. Enterprises within the framework of the holding put out 169 helicopters in 2008. This number is expected to rise to 220 by the end of 2009. In the first half of 2009 the enterprises of Russian Helicopters delivered 64 helicopters (versus 32 in the same period of 2008). Revenues from sales reached 18.4bn roubles, beating last year’s results by 58%. Net profits totalled 1.71bn roubles. The credit crunch has obviously had its effect on the Russian helicopter industry, nevertheless, Russian-made helicopters took a 4.2% share of the global market in 2008 and a milestone of 5% is envisioned for 2009. The main development target of Russian Helicopters is to take 15% of the global helicopter market by 2015. It will be a struggle without sufficient government support, and Russian Helicopters is negotiating the matter with Russian authorities. “We feel that our industry deserves more attention in terms of real state support, although we do know that in today’s circumstances this can be quite limited,” Andrei Shibitov, CEO, Russian Helicopters, says.To progress efficiently, Russian Helicopters is considering loans in form of competitive credit offers from foreign financial houses. A number of international investment institutions – banks and investment companies – have already received and replied with interest to relevant requests from Russian Helicopters. Russian Helicopters, JSC is an affiliated company of UIC Oboronprom. It is the managing body of the following helicopter industry enterprises: Mil Moscow Helicopter Plant, Kamov, Ulan-Ude Aviation Plant, Kazan Helicopters, Rostvertol, Progress Arsenyev Aviation Company, Kumertau Aviation Production Enterprise, Vpered Moscow Machine-Building Plant, Stupino Machine Production Plant, Reductor-PM and Helicopter Service Company (VSK)
27 Aug 09. General Electric is looking to sell its security business, which makes alarms, surveillance systems and other safety products, and hopes to attract bids in the range of $2bn for the unit, according to people close to the matter. The US conglomerate has received preliminary indications of interest from rival manufacturers looking at the unit, and is now working towards securing another round of more definitive bids, these people said. (Source: FT.com)
24 Aug 09. Camber Corporation, provider of cyber security, subject matter experts, engineering solutions, acquisition management, full-service education, and training to defense audiences worldwide, has acquired the Columbia, MD-based intelligence analysis and solutions firm i2S, Inc. i2S will become part of Camber’s National Security Group. With demand soaring for cyber security expertise, Camber is proud to have the opportunity to be involved in i2S exciting intelligence community (IC) work. i2S core competencies include intelligence analysis, knowledge management, systems engineering, advanced software development, and enterprise architecture expertise. Camber is well established in the IC as a provider of intelligence analysis and cyber security. They provide meaningful and essential support, which includes security testing of classified networks, policy development, and program management support. Camber has developed security tools that are recognized throughout the IC. In conjunction with the IC, DoD, and numerous federal agencies, Camber contributes to the security and integrity of the nationâ€™s most critical computer assets.
26 Aug 09. Serco, the support services