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General Dynamics Awarded $23M Contract for MK47 'STRIKER40' Weapon Systems CHARLOTTE, N.C. -- General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), on June 7 was awarded a $23.5 million contract from the U.S. government for production of the MK47 MOD 0 Weapon System, a lightweight 40mm grenade launcher. The award is part of a five-year Indefinite Delivery Indefinite Quantity contract with a total potential value of $82 million. The MK47, also known as STRIKER40, is a lightweight grenade launcher capable of firing airbursting munitions. Its integrated Fire Control system provides a decisive technological advantage over enemy forces equipped with older crew-served weapons. Work will be completed at General Dynamics' facility in Saco, Maine. General Dynamics is partnered with Raytheon (Dallas, Texas/Forest, Miss.) to build the Lightweight Video System (LVS) Fire Control. Program administration will be conducted at General Dynamics' Vermont-based Burlington Technology Center. Source: General Dynamics New UN Model Transport Regulations to Include Millennium Cell Fuel Cartridges Eatontown -- Millennium Cell Inc. (NASDAQ:MCEL), a leading developer of hydrogen battery technology, announced today that new regulations for the commercial transport of sodium borohydride-based fuel cartridges for fuel cells were approved by the United Nations Subcommittee of Experts on the Transport of Dangerous Goods at its semi-annual meeting in Geneva last week. Formal ratification by the full UN Committee of Experts is scheduled for December. The model regulations will be used by countries around the world to establish shipping requirements for fuel cartridges containing sodium borohydride. The new UN shipping name, number and packaging instructions also will assist international air transport authorities in developing regulations to allow passengers to carry and use these cartridges on-board airplanes. "This approval will provide our licensees a clearer and more definitive pathway for shipping hydrogen batteries in bulk or small quantities. This UN action is also a key next step in the approval process for in-cabin passenger use of hydrogen batteries, especially as we and our partners continue to design and develop these products for use in consumer electronics applications," noted Adam P. Briggs, Millennium Cell President. Source: Millennium Cell Inc. |
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