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NEWS IN BRIEF

29 Jan 03. BAE SYSTEMS announced on Wednesday a contract with the Kingdom of Bahrain for final phases of the establishment of a flying training school including Hawk aircraft. Following the announcement made in July 2002 during Farnborough by His Majesty the King, Shaikh Hamad bin Isa Al Khalifa, The Bahrain Defence Force (BDF) announced that it has contracted with BAE for the supply of Hawk Advanced Jet Training aircraft, together with the necessary synthetics and simulators to provide a complete indigenous flying school in the Kingdom of Bahrain. The contract is constituted under a Government-to-Government memorandum MoU.

15 Jan 03. DRS Technologies, Inc. (NYSE: DRS) has acquired the assets and certain liabilities of the Electromagnetics Development Center of Kaman Aerospace, a subsidiary of Kaman Corporation (NASDAQ: KAMNA), located in Hudson, Massachusetts. Financial terms were not disclosed. Kaman’s Electromagnetics Development Center is a leader in the development of high-performance, lightweight electric motors, generators and drive electronics for defense, industrial and transportation applications. Renamed DRS Electric Power Technologies, it has produced advancements in electrical machine design for over twenty years, pioneering the application of permanent magnet motors and solid-state power electronics in large machines. The business is concentrated in four major areas: Navy Electric Drive Equipment, Electric Machine Technology, Army Vehicle Propulsion, and Industrial Oil and Gas Drilling Systems. The business employs over 60 people.

28 Jan 03. Oslo said on Tuesday that it had signed an industrial partnership with Eurofighter — a deal hailed by the pan-European aerospace consortium as a signal that Norway was still considering it to replace its F-16s. The Defence Ministry said in a statement that the deal committed Norway to contribute up to €10m($10.8m) over five years until 2007 provided that Norwegian industrial companies contributed the same amount.

Jan 03. Radstone Technology announced the world’s first 8-port Gigabit Ethernet switch designed specifically for embedded systems in air and conduction-cooled environments. GBX8 is a rugged Gigabit Ethernet switch, expected to support the most demanding requirements for network switching in tactical environments. This 8-port Gigabit switch is available in both air and conduction-cooled formats, and is qualified for operation between -40C and +85C. It features a non-blocking switching architecture, with a 16Gbps core offering full wire speed performance on all eight ports simultaneously. GBX8 has been engineered to provide high reliability core switching for deployment in mission critical systems, where optimum performance must be ensured even in the most extreme environmental conditions.

29 Jan 03. Lockheed Martin Alenia Tactical Transport Systems (LMATTS)is on the verge of agreeing with the U.S. Coast Guard and the U.S. Army National Guard for the sale of at least 79 C-27J Spartan military airlifter planes built jointly with Lockheed Martin. The company hopes to sell between 44 and 60 planes to the National Guard after 2004. Another agreement for 35 planes for the U.S. Coast Guard could be in place as soon as 2003. The company was also bidding to sell 15 such planes to Canada in 2007, the official said. In addition signed a contract with the government of Greece for the acquisition of 12 C-27J Spartan medium transport aircraft plus an option for three additional aircraft. The contract to LMATTS joint venture has a value of $272.72m, excluding the three aircraft option.

29 Jan 03. Moog Inc. (NYSE: MOG.A – News and MOG.B – News) announced today a first quarter profit of $9.8m, up 19% from $8.2m one year earlier. Since there are more average shares outstanding this year than the same quarter a year ago, earnings per share of $.64 were up only 10% compared with $.58 a year ago. Sales for the quarter of $180m were up $6m from last year’s level. Aircraf

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