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WirelessDevNet.com Press Release
Raytheon Gets Homeland Security Contract and Lockheed Martin General Dynamics Get Green Light
City of Industry, CA -- 07/07/2006 - Defense industry news provided by Financial News USA (OTC: FNWU). Military contractor Raytheon Co. (NYSE:RTN) said Wednesday that the Department of Homeland Security has awarded it an indefinite-delivery, indefinite-quantity contract for information technology services. The contract, part of the Enterprise Acquisition Gateway for Leading Edge solutions or EAGLE program, will allow the department's 22 agencies to more efficiently obtain information technology support and leverage their collective buying power. Boeing (NYSE: BA) has been awarded a $138 million option by the U.S. Air Force to build three additional Global Positioning System (GPS) satellites under the GPS Block IIF contract. The exercised option brings to 12 the number of Block IIF satellites Boeing is building under contract to the military's NAVSTAR GPS joint program office. Boeing expects that the first GPS Block IIF satellite, known as SV-1, will be ready for delivery in 2007.
The White House has given Lockheed Martin (NYSE:LMT) and General Dynamics the go-ahead to install a biometric identity system for federal employees. The system uses smart cards with a computer chip containing data on physical characteristics such as fingerprints. As many as 15 million federal employees and contractors will be required to begin using the identification system by Oct. 27 under a rule signed by President Bush. U.S. BioDefense, Inc. (OTC BB: UBDE) announces that it has initiated development of a proprietary search engine focused on the Homeland Security, Defense and Biotechnology industries. U.S. BioDefense's search engine will focus on providing critical search capabilities to both the general public and also to companies and government agencies to conduct research for coordinating resources and communications in preparation for and during emergencies.
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
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