Emergency Disaster Systems to Donate Supplies to CERT Groups Based in California and Raytheon's Terminal High Altitude Area Defense Radar Successful in Missile Defense Test
City of Industry, CA --(www.USEquityNews.com)-- 10/30/2007 - Defense industry alert provided by U.S. Equity News. Emergency Disaster Systems, Inc., a subsidiary of U.S. BioDefense, Inc. (OTCBB: UBDE) assists Certified Emergency Response Teams (CERT) in California by donating supplies. These supplies include emergency blankets, disposable gloves and dust masks. All CERT groups that have not been notified can contact Emergency Disaster Systems by calling (866) MyEDSkit or email cs@myedskit.com to receive their supplies. "We would like to support all fire departments, CERT, and volunteers that are assisting the victims of this tragic event," said David Chin, CEO of U.S. BioDefense.
Boeing Co. (NYSE: BA) said recently its board of directors authorized the repurchase of up to $7 billion in common stock, stepping up a program that has seen the aerospace company buy back about $8 billion of its shares since resuming repurchases in 2004. The new plan follows a $3 billion buyback approved by the board in August 2006, a program the company said is nearing completion. "Our strong financial performance allows us to return value to our shareholders while continuing to invest in our growth and becoming more productive," said Chairman and Chief Executive Jim McNerney.
The Terminal High Altitude Area Defense (THAAD) radar built by Raytheon Company (NYSE: RTN) performed successfully in the latest integrated THAAD flight test conducted by the Missile Defense Agency and THAAD prime contractor, Lockheed Martin, at the Pacific Missile Range Facility in Hawaii Oct. 27. The test resulted in the successful intercept of an "exoatmospheric" (outside the Earth's atmosphere), unitary target over the Pacific Ocean and demonstrated fully integrated radar, launcher, fire control, missile and engagement functions of the THAAD weapon system.
General Dynamics Advanced Information Systems, a business unit of General Dynamics (NYSE: GD), has been awarded the Target Recognition and Advanced Identification Development and Evaluation (TRAIDE) contract by the U.S. Air Force Research Laboratory at Wright Patterson Air Force Base, Ohio. The contract is valued at $20 million over a 64-month period of performance. General Dynamics will conduct operational and technical analyses of advanced combat identification systems to determine which technology concepts perform best in realistic Air Force missions.
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