07 Apr 04. Lockheed Martin Corp. (NYSE:LMT – News) on Wednesday cut its offer for Titan Corp. (NYSE:TTN – News) by 9 percent to $1.64bn and threatened to pull out of the deal if the government’s alleged bribery probe was not resolved. Titan must obtain written confirmation that the U.S. Department of Justice will not pursue claims against Titan, Lockheed said. The Securities and Exchange Commission and the Justice Department are investigating whether Titan’s consultants or subsidiaries paid bribes to foreign officials, the two companies have said. The Justice Department declined to comment on any aspect of its criminal investigation.
05 Apr 04. BAE Systems North America announced it has reached a definitive agreement with STI Industries, Inc. (STI), to purchase the assets of STI Government Systems for $27 million in cash. STI Government Systems employs 125 people and is headquartered in Honolulu, Hawaii. STI Government Systems is a leader in developing innovative solutions for U.S. government customers with its expertise in photonics, information technologies and system integration. Currently, STI Government Systems supports the U.S. Navy in defence applications of its technologies and also provides a variety of services to other government agencies in areas such as pollution mapping and search and rescue.
07 Apr 04. General Electric Co.’s engine making unit and Rolls-Royce will compete to supply the engines for the Boeing 7E7. No one should fit Pratt & Whitney for a coffin just yet after Boeing Co. snubbed the jet-engine maker, but the loss means Pratt has no immediate answer to reverse a decade-long slide in the commercial engine market, analysts said on Wednesday. Still, Pratt & Whitney, a unit of United Technologies Corp. (NYSE:UTX – News), will miss out on an engine market segment estimated at $40 billion, if Boeing meets sales goals. Spares and maintenance could add tens of billions of dollars more over the life of the 7E7 program.
05 Apr 04. The BAE SYSTEMS FALCON team has submitted its bid for Increment A of the UK Ministry of Defence’s FALCON Information Infrastructure requirement, a key further stage in creating Network Enabled Capability (NEC) for the British Armed Forces. The team proposes to realise the theatre communications capability requirement by the provision of FALCON installations mounted on Supacat vehicles equipped with a best-of-breed mix of radios, routers, switches, cryptos, masts, antennas and generators. Most of our solution features commercial off-the-shelf (COTS) equipment enhanced to provide essential military features, such as ruggedisation to meet the harsh military environment. The BAE Systems FALCON solution features BAE Systems C4ISR, Thales Defence UK, Thales e-Security, Cisco, General Dynamics-UK, Flagship Training and Dytecna.
30 Mar 04. Boeing announced the sale of Boeing Digital Cinema assets to Access Integrated Technologies, Inc. of Morristown, N.J. Boeing Integrated Defense Systems sold the digital cinema equipment assets and will provide intellectual property licenses for the Boeing technology applicable in the digital cinema market and support transitioning existing theater contracts from Boeing to AccessIT. Boeing employees will not be transitioned to AccessIT as part of the deal. Boeing Digital Cinema technology provides for the capability to transmit first-run films and alternative media, such as sporting events, concerts,
plays and corporate events, directly to movie theatres via satellite or physical media. It provides secure, end-to-end transmission using encryption technology endorsed by the National Institute of Standards and Technology for protection of commercial and government information. The end-to-end multi- layered security system ensures protection from encryption of the content upon receipt to decryption upon projection in designated theatres.
05th Apr 04. The CSC-led Radii consortium, featuring CSC, BT and Thales UK, has today sub