Raytheon Gets $346M Missile Contract

Financial News USA - Press Release - 1004518


Raytheon Gets $346M Missile Contract and Northrop Grumman Presents Annual Quality Awards to Outstanding Suppliers and Subcontractors

City of Industry, CA --(www.FinancialNewsUSA.com)-- 03/16/2006 - Defense industry news provided by Financial News USA (OTC: FNWU) Raytheon Co. (NYSE: RTN), maker of defense and communication equipment, on Wednesday said it has received a $346 million contract with the U.S. and U.K Navy for its Tomahawk cruise missile. The order is the third installment of a multiyear contract which could be worth up to $1.6 billion. The fiscal 2006 production contract includes 473 missiles, including 65 submarine torpedo tube-launched type of Block IV Tomahawk. Northrop Grumman Corporation (NYSE: NOC) today honored 38 suppliers and 19 subcontractors for consistently demonstrating excellence in product quality, on-time delivery, competitive pricing and other value-added services.

U.S. BioDefense, Inc. (OTCBB: UBDE) recently attended the Cambridge Healthtech Institute's Thirteenth International Molecular Medicine Tri-Conference Stem Cell Track hosted in San Francisco. Director of Research, Dr. Cyndi Chen was in attendance for the Stem Cell Track entitled "Commercial Implication of Stem Cell Research" and networked with key figures to build awareness of the company's stem cell research initiative. The meeting included seminars from Dr. Stephen Minger, Director of the Stem Cell Biology Laboratory at King's College London and Dr. Mark Levenstein of WiCell Research Institute. The meeting highlighted new areas of discovery and the therapeutic strategies and potentials of stem cell research. The U.S. Army Communication-Electronics Life Cycle Management Command, C-E LCMC, has awarded Lockheed Martin (NYSE: LMT) a Strategic Services Sourcing (S3) contract to provide support for command, control, communication, computer, intelligence, surveillance and reconnaissance (C4ISR) systems. The S3 contract is a ten- year, $19.25 billion indefinite delivery/indefinite quantity contracting vehicle with a base of five years and one five year option.

About Financial News USA

Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com