Defense industry news provided by Financial News USA (OTC: FNWU). The U.S. Air Force awarded Boeing Co.'s (NYSE:BA) aerospace division a $23.29 million firm-fixed price contract for remanufacture of KC-135 flight control surfaces. The KC-135 Stratotanker primarily is used to refuel aircraft during flight. Modified versions serve as transport, reconnaissance and flying command posts. No funds have been obligated to the requirements contract at this time, the Department of Defense said in a release. U.S. BioDefense (OTC BB: UBDE) announces that its subsidiary Emergency Disaster Systems has donated four pallets of food and water rations to the Salvation Army to assist the organization with their social services programs. "In an effort to further align Emergency Disaster Systems with its fundamental mission of assisting communities, we have donated a substantial amount of foodstuffs to be used to nourish those who are less fortunate." commented David Chin, CEO of U.S. BioDefense.
The Office of Naval Research awarded Lockheed Martin (NYSE:LMT) $724,000 from its Disruptive Technology Fund to help evaluate prospective modifications to the Tactical Tomahawk Weapons Control System (TTWCS) user interface. TTWCS controls missile launches from surface ships and submarines. Lockheed Martin Advanced Technology Laboratories (ATL) will leverage its neuroscience-based technologies in augmented cognition by integrating cognitive-state gauges into the TTWCS Tool for Interface Design Evaluation with Sensors (T-TIDES). Defense contractor Northrop Grumman Corp. (NYSE:NOC) on Monday said it plans to reaffirm its 2006 financial guidance at investor meetings to be held Wednesday through Friday. In July, Northrop Grumman said it expects 2006 earnings of $4.35 to $4.45 per share and sales of $30.5 billion. Analysts polled by Thomson Financial forecast full-year profit of $4.47 per share and sales of $30.61 billion.
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