EIN Presswire: Military Live Feed Press Releases

Space Systems/Loral Selected to Provide Two Powerful Satellites for Australia's National Broadband Network

Wed, 08 Feb 2012 00:23:00 +0000

Leading Platform for Satellite Broadband Delivers Unprecedented Capacity Distribution Capability to Assure Internet Access to Rural and Remote Australia

Space Systems/Loral (SS/L) (NASDAQ: LORL), the world's leading provider of commercial satellites, today announced that it has been awarded a contract to provide two high throughput communications satellites that will be used to deliver high speed broadband service to rural and remote areas of Australia. The satellites will be operated by NBN Co Limited (NBN Co), which was established to implement the Australian government policy initiative of providing access to high speed broadband to every household and business in the country via an integrated national network that will utilize fiber, wireless and satellite technologies.

"We are honored to be a part of the Australian government's initiative to provide universal broadband service to all of its citizens," said John Celli, president of Space Systems/Loral. "Today, access to the internet is crucial for education, safety, and economic development. Satellite is a highly cost-effective solution for providing high-speed connectivity over broad geographic areas and the Australian government has demonstrated visionary thinking in looking to satellite as one of the three chosen technologies to deliver service to every part of the nation."

Space Systems/Loral has built more satellites for broadband communications than any other manufacturer, and has built the world's highest capacity broadband satellites which deliver more than 100 gigabits per second throughput. The two satellites, NBN Co 1A and 1B, are both Ka-band, high-throughput broadband satellites that use multiple spot beams in an advanced design that tailors capacity to Australia's vastly distributed population. When launched in 2015, the satellites will provide service to some of the most remote places in Australia, as well as its coastal islands and external territories including Norfolk Island, Cocos Island, Christmas Island and Macquarie Island in the Antarctic.

"This announcement is a significant step towards reducing the digital divide between Australians living in urban areas and those living in the most geographically isolated regions. Rural and remote communities can now look forward to receiving enhanced broadband connectivity that will assist them in accessing the types of business, health, education and government services that people in metropolitan areas take for granted, " said Mike Quigley, chief executive officer of NBN Co. "We selected Space Systems/Loral to design and build our satellites because of its leadership in delivering the world's largest and most powerful satellites, and its long history of success in providing satellites for broadband service."

The satellites for NBN Co are based on the SS/L 1300 platform which leads the industry in reliability and has been optimized to provide enhanced performance and capacity distribution for broadband missions. The satellites are designed to provide service for 15 years or more.

The contract award also includes satellite control facilities, support for system capacity planning and optimization, systems to manage satellite operations, and end-to-end systems integration support.

About NBN Co Limited
NBN Co Limited was established in 2009 to implement the Australian Government's policy initiative to design, build, and operate a National Broadband Network to provide access to high speed broadband to all Australian premises. NBN Co is a wholly-owned Commonwealth company that has been prescribed as a Government Business Enterprise (GBE) and is represented by "Shareholder Ministers" -- the Minister for Broadband, Communications and the Digital Economy and the Minister of Finance and Deregulation. The organization's goal is to deliver Australia's first national wholesale-only, open access broadband network to all Australians, regardless of where they live. For more information, visit: www.nbnco.com.au.

About Space Systems/Loral
Space Systems/Loral, a subsidiary of Loral Space & Communications (NASDAQ: LORL), has a long history of delivering reliable satellites and spacecraft systems for commercial and government customers around the world. As the world's leading provider of commercial satellites, the company works closely with satellite operators to provide spacecraft for a broad range of services including television and radio distribution, digital audio radio, broadband Internet, and mobile communications. Billions of people around the world depend on SS/L satellites every day. For more information, visit www.ssloral.com.

About Loral Space & Communications
Loral Space & Communications is a satellite communications company. Through its Space Systems/Loral subsidiary, the company is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications including direct-to-home television, broadband communications, wireless telephony, weather monitoring, and air traffic management. Loral also owns 64 percent of Telesat, one of the world's largest providers of satellite services. Telesat operates a fleet of telecommunications satellites used to broadcast video entertainment programming, distribute direct-to-home video and broadband data services, and other value-added communications services. For more information, visit Loral's Web site at www.loral.com. LORL-G

This document contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this press release, the words "believes," "expects," "plans," "may," "will," "would," "could," "should," "anticipates," "estimates," "project," "intend" or "outlook" or other variations of these words or other similar expressions are intended to identify forward-looking statements and information. In addition, Loral Space & Communications Inc., Space Systems/Loral, Inc. or their representatives have made or may make forward-looking statements, orally or in writing, which may be included in, but are not limited to, various filings made from time to time with the Securities and Exchange Commission, and press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results may differ materially from anticipated results as a result of certain risks and uncertainties which are described as "Risk Factors" and in the "Commitments and Contingencies" note to the financial statements in Loral's 2010 annual report on Form 10-K filed March 15, 2011. The reader is specifically referred to this document, as well as the company's other filings with the Securities and Exchange Commission. Risks and uncertainties include but are not limited to (1) risks associated with financial factors, including swings in the global financial markets, financial covenants in SS/L's credit agreement, increases in interest rates and access to capital; (2) risks associated with satellite manufacturing, including competition, cyclicality of SS/L's end-user markets, contractual risks, creditworthiness of customers, performance of suppliers and management of our factory and personnel; (3) regulatory risks, such as the effect of U.S. export control and economic sanction laws; and (4) other risks, including litigation. The foregoing list of important factors is not exclusive. Furthermore, Loral and SS/L operate in an industry sector where securities values may be volatile and may be influenced by economic and other factors beyond the control of Loral and SS/L.

Space Systems/Loral was selected to provide the satellites, NBN Co 1A and 1B, to NBN Co.

Arms Control and International Security: Bilateral Consultative Commission: Agreement Number 1 On Procedures for Conducting Demonstrations of Recording Media and/or Telemetric Information Playback Equipment

Tue, 07 Feb 2012 23:13:01 +0000

Bureau of Arms Control, Verification and Compliance

February 7, 2012

Geneva, Switzerland
February 7, 2012

The Delegation of the United States of America to the Bilateral Consultative Commission and the Delegation of the Russian Federation to the Bilateral Consultative Commission.

Acting in accordance with the Treaty between the United States of America and the Russian Federation on Measures for the Further Reduction and Limitation of Strategic Offensive Arms of April 8, 2010, hereinafter referred to as the Treaty,

Taking into consideration that the Parties have conducted the initial demonstrations, required by the Treaty, of recording media and telemetric information playback equipment,

Have agreed as follows:

The Parties shall conduct subsequent demonstrations, in accordance with the Treaty, of recording media and/or telemetric information playback equipment using the following procedures:

1. During the demonstration the providing Party shall:

(a) describe its telemetric signal conversion processes (from reception to recording) associated with the recording medium and telemetric information playback equipment to be demonstrated, or provide data on telemetry systems that enable the conversion of telemetric information contained on the recording medium to the form (format) that originates on board the missile before broadcast;

(b) demonstrate each type of recording medium to be provided to the receiving Party in accordance with subparagraph 6(a) of Part Two of the Annex on Telemetric Information to the Protocol to the Treaty, hereinafter referred to as the Annex on Telemetric Information. Each such recording medium that is being demonstrated shall contain a recording of the following examples of telemetric information:

(i) actual telemetric information that was broadcast during the launch of an ICBM or SLBM; or

(ii) information with characteristic features of telemetric information that is broadcast during the launch of an ICBM or SLBM.

In this connection, the recording contained on the recording medium that is being demonstrated must be suitable for demonstrating the playback of the telemetric information on the appropriate telemetric information playback equipment;

(c) describe each type of recording medium that is being demonstrated, as well as describe the recording methods and formats that are used for each type of recording medium;

(d) demonstrate all the telemetric information playback equipment in a manner that allows the receiving Party to observe a display or indicator that demonstrates that the telemetric information playback equipment is operating properly. Such telemetric information playback equipment shall be demonstrated in operation using all the types of recording media that are being demonstrated in accordance with subparagraph (b) of this paragraph;

(e) answer questions of the receiving Party pertaining to its ability to play back telemetric information recorded on the demonstrated recording media;

(f) for the examples of telemetric information recorded on the recording media that are being demonstrated, provide corresponding illustrative examples of summaries of each of the demonstrated recording media that meet the requirements of paragraph 2 of Part Three of the Annex on Telemetric Information, and corresponding illustrative examples of interpretive data for the telemetric information that meet the requirements of paragraph 5 of Part Three of the Annex on Telemetric Information.

2. Upon completion of the demonstration, the providing Party shall provide to the receiving Party all the demonstrated recording media with the examples of telemetric information recorded on them, examples of summaries of each of the demonstrated recording media and examples of interpretive data for the telemetric information on the recording media, as well as other information that is additionally provided in order to achieve the objectives of the demonstration.

3. The Demonstration must be sufficient for the receiving Party to be able to get an idea of the full set of telemetric information playback equipment, as well as the technical requirements necessary for playing back the examples of telemetric information recorded on the demonstrated recording media.

4. During the demonstration the procedures for playing back telemetric information shall be demonstrated. The providing Party shall provide a description of those types of modulation, methods, modes, and recording formats, as well as methods for encoding telemetric information contained on recording media that allow the receiving Party to convert the telemetric information contained on the recording medium to the form (format) that originates on board the missile before broadcast.

5. Ambiguities and unresolved questions in connection with the demonstration shall be considered within the framework of the Bilateral Consultative Commission.

6. The provisions of paragraphs 2-6 of Part Six of the Annex on Telemetric Information, which are applicable to the trainee team members, shall also apply to representatives of the receiving Party participating in demonstrations.

7. This Agreement shall enter into force as of the date of signature and shall remain in force so long as the Treaty remains in force.

Done at Geneva on February 7, 2012, in two originals, each in the English and Russian languages, both texts being equally authentic.

Commissioner of
the United States of America to
the Bilateral Consultative
Commission

John M. Ordway

Commissioner of
the Russian Federation to
the Bilateral Consultative
Commission

Vladimir L. Leontyev

Arms Control and International Security: Bilateral Consultative Commission: Agreement Number 2 On the Amount of Telemetric Information on ICBM and SLBM Launches That Each Party Shall Provide

Tue, 07 Feb 2012 23:13:01 +0000

Bureau of Arms Control, Verification and Compliance

February 7, 2012

Geneva, Switzerland
February 7, 2012

The Delegation of the United States of America to the Bilateral Consultative Commission and the Delegation of the Russian Federation to the Bilateral Consultative Commission.

Have agreed as follows:

1. For each launch of an ICBM or SLBM for which telemetric information is provided in accordance with Article IX of the Treaty, Part Seven of the Protocol to the Treaty, and the Annex on Telemetric Information to the Protocol to the Treaty, the Party conducting the launch shall provide telemetric information to the other Party beginning from the time of ignition of the first stage motor of the ICBM or SLBM, until:

(a) the end of issuance of the command for separation of the self-contained dispensing mechanism from the final stage of the ICBM or SLBM; or;

(b) the end of issuance of the command for separation of the first of the other objects installed on the ICBM or SLBM for the purpose of being delivered into the upper atmosphere or space, from the final stage of the ICBM or SLBM; or

(c) the expiration of one second after loss of active control of the missile’s control system (when the active stage of the missile does not respond to control signals), if such loss occurred prior to separation of the self-contained dispensing mechanism or the first of the other objects installed on the ICBM or SLBM for the purpose of being delivered into the upper atmosphere or space, from the final stage of the ICBM or SLBM, or until the moment of loss of the telemetric signal coincident with such loss of active control, whichever occurred earlier.

2. Each Party shall provide, in the interpretive data for the telemetric information, names of data elements and their location in the telemetry frame, as well as descriptions necessary to identify the command for separation of the self-contained dispensing mechanism or the first of the other objects installed on the ICBM or SLBM for the purpose of being delivered into the upper atmosphere or space, from the final stage of the ICBM or SLBM.

3. This Agreement shall enter into force as of the date of signature and shall remain in force so long as the Treaty remains in force.

Done at Geneva on February 7, 2012, in two originals, each in the English and Russian languages, both texts being equally authentic.

Commissioner of
the United States of America to
the Bilateral Consultative
Commission

John M. Ordway

Commissioner of
the Russian Federation to
the Bilateral Consultative
Commission

Vladimir L. Leontyev

Arms Control and International Security: Bilateral Consultative Commission: Decision on the Number of Launches of ICBMs and SLBMs Conducted in 2011, on Which an Exchange of Telemetric Information Will Be Carried Out in 2012

Tue, 07 Feb 2012 23:13:01 +0000

Bureau of Arms Control, Verification and Compliance

February 7, 2012

Geneva, Switzerland
February 7, 2012

In accordance with paragraph 2 of Part Seven of the Protocol to the Treaty between the United States of America and the Russian Federation on Measures for the Further Reduction and Limitation of Strategic Offensive Arms of April 8, 2010, the Delegation of the United States of America to the Bilateral Consultative Commission and the Delegation of the Russian Federation to the Bilateral Consultative Commission decided that the Parties would exchange, in 2012, telemetric information on one launch of an ICBM or SLBM conducted by each Party during the period from February 5, 2011, to December 31, 2011.

Commissioner of
the United States of America to
the Bilateral Consultative
Commission

John M. Ordway

Commissioner of
the Russian Federation to
the Bilateral Consultative
Commission

Vladimir L. Leontyev

NASA Calls for New Commercial Crew Proposals

Tue, 07 Feb 2012 22:22:09 +0000

NASA Calls for New Commercial Crew Proposals

PR Newswire

WASHINGTON, Feb. 7, 2012 /PRNewswire-USNewswire/ -- As part of NASA's ongoing efforts to foster development of a U.S. commercial crew space transportation capability to and from low Earth orbit and the International Space Station, NASA has issued a call for industry to submit proposals for the Commercial Crew Integrated Capability Initiative.

(Logo: http://photos.prnewswire.com/prnh/20081007/38461LOGO)

It's expected that proposals will lead to Space Act Agreements that will help NASA and the U.S. achieve safe, reliable, and cost effective human access to space. NASA expects to make multiple awards this summer, with values ranging from $300 - $500 million.

To provide industry a better understanding of this initiative so that they may provide more comprehensive proposals, NASA plans a pre-proposal conference on Feb. 14, at the Courtyard Marriott in Cocoa Beach, Fla. Proposals are due March 23.

"President Obama is working hard to create an American economy built to last," NASA Administrator Charles Bolden said. "NASA's support of commercial innovation to reach low Earth orbit is helping to support these efforts by spurring new technological development and creating jobs and economic benefits for years to come."

NASA's announcement asks industry to propose a base period of approximately 21 months, running from award through May 2014. The goals of the base period include completing the design of a fully integrated commercial crew transportation system, which consists of the spacecraft, launch vehicle, ground operations, and mission control. In addition, NASA is asking for the proposals to contain optional milestones beyond the base period leading to and culminating in a crewed orbital demonstration flight.

For more information on the announcement and pre-proposal conference, visit:

http://commercialcrew.nasa.gov/index.cfm

For more information about NASA's commercial exploration program, visit:

http://www.nasa.gov/commercialcrew

SOURCE NASA

ESCO Announces First Quarter 2012 Results

Tue, 07 Feb 2012 21:00:00 +0000

ESCO Announces First Quarter 2012 Results

PR Newswire

ST. LOUIS, Feb. 7, 2012 /PRNewswire/ -- ESCO Technologies Inc. (NYSE: ESE) today reported its operating results for the first quarter ended December 31, 2011.

Chairman's Commentary

Vic Richey, Chairman and Chief Executive Officer, commented, "First quarter sales, EBIT and EPS all exceeded our original projections anticipated at the start of the year. The most satisfying aspect of the quarter was the significant volume of entered orders across all three segments and the resulting $51 million increase in backlog. The $33 million SoCalGas order, the additional PG&E gas business, and the better-than-expected COOP orders certainly were highlights of the quarter.

"While it was disappointing that we used cash in the quarter, it was primarily timing-related, as a few large customer payments expected in late December weren't received until the first week of January. We are on track with our cash flow projections year-to-date.

"With the PG&E gas, New York City water, and CFE (Mexico) projects winding down throughout 2011, coupled with the incremental SG&A investments we are making, we fully expected first quarter sales and EPS to be lower than the prior year. In spite of the wind-down from these three large contracts, we nearly overcame this headwind with strong sales in Filtration, Test and at Doble.

"Filtration had an exceptional quarter and is nearing a 20 percent EBIT margin, and Doble continues to outperform our expectations coming in with an EBIT margin of nearly 24 percent, in spite of the additional investments in SG&A. I continue to be excited about our prospects for 2012 and remain convinced that our three-segment strategy is the appropriate course of action, and I believe that our first quarter results validate this approach."

First Quarter 2012 Highlights

Entered orders were $204 million, resulting in a book-to-bill ratio of 1.33x and a firm order backlog of $394 million (increased $51 million) at December 31, 2011;
Book-to-bill ratios were: Filtration 1.12x, Test 1.16x, and USG 1.56x;
Utility Solutions Group (USG) orders were $110 million, and included: $33 million from Southern California Gas Co. (SoCalGas) bringing project-to-date orders to $53 million; $6 million from PG&E gas for additional AMI hardware; and $32 million of additional COOP orders;
Filtration net sales were $43 million, an increase of $7 million, or 21 percent over Q1 2011 net sales of $36 million;
Test net sales were $39 million, an increase of $7 million, or 23 percent over Q1 2011 net sales of $32 million;
USG net sales were $70 million, a decrease of $22 million, or 24 percent, compared to Q1 2011 net sales of $92 million;
Within USG, Aclara's net sales decreased $23 million compared to Q1 2011 due to lower volumes at PG&E gas, New York City water, and CFE in Mexico, partially offset by an increase of $7 million, or 42 percent, in COOP sales;
Also within USG, Doble Q1 2012 sales increased five percent from Q1 2011 to $28 million;
Consolidated net sales were $153 million, a decrease of $7 million, or 4 percent, compared to $160 million in Q1 2011 primarily due to Aclara as noted above;
SG&A increased $5 million in Q1 2012 compared to Q1 2011 due to the Test business acquisition (EMV-Germany) included in Q1 2012; increased new product development (NPD) costs in Filtration for additional Space product applications and additional content on Airbus platforms; additional NPD costs incurred at Aclara for new Smart Grid applications and advanced networking capabilities; and additional sales, marketing and engineering costs related to new products and new global market expansion initiatives; and
Q1 2012 EPS was $0.19 per share, compared to $0.40 in Q1 2011.

Business Outlook

Statements contained in the preceding and following paragraphs are based on current expectations. Statements that are not strictly historical are considered forward-looking, and actual results may differ materially.

Dividend Payment

The next quarterly cash dividend of $0.08 per share will be paid on April 20 to stockholders of record on April 6.

Fiscal Years 2012 / 2013

Consistent with the Outlook communicated in the November 8, 2011 earnings release, Management's expectations for fiscal years 2012 and 2013 include the following assumptions:

Sales are expected to increase in the low- to mid-single digits in 2012 and are expected to increase more than 15 percent in 2013 over 2012.
The 2012 sales growth is muted by a $40 million sales decrease at PG&E and New York City since the projects are nearly completed, partially offset by initial sales at SoCalGas, reflecting the initial deployment of network infrastructure and software.
The significant sales growth expected in 2013 will be driven by Aclara (SoCalGas metering endpoint ramp-up and higher international sales) and Doble (new and enhanced products and solutions, and incremental international sales).
EPS is expected to grow approximately 5 to 10 percent in fiscal 2012, and is expected to increase more than 25 percent in 2013 over 2012.
The 2012 EPS growth is impacted by lower PG&E and New York City sales and the initial deployment of lower-margin network infrastructure and software related to SoCalGas.
The anticipated 2013 EPS growth reflects the significant sales and profit contributions of Aclara and Doble, as well as reasonable profit growth expected from Filtration and Test.
The 2012 effective tax rate is expected to be between 33 and 35 percent.
On a quarterly basis, Management expects 2012 revenues and EPS to be more second half weighted than the quarterly profile reported in fiscal 2011.

Chairman's Commentary – 2012 / 2013

Mr. Richey concluded, "After reviewing our current operating plans for the remainder of the year, I remain confident about our 2012 sales and EPS outlook. Additionally, we remain fully committed to our previous expectations of significant sales and EPS growth for 2013 and beyond. I am enthusiastic about our future as I see meaningful growth opportunities across all three segments.

"My perspective remains the same as in November: We expect our near-term growth projections to be led by the largest AMI gas project in North America, supplemented by our international opportunities at Aclara and Doble, and complemented by our expected domestic growth across all three operating segments.

"Our commitment remains the same − to achieve our long-term goal of increasing shareholder value."

Conference Call

The Company will host a conference call today, February 7, at 4 p.m. Central Time, to discuss the Company's first quarter fiscal 2012 operating results. A live audio webcast will be available on the Company's website at www.escotechnologies.com. Please access the website at least 15 minutes prior to the call to register, download and install any necessary audio software. A replay of the conference call will be available for seven days on the Company's website noted above or by phone (dial 1-888-203-1112 and enter the pass code 6392450).

Forward-Looking Statements

Statements in this press release regarding the amount and timing of the Company's expected 2012 and beyond revenues, EPS, sales, orders, cash flow, investments, the size and success of the SoCalGas AMI project, the size, number and timing of growth opportunities in the future, success in capturing international and domestic opportunities, development and success of new products and technologies, the long-term success of the Company, and any other statements which are not strictly historical are "forward-looking" statements within the meaning of the safe harbor provisions of the federal securities laws. Investors are cautioned that such statements are only predictions and speak only as of the date of this release, and the Company undertakes no duty to update. The Company's actual results in the future may differ materially from those projected in the forward-looking statements due to risks and uncertainties that exist in the Company's operations and business environment including, but not limited to: the risk factors described in Item 1A of the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2011; changes in requirements of SoCalGas; SoCalGas' ability to successfully negotiate appropriate terms and conditions with other subcontractors and project participants; the performance of SoCalGas employees, vendors and other participants in connection with project responsibilities; the Company's successful performance of the SoCalGas agreement; financial constraints impacting SoCalGas; the receipt of necessary regulatory approvals pertaining to the SoCalGas project; the impact that recent flooding in Thailand may have on the availability of components utilized by Aclara; the success of the Company's competitors; changes in federal or state energy laws; the Company's successful performance of its AMI contracts; site readiness issues with Test segment customers; weakening of economic conditions in served markets; changes in customer demands or customer insolvencies; competition; intellectual property rights; technical difficulties; unforeseen charges impacting corporate operating expenses; the performance of the Company's international operations; material changes in the costs and availability of certain raw materials including steel and copper; worldwide availability of electronic components; termination for convenience of customer contracts; timing and magnitude of future contract awards; containment of engineering and development costs; performance issues with key customers, suppliers and subcontractors; labor disputes; changes in laws and regulations, including but not limited to changes in accounting standards and taxation requirements; costs relating to environmental matters; uncertainty of disputes in litigation or arbitration; and the Company's successful execution of internal operating plans.

Non-GAAP Financial Measures

The financial measures EBIT and EBIT margin are presented in this press release. The Company defines EBIT as earnings before interest and taxes from continuing operations, and EBIT margin as a percent of net sales. EBIT and EBIT margin are not recognized in accordance with U.S. generally accepted accounting principles (GAAP). However, management believes that EBIT and EBIT margin are useful in assessing the operational profitability of the Company's business segments because they exclude interest and taxes, which are generally accounted for across the entire Company on a consolidated basis. EBIT is also one of the measures used by management in determining resource allocations within the Company as well as incentive compensation. The Company believes that the presentation of EBIT and EBIT margin provides important supplemental to investors by facilitating comparisons with other companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. The use of non-GAAP financial measures is not intended to replace any measures of performance determined in accordance with GAAP.

ESCO, headquartered in St. Louis, is a proven supplier of special purpose utility solutions for electric, gas, and water utilities, including hardware and software to support advanced metering applications and fully automated intelligent instrumentation. In addition, the Company provides engineered filtration products to the aviation, space, and process markets worldwide and is the industry leader in RF shielding and EMC test products. Further information regarding ESCO and its subsidiaries is available on the Company's website at www.escotechnologies.com.

ESCO TECHNOLOGIES INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Operations

(Unaudited)

(Dollars in thousands, except per share amounts)

Three Months Ended
December 31, 2011

Three Months Ended
December 31, 2010

Net Sales

152,925

159,936

Cost and Expenses:

Cost of sales

92,721

97,483

Selling, general and administrative expenses

48,690

43,645

Amortization of intangible assets

3,153

2,853

Interest expense

491

774

Other (income) expenses, net

(472)

(618)

Total costs and expenses

144,583

144,137

Earnings before income taxes

8,342

15,799

Income taxes

3,135

4,986

Net earnings

5,207

10,813

Earnings per share:

Basic

Net earnings

0.20

0.41

Diluted

Net earnings

0.19

0.40

Average common shares O/S:

Basic

26,671

26,540

Diluted

26,857

26,816

ESCO TECHNOLOGIES INC. AND SUBSIDIARIES

Condensed Business Segment Information

(Unaudited)

(Dollars in thousands)

Three Months Ended
December 31,

2011

2010

Net Sales

Utility Solutions Group

70,349

92,189

Test

39,354

32,004

Filtration

43,222

35,743

Totals

152,925

159,936

EBIT

Utility Solutions Group

4,966

15,355

Test

1,947

1,909

Filtration

8,236

5,475

Corporate

(6,316)

(1)

(6,166)

(1)

Consolidated EBIT

8,833

16,573

Less: Interest expense

(491)

(774)

Earnings before income taxes

8,342

15,799

Note: Depreciation and amortization expense was $6.0 million and $5.5 million for the quarters

ended December 31, 2011 and 2010, respectively.

(1)

Includes $1.2 million of amortization of acquired intangible assets.

ESCO TECHNOLOGIES INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(Unaudited)
(Dollars in thousands)

				December 31, 2011	September 30, 2011

Assets
	Cash and cash equivalents		$	28,626	34,158
	Accounts receivable, net			127,077	144,083
	Costs and estimated earnings on
		long-term contracts		14,545	12,974
	Inventories			107,303	96,986
	Current portion of deferred tax assets			20,558	20,630
	Other current assets			20,047	19,523
		Total current assets		318,156	328,354

	Property, plant and equipment, net			73,079	73,067
	Intangible assets, net			231,291	231,848
	Goodwill			361,436	361,864
	Other assets			15,965	16,704
			$	999,927	1,011,837

Liabilities and Shareholders' Equity

	Short-term borrowings and current maturities
		of long-term debt	$	129,646	50,000
	Accounts payable			44,680	54,037
	Current portion of deferred revenue			19,891	24,499
	Other current liabilities			70,712	77,301
		Total current liabilities		264,929	205,837
	Deferred tax liabilities			86,361	85,313
	Other liabilities			46,051	44,977
	Long-term debt			-	75,000
	Shareholders' equity			602,586	600,710
			$	999,927	1,011,837

ESCO TECHNOLOGIES INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(Dollars in thousands)

		Three Months Ended December 31, 2011
Cash flows from operating activities:
Net earnings	$	5,207
Adjustments to reconcile net earnings
to net cash used by operating activities:
Depreciation and amortization		6,014
Stock compensation expense		1,139
Changes in current assets and liabilities		(11,240)
Effect of deferred taxes		1,120
Change in deferred revenue and costs, net		(2,359)
Pension contributions		(610)
Other		211
Net cash used by operating activities		(518)

Cash flows from investing activities:
Capital expenditures		(3,087)
Additions to capitalized software		(2,946)
Net cash used by investing activities		(6,033)

Cash flows from financing activities:
Proceeds from debt revolver		21,646
Principal payments on debt revolver		(17,000)
Dividends paid		(2,134)
Other		63
Net cash provided by financing activities		2,575

Effect of exchange rate changes on cash and cash equivalents		(1,556)

Net decrease in cash and cash equivalents		(5,532)
Cash and cash equivalents, beginning of period		34,158
Cash and cash equivalents, end of period	$	28,626

ESCO TECHNOLOGIES INC. AND SUBSIDIARIES

Other Selected Financial Data

(Unaudited)

(Dollars in thousands)

Backlog And Entered Orders - Q1 FY 2012

Utility Solutions

Test

Filtration

Total

Beginning Backlog - 10/1/11

125,352

86,856

130,865

343,073

Entered Orders

109,697

45,615

48,432

203,744

Sales

(70,349)

(39,354)

(43,222)

(152,925)

Ending Backlog - 12/31/11

164,700

93,117

136,075

393,892

SOURCE ESCO Technologies Inc.

NASA Officials Participate in 2nd Annual White House Science Fair

Tue, 07 Feb 2012 20:38:38 +0000

NASA Officials Participate in 2nd Annual White House Science Fair

PR Newswire

WASHINGTON, Feb. 7, 2012 /PRNewswire-USNewswire/ -- NASA Administrator Charles Bolden and other senior agency officials joined President Obama in honoring student science fair winners from across the country at the second annual White House Science Fair today in the East Wing of the White House. The event highlighted student achievement and excellence in science, technology, engineering and mathematics, or STEM.

(Logo: http://photos.prnewswire.com/prnh/20081007/38461LOGO)

In November 2009, the president announced his "Educate to Innovate" campaign and emphasized the importance of encouraging students to pursue STEM studies and careers. NASA has developed a wide variety of education programs that use the inherent excitement of space exploration and science to inspire students and generate interest in STEM.

"Programs like this science fair help students develop critical skills and get hands-on experience that will serve them and our nation well in the future," Bolden said. "These talented students are tomorrow's science leaders, and their skills will be critical to helping us make an American economy built to last."

Joining Bolden at the event were NASA's Associate Administrator for Education Leland Melvin and Associate Administrator for Science John Grunsfeld. Both Melvin and Grunsfeld also are veteran space shuttle astronauts who frequently use their flight experiences as catalysts for engaging students' interest in space and science. NASA Chief Technologist, Mason Peck, NASA Chief Scientist Waleed Abdalati, and Paul Hertz, chief scientist for the agency's Science Mission Directorate, also attended the fair and met with student honorees.

Among the winning science experiments displayed at the White House today were two that related directly to NASA's mission, including entries from a girls' rocket team and a FIRST Robotics alliance.

The "Young Women Rocketing to Nationals" team featured Janet and Ana Karen Nieto of Presidio, Texas, who are members of the Presidio High School Rocketry Team that competed as a national finalist in the Team America Rocketry Challenge in 2009, 2010, and 2011. Gwynelle Condino, a 7th grade student at Lucy Franco Middle School in Presidio, is the team's leader this year.

"A Winning Robotics Alliance, with Astronauts Cheering Them On" team was comprised of John Drake of Schaumburg, Ill., Sean Murphy of Atascadero, Calif., and Eric Bakan of San Jose, Calif. They represented the winning alliance of the 2011 FIRST Robotics Competition Championship and were mentored by engineers at NASA's Ames Research Center in Moffett Field, Calif.

Two other NASA-related education programs also were represented at today's event.

Global Learning and Observations to Benefit the Environment (GLOBE), is a hands-on, primary and secondary school-based science and education program where students, teachers and scientists worldwide collaborate on investigations of the environment and the Earth system. Participants work in close partnership with NASA and other federal agencies.

The Student Spaceflight Experiments Program (SSEP) was launched in June 2010 by the National Center for Earth and Space Science Education, in partnership with NanoRacks, LLC. Student teams in grades 5-12 propose microgravity experiments for flight in a research minilab that may be flown to the International Space Station. SSEP is enabled through a space act agreement as part of the International Space Station's use as a National Laboratory.

To learn more about NASA's education programs, visit:

http://www.nasa.gov/education

To learn more about NASA's science missions, visit:

http://www.science.nasa.gov

SOURCE NASA

Student Rocket-Builders Join Top STEM leaders at White House Science Fair

Tue, 07 Feb 2012 20:24:46 +0000

Student Rocket-Builders Join Top STEM leaders at White House Science Fair

PR Newswire

Participants in world's largest rocket contest showcase designs for President Obama

ARLINGTON, Va., Feb. 7, 2012 /PRNewswire-USNewswire/ -- President Obama highlighted the efforts of team members, teachers and parents from a Presidio, Texas, school that worked to raise funds to participate in the Team America Rocketry Challenge (TARC) contest in remarks at the second White House Science Fair. Lauding the initiative and creativity of all the students at the fair, the president mentioned that the Presidio High School team, from one of the poorest school districts in Texas, had even sold a goat as part of its fundraising efforts. The fair celebrates student winners from a broad range of Science, Technology, Engineering and Mathematics (STEM) competitions from across the country.

Gwynelle Condino, Ana Karen Nieto and Janet Nieto from Presidio High School along with Landon Fisher, national 2011 champion from Rockwall-Heath High School, had their rockets in hand to show President Obama what was required to build a rocket to meet the demanding specifications of the Team America Rocketry Challenge.

"We are so pleased TARC students have the opportunity to exhibit their great work alongside some of the country's most talented young minds in STEM," said Marion C. Blakey, president and CEO of the Aerospace Industries Association, TARC's primary sponsor. "I know the kids were thrilled to get the recognition from the president. From our perspective, the science fair aligns directly with our goals to create a workforce development model for our industry and other related sectors."

As part of the 2012 competition, TARC teams must design and build a rocket carrying a two-egg payload to 800 feet and back during a 43- to 47-second flight without cracking the eggs. A strict limit on liftoff weight forces students to focus on designing the payload bay while building a lighter, stronger rocket. The top 100 teams will advance to the National Finals on May 12 at Great Meadow in The Plains, Va.

Sponsored by the Aerospace Industries Association, the National Association of Rocketry and more than 30 industry partners, TARC aims to inspire middle and high school students to pursue further study and careers in STEM. To date, more than 50,000 students have participated in the event. This year marks the competition's 10th anniversary and features 700 teams from 48 states, the District of Columbia and the Virgin Islands.

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Founded in 1919 shortly after the birth of flight, the Aerospace Industries Association is the most authoritative and influential trade association representing the nation's leading manufacturers and suppliers of civil, military and business aircraft, helicopters, unmanned aircraft systems, space systems, aircraft engines, homeland and cybersecurity systems, materiel and related components, equipment services and information technology.

SOURCE Aerospace Industries Association

Astronaut Janice Voss Dies

Tue, 07 Feb 2012 20:13:55 +0000

Astronaut Janice Voss Dies

PR Newswire

HOUSTON, Feb. 7, 2012 /PRNewswire-USNewswire/ -- NASA astronaut Janice Voss passed away from cancer overnight after a courageous battle. One of only six women who have flown in space five times, Voss' career was highlighted by her work and dedication to scientific payloads and exploration.

(Logo: http://photos.prnewswire.com/prnh/20081007/38461LOGO)

"As the payload commander of two space shuttle missions, Janice was responsible for paving the way for experiments that we now perform on a daily basis on the International Space Station," said Peggy Whitson, chief of the Astronaut Office. "By improving the way scientists are able to analyze their data, and establishing the experimental methods and hardware necessary to perform these unique experiments, Janice and her crew ensured that our space station would be the site of discoveries that we haven't even imagined."

"During the last few years, Janice continued to lead our office's efforts to provide the best possible procedures to crews operating experiments on the station today," Whitson added. "Even more than Janice's professional contributions, we will miss her positive outlook on the world and her determination to make all things better."

Voss began her career with NASA in 1973 while a student at Purdue University. She returned to NASA in 1977 to work as an instructor, teaching entry guidance and navigation to space shuttle crews. After completing her doctorate in 1987, she worked within the aerospace industry until she was selected as an astronaut in 1990.

Voss' first spaceflight mission was STS-57 in 1993, the first flight of the Spacehab module. She next flew on STS-63 in 1995, a mission to the Mir space station, and third flight of Spacehab. She also flew as a payload commander on STS-83 in 1997 with the Microgravity Science Laboratory, but the mission was cut short due to problems with one of the orbiter's three fuel power generation units. Voss, the crew and MSL flew again as the STS-94 MSL-1 Spacelab mission, focused on materials and combustion science research in microgravity.

Her last mission was STS-99 in 2000, a flight to the International Space Station as part of the Shuttle Radar Topography Mission which mapped more than 47 million square miles of the Earth's land surface. In total, Voss spent more than 49 days in space.

From 2004 to 2007, Voss served as the science director for the Kepler spacecraft at NASA's Ames Research Center. Voss most recently served as the payloads lead of the Astronaut Office's Station Branch.

For Voss' complete biography, please visit:

http://www.jsc.nasa.gov/Bios/htmlbios/voss-jan.html

SOURCE NASA

SAE International 2012 World Congress Career Fair Offers Employment Opportunities for Engineers, Recruiting for Employers

Tue, 07 Feb 2012 19:31:33 +0000

SAE International 2012 World Congress Career Fair Offers Employment Opportunities for Engineers, Recruiting for Employers

PR Newswire

DETROIT, Feb. 7, 2012 /PRNewswire-USNewswire/ -- Companies seeking automotive engineering professionals will be able to meet with prospective candidates at the SAE 2012 World Congress Career Fair in Detroit.

The Career Fair will be held April 24-25 at Cobo Center in the lobby in front of Detroit Hall from 10 a.m. - 6 p.m.

The SAE World Congress is the industry's premiere conference for mobility engineers, offering the latest in cutting edge engineering technology. It also offers a chance for job seekers to network with an array of potential of employers from around the country. The host company for the SAE 2012 World Congress is Nissan; the tier one strategic partner is GE.

The SAE International Career Fair provides unique opportunities for engineers and professionals to explore available jobs, network with recruiters, and learn valuable career tips.

While visiting the Career Fair, job seekers can:

Browse open positions – both onsite and online
Attend a Career Development Session for career skills on Wednesday, April 25 from 1-4 p.m.
Attend a free Resume Clinic where mobility industry experts will critique resumes on Wednesday, April 25 from 10 a.m.-12 p.m.

For companies, the event presents an opportunity to find talented job seekers that can fulfill a company's unique project needs. The diversity of the SAE World Congress will mean that job seekers will come from an array of backgrounds in regards to technological skill sets and experience.

For more information on career opportunities in the mobility industry or for a list of exhibitors, please visit the SAE International Career Center online at http://www.sae.org/congress/specialevents/career.htm.

To reserve a Career Fair booth, contact Martha Schanno, SAE International Recruitment Sales Manager, at 1-724-772-7155 or email mschanno@sae.org. For more information on the SAE 2012 World Congress and/or to obtain press credentials, send your request to pr@sae.org or call 1-724-772-8522.

SAE International is a global association of more than 134,000 engineers and related technical experts in the aerospace, automotive and commercial-vehicle industries. SAE International's core competencies are life-long learning and voluntary consensus standards development. SAE International's charitable arm is the SAE Foundation, which supports many programs, including A World In Motion® and the Collegiate Design Series.

- www.sae.org -

Contact: Shawn Andreassi of SAE International, 1-724-772-8522 or pr@sae.org

SOURCE SAE International

Precision Aviation Group (PAG) Completes All Metal Maintenance Stand Distributor Agreement

Tue, 07 Feb 2012 19:30:00 +0000

Precision Aviation Group (PAG) Completes All Metal Maintenance Stand Distributor Agreement

PR Newswire

ATLANTA, Feb. 7, 2012 /PRNewswire/ -- Atlanta-based Precision Aviation Group (PAG), a leading provider of products and value-added services to the Worldwide Aerospace and Defense industries has completed a distribution agreement with Las Vegas, NV-based All Metal Maintenance Stands, a global leader in the development and manufacturing of safety first custom maintenance stands, maintenance support equipment and hangar equipment.

(Logo: http://photos.prnewswire.com/prnh/20110921/CL72507LOGO )

With this agreement, all six PAG companies, Precision Accessories & Instruments (PAI), Precision Heliparts (PHP), Gardner Aviation Services (GAS), Precision Heliparts-Canada, Precision Accessories & Instruments (PAI-C) and Aero Technology, Inc (ATI) have added All Metal Maintenance Stands to its growing list of products and services in support of rotorcraft and fixed-wing platforms.

"We are pleased to add All Metal Maintenance Stands as a valued partner to our business," said Ketan Desai, PAG Vice President, Sales & Marketing. "We have been selling All Metal Maintenance Stands since 2009 and we have the highest regard for their products and they offer the rare combination of superior quality and great pricing for an unbeatable value - which complements PAG's existing products and services."

"We are excited to add PAG as a valued partner in the distribution of our aircraft maintenance stands, maintenance support equipment and hangar equipment," said John Buscema, All Metal President and CEO. "All Metal Maintenance Stands will benefit from PAG's sizeable network, making our superior safety first products available to the aerospace and defense industry for fixed and rotary-wing aircraft. PAG will benefit by expanding their product line to include our outstanding series of useful safety first line of products."

About Precision Aviation Group: PAG is a leading provider of products and value-added services to the Worldwide Aerospace and Defense industry. With 150,000 square feet of sales/service facilities in the United States and Canada, PAG uses its distinct business units and customer focused business model to serve aviation customers through two business functions - Aviation Supply Chain and its trademarked Inventory Supported Maintenance, Repair and Overhaul - ISMRO®.

PAG provides MRO and Supply Chain services for Fixed and Rotary-wing aircraft through Precision Heliparts - PHP (www.heliparts.com), Gardner Aviation Services - GAS (www.gardneraviation.com), Precision Accessories & Instruments - PAI (www.precisionaccessories.com), Precision Heliparts Canada - PHP-C (www.heliparts.ca), Precision Accessories & Instruments Canada - PAI-C (www.pai-canada.com), and Aero Technology - ATI (www.aerotechnology.org). PAG has MRO capabilities on over 10,000 products, including Accessories, Avionics, Hydraulics, Instruments, NDT, Starter/Generators, and Wheels/Brakes - (www.precisionaviationgroup.com).

About All Metal Maintenance Stands: All Metal MS has been providing high quality maintenance stands to the aviation industry for more than a decade. All Metal MS specializes in the innovative design and manufacturing of safety first aircraft maintenance stands, maintenance support equipment and hangar equipment for all Helicopter applications, and focuses on working with customers to design customized products that enhance and improve aircraft maintenance. All Metal MS is an innovator in the production of quality safety first aircraft maintenance stands, improving safety and enhancing maintenance effectiveness. All Metal MS custom safety first aircraft maintenance stands, maintenance support equipment and hangar equipment are sought after and tested by aircraft mechanics worldwide. All Metal MS is a global leader in safety first maintenance technology. www.maintenancestands.com

SOURCE Precision Aviation Group

Gibbs Amphibians Introduces Phibian and Humdinga High Speed Amphitrucks

Tue, 07 Feb 2012 19:29:04 +0000

Gibbs Amphibians Introduces Phibian and Humdinga High Speed Amphitrucks

PR Newswire

WASHINGTON, Feb. 7, 2012 /PRNewswire/ --

Designed and engineered for multiple transport, first responder and military applications
Phibian features large load capacity and off-road capability
Humdinga is designed for light-duty patrol with rapid-response capability
Quickly reconfigurable for cargo and passenger-carrying operations
Eliminates the need for separate boats and tow vehicles and trailers
Can be specially adapted to customers' specifications
Potential to grow technology and manufacturing jobs in the U.S.

(Photo: http://photos.prnewswire.com/prnh/20120207/CG49242)

Gibbs Amphibians introduced the Phibian today at an event preceding the American Society of Naval Engineers (ASNE) annual conference. Equipped with Gibbs Amphibians' proprietary High Speed Amphibian (HSA) technology, Phibian joins Humdinga in the Gibbs Amphibians commercial portfolio, two new amphitrucks capable of many uses, including military and rescue roles.

Phibian and Humdinga feature Gibbs' proprietary High Speed Amphibian (HSA) technology, which incorporates many technological breakthroughs in suspension, water propulsion and wheel-retraction design. The water-jet propulsion system enables safe operation in shallow water yet provides the high levels of thrust necessary to achieve planing speeds within seconds. A patented retracting suspension system provides exceptional ride-and-handling on the road, but in the water retracts wheels in seconds to reduce hull drag in marine use.

Phibian is an entirely new type of amphibious truck. Constructed primarily of carbon fiber, it is a multi-mode, multi-mission, high-speed amphibian that offers off-road capability on land. When Phibian transitions from land to water, the wheels retract and its dual jet propulsion provides water performance equal to that of purpose-built patrol and rescue boats.

"Phibian and Humdinga deliver a revolutionary and highly effective solution to the growing demands placed on today's transport, first responder and military communities," said Gibbs' Chairman, Neil Jenkins.

"Natural disasters in recent memory, such as the earthquake and tsunamis in Japan, Thailand, Sri Lanka and elsewhere in Asia; as well as the devastation of Hurricane Katrina in New Orleans, illustrate the need for amphibians as capable, versatile and efficient as Phibian and Humdinga," Jenkins said.

Phibian is capable of traveling at highway speeds on land and in excess of 30 mph on water. It seamlessly makes its land-to-water transition in less than 10 seconds with the simple push of a button.

Humdinga is a smaller vehicle created specifically to deal with remote and difficult terrain.

Gibbs has been developing its HSA technology since 1997. It represents an investment of more than $200 million and more than two million hours of engineering. Gibbs' HSA technology can be applied to amphibians of all sizes – from 800 pounds to 10 tons. It solves the persistent challenges of land-sea borders around the world, such as beachhead landings or crossing waterways and lakes.

Phibian and Humdinga versatility and capability attributes include:

Highway-capable speed
On-plane water performance in excess of 30 mph
Replace need for separate boats and tow vehicles.

In addition to first responder and humanitarian uses, Phibian and Humdinga also have the potential to provide military units with specialized capabilities as well as many general transport applications.

Both amphibians will be offered as a base model that can be configured for customer requirements. Factory-installed options are being developed and may include for the Phibian:

Fully enclosed, stand-up cabin with integrated radar arch
Rear radar arch
Canvas T-top over cockpit and extended canvas over cargo area
Two or three crew seats with integrated restraints
Passenger seating for 12 in cargo area
Right- and left-hand side doors with full NATO pallet size access
Tailgate and winch
Anchor with electric windlass
U.S. Coast Guard-required equipment for passenger use
Heater and air conditioner
Chemical toilet with stowable privacy enclosure
Custom exterior treatments

Phibian and Humdinga are just two of several amphibians Gibbs has developed. Others include:

Aquada: The world's first amphibian to feature Gibbs' High Speed Amphibian technology, Aquada is capable of speeds of more than 100 mph on land and in excess of 30 mph on water. The Aquada was designed from the ground up to perform in both land and marine modes, with over 100 patents covering technical innovations. In 2004, Virgin Group owner Richard Branson used a Gibbs Aquada to set a new record for crossing the English Channel in an amphibian. Branson set a new record of 1 hour 40 minutes, smashing the previous, 30-year-old record by more than 4 hours.

Quadski: The first-generation Quadski was demonstrated in 2006, and is capable of off-highway operation and marine operation. It is the first personal off-highway amphibian to feature HSA technology, and makes a seamless transition between land and water. An advanced Quadski will be introduced this year.

Gibbs Amphibians is the world's leading developer of High Speed Amphibian (HSA) technology platforms for consumer, commercial, humanitarian and military use. It was founded by New Zealand entrepreneur Alan Gibbs in 1996 and Neil Jenkins joined him as a partner in 1999. Since its formation, Gibbs Amphibians has led the world in researching and developing the concept of HSA technology, and has patented more than 100 inventions relating to the technology. Additional information about Gibbs, HSA technology and licensing opportunities is available at www.gibbstech.com.

Contact:

Kelly Kolhagen
MSL Detroit
248-425-6681
kelly.kolhagen@mslgroup.com

Chris Kourtakis
Gibbs Amphibians
248-890-1116
ckourtakis@gibbstech.com

Media may also visit www.gibbstech.com and click on the Media tab.

PHIBIAN SPECIFICATIONS

Engine / Propulsion

Type:	twin turbo diesels (land) with twin jet drives (water)
Horsepower (hp / kW):	500 / 368
Water speed (mph):	more than 30

Suspension

	coil over springs and dampers
Drive layout (land):	FWD or RWD, selectable 4WD
Steering type:	power-assisted hydraulic

Brakes

Type:

hydraulically operated disc brakes

Wheels and tires

275/80R20 MPT

Dimensions

Overall length (ft / mm):	30.22 / 9212
Overall width: (ft / mm):	8.3 / 2532
Overall height: (ft / mm):	11.98 / 3654
Track width (ft / mm):	6.95 / 2120
Wheelbase (ft / mm):	20.63 / 6289
Approach angle (degrees):	30
Departure angle (degrees):	28
Ground clearance (in / mm):	16 / 353

Capacities

Occupants:	three crew, 12 passengers
Curb weight (lb / kg base):	4500
Payload (lb / kg):	3307 / 1500

HUMDINGA SPECIFICATIONS

Engine / Propulsion

Type:	supercharged V8
Horsepower (hp / kW):	350 / 261

Suspension / Brakes

Drive layout (land):	permanent 4WD
Brakes:	disc

Dimensions

Overall length (ft / mm):	21.5 / 6553
Overall width: (ft / mm):	79 / 2000
Overall height: (ft / mm):	98 / 2500
Track width (ft / mm):	6.95 / 2120

Capacities

Curb weight (lb / kg base):	4960 / 2750
Occupants:	5-7 configurable
Payload (lb / kg):	1653 / 750
Gross vehicle weight (lb / kg):	6613 / 3500

SOURCE Gibbs Amphibians

Lockheed Martin Awarded JIEDDO OPS Services Contract

Tue, 07 Feb 2012 19:00:00 +0000

Lockheed Martin Awarded JIEDDO OPS Services Contract

Efforts Support Deployed U.S. and Coalition Forces in Counter-IED Operations

PR Newswire

ELLICOTT CITY, Md., Feb. 7, 2012 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) has been competitively awarded one of five Operations Support (OPS) Services Indefinite Delivery Indefinite Quantity (IDIQ) contracts from the U.S. General Services Administration (GSA) Federal Systems Integration and Management Center (FEDSIM) in support of the Department of Defense's Joint Improvised Explosive Device Defeat Organization (JIEDDO). The anticipated period of performance is two years with three optional one year periods and an estimated cost ceiling of $900 million.

(Logo: http://photos.prnewswire.com/prnh/20110419/PH85737LOGO-b )

"Lockheed Martin is proud to continue our dedication to the JIEDDO mission, deploying highly-qualified personnel to serve as critical enablers for the warfighter's operations to identify and defeat the enemy networks employing IEDs against us and our Allies," said Bob Kramer, Lockheed Martin IS&GS-Defense vice president for Operational Systems & Services. "We always remember that this work is about saving lives, it's in the forefront of what we do every day."

Through the contract's task orders, Lockheed Martin will provide in-theater and reach back support in four specialized categories that are critical to satisfying JIEDDO OPS' mission requirements to include: operations, analysis, combat support and IT support for the analytical team.

JIEDDO was established as a Deputy Secretary of Defense directed initiative with the mission to rapidly provide solutions to defeat the enemy's IED campaign, thus saving lives of service members fighting against insurgent networks that employ IEDs as a strategic weapon of choice.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 123,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2011 were $46.5 billion.

For additional information, visit our website: http://www.lockheedmartin.com

SOURCE Lockheed Martin

Lockheed Martin and Cleversafe Form Big Data Alliance for Secure, Distributed Storage

Tue, 07 Feb 2012 17:00:18 +0000

Lockheed Martin and Cleversafe Form Big Data Alliance for Secure, Distributed Storage

PR Newswire

HERNDON, Va., Feb. 7, 2012 /PRNewswire/ -- Lockheed Martin [NYSE: LMT] and Cleversafe, Inc. have formed a new technology alliance that will facilitate collaboration between the two companies to support a new level of storage capacity beyond traditional capabilities. These Secure, Distributed Storage Cloud offerings will enhance the performance of Active Archive, Data Security, Still Imagery, Full Motion Video (FMV), SharePoint Storage Enhancement, and Distributed Computing.

(Logo: http://photos.prnewswire.com/prnh/20110419/PH85737LOGO-b )

"Our Alliance allows Lockheed Martin and Cleversafe to deliver Mission On Demand™ Storage Clouds to our customers around the globe, meeting their growing need to store massive amounts of data being collected," said Bob Eastman, Vice President at Lockheed Martin's IS&GS-National Information Systems.

With the use of this Secure, Distributed Storage Cloud service, government entities will no longer need to purchase new infrastructure as their amount of critical intelligence data grows. They will also be able to exploit historical or previously perceived non-relevant data, making data collection more effective.

"Cleversafe's limitless data storage offering coupled with Lockheed Martin's dynamic Mission On Demand™ performance and technologies will provide intelligence, defense and civilian agencies with a limitless scale, cost-reducing, and secure storage-as-a-service solution," said Chris Gladwin, CEO of Cleversafe, Inc. "The ease of use and reduced total cost of ownership benefits of this alliance will enable those agencies to extract critical value from very large scale data systems, and at the same time protect those assets against any type of exposure," said Gladwin.

As part of the agreement, Lockheed Martin will provide Mission On Demand™ performance and technologies to integrate innovative Cleversafe capabilities into existing and future offerings. Cleversafe will provide specialized expertise, training, and support to optimize its solutions for mission-specific requirements and operations, and include Lockheed Martin in discussions with government customers.

About Lockheed Martin
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 123,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2011 were $46.5 billion. For additional information, visit our website: www.lockheedmartin.com.

About Cleversafe
Cleversafe has created a breakthrough technology that solves petabyte and beyond big data storage problems. This solution drives up to 90 percent of the storage cost out of the business while enabling secure and reliable global access and collaboration. The world's largest data repositories rely on Cleversafe. To learn more about Cleversafe and its solutions, please visit www.cleversafe.com.

SOURCE Lockheed Martin

NASA Spinoff 2011 Unveils Benefits of NASA Technologies on Earth

Tue, 07 Feb 2012 16:00:23 +0000

NASA Spinoff 2011 Unveils Benefits of NASA Technologies on Earth

PR Newswire

WASHINGTON, Feb. 7, 2012 /PRNewswire-USNewswire/ -- NASA's Spinoff 2011 publication, now available online, reveals how the space agency's ingenuity and partnerships have saved thousands of lives, generated billions of dollars, and created thousands of American jobs.

(Logo: http://photos.prnewswire.com/prnh/20081007/38461LOGO)

The latest edition of Spinoff records 44 journeys of NASA's most innovative technologies. It chronicles their origins in NASA missions and programs and their transfer to the public in the form of practical commercial products and benefits to society.

"This year's Spinoff demonstrates once again how through productive and innovative partnerships, NASA's aerospace research brings real returns to the American people in the form of tangible products, services and new jobs," NASA Administrator Charles Bolden said. "For 35 years, Spinoff has been the definitive resource for those who want to learn how space exploration benefits life on Earth."

NASA spinoffs have proven benefits in health and medicine, transportation, public safety, consumer goods, energy and the environment, information technology, and industrial productivity, stimulating the economy and creating new jobs and businesses.

In Spinoff 2011, readers can discover:

A new firefighting system, influenced by a NASA-derived rocket design that extinguishes fires more quickly than traditional systems, saving lives and property.
Software employing NASA-invented tools to help commercial airlines fly shorter routes and help save millions of gallons of fuel each year, reducing costs to airlines while benefiting the environment.
A fitness monitoring technology developed with the help of NASA expertise that, when fitted in a strap or shirt, can be used to measure and record vital signs. The technology is now in use to monitor the health of professional athletes and members of the armed services.
An emergency response software tool that can capture, analyze and combine data into maps, charts and other information essential to disaster managers responding to events such as wildfires, floods or earthquakes. This technology can save millions of dollars in losses from disasters and, more importantly, can help save lives when tragedy strikes.

This year's Spinoff includes a special section to celebrate the commercial technologies that resulted from NASA's 30-year Space Shuttle Program. Also featured are spinoffs that have come from the construction of the International Space Station and work aboard the orbiting outpost. An additional section discusses the potential benefits of NASA's future technology investments.

"NASA's Office of the Chief Technologist has more than a thousand projects underway that will create new knowledge and capabilities, enabling NASA's future missions," NASA Chief Technologist Mason Peck said. "As these investments mature, we can expect new, exciting spinoff technologies transferring from NASA to the marketplace, providing real returns on our investments in innovation."

Spinoff 2011 includes features about NASA's aeronautics and space research; award-winning technologies; diverse partnerships; and support for science, technology, engineering, and math education. The publication also provides reference and resource information about NASA.

Spinoff 2011 is available online at: http://spinoff.nasa.gov

An archive of Spinoff features and a searchable database of more than 1,750 NASA-derived technologies featured in past issues of the publication also are available at the Spinoff site.

To access an interactive feature about how NASA impacts your daily life, visit the NASA Home and City website at: http://www.nasa.gov/city

For more information about NASA's Office of the Chief Technologist, visit: http://www.nasa.gov/oct

SOURCE NASA