• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Excelitas Qioptiq banner

BATTLESPACE Updates

   +44 (0)77689 54766
   

  • Home
  • Features
  • News Updates
  • Defence Engage
  • Company Directory
  • About
  • Subscribe
  • Contact
  • Media Pack 2023

NEWS IN BRIEF

April 30, 2004 by

30 Apr 04. General Dynamics Corp’s (NYSE:GD – News) takeover offer for Britain’s only tank maker, Alvis Plc (London:ALV.L – News), has so far received acceptances for about 14.6 percent of the company, the U.S. defence contractor said on Friday. General Dynamics said its offer of 280 pence per share in cash, valuing Alvis at £309m ($544.3m), had been extended to May 13. Alvis directors have recommended the bid to shareholders and have already accepted the offer. The British government said this week it would examine the proposed takeover in the interests of national security. Alvis is 29 percent-owned by BAE Systems Plc (London:BA.L – News), Britain’s biggest defence group. BAE said last month it was “reviewing its options” after media reports said it had ruled out launching a counterbid for Alvis, which is expected to play a lead role in FRES. General Dynamics, maker of the Abrams main battlefield tank, has said it would settle for 51 percent control of Alvis.

29 Apr 04. Sources close to BATTLESPACE suggest that the MoD decision on the Watchkeeper UAV programme has slipped to early 2005 due to management changes. The MoD IPT Team is now looking at a spiral procurement process over a number of years with technology upgrades taking place as part of this procurement style. It looks as if the first procurements will be made off-the-shelf to keep the ISD of 2006.

29 Apr 04. EDO Corporation (NYSE: EDO – News) recorded revenue of $110.9m in the first quarter of 2004, up $16.5m or 17 percent from the $94.4m recorded in the first quarter of 2003. Net earnings for the quarter were $3.9m, up 29 percent from the $3.0m recorded in the prior year’s quarter. On a diluted per-share basis, earnings were $0.22, up 29 percent from the $0.17 recorded in the first quarter of 2003. EDO’s 17 percent revenue growth for the quarter was aided by strong sales in defense electronics and aircraft armament systems. These were partially offset by delays in certain contract awards in both the U.S. and the U.K. Excluding the impact of acquisitions owned for less than one year, revenues were about the same as the first quarter of last year.

28 Apr 04. Moog, which makes precision-control equipment for military aircraft, said fiscal second-quarter net earnings rose 37 percent on demand for its equipment for the new high-tech Joint Strike Fighter and gains from an acquisition. The East Aurora, New York-based company posted net earnings of $14.1m, or 53 cents a share. The company also raised its full-year forecast for earnings from continuing operations to a range of $1.30 to $1.40 a share, on sales of $20bn.

29 Apr 04. Goodrich Corp. (NYSE:GR – News) on Thursday reported higher first-quarter earnings. The Charlotte, North Carolina-based maker of landing gear and lighting systems for planes reported net income of $45.9m, or 38 cents per share, compared with $29.4mi, or 25 cents per share, in the same quarter a year ago.

28 Apr 04. Norway is looking at the Anglo-Swedish Gripen combat jet to replace its U.S.-built F-16s because of disappointment over a lack of sub-contracts in developing a new U.S. fighter, a senior parliamentarian said on Wednesday. Faced with a choice between continued loyalty to the United States as a NATO ally or switching to European partners, Norway has taken a stake in development of the Lockheed Martin Corp (NYSE:LMT – News) F-35 Joint Strike Fighter (JSF) but is also looking at the Eurofighter jet.

29 Apr 04. The Organisers of the IMDEX Asia Series are pleased to announce the launch of a new event called Global Security Asia 2005. GSA 2005 will be a technology- and solutions-driven event incorporating a 3-day Conference and Exhibition and will be the first combined event to focus exclusively on all facets of Homeland Security and Asymmetric Defence in the Asia Pacific Region.
GSA 2005 will be held from 29 to 31 March 2005 at the Singapore Expo, one of the region’s largest exhibition centres and will enjoy the full

Primary Sidebar

Advertisers

  • qioptiq.com
  • Exensor
  • TCI
  • Visit the Oxley website
  • Visit the Viasat website
  • Blighter
  • SPECTRA
  • Britbots logo
  • Faun Trackway
  • Systematic
  • CISION logo
  • ProTEK logo
  • businesswire logo
  • ProTEK logo
  • ssafa logo
  • Atkins
  • IEE
  • EXFOR logo
  • KME logo
  • DSEi
  • sibylline logo
  • Team Thunder logo
  • Commando Spirit - Blended Scoth Whisy
  • Comtech logo
Hilux Military Raceday Novemeber 2023 Chepstow

Contact Us

BATTLESPACE Publications
Old Charlock
Abthorpe Road
Silverstone
Towcester NN12 8TW

+44 (0)77689 54766

BATTLESPACE Technologies

An international defence electronics news service providing our readers with up to date developments in the defence electronics industry.

Recent News

  • EXHIBITIONS AND CONFERENCES

    February 3, 2023
    Read more
  • VETERANS UPDATE

    February 3, 2023
    Read more
  • MANAGEMENT ON THE MOVE

    February 3, 2023
    Read more

Copyright BATTLESPACE Publications © 2002–2023.

This website uses cookies to improve your experience. If you continue to use the website, we'll assume you're ok with this.   Read More  Accept
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT