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General Dynamics (GD)

GD Delivers Lewis and Clark-class Supply Ship

General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, delivered USNS Matthew Perry (T-AKE 9) to the U.S. Navy. The ship is named in honor of Commodore Matthew C. Perry (1794-1858), the U.S. Navy officer who established American trade with Japan in the mid-19th century.
NASSCO began construction of USNS Matthew Perry in April 2008. The 689-foot-long supply ship will serve under the Navy's Military Sealift Command. The ship is capable of delivering almost 10,000 tons of dry cargo and petroleum products at one time to U.S. Navy and allied ships underway at sea.

Feb 25 · 4:08:00 PM · Source: Reuters
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by Michael Oliveto

3M Company (MMM)

3M Mobile Dictation Software Released on iPhone

3M Health Information Systems has released 3M™ Mobile Dictation Software on the iPhone® platform, giving physicians greater control over their dictation workflow. The advanced mobile application, also available on the BlackBerry® and Windows Mobile® platforms, offers physicians the freedom of using a single device for phone, email, and dictation, and provides “anytime, anywhere” access via Wi-Fi or 3G wireless service.
Using 3M Mobile Dictation, physicians can dictate notes, view patient lists, and display current patient information on the smartphone screen, saving time and freeing them to focus on patient care. The software provides always-on connectivity, eliminating the need to synchronize smartphones to a dictation system, and is enhanced with a full range of security features that fulfill HIPAA and hospital-specific guidelines for encryption and authentication.

Feb 25 · 3:55:00 PM · Source: Company Press Release
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by Michael Oliveto

Boeing (BA)

Boeing and United Airlines Finalize 787 Order

Boeing and United Airlines have finalized an order for 25 787-8 jetliners. The agreement includes the opportunity to purchase another 50 Dreamliners. The order is valued at $4.2 billion at average list prices.
United expects to take delivery of the 787s at the same time it will begin to retire its Boeing 747s and 767s operating on international routes. "Boeing and United Airlines share an 80-year partnership," said Jim Albaugh, president and CEO of Boeing Commercial Airplanes. "United, which launched the Boeing 777, now begins a new chapter with the 787 Dreamliner, the most technologically advanced commercial jetliner ever built."

Feb 25 · 3:44:00 PM · Source: Company Press Release · Related: UAL Corp.
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by Michael Oliveto

Boeing (BA)

Boeing's ZA004 Joins 787 Flight-Test Program

A third airplane has joined the Boeing 787 Dreamliner flight-test program. ZA004, the fourth flight-test airplane to be built, took off at 11:43 a.m. local time from Paine Field in Everett, WA.
The program plan called for ZA004 to fly before ZA003 because the data ZA004 is collecting is needed more quickly both for certification and development of the 787-9. "Airplane No. 4 operated flawlessly today," Captain Heather Ross said after landing. "We've got a lot of work ahead of us but I can't imagine a better start to the flight test program for this airplane."

Feb 25 · 3:40:00 PM · Source: Company Press Release
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by Michael Oliveto

Boeing (BA)

Boeing Continues Layoffs

Boeing will lay off 527 employees in the Puget Sound area by April 23, most of them from its Engineering, Operations and Technology unit.
The layoffs, detailed by Boeing in a WARN (Worker Adjustment and Retraining Notification Act) notification, are part of a larger group of 1,020 workers companywide who received layoff notices on Friday. The layoffs are part of a 10,000-person force reduction plan announced last year by Boeing CEO Jim McNerney.

Feb 23 · 11:57:00 PM · Source: MSN Money
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by Michael Oliveto

GE (GE)

GE Healthcare Introduces Vscan Visualization Tool

GE Healthcare today announced the availability of Vscan, a new, pocket-sized visualization tool developed to provide physicians with imaging capabilities at the point-of-care.
Roughly the size of a smart phone, Vscan houses powerful, ultra-smart ultrasound technology that provides clinicians with an immediate, non-invasive method to help secure visual information about what is happening inside the body. Vscan is portable and can easily be taken from room to room to be used in many clinical, hospital or primary care settings.

Feb 15 · 5:08:00 PM · Source: Company Press Release
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by Michael Oliveto

Lockheed Martin (LMT)

Lockheed Martin Laser In Successful Demonstration

Lockheed Martin announced that the Beam Control/Fire Control system for the U.S. Missile Defense Agency’s Airborne Laser Testbed (ALTB) successfully aimed the High Energy Laser beam in an experiment Feb. 11, in which a boosting ballistic missile target was destroyed.
In the lethal demonstration, the directed energy system aboard the modified Boeing 747-400F aircraft engaged and destroyed the threat-representative ballistic missile target shortly after it was launched from a sea-based platform in the Pacific Ocean.

Feb 12 · 9:52:00 PM · Source: Company Press Release
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by Michael Oliveto

Burlington Northern Santa Fe (BNI)

BNI Shareholders Approve Acquisition

Burlington Northern announced that all shareholders voted overwhelmingly in favor of the Company's acquisition by Berkshire Hathaway Inc.
The merger is expected to close on February 12.

Feb 12 · 12:56:00 PM · Source: Reuters
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by Michael Oliveto

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