August 12, 2010 (FinancialWire) (Investrend Information Syndicate) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Northstar Electronics, Inc. (NEIK.OB), a company that specializes in engineering, systems integration and contract manufacturing for the aeronautics, defense and homeland security industries, issued a shareholder update on the company's activities yesterday.

The complete update is available on the company's website (at http://www.northstarelectronics.com/).

Northstar continues to await formal confirmation of a large add-on order from one of its major customers, as well as several smaller orders from existing and new customers, which, when received, should increase the company's backlog to over $16.5 million, according to Northstar. Northstar reports the company has also been invited to bid on what the company estimates to be another $16.6 million worth of contract work.

"Despite our recent public silence, which is due in part to seasonal factors, we are most optimistic about ongoing business developments at the company," said Dr. Wilson Russell, Northstar's CEO. "Although we haven't received the final paperwork, we have been advised in writing that new orders from our customers are in process. We are also working on some very exciting corporate initiatives that we will disclose to the public markets as soon as they are finalized. We are highly confident in meeting our short term goals, the first – continue to increase revenues, which have almost doubled this past two years, the second — increase our prospective contract pipeline, and the third – continue performance improvements to bring us to profitability. This is a dynamic growth period for Northstar and we thank our loyal shareholders for their patience and support."

Northstar Electronics, Inc., through its subsidiaries, Northstar Network, Ltd., and Northstar Technical, Inc., provides engineering, systems integration, prototyping and production services to the defense, aerospace and Homeland Security industries.

Other FinancialWire(tm) news about Northstar is accessible via The FinancialWire(tm) search function (at http://www.financialwire.net/?s=neiktcb); Independent research on Northstar by Prime Equity Research is available via Investrend Syndications (at http://www.investrend.com/synd0005), and official information and company filings from Northstar are accessible via the SEC website (at http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001082027).

Equity research on any public company is available through the Shareholders Research Alliance (go to http://www.investrend.com/synd0004 for more information).  Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://investrend.stocksmart.com/ss/html/hpcompany.html).  Current valuation analysis research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public other companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject entities, companies, equities, or representatives thereof, for its news, opinions or distributions. Further disclosure is posted at the FinancialWire(tm) website (at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Copyright © MMX, FinancialWire(tm); All rights reserved.

[ssryrsyr] [pltfrm] [neiktcb] [synd000X] [bsdarrgnmnt] [rsrchequty] [prmeqtytq] [synd0005] [ftrdnwswnd] [vtnrspcpsr] [ntrntnlcmpnsbsnss] [cndnexh] [elctrncsmcndctr] [smcndctr] [mcrprccr] [gvrnmnt] [prtnrshpsphs] [systmspprtrpys] [tchnlgy] [advnctchnlgy] [trnsprttrvl] [scrtytrcs] [mltryrtl]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.