As part of the Next Generation Jammer (NGJ) program�s technology maturation phase, ITT Exelis (NYSE:XLS) and The Boeing Company have successfully completed wind tunnel testing of the team�s proposed full-scale pod at NASA’s Langley Research Center in Hampton, Va.
The testing, observed by U.S. Navy representatives, demonstrated the power generation and control capability of the pod�s Ram Air Turbine, used to generate electrical power for jamming. The pod, if selected by the Navy, will be deployed aboard the U.S. Navy�s electronic attack EA-18G aircraft.
�Successful wind tunnel testing of an integrated power generation system is a significant risk reduction achievement for the ITT-Boeing NGJ program,� said Bob Ferrante, vice president and general manager of Exelis Electronic Systems� airborne electronic attack business. �The wind tunnel test operations validated our engineering team�s projections, so now we�re preparing for the next step of in-flight testing.�
The Next Generation Jammer program, a complete upgrade to existing technology, will ensure that U.S. forces have dominance of the electronic spectrum, providing a comprehensive capability.
ITT Exelis Electronic Systems provides innovative integrated solutions for the global defense, intelligence, information assurance and commercial aerospace sectors. As a leader in electronic warfare and communications, we leverage our experience and innovation to ensure the success of our customers� critical missions. Our technology leadership extends into the areas of airborne electronic attack, networked and satellite communications, counter-improvised explosive devices, airspace management, surveillance systems, airborne and shipboard radar, acoustic sensors, advanced composite structures and electronic weapons interfaces.
ITT Exelis is a diversified, top-tier global aerospace, defense and information solutions company with strong positions in enduring and emerging global markets. Exelis is a leader in networked communications, sensing and surveillance, electronic warfare, navigation, air traffic solutions and information systems with growing positions in cybersecurity, composite aerostructures, logistics and technical services. The company has a 50-year legacy of innovation and technology expertise, partnering with customers worldwide to deliver affordable, mission-critical products and services for managing global threats, conflicts and complexities. Headquartered in McLean, VA, the company employs about 21,000 people and generated 2010 revenue of $5.9 billion.
More about XLS at www.exelisinc.com
The Marcus Corporation (NYSE:MCS) reported results for the second quarter ended November 24, 2011. Total revenues for the second quarter of fiscal 2012 were $90,069,000, a 3.8% increase from revenues of $86,735,000 for the second quarter of fiscal 2011. Operating income was $6,261,000 for the second quarter of fiscal 2012, a 15.8% increase from operating income of $5,406,000 for the same period in the prior year. Net earnings were $2,824,000 for the second quarter of fiscal 2012, a 35.5% increase from net earnings of $2,084,000 for the second quarter of fiscal 2011.
The Marcus Corporation, together with its subsidiaries, owns and operates theatres, and hotels and resorts.
Cleantech Transit, Inc. (CLNO)
Cleantech Transit, Inc. is in the business of producing and conserving power. Cleantech Transit produces and sells clean electricity globally, with a focus on sustainable energies using renewable resources such as Geothermal, Solar and Wind. Cleantech Transit’s goal is to use innovative technologies to reduce electricity consumption and dependence on carbon based energy. Cleantech Transit, Inc. was founded in 2006 and is based in Scottsdale, Arizona.
Bioenergy, simplified, is energy made available by the conversion of materials derived from sources of either living organisms or their metabolic by-products. Biomass can be converted into solid, liquid or gaseous energy sources, which allows a wide range of applications.
It can be:Burned directly to produce heat and/or electricity,Converted biochemically to produce liquid fuel;Digested or gasified to produce gaseous fuel; and finally,Pyrolized to produce oils and high value chemicals
Canada has an abundant supply of many types of biomass, which is important in the production of energy, biofuels, materials and chemicals.
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
Zimmer Holdings, Inc. (NYSE:ZMH), a global leader in musculoskeletal care, announced that its Board of Directors has approved the payment of a quarterly cash dividend to stockholders for the first quarter of 2012. Zimmer’s Board of Directors also has authorized a new share repurchase program.
Founded in 1927 and headquartered in Warsaw, Indiana , Zimmer designs, develops, manufactures and markets orthopaedic reconstructive, spinal and trauma devices, dental implants, and related surgical products.
AllianceBernstein Income Fund, Inc. (NYSE:ACG), a closed end management investment company, declared on this date, December 15, 2011 , a monthly income distribution of $0.04 per share of Common Stock plus an additional one-time income distribution of $0.0532 per share of Common Stock. The total distribution of $0.0932 is payable on January 20, 2012 to stockholders of record at the close of business on December 27 , 2011. Ex?date will be December 22, 2011 .
AllianceBernstein Income Fund, Inc. operates as a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in the fixed income markets of the United States.
No comments:
Post a Comment