Lockheed Gets $20M Air Force Deal and Northrop Grumman Awarded Follow-on C-RAM Contract

Defense industry news provided by Financial News USA (OTC: FNWU). The U.S. Air Force said on Tuesday it gave a sizeable boost to a unit of Lockheed Martin Corp. (NYSE:LMT) by up to $20 million. Littleton, Colo.-based Lockheed Martin Space Systems Co. will provide improvements on the Air Force's satellite launch program to lower the risk of launch failure. The defense firm will complete the work by September of this year. Lockheed Martin is a Bethesda, Md.-based defense contractor with 140,000 employees worldwide. The Boeing Company (NYSE: BA) will release its 2006 fourth-quarter and full-year financial results at 6:30 a.m. Central Time on Wednesday, Jan. 31. Boeing Capital Corp. results will be released at the same time. Chairman, President and Chief Executive Officer Jim McNerney and Executive Vice President and Chief Financial Officer James Bell will subsequently discuss the results and company outlook during a conference call for securities analysts and reporters at 9:30 a.m. Central Time.

The U.S. Army has awarded Northrop Grumman Corporation (NYSE:NOC) a contract valued at up to $71 million to continue their support in system engineering, integration, and installation for the Counter-Rocket, Artillery, Mortar (C-RAM) program. First fielded at key military installations last year, C-RAM is helping protect U.S. and coalition troops against mortar and rocket attacks. MarCom PR, Inc. a leading full-service marketing communications, public relations, advertising, and Internet solutions agency, recently announced that the City of Industry-based Emergency Disaster Systems (EDS) a subsidiary of U.S. BioDefense, Inc. (OTC BB: UBDE) has selected MarCom PR as its marketing and public relations agency of record. MarCom PR was chosen based on its industry knowledge, integrated public relations approach and the ability to provide a full range of communication services.

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