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OEM News 12/30/2008

Dec. 30, 2008
December 30, 2008   Articles Navy Awards General Dynamics $14 Billion Contract For Submarines ...
December 30, 2008
Articles
Navy Awards General Dynamics $14 Billion Contract For Submarines
The U.S. Navy affirmed the strategic need for a robust, adaptable submarine force by awarding General Dynamics Electric Boat a contract valued at $14 billion for the construction of eight Virginia-class submarines. Electric Boat is a wholly owned subsidiary of General Dynamics. Read More

Teledyne Acquires Demo Systems
Teledyne Technologies Incorporated has acquired the assets of Demo Systems LLC. Demo Systems, headquartered in Moorpark, Calif., designs and manufactures aircraft data loading equipment, flight line maintenance terminals, and data distribution software used by commercial airlines, the U.S. military and aircraft manufacturers. Terms of the transaction were not disclosed. Read More

Teledyne Acquires Odom Hydrographic Systems
Teledyne Technologies Incorporated said that its subsidiary, Teledyne RD Instruments, Inc. acquired Odom Hydrographic Systems, Inc.
Odom, headquartered in Baton Rouge, La., designs and manufactures hydrographic survey instrumentation used in port survey, dredging, offshore energy and other applications. Terms of the transaction were not disclosed. Read More

Lockheed Martin To Acquire Universal Systems & Technology
Lockheed Martin Corporation has agreed to acquire Universal Systems & Technology, Inc. (UNITECH). UNITECH provides interactive training and simulation, homeland security, and technical solutions to the United States Army, Navy, Air Force, Marine Corps, Coast Guard, Department of Homeland Security, and other U.S. and international government agencies. Read More

F-35 Test Fleet Adds Conventional Takeoff And Landing Variant
Lockheed Martin rolled out the first weight-optimized conventional takeoff and landing (CTOL) variant of the F-35 Lightning II fighter on Dec. 19. Read More

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