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NEWS IN BRIEF

7 Jan 03. EADS and Rockwell Collins have signed an MoU for avionics solutions sourcing. This agreement is part of the global sourcing strategy that has been launched across EADS. This MoU paves the way for enhanced perfformances in the relationship between Rockwell Collins as a supplier and EADS as a customer, to better meet end-market requirements. The resulting improvements are cornerstones for the implementation of a “Competitive Partnership” between EADS and Rockwell Collins in the avionics solution sourcing area.

16 Jan 03. BAE SYSTEMS Controls and HISPANO-SUIZA, a Snecma company, have formed FADEC International, a limited-liability company that will focus the two companies’ capabilities to design, produce, and support full-authority digital engine controls (FADECs) for large commercial aircraft engines.

7 Jan 03. ILOG(r) announced that EADS CASA, has selected ILOG ViewsTM Component Suite for deployment in maritime surveillance activities, including monitoring deepwater missions for the U.S. Coast Guard in US waters, and maritime surveillance programs for Mexico, Brazil, United Arab Emirates and Spain. ILOG Views provides the visual display for EADS’s Fully Integrated Tactical System (FITS), a state-of-the-art marine patrol system that will soon be adopted by operators around the world.

10 Jan 03. Boeing Co. said Friday it agreed to acquire Conquest Inc., a provider of systems engineering and software technology solutions to the intelligence community. The transaction is expected to close in the first quarter of 2003. Terms were not disclosed.

17 Jan 03. Jordan was seeking a European anti-missile system after delays in the deployment of Russian surface-to-air defences to secure its airspace in the event of a war against Iraq, a government official said on Friday. The Russians have delayed installing the long-range surface-to-air missile system to at least the end of the year instead of mid-February.

16 Jan 03. Lockheed Martin and Blohm + Voss forged an agreement to work together in providing the U.S. Navy with a Littoral Combat Ship (LCS) solution capable of meeting the stated requirements of speed, range, payload, cost, capability, survivability and supportability. The agreement, in the form of a memorandum of understanding, calls for a continuance of the relationship established between both companies for the Navy’s ongoing Ship Concept Studies. The scope of work to be performed consists of integrated modular designs for both onboard and off board systems as well as development of an advanced propulsion system for a Focused Mission Ship (FMS). The FMS is a proposed ship design intended for the Navy as a tool to evaluate a range of technology options, particularly in the areas of design and modularity, for an eventual LCS.

14 Jan 03. Rockwell Collins, Inc. (NYSE:COL – News) reported net income of $49m or 27 cents per share for the first quarter ended December 31, 2002, (2002: $48m , or 26 cents per share. Sales for the first quarter of fiscal year 2003 were $561m, (2002:of $563m).

16 Jan 03. Mercury Computer Systems Inc. (NasdaqNM:MRCY – News) reported a sharp rise in quarterly profit. In the second quarter of the company’s fiscal year, ended Dec. 31, Mercury earned $6.5m, or 29 cents a share, (2002: $3.8, or 16 cents a share). Revenue jumped to $47.7m, (2002: $37.4m).

16 Jan 03. United Technologies Corp.’s fourth-quarter profit soared 54%, thanks in part to new accounting rules that eliminate the amortization of goodwill and strong revenue growth across its businesses. The diversified manufacturer, whose businesses include elevator maker Otis, aircraft-engine maker Pratt & Whitney, Carrier air-conditioning and Sikorsky helicopters, Thursday reported net income of $533m, or $1.06 a share, (2002: $345m, or 69 cents).

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