Replies to post #79415 on Penny Stock Wallbusters (PSW)

[Wiseman68]

now that would bring the mile high club to a whole new level

[million]

So all the Billionaires are signing up to buy one of these....u got your name on the waiting list?

[million]

U.S. Navy Awards Lockheed Martin $45.8 Million to Prepare Unmanned K-MAX Helicopter for Deployment

2010-12-10 11:07 ET - News Release


WASHINGTON, Dec. 10, 2010 /PRNewswire/ -- The U.S. Naval Air Systems Command awarded Lockheed Martin (NYSE: LMT) and Kaman Aerospace (Nasdaq: KAMN) a $45.8 million contract for K-MAX® unmanned aircraft systems for a U.S. Marine Corps evaluation of unmanned cargo resupply in an operational forward deployed environment.

"The K-MAX UAS was specifically designed for the battlefield cargo resupply mission," said Dan Spoor, Lockheed Martin Aviation Systems vice president. "K-MAX's capabilities directly answer the Marine Corps' requirement to augment ground and air logistics operations, supplement rotary-wing assets and keep warfighters supplied and out of harm's way."

The contract includes the delivery of two K-MAX air vehicles and three remote control ground stations to the U.S. Marine Corps for a Quick Reaction Assessment, scheduled for summer 2011.

The unmanned K-MAX has demonstrated its ability to carry and deliver 6,000 pounds of cargo at sea level and more than 4,000 pounds at 10,000 feet altitude. The aircraft can also deliver more cargo to more locations in one flight than any other unmanned rotary wing aircraft. Its intermeshing rotors eliminate the need for a tail rotor and allow for significantly improved lift performance and lower maintenance costs.

"K-MAX is the optimal choice for an affordable unmanned cargo delivery capability," said Terry Fogarty, Kaman Aerospace Unmanned Aircraft Systems general manager. "With reduced operational and logistics costs, increased fuel savings and less manpower required compared to a ground vehicle convoy or manned helicopter, the K-MAX is the lowest-risk solution for the mission."