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NEWS IN BRIEF

24 Apr 03. BAE SYSTEMS is launching the SCC500TM Series of infrared (IR) camera cores. The SCC500 TM Series, developed by BAE SYSTEMS, IR Imaging Systems (IRIS) business area, is the first family of IR camera cores based on common electronics and mechanical interfaces for different resolutions, 160 x 120 (SCC500L) and 320 x 240 (SCC500H), simplifying design and integration for system level Original Equipment Manufacturers (OEM).

23 Apr 03. Anteon International Corporation (NYSE: ANT – News) has signed a definitive agreement to acquire Information Spectrum, Inc. (ISI), a provider of critical defense and homeland security solutions, with fiscal year ended November 30, 2002 revenues of $130.5m.

17 Apr 03. Northrop Grumman Corporation has successfully completed the stand up of the defense-related operations acquired in December 2002 from TRW Inc. Two
new operating sectors were created from that acquisition – Mission Systems and
Space Technology. Both sectors’ policies and operating procedures now comply with those of Northrop Grumman. These include a wide range of policies and procedures, including financial reporting, program oversight and risk management, human resources practices and access to the company’s electronic network, among others. The Mission Systems and Space Technology sectors will continue to work closely with Northrop Grumman’s five other operating sectors and corporate staff to identify and leverage company-wide capabilities. The new sectors are led by Don Winter, corporate vice president and president of Mission Systems, and Wes Bush, corporate vice president and president of Space Technology.

17 Apr 03. The U.S. Air Force has selected Lockheed Martin to refurbish its Biological Aerosol Warning System (BAWS) sensors. BAWS, developed by Lockheed Martin for the U.S. military in 1996 as part of an advanced technology demonstration, monitors the perimeter of key military areas to provide an early warning against biological aerosol attacks.

31 Mar 03. Motorola, Inc. (NYSE: MOT – News) announced the development of the semiconductor industry’s first 32-bit microcontrollers (MCUs) specified to operate at temperature ranges of -55 to +125 degrees Celsius. The latest versions of the 32-bit MPC500 family of PowerPC(r) microcontrollers meet a growing need for high-performance MCUs designed to tolerate the harsh environmental conditions of avionics and aerospace applications.

17 Apr 03. GLOBAL SECURITY INTERNATIONAL GSI 2003, scheduled to be held at the Novotel Hotel London from 15 – 17 July 2003, will have to be postponed until 2004 as a result of the Iraqi War, plus a potential for increased terrorism, coupled with the SARS crisis, it has become evident that international business travel will be severely curtailed in the coming months.

17 Apr 03. Honeywell International Inc. (NYSE:HON – News) first-quarter net income fell 32%, hurt by higher pension costs, lower volume in its higher- margin businesses, the effects of a new accounting rule for asset retirement and weaker profit and sales at its aerospace division. The company reported net income of $254m, or 30 cents a share, compared with $376m, or 46 cents a share, a year earlier. The results for the latest period included $20 million, or two cents a share, for an adjustment in expenses related to the accounting change for asset retirement. Excluding this adjustment, Honeywell said earnings came to 32 cents a share, at the low end of its late-January forecast for earnings of 32 to 36 cents a share. Analysts were looking for 33 cents a share, excluding items, according to Thomson First Call (News – Websites).

22 Apr 03. The Canadian division of the United Technologies Corp. (NYSE:UTX – News) unit Pratt & Whitney is set to win a €4.2bn ($4.6bn) order for engines on the Airbus A400M military transport plane, a German newspaper said on Tuesday. Quoting sources close to negotiations, business daily Handelsblatt said in an advertisement for its W

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