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Lockheed Martin (LMT)
Saxonburg-based II-VI Inc. inked a $40 million multi-year agreement with Department of Defense contractor Lockheed Martin Corp. to supply components for the Joint Strike Fighter, F-35 Lighting II.
II-VI (NYSE: IIVI) will be supplying sapphire windows for the aircraft’s Electro-Optical Targeting Systems.
Feb 12 · 9:56:00 PM · Source: MSN Money · Related: II-VI Incorporated
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by Michael Oliveto
Lockheed Martin (LMT)
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
Honeywell (HON)
Honeywell declared a regular quarterly dividend in the amount of $.3025 per share payable March 10, 2010 to shareholders of record on February 19, 2010.
At today''s $37.86 stock price the dividend yield is 3.20%.
Feb 12 · 9:49:00 PM
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by Michael Oliveto
General Dynamics (GD)
General Dynamics Information Technology, a business unit of General Dynamics, has been awarded a contract for Constructive Training Systems support by the U.S. Army’s Program Executive Office for Simulation, Training and Instrumentation (PEO STRI). The total potential value of this single-award, five-year Indefinite Delivery/Indefinite Quantity (ID/IQ) contract is $387 million if all options are exercised. The initial award value is $56 million for the base year.
Under the contract, General Dynamics will provide technical, management and professional engineering support services for the procurement and fielding of Constructive Training Systems (CTS). Services to be performed consist of engineering, integration, exercise and experimentation support, gaming, materiel purchases, maintenance, supply support and post-fielding support to PEO STRI and the Project Manager for Constructive Simulations (PM ConSim). The work will be managed in the Orlando, Fla., area.
Feb 12 · 9:46:00 PM · Source: PR NewsWire
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by Michael Oliveto
ConocoPhillips (COP)
ConocoPhillips declared a regular quarterly dividend in the amount of $.50 per share payable March 1, 2010 to shareholders of record on February 22, 2010.
At today''s $48.67 stock price the dividend yield is 4.11%.
Feb 12 · 9:43:00 PM
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by Michael Oliveto
3M Company (MMM)
3M, through its New Ventures business, has entered into a strategic relationship with MAMA Sustainable Incubation AG – a newly formed technology incubator specializing in the development of solutions for emerging green-markets such as renewable energy, sustainable architecture and water treatment, based in Berlin, Germany.
“This investment reflects both our long-standing commitment to environmental sustainability and our passion for innovation,” said Stefan Gabriel, president, 3M New Ventures. “With 3M’s support, MAMA will seek, explore and develop early-stage innovations to enable scalable solutions to the world’s sustainability challenges.”
Feb 12 · 9:39:00 PM · Source: Company Press Release
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by Michael Oliveto
GE (GE)
GE Capital, Corporate Finance today announced it is co-collateral agent for a $300 million asset-based credit facility for Kehe Food Distributors, a leading U.S. distributor of natural and specialty food products. The loan will be used to support the company’s acquisition strategy.
“GE made a significant financial commitment to support our strategic objectives,” said Chris Meyers, CFO of Kehe Food Distributors. “We appreciate working with a lender who is responsive and understands the unique aspects of our business and industry.”
Feb 12 · 9:37:00 PM · Source: Company Press Release
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by Michael Oliveto
GE (GE)
GE declared a regular quarterly dividend in the amount of $.10 per share payable April 26, 2010 to shareholders of record on March 1, 2010. The ex-dividend date is February 25, 2010.
GE is an S&P Dividend Aristocrat. At today''s $15.55 stock price the dividend yield is 2.57%.
Feb 12 · 9:32:00 PM
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by Michael Oliveto
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