M2 PressWIRE - August 2, 2007 - City of Industry, CA - Defense industry alert provided by U.S. Equity News .
U.S. BioDefense, Inc. (OTC BB:UBDE) on Tuesday July 31, 2007 announced the company will proceed with the spin out of its wholly owned subsidiary Emergency Disaster Systems ( EDS ). The company plans to file Form SB-2 Registration Statement with the Securities and Exchange Commission to distribute shares of common stock of Emergency Disaster Systems. Although a record date for such distribution has not been set, shareholders of UBDE will receive as dividend shares of the new entity.
The U.S. Army on Tuesday July 31, 2007 has awarded General Dynamics (NYSE:GD) Armament and Technical Products a $26 million contract for the production of M2HB machine guns. Deliveries will begin in April. The M2HB fires at a rate of more than 450 rounds per minute and has a maximum effective range of 2,000 yards. Production work will be done at the company's Saco, Maine , facility, which has manufactured the machine gun since 1979.
Lockheed Martin Corp. (NYSE:LMT) said Tuesday July 31, 2007 it has received $5 billion from the U.S. Air Force "for three lots of F-22 Raptor air dominance fighters." The contract comes in addition to $2.3 billion previously awarded by the Air Force to Lockheed Martin for related parts, the company said. A total of 60 F-22 aircraft will be produced at a rate of 20 per year, with delivery scheduled to begin in 2008, Lockheed Martin said.
Raytheon Technical Services Company LLC , a subsidiary of Raytheon Company (NYSE: RTN), on Wednesday August 1, 2007 announced they are joining NASA Aug. 3 in celebrating 10 years of astronaut training at the Johnson Space Center's Neutral Buoyancy Laboratory in Houston . The NBL is an enormous 40-foot-deep tank with full-size space shuttle and space station mockups mounted in 6.2 million gallons of water. Allowing suited astronauts to train in near weightlessness, the pool helps simulate the space experience in preparation for missions.
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