Aerion Corporation Announces Election of James Stewart to Its Board of Directors and the Appointment of John Holding as Special Advisor
July 29, 2008
-Design effort enters new phase-
Reno, NV, July 29, 2008 – Aerion Corporation announced today it has elected James Stewart to the Company’s Board of Directors. Mr. Stewart has served as a senior financial advisor to Aerion Corporation since 2006. His appointment, unanimously approved by Aerion’s Board of Directors, was effective July 15, 2008. In addition, the company named John Holding as Special Advisor to Aerion Corporation. In this role, Mr. Holding will lead the next stage of development for the Aerion supersonic jet, working closely with Aerion COO Mike Henderson, Dr. Richard Tracy, Aerion’s Chief Technology Officer, and the growing Aerion engineering organization.
Robert M. Bass, Chairman of Aerion Corporation said, “We couldn’t be more pleased that James is joining our Board of Directors, and that John is joining our ranks as a Special Advisor. James has played a central role in advancing the program over the past two years, and we look forward to continuing to benefit from his wisdom as an active Board member. We are excited about all the positive developments at Aerion and having the benefit of John’s talent and expertise will contribute greatly to that momentum. No one in civil aviation today has led more successful jet aircraft introductions.”
Brian E. Barents, Vice Chairman of the company, said, “Aerion is ready to take the next step, moving from the largely completed task of defining the aerodynamics of the entire Aerion jet to the advanced design stage. In this phase, systems design will commence, weights and performance will be validated and program participants identified. This is obviously a crucial new stage and having John’s experienced hand will be enormously
valuable to us.” Barents added that the company expects to have further announcements regarding various partnerships and the evolving Aerion organization by the end of the year.
Prior to coming to Aerion, Stewart served in a number of senior financial positions at Bombardier units or divisions, including CFO of Bombardier Aerospace. Stewart will be assuming a senior financial position with respected MRO firm SR Technics, and will continue to be an active and invaluable resource in guiding the Aerion program through his board involvement.
John Holding was previously Bombardier Aerospace’s Executive Vice President, Integrated Product Definition and Planning Engineering. Over a 16-year period, Holding led the introduction of at least one new aircraft product every year—an unprecedented performance in the aerospace industry. Holding was instrumental in creating innovative supplier partnerships and processes for the development and engineering of new aircraft. His industry influence has extended well beyond Bombardier. Among his many efforts to advance the field of aerospace engineering, Holding was a founding member of the Consortium for Research and Innovation in Aerospace in Quebec (CRIAQ), and is its chairman.
**
Aerion Corporation of Reno, Nevada is an advanced engineering group formed in 2002 to reintroduce commercial supersonic flight. Aerion continues research begun more than 15 years ago, with the current focus on the design of a practical and efficient supersonic business jet employing patented natural laminar flow technology.
Aerion’s board includes: Robert M. Bass, Chairman of Aerion and President of investment group Keystone, Inc.; Brian E. Barents, Vice Chairman of Aerion and former
president and CEO of Galaxy Aerospace and Learjet; Dr. Richard R. Tracy, who has pioneered the supersonic natural laminar wing concept and serves as Aerion’s Chief Technology Officer; Michael L. Henderson, COO of Aerion and Boeing’s former program manager for high-speed civil transport; and Robert Morse, a Partner at Oak Hill Capital Management.
London Air Services Orders Five Learjet 85 Aircraft
July 29, 2008
• First Canadian operator to order Learjet 85 aircraft
Montreal, July 29, 2008 – Bombardier today announced that London Air Services (LAS) has
placed firm orders for five Learjet 85 aircraft, valued at approximately $86 million U.S., based on
the 2008 list price of typically equipped aircraft. LAS is the first Canadian operator to place a
firm order for the all-composite jet.
“The new Learjet 85 business jet captures the essence that has made Learjet aircraft the most
renowned business jet worldwide and combines this with the high-technology features and
spacious cabin that operators need in this competitive environment,” stated Wynne Powell,
President and Chief Operating Officer, London Air Services. “The midsize jet will be a valuable
addition to our current aircraft fleet and will ensure we offer our customers the most innovative
products available.”
Latest in a string of firsts for Canada-based London Air Services
In July 2008, LAS became the first Canadian operator to take delivery of a Challenger 605 jet. In
September 2007, LAS became the launch customer for Bombardier’s new Global Vision Flight
Deck and in late 2004, it was the first canadian operator to take delivery of a Learjet 45 XR
aircraft.
The leading charter service provider based in Vancouver, currently has a fleet of nine
Bombardier business aircraft, including six Learjet 45 XR aircraft, a Challenger 605 jet and a
Challenger 604 jet.
“Our longstanding relationship with London Air Services is built on the confidence they have in
our products and services,” said Bob Horner, senior vice-president, sales, Bombardier Business
Aircraft. “We are encouraged by their interest in our newest Learjet model, and are proud to be
part of the impressive growth of their business.”
The new Learjet 85 business jet is redefining the midsize business jet class
Launched on October 30, 2007, the new Learjet 85 aircraft will be the first Learjet aircraft to
feature an all-composite structure and will be the first all-composite structure business jet
designed for type certification under U.S. Federal Aviation Administration FAR
Part 25.
An extraordinary advancement in next generation flight, the Learjet 85 aircraft’s all-composite
structure will allow Learjet designers to maximize cabin comfort while minimizing drag and
improving performance. Designed to provide a larger, more comfortable cabin than any existing
midsize aircraft, this jet will offer to up to eight passengers a stand-up cabin built to ensure
superior productivity and comfort.
Building on legendary Learjet performance
True to its legendary heritage, the Learjet 85 aircraft is set to deliver the extraordinary
performance, superior technology and exceptional value Learjet aircraft owners expect.
Powered by Pratt & Whitney Canada PW307B engines, the aircraft engines each boast
6,100 pounds of take-off thrust, while the low-emission combuster offers reduced environmental
impact and improved fuel efficiency. The clean-sheet Learjet 85 aircraft targets a high-speed
cruise of Mach 0.82 and a transcontinental range of up to 3,000 nautical miles (5,556 km)*.
The new Learjet 85 aircraft flight deck combines advanced technology with superior design
elements for a cockpit environment unlike any other midsize jet. The latest in technological
advancements from Rockwell Collins – the new Pro Line Fusion avionics suite – is once again
paired with superior design aesthetics from world-renowned design consultancy firm Design Q,
to create the ultimate Learjet flight control environment.
Learjet is the first name in corporate aviation. Since acquiring Learjet Inc. in 1990, Bombardier
Aerospace has carried forward the brand’s proud legacy by launching eight high-performance
and fuel-efficient aircraft.
About Bombardier
A world-leading manufacturer of innovative transportation solutions, from commercial aircraft
and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a
global corporation headquartered in Canada. Its revenues for the fiscal year ended
Jan. 31, 2008, were $17.5 billion US, and its shares are traded on the Toronto Stock Exchange
(BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and
North America indexes. News and information are available at www.bombardier.com.
High Altitude LEGO(R) Extravaganza (H.A.L.E.) Commemorates 10 Year Anniversary of LEGO MINDSTORMS(R) by Launching Robotic Experiments to Near Space
July 29, 2008
– Science experiment leverages best-selling LEGO product to study outer
atmosphere, proving play and learning go hand-in-hand –
RENO, Nev., July 29 /PRNewswire/ — College professors, middle school
students and robotics hobbyists unite today to launch seven robots into the
Earth’s stratosphere to collect data, explore conditional effects and to
set a world record as part of the High Altitude LEGO(R) Extravaganza.
Joining The LEGO Group to support the science experiment are Nevada Space
Grant, the University of Nevada-Reno, Energizer and National Instruments in
commemoration of the 10th anniversary of the LEGO MINDSTORMS(R) robotics
platform.
The MINDSTORMS robots will be launched from a desert location 30 miles
East of Reno, Nevada into near space on an atmospheric weather balloon that
will reach an altitude of more than 100,000 feet (30km). Once it reaches
maximum altitude, the balloon will burst and the robots will parachute back
down to the Earth individually or as a group depending on the robot’s
desired experiment. Results from the experiment will be posted online at
http://www.mindstorms.com.
“When we developed MINDSTORMS, our goal was to pioneer a revolutionary
play experience that combined the best of LEGO building with the power of
new technologies to enable children to design, build and program robots,”
said Steven Canvin, global manager for The LEGO Group. “Little did we know
that the potential of the kit would spark the imagination of users of all
ages and lead to such innovative, playful and practical applications;
MINDSTORMS is now used around the world to entertain, educate and energize
innovation in homes, in schools, universities and businesses.”
“The H.A.L.E. project underscores how play can lead to discovery and
learning for children and adults alike,” Canvin continued. “This is what we
believe has made MINDSTORMS so globally successful over the last 10 years.”
Brian Davis, a part-time professor at Indiana University, contributed
two of his custom robots to the experiment. The first has been programmed
to automate an off-the-shelf digital camera to take both still and video
images while in the balloon. The second robot will attempt a world record
for the longest MINDSTORMS NXT free-fall; the robot will detach from the
balloon at maximum altitude and fall until a pre-programmed parachute is
deployed.
“I love building LEGO mechanisms because the inherent limitations and
versatility of the medium offer unique design challenges,” said Davis.
“Additionally, since LEGO bricks are infinitely reusable, I can build and
test prototypes much faster than I could in other mediums. I’m excited to
take my experiments to a new level; I’ve never tried to build a robot that
could function under these conditions and function right the very first
time. 100,000 feet above ground is no place for a mistake.”
Children are also getting involved in H.A.L.E. FIRST LEGO League Team
90 from Virginia is getting a head start on this year’s annual challenge,
“Climate Connections”, by sending up a robot they created that has been
programmed to measure and log UV radiation as a function of altitude while
on board the weather balloon.
“I am confident that the team will learn something about earth science
and Global Warming through this program,” said David Levy, coach of the
team. “We are treating our participation as a FIRST LEGO League research
project for the upcoming season’s challenge, so I expect that the team will
learn how to seek out the advice of experts in the field, come up with
their own solutions through experimentation, document their work and have
lots of fun in the process.”
Other robots will seek to collect data in relation to ozone
concentration, the impact of varying temperatures and air pressure on
objects, particles in the air, impact of flight conditions and varying
g-forces as a function of altitude.
Energizer provided H.A.L.E. participants with long-lasting Energizer(R)
Lithium AA batteries, which are 33 percent lighter than ordinary alkaline
batteries and perform in extreme temperatures from -40 to 140 degrees
Fahrenheit (-40 to 60 degrees C), which are ideal for the conditions the
robots are anticipated to experience on the balloon.
About LEGO MINDSTORMS
LEGO MINDSTORMS provides LEGO pieces, a microcomputer, high-tech motors
and sensors and programming software to create endless opportunities for
armchair inventors, robotics fanatics and LEGO builders ages 10 and older
to build and program robots that do what they want. The original Robotics
Invention System(TM) launched in 1998, featuring the first “smart” LEGO
brick — the RCX — a microcomputer developed in conjunction with the
Massachusetts Institute of Technology Media Lab, and was re-invented in
2006 with the launch of LEGO MINDSTORMS NXT.
Since its launch, users have created amazing robotic solutions to some
of life’s most ordinary — and extraordinary — problems. From sorting
candy, opening a door and shuffling and dealing a game of Poker to watering
plants, scrubbing a toilet and even solving a scrambled Rubik’s Cube, the
versatility and potential of the MINDSTORMS platform is constantly tested
and proven by its community of users.
To date, LEGO MINDSTORMS is the best-selling product ever in LEGO Group
history, with well over one million smart bricks being used worldwide
today.
About The LEGO Group
The LEGO Group is a privately-held, family-owned company based in
Billund, Denmark. One of the world’s leading manufacturers of creatively
educational play materials for children, the company is committed to the
development of children’s creative and imaginative abilities. Employees are
guided by the motto adopted in the 1930s by founder Ole Kirk Christiansen:
“Only the best is good enough.” Find more information online at
http://www.LEGO.com
LEGO and MINDSTORMS are registered trademarks of the LEGO Group.
(C)2008 The LEGO Group.
The H.A.L.E. Missions
Brian Davis, Indiana, USA
Project: Little Joe This robot will perform an automated free-fall in an attempt to set the
record for the longest MINDSTORMS NXT free-fall. The robot will be detached
from the main balloon near maximum altitude and will free-fall until the
parachute deploys.
Project: Gypsy
The robot will be an automated camera platform that will take both
video and still images. The MINDSTORMS NXT will control all image timing as
well as pitch angle
FLL Team 90/David Levy (Coach), Virginia USA
Project: FLL Team Challenge: Climate Connections
A FIRST LEGO League Climate Connections team will build a robot to
measure UV radiation as a function of altitude. The MINDSTORMS NXT will not
only data log the UV sensor readings, but will also be used to rotate the
UV filters in position as well as control the robot heater with a
temperature sensor.
Barbara Bratzel & Chris Rogers, Tufts University, Massachusetts, USA
Project: Fourth Graders
A group of 4th grade students will investigate the impact of flight
conditions on yellow marshmallows (a.k.a peeps). The MINDSTORMS NXT will be
recording temperature and pressure during the mission.
David Martinez, Jurgen Leitner, Sweden
Project: SpaceMasters
The robot will be measuring the change in g-forces as a function of
altitude. The robot will repeatedly drop a tethered Wii-mote at different
altitudes to measure the acceleration experience.
Claude Baumann, Francis Massen, Jean Mootz, Luxembourg
Project: LUXPAK
The robot will be using an RCX to measure ozone concentration, air
pressure, temperature (inside and outside) and reflected light from earth
during the descent.
Eugene Tsai, Taiwan
The robot will be using filtering papers to capture particles and/or
chemicals in the air during the balloon ascent and descent periods. The
LEGO Mindstorms NXT will be used to provide a mechanism to switch filtering
papers to capture the materials in the air and then keep the papers in a
secured compartment. The filtering papers will be retrieved and analyzed to
see what chemicals and particles exist in different altitudes.
SprayCool Signs Global OEM Agreement With GE Fanuc
July 29, 2008
SprayCool liquid cooled enclosures extend GE Fanuc’s turnkey product
solutions for military/aerospace applications
LIBERTY LAKE, Wash., July 29 /PRNewswire/ — SprayCool(R), a recognized
leader in the development of advanced thermal management solutions for the
military, aerospace and industrial computing customers, announced today
that it has signed a global agreement with GE Fanuc Intelligent Platforms,
a unit of GE Enterprise Solutions. Under the agreement, GE Fanuc will
source the SprayCool MPE enclosure to provide fully integrated subsystems
that include GE Fanuc’s commercial-off-the-shelf (COTS) embedded computing
solutions for military applications. (See accompanying release issued today
by GE Fanuc)
The agreement solidifies SprayCool’s strategic direction to align
itself with industry leading turnkey solution providers to further the
adoption of its unique direct-spray technology and the environmental
isolation properties embodied in their recently introduced MPE product. “We
are very excited to enter into this global partnership with GE Fanuc
Intelligent Platforms,” said Matt Gerber, CEO and President of SprayCool.
“Their industry leadership in embedded computing hardware and software
solutions, combined with SprayCool enclosures will facilitate the
customers’ sourcing of full turnkey solutions, and provide them the
flexibility to choose from a wide range of electronics card options,” he
added.
The SprayCool enclosures provide GE Fanuc with distinct advantages,
including the deployment of high performance computing electronics in harsh
environments, as well as enabling GE Fanuc to offer their customers a mix
of boards with various ruggedization levels within the same platform,
saving both space and weight.
“We are well known for our ability to provide demanding customers with
powerful, highly reliable embedded computing subsystems capable of
operating in the harshest environments,” said Peter Cavill, General
Manager, Military & Aerospace Business, GE Fanuc Intelligent Platforms,
“and this agreement with SprayCool extends our capabilities even further,
allowing us to propose very high performance solutions that would
previously not have been possible.”
SprayCool Technology
SprayCool patented two-phase liquid cooling technology (see video) uses
a fine mist of non-corrosive, non-conductive liquid, sprayed in a thin
layer, which evaporates and cools electronics. The process continuously
cycles within a sealed, closed loop system. In doing so, SprayCool products
isolate the electronics from dirty, corrosive environments found in
military and industrial applications resulting in cooler, higher
performance, and more durable electronic devices. The technology provides
an efficiently controlled and isolated environment for a broad mix of
electronics in a package that is significantly smaller, lighter, and more
power and cost efficient, and faster to deploy by the integrator.
About GE Fanuc Intelligent Platforms
GE Fanuc Intelligent Platforms, a joint venture between General
Electric (NYSE: GE) and FANUC LTD of Japan, is a high-performance
technology company and a global provider of hardware, software, services,
expertise and experience in automation and embedded computing, with
products employed in virtually every industry, including manufacturing
automation, defense, automotive, telecommunications, healthcare and
aerospace. GE Fanuc Intelligent Platforms is a worldwide company
headquartered in Charlottesville, VA, and is part of GE Enterprise
Solutions. GE Fanuc Intelligent Platforms provides a unique foundation of
agile, advanced and ultra-reliable technology that customers can trust to
ensure their long-term success. For more information, visit
http://www.gefanuc.com
About SprayCool
SprayCool (also known as Isothermal Systems Research) is a global
leader in the development of next-generation electronics thermal management
and environmental isolation enclosure products for DOD and industrial
computing applications, using its patented two-phase cooling technology.
SprayCool solutions are sourced by a variety of today’s leading prime and
system integrators to support some of the most demanding application
environments. Founded in 1988, SprayCool is a privately held corporation
headquartered in Liberty Lake, WA. For more information, please visit
http://www.spraycool.com
Raytheon Completes Significant Milestones for the GPS Ground Control Segment
July 29, 2008
On time completion lays the foundation for successful program execution
AURORA, Colo., July 29, 2008 /PRNewswire/ — Raytheon Company (NYSE:
RTN) has completed two significant milestones for the U.S. Air Force’s
Global Positioning System (GPS) next-generation Control Segment (OCX),
which establishes a solid foundation and roadmap to keep the program on
track and on schedule.
Raytheon completed the integrated baseline review (IBR) and
subsequently completed the standard Capability Maturity Model Integration
(CMMI) appraisal method for process improvement (SCAMPI-B) in late June
2008.
“The completion of the IBR and SCAMPI-B milestones demonstrates the
Raytheon OCX team’s commitment, maturity and readiness to deliver a robust
system for fielding,” said Bob Canty, vice president and program manager of
GPS OCX for Raytheon Intelligence and Information Systems. “Raytheon’s OCX
team will deliver a superior, low-risk and on-time solution to the
government.”
The IBR validated the Raytheon OCX team’s earned value management
system, established the credibility of the technical, schedule and cost
baselines and developed a mutual understanding of program risks. The
SCAMPI-B was a systematic appraisal of the Raytheon OCX team’s processes
and the maturity level of the team executing these processes.
The completion of the integrated baseline review and SCAMPI-B is an
accomplishment of Raytheon, Boeing, ITT Industries, Jet Propulsion
Laboratory, Braxton Technologies, Infinity Systems Engineering and SRI
International. Raytheon achieved the first milestone for the OCX program,
satisfying the Air Force’s System Requirement Review criteria, in February
2008.
Raytheon is currently under an 18-month, $160 million contract
administered by the Air Force Space and Missile Systems Center, Los Angeles
Air Force Base, Calif., for the first phase of the GPS OCX program.
Based in Garland, Texas, Raytheon IIS is a leading provider of
information and intelligence solutions to the government. IIS had 2007
annual revenues of approximately $2.7 billion and employs more than 9,000
engineering and technical professionals worldwide.
Raytheon Company, with 2007 sales of $21.3 billion, is a technology
leader specializing in defense, homeland security and other government
markets throughout the world. With a history of innovation spanning 86
years, Raytheon provides state-of-the-art electronics, mission systems
integration and other capabilities in the areas of sensing; effects; and
command, control, communications and intelligence systems, as well as a
broad range of mission support services. With headquarters in Waltham,
Mass., Raytheon employs 72,000 people worldwide.
Honeywell Delivers First Production Nitrogen Generation System
July 29, 2008
First FAA-certified fuel tank inerting system significantly reduces fuel
tank flammability, increases commercial aircraft safety
PHOENIX, July 29 /PRNewswire-FirstCall/ — Honeywell (NYSE: HON)
announced today it has delivered the Nitrogen Generation System (NGS) for
the Boeing Next-Generation 737 aircraft. The NGS delivers nitrogen enriched
air to the aircraft center fuel tank, significantly reducing flammability
and increasing commercial aircraft safety. On July 16, 2008, the Department
of Transportation, National Transportation Safety Board, and Federal
Aviation Administration jointly announced that within two years, all new
aircraft must include technology designed to reduce the risk of center fuel
tank fires.
The Honeywell NGS is the first fully FAA-certified fuel tank inerting
solution for commercial transport aircraft. Honeywell is developing
additional systems for the Boeing 737-300/400/500, 777-200/300, 747-400,
and the 747-8 aircraft.
“Honeywell’s Nitrogen Generation System is based on more than 50 years
of experience in the development of systems and equipment for aircraft
environmental control,” said Garrett Mikita, President of Honeywell’s Air
Transport and Regional business. “This system continues to extend
Honeywell’s heritage of providing state-of-the-art solutions to increase
aircraft safety.”
Using advanced thermal management and gas separation technologies, the
NGS substantially reduces aircraft center fuel tank flammability by
introducing nitrogen-enriched air to lower the oxygen concentration. The
National Transportation Safety Board has stated that the combination of
ignition source prevention and flammability reduction is the most effective
means to prevent fuel tank explosions. The safety of aircraft currently
in-service can also be enhanced with the addition of the Honeywell NGS.
Honeywell International is a $38 billion diversified technology and
manufacturing leader, serving customers worldwide with aerospace products
and services; control technologies for buildings, homes and industry;
automotive products; turbochargers; and specialty materials. Based in
Morris Township, N.J., Honeywell’s shares are traded on the New York,
London and Chicago Stock Exchanges. For additional information, please
visit http://www.honeywell.com.
Based in Phoenix, Honeywell’s aerospace business is a leading global
provider of integrated avionics, engines, systems and service solutions for
aircraft manufacturers, airlines, business and general aviation, military,
space and airport operations.
200TH CHALLENGER 300 JET ENTERS SERVICE WITH
July 29, 2008
L to R: Challenger 605, Challenger 850, Challenger 300
•VistaJet adds Challenger trio to fleet
Montreal, July 29, 2008 – Bombardier Aerospace today announced the delivery of the 200th
Challenger 300 aircraft to VistaJet, a privately owned business aviation solutions company
headquartered in Switzerland. The milestone aircraft is one of a trio of Challenger aircraft
delivered to VistaJet in July, including a Challenger 605 and Challenger 850 business jets.
The aircraft will enter service with VistaJet’s rapidly growing fleet on August first.
“This is a fantastic milestone for the Challenger 300 jet, an aircraft that continues to exceed
customer expectations,” said Eric Martel, vice-president and general manager, Challenger and
Global. “With over 200 aircraft manufactured since entering customer service in January 2004,
the Challenger 300 aircraft is one of the best selling jets in corporate aviation history.”
VistaJet’s fleet currently features more than 35 medium to ultra long-range jets – from the
premium Learjet 40 XR aircraft to the Global Express XRS jet, the ultimate business aircraft – all
with an average age of less than two years. The company expects to grow its fleet to 98 aircraft
once all jets on order including options have been delivered.
Challenger 605 steep approach capability key to access at London City Airport
“Our new Challenger 605 aircraft will focus on meeting the increasing demand at London City
Airport, directly linking business and government leaders to the heart of London’s financial
district,” said Bing Chen, VistaJet Chief Executive Officer. “London City Airport is by far the most
convenient way to access one of the world’s most important financial centers. Together the
Challenger 605 and our Learjet 40 XR aircraft are the ideal combination to offer the best
possible service at this airport.”
In order to qualify to operate at London City Airport, an aircraft must demonstrate its ability to be
flown safely at a 5.5-degree or greater approach angle, take off and land on the airport’s 4,327-
foot (1,319-meter) runway, and meet the local noise requirements. The Challenger 605 jet
received approval for steep approach and landing capability at London City Airport in 2007.
L to R: Bing Chen, CEO VistaJet, Thomas Flohr, Chairman, VistaJet
Guy Hachey, President and COO Bombardier Aerospace
Eric Martel, Vice-President, Challenger and Global
About Bombardier
A world-leading manufacturer of innovative transportation solutions, from commercial aircraft
and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a
global corporation headquartered in Canada. Its revenues for the fiscal year ended
Jan. 31, 2008, were $17.5 billion US, and its shares are traded on the Toronto Stock Exchange
(BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and
North America indexes. News and information are available at www.bombardier.com.
Lockheed Martin Agrees to Acquire Aculight Corporation
July 28, 2008
Company is a Leading Developer and Producer of Innovative Laser
Technologies
BETHESDA, Md., July 28 /PRNewswire-FirstCall/ — Lockheed Martin
Corporation (NYSE: LMT) has entered into a definitive agreement to acquire
Aculight Corporation based in Bothell, WA. Aculight is a privately held
company primarily focused on providing laser-based solutions for national
defense and aerospace customers. The new business unit will report to
Lockheed Martin’s Maritime Systems & Sensors business in Akron, OH. The
companies are not disclosing terms of the transaction.
“This transaction is consistent with Lockheed Martin’s focus on
acquiring companies with strategic capabilities that strengthen our core
offerings and create potential for adjacent market expansion,” said Chris
Kubasik, Executive Vice President of Lockheed Martin’s Electronic Systems
business area. “Aculight’s expertise in countermeasures, laser radar, and
high power directed energy will be of tangible benefit to Lockheed Martin’s
customers in areas such as guided munitions, airborne self-protection and
advanced sensors.”
“Aculight’s focus is to be a leader in providing high quality,
innovative and cost-effective laser system solutions for our customers,”
said Don Rich, Chief Executive Officer of Aculight. “Becoming a part of
Lockheed Martin will provide us with additional reach and resources to help
achieve these goals. We are looking forward to becoming part of the
Lockheed Martin team.”
The transaction is subject to Aculight shareholder approval and
satisfaction of other closing conditions. It is expected that the
transaction will close in the third quarter of 2008. Founded in 1993,
Aculight has approximately 90 employees.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000
people worldwide and is principally engaged in the research, design,
development, manufacture, integration and sustainment of advanced
technology systems, products and services. The corporation reported 2007
sales of $41.9 billion.
Raytheon Acquires Telemus Solutions, Inc.
July 28, 2008
Acquisition strengthens capability as a provider of critical information
security and intelligence services
GARLAND, Texas, July 28, 2008 /PRNewswire-FirstCall/ — Raytheon
Company (NYSE: RTN) has acquired Telemus Solutions, Inc., a provider of
information security, intelligence and technical services to defense,
intelligence and other federal customers. Terms of the transaction were not
disclosed.
Based in Falls Church, Va., Telemus delivers customized solutions in
infrastructure protection, engineering, research and analysis that help
customers detect, defer, and delay potential security threats.
“This acquisition represents Raytheon’s latest step in building an
end-to-end information security offering to address our customers’ most
critical security needs,” said Michael D. Keebaugh, president, Raytheon
Intelligence and Information Systems. “The purchase of Telemus underscores
Raytheon’s continued focus on the emerging cyber security market and
demonstrates our leadership in providing technologies that solve our
customers’ most complex information security challenges.”
Jon Monett, CEO of Telemus, commented: “We are pleased to be combining
our capabilities with Raytheon’s proven leadership in the critical
information operations and security arena. The difficult challenges faced
by our nation need to be met with mission-focused talent, experience and
agility.”
Based in Garland, Texas, Raytheon IIS is a leading provider of
information and intelligence solutions to the government. Raytheon IIS had
2007 annual revenues of approximately $2.7 billion and employs more than
9,000 engineering and technical professionals worldwide.
Raytheon Company, with 2007 sales of $21.3 billion, is a technology
leader specializing in defense, homeland security and other government
markets throughout the world. With a history of innovation spanning 86
years, Raytheon provides state-of-the-art electronics, mission systems
integration and other capabilities in the areas of sensing; effects; and
command, control, communications and intelligence systems, as well as a
broad range of mission support services. With headquarters in Waltham,
Mass., Raytheon employs 72,000 people worldwide.
Continental Airlines Unveils New Lie-Flat BusinessFirst Seat
July 28, 2008
Innovative seat design offers 180-degree recline; installation begins in
Fall 2009
HOUSTON, July 28 /PRNewswire-FirstCall/ — Continental Airlines (NYSE:
CAL) today announced details of a new 180-degree lie-flat seat for the
BusinessFirst cabin on its Boeing 787, 777 and 757 aircraft. Customers will
begin seeing lie-flats seats on Boeing 777 aircraft that primarily serve
trans-Atlantic and trans-Pacific routes in the fall of 2009, with
installation on Continental’s 757-200 fleet beginning in 2010 and on its
Boeing 787 fleet as the aircraft are delivered to Continental.
Unveiled today at the National Business Travel Association
International Convention and Exposition in Los Angeles, the new 180-degree
lie-flat seats are the centerpiece of Continental’s award-winning
BusinessFirst service that provides the extra space and fine amenities of
traditional international first class at a business class price.
“Continental continues to invest in its product to make flying more
comfortable for our global customers,” said Larry Kellner, chairman and
chief executive officer of Continental Airlines. “We created a brand-new
seat designed to lie completely flat, without compromising functionality or
effective use of cabin space.”
Lie-flat Design
Continental’s new BusinessFirst seats allow customers to lie completely
flat, reclining 180-degrees and providing 6 1/2 feet (2 meters) of sleeping
space in the fully extended position on its widebody aircraft. The lie-flat
seat is one of the widest business-class seats in the air, measuring up to
25 inches when the adjustable armrest is positioned flush with the seat
cushion, allowing customers to sleep more comfortably. Electronic
“one-touch” controls enable customers to easily move the seats to pre-set
upright, cradle and fully extended sleep positions and additional controls
allow customers to adjust the seat back, lumbar support and leg and foot
rests to the custom position most comfortable for them.
The lie-flat seats provide more individual storage space for personal
items. Laptop power, headset and USB plugs are conveniently tucked above
the customer’s shoulder. There is additional storage under the ottoman, on
a shelf under the monitor and on an amenity storage alcove that provides
room for small personal items such as a book or magazine and a water
bottle.
iPod connectivity will also be available at the seat, allowing each
customer to view their personal videos and enjoy their music, all while the
iPod is charging. BusinessFirst seats on the 787 and 777 aircraft will
feature a 15.4-inch video monitor for customers to enjoy on-demand movies,
music and games. Seats on the 757 aircraft will feature 10.6-inch monitors.
The new BusinessFirst seats also have a six-way adjustable head rest,
an individual overhead reading light and an adjustable seat light allowing
a customer to read in bed without disturbing their neighbor and a privacy
shell that allows for seclusion from other travelers.
Two Years to Design and Perfect
Continental’s product marketing team began researching new seat options
in the fall of 2006 when planning BusinessFirst service for the new 787
Dreamliner aircraft. The airline visited with numerous seat manufacturers
worldwide before selecting BE Aerospace, which created five different
design concepts. Concurrently, Continental sought feedback from a focus
group of BusinessFirst frequent flyers that identified and prioritized key
needs of global travelers and worked closely with the airline’s project
team and the seat manufacturer to help create the new seat. The important
features requested by the focus group were to install a wider seat that
could lay completely flat and be easy to operate.
Seats are the Centerpiece of Premium Service
BusinessFirst service features an extensive gourmet menu served with
premium wines and champagnes created by Continental’s Congress of Chefs and
Sommeliers. International Concierge Service provides individualized pre-
and post-flight services for BusinessFirst customers at 42 airports around
the world. Customers traveling in BusinessFirst may also access any of
Continental’s 27 Presidents Clubs and more than 60 airline affiliated
lounges worldwide.
Continental Airlines has won numerous awards for its BusinessFirst
product. The Official Airline Guide has awarded Continental’s BusinessFirst
as the Best Executive/Business Class for five consecutive years (2003 –
2007), and Conde Nast Traveler magazine rated Continental’s premium
BusinessFirst service the highest among all U.S. carriers for
trans-Atlantic and trans-Pacific flights 10 years in a row.
Continental currently operates the Boeing 777 on routes between Newark
and Beijing, Delhi, Frankfurt, Hong Kong, London/Heathrow, Mumbai, Paris,
Rome, Tel Aviv and Tokyo, and between Houston and London/Heathrow, Paris
and Tokyo.
BusinessFirst on the Boeing 757 is currently offered on routes between
Newark and Amsterdam, Barcelona, Belfast, Berlin, Birmingham, Bristol,
Copenhagen, Dublin, Edinburgh, Glasgow, Hamburg, Lisbon, London/Gatwick,
Madrid, Manchester, Oslo, Paris, Shannon and Stockholm.
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