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Sea Launch Files Plan Of ReorganizationLong Beach CA (SPX) May 20, 2010 Sea Launch Company LLC, a leading provider of launch services to the commercial satellite industry, has filed a Plan of Reorganization (the "Plan") with the U.S. Bankruptcy Court in Delaware, in preparation for its emergence from Chapter 11. Sea Launch filed voluntary petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code on June 22, 2009. Pursuant to the terms of the Plan, Energia Overseas Limited (EOL) will purchase 85% of the stock in the reorganized Sea Launch in exchange for an ... read more |
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Monrovia CA (SPX) May 20, 2010AeroVironment, Inc. has received an order valued at $11,198,967 under an existing contract with the U.S. Army. The order comprises 63 new digital Raven small unmanned aircraft systems (UAS), services supporting the Army's evaluation of the small UAS Family of Systems concept and additional engineering services. This order follows two recent orders under the existing U.S. Army contract that ... more  
St Louis MO (SPX) May 20, 2010A team led by Boeing has submitted a proposal to the U.S. Air Force on May 5 for Phase 2 of the Common Range Integrated Instrumentation System (CRIIS) program. CRIIS will help improve the accuracy and realism of joint-service test and training activities. "Our best-of-industry approach to CRIIS puts cutting-edge technology into existing aircraft and weapon systems that remain cost-effectiv ... more  
Madrid, Spain (SPX) May 19, 2010The Spanish Future Soldier System ComFut (Combatiente del Futuro) is nearing the finishing line. In March, EADS Defence and Security (DS) in Spain delivered 36 equipment sets to the Spanish Army as specified in the Design and Development (D+D) contract signed with the Ministry of Defence. These sets have been used to train the first 25 soldiers from the Academia de Infanteria (Infantry Aca ... more |
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Clean energy bank for Muslim countries?Kuala Lumpur, Malaysia (UPI) May 19, 2010 Malaysian Prime Minister Najib Razak proposed setting up a "Clean Energy Development Bank" for the benefit of Muslim countries to boost development of clean energy-related industries. Speaking Wednesday at the 6th World Islamic Economic Forum in Kuala Lumpur, Najib said Malaysia was ready to spearhead such an initiative. "There is tremendous potential in the development of alternative energy resources," he said. Given the importance of energy security, the prime minister said, a ... read more |
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