A new term is creeping into our vocabulary, one that encompasses Americans'
love for their vehicles and their desire to take advantage of every idle
moment that occurs throughout the day. The term is telematics: the ability to
provide wireless, built-in computer functionality inside vehicles.
It was only a matter of time before automotive manufacturers, wireless
service providers, and the computer industry realized the potential to marry
wireless and Internet technologies and automobiles. After all, Americans
spend 26 billion hours in their vehicles every year. Those hours translate
into potential revenue for automobile manufacturers through value-added
safety, security, maintenance, and entertainment services; for Internet
companies through online purchases; and for wireless service providers
through handsfree phone calling.
But despite the potential of telematics,... (more)
Lockheed Martin (NYSE: LMT) successfully fired a U.S. Army Tactical Missile
System (ATACMS) missile in a recent stockpile verification test at Fort
Bliss, TX. The missile was fired from a High Mobility Artillery Rocket System
The test used an ATACMS Unitary variant missile to destroy a target
approximately 175 kilometers away. The operation met all mission objectives,
Demonstrating of the missile/launcher interface and missile reliability;
Collecting performance, technical and reliability data for assessment of
production missiles; Validating... (more)
The U.S. Navy has awarded General Dynamics Electric Boat a $10.25 million
contract modification to continue operating the New England Maintenance
Manpower Initiative (NEMMI) at the Naval Submarine Base in Groton. Electric
Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Initially awarded in October 2006 , the five-year contract has a potential
value of $201.8 million if all options are exercised and funded.
Under the terms of the contract, Electric Boat will provide a wide-range of
overhaul, repair and modernization services in support of nuclear submarines,
The U.S. Navy has awarded General Dynamics Armament and Technical Products, a
business unit of General Dynamics (NYSE: GD), a $16 million contract
extension for the production of M61A2 20mm automatic Gatling gun systems for
use on F/A-18 fighter jets.
The production work will be performed at General Dynamics' Saco, Maine,
facility, with final deliveries scheduled in 2011. The program will be
managed out of General Dynamics Armament and Technical Products' Burlington,
The initial $10 million contract was awarded to General Dynamics in 2005,
followed by a $12.5 milli... (more)