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Javelin Enters Service in the U.K. Four Months Early Raytheon WARMINSTER, U.K., -- UK Javelin, developed and produced by the Raytheon/Lockheed Martin Javelin Joint Venture for the U.K.'s Light Forces Anti-Tank Guided Weapon program, has been declared operational four months ahead of schedule. The announcement was made during a live-fire demonstration yesterday witnessed by industry and Ministry of Defence (MoD) officials at Warminster. Officials said the early in-service date demonstrates the successful close working relationship on this venture between the U.S. Department of Defense and Army, the U.K. MoD, and the Javelin Joint Venture. "Raytheon, Lockheed Martin and all of our U.K. team members have put tremendous effort into ensuring Javelin's smooth and rapid entry into service with the British Army and Royal Marines," said Michael Crisp, president, Javelin Joint Venture. "We have been totally customer-focused in this program. The Javelin system is already the world's leading medium range man-portable fire-and-forget multi-purpose system, and it brings superb new capabilities to the U.K.'s armed forces." "Warfighters depend upon Javelin's precision-strike capability," added Howard Weaver, vice president, Javelin Joint Venture, "We are committed to providing our U.K. customer with cost-effective, global support to ensure Javelin's continued mission success." U.K. industry has been heavily involved in the Javelin program, bringing about $623 million into 14 companies throughout the country. Engineered Support Systems received $6.0 Million Order For U.S. Army's Stryker Brigade Combat Team ESSI ST. LOUIS, July 27, 2005 -- Engineered Support Systems, Inc. received an $6.0 million order for the Stryker Brigade Combat Team (SBCT) from the U.S. Army's Tank-automotive and Armaments Command (TACOM) in Warren, Michigan. Engineered Support's wholly-owned subsidiary Systems & Electronics Inc. (SEI) will produce 28 Fire Support Mission Equipment Packages (MEPs) and 53 Fire Support Sensor System (FS3) retrofit kits for the Fire Support Variant (FSV) of the SBCT at its St. Louis and West Plains, Missouri facilities. Deliveries are scheduled to occur between May and December 2006. This SBCT order provides Fire Support packages for the 5th and 6th SBCTs, and retrofit kits to upgrade the first three SBCTs. The SBCT represents the vanguard of the Army's transformation from the Current Force to the Future Force. SEI has produced more than 80 Fire Support Mission Equipment Packages for the Stryker Brigade Combat Team. "The SEI team has automated the process of fire support and incremented the technology available to Army forward observers," said Gerald A. Potthoff, Engineered Support's Vice Chairman and Chief Executive Officer. "The evolution of the SEI-produced fire support equipment has continuously enhanced America's fielded warfighter capability since 1995." The FSV mission is to provide precision far target location and laser target designation in support of the SBCT. One SBCT is currently deployed in support of Operation Iraqi Freedom. The FS3 is a high performance sensor system consisting of a thermal imager/day camera and rangefinder produced by Raytheon. In addition, FS3 has the ability to mount a laser designation module for use with laser guided munitions. Armor Holdings, Inc. to Acquire Substantially All of the Assets of Second Chance Body Armor, Inc. About Armor Holdings, Inc. JACKSONVILLE, Fla., -- Armor Holdings, Inc., a leading manufacturer and distributor of security products and vehicle armor systems serving military, law enforcement, homeland security and commercial markets, announced today that it was the successful bidder at an auction to acquire substantially all of the assets of Second Chance Body Armor, Inc. (Second Chance), a manufacturer of body armor serving the law enforcement and military markets. The total purchase price is $45 million in cash and includes the assumption of certain liabilities. The transaction, which the Company expects to be meaningfully accretive in 2006, is subject to final approval by the United States Bankruptcy Court, Western District of Michigan and is expected to close on Friday, July 29, 2005. Second Chance is headquartered in Central Lake, Michigan, with a manufacturing facility based in Geneva, Alabama. |
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