The Aviation & Maritime News Centerpiece
of ILIPS Group International

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Aviation & Marine USA

www.aviationandmarineusa.com

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ILIPS Group International

35th Anniversary Year

1972 ~ 2007

"The Gift of Truth Excels All Other Gifts..."

~ Buddha

Tom Braniff

Founder ~ Braniff International

Dallas, Texas

Welcome to

"601 Braniff Place"

Aviation & Marine USA

Maritime Directory

Latest News As Of January 8, 2008

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From The Editor:

January 8, 2008

Greetings:

We are coming back online at this time after a two week period in abeyence due to difficulties with dial-up services here in rural Nevada. We are now equipped with Hughes Net Satellite internet service which is quicker and more reliable, along with the fact that it provides us with an alternative service to DSL or Cable.

All ILIPS Group International publications are under update at this time. Delayed stories and photo galleries are nearing completion and will be online shortly.

We apologize for the inconvenience and hope this switch to Satellite service brings an end to the recent troubles so that we can get our Alternative News Reporting back on track, particularly in regards to a Federal case preparing to get underway at present, in the U.S. District Court, Ninth Circuit, in Reno, Nevada.

Updates will be coming throughout the day here at...

Aviation & Marine USA.

~ Ed.

www.aviationandmarineusa.com

Click Here For:

The Pages

Under Construction Beginning 11/27/2007

Come on in and pardon our dust! <g>

"The Vestibule"

Things to Come at ILIPS Group International...

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The World of Aviation & Marine USA

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Under Construction ~ When Link Activated and Underlined, Page is Active...

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Latest News As Of December 26, 2007

The World of Aviation & Marine USA

Historic shot of a formation takeoff by a pair of Swedish Air Force SAAB J37 Viggen fighter jets during an afterburner takeoff from an Air Base in Sweden.

Photo: SAAB AB Archives

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The Gentle Giant Over San Francisco Bay

ILIPS Staff Photographer Rick W. Piso of www.rwphotos.com sends us this shot of the Superjumbo Airbus A380 over San Francisco Bay during Fleet Week 2007, which took place in the first week of October. The A380 was visiting SFO as part of a Worldwide sales tour during the month in whcih the first production example was delivered to Singapore Airlines, which will Inaugurate service with the Gentle Giant on October 28, 2007.

Sales are on the increase for the A380 with recent orders from British Airways and an Italian leasing company. Airbus has confirmed the sale of the first Executive/VIP A380.

The Inaugural Service Flight of the A380 will occur between Singapore and Australia. San Francisco will be the initial U.S. destination for the Gentle Giant, followed later by Los Angeles.

The A380 World Tour will continue in November with a visit to Orlando, Florida, near Disney World.

More A380 News Coming Soon!

Fleet Week 2007 Coverage Coming Soon...

Photo: Rick W. Pisio / www.rwphotos.com

Latest News As Of December 26, 2007

Arianespace Flight RASCOM-QAF1 - HORIZONS 2:

Launch postponed for 24
hours.

Kourou, December 19, 2007 - Arianespace has decided to postpone the
launch of the Ariane 5 GS for 24 hours in order to perform additional checks
on the launch vehicle.

Liftoff of the Ariane 5 launcher is now set for the night of Friday,
December 21 at the opening of the following launch window:

From 6:14 p.m. to 6:58 p.m., local time in Kourou, French Guiana
From 4:14 p.m. to 4:58 p.m. in Washington, D.C.
From 9:14 p.m. to 9:58 p.m. GMT
From 10:14 p.m. to 10:58 p.m. in Paris.

Teeda.Com

Headline News

12/20/2007

Delivery on December 15, 2007, of the 5,000th Commercial Jet Airliner Produced by Airbus.

Recipient: QANTAS Airways Ltd., of Australia.

Aircraft Type: Airbus A330-200

Photos: Airbus SAS

Above Photo by S. Ognier

Below Photo by H. Goussé

Latest News As Of December 26, 2007

Headline News

And Now...On To "New Years!"

Travel In And Around London-Luton Airport During The Holidays...

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Proposed Strike Action

Published: 21 December 2007

Passenger Information

We would like to advise passengers travelling in January that the recent announcement regarding strike action at some UK airports does not affect the operation of London Luton Airport.

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Travelling to/from London Luton Airport over Christmas / New Year
Published: 21 December 2007

London Luton would like to highlight that restrictions on hand luggage and liquids are still in place - passengers should check with their airline or read our Security page before travelling.

The good news is that restrictions only apply to items carried through security - in the airport's airside departure lounge passengers are free to take advantage of the great shopping offers available and to eat and drink in the airport's restaurants and bars; passengers are able to take additional shopping bags on board the aircraft.

Passengers wishing to travel with Christmas crackers should consult their airline before arriving at the Airport and are reminded not to travel with wrapped presents in hand luggage as it may be necessary for presents to be opened during the security procedure.

For information on Security requirements, please click here.

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London-LutonTerminal Map

London-Luton World Destinations Map

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Travel by Road To/From London-Luton Airport:

Travelling to/from London Luton Airport over Christmas / New Year...

London Luton would like to highlight that restrictions on hand luggage and liquids are still in place - passengers should check with their airline or read our Security page before travelling.

The good news is that restrictions only apply to items carried through security - in the airport's airside departure lounge passengers are free to take advantage of the great shopping offers available and to eat and drink in the airport's restaurants and bars; passengers are able to take additional shopping bags on board the aircraft.

Passengers wishing to travel with Christmas crackers should consult their airline before arriving at the Airport and are reminded not to travel with wrapped presents in hand luggage as it may be necessary for presents to be opened during the security procedure.


Traffic Radio
Travelling to/from London Luton Airport over Christmas / New Year

London Luton would like to highlight that restrictions on hand luggage and liquids are still in place - passengers should check with their airline or click here (link to Security page) before travelling.

The good news is that restrictions only apply to items carried through security - in the airport's airside departure lounge passengers are free to take advantage of the great shopping offers available and to eat and drink in the airport's restaurants and bars; passengers are able to take additional shopping bags on board the aircraft.

Passengers wishing to travel with Christmas crackers should consult their airline before arriving at the Airport and are reminded not to travel with wrapped presents in hand luggage as it may be necessary for presents to be opened during the security procedure.


London Luton Airport is easily accessible from all over the country and located close to the M1 and M25.


The airport has conveniently located short-stay, mid-term and long-stay car parks.

London Luton Airport, closer than you think:
Central London: 32 miles
North London: 30 miles
Milton Keynes: 25 miles
Birmingham: 90 miles
Oxford: 50 miles
Cambridge: 35 miles
Bedford: 22 miles
When using Sat Nav systems, please input postcode - LU2 9QT


WARNING: Extensive roadworks on the approach to London Luton Airport

Important Passenger Information

Major roadworks are scheduled on the M1 motorway and the main approach to the airport that will affect access to London Luton Airport.

Passengers are advised to expect delays for the duration of these works and are strongly advised to leave plenty of additional travel time to get to London Luton Airport as there can be lengthy delays at peak periods.

For an update on the latest road closures or diversions, please see further down this page.


East Luton Corridor
In addition to the major road works currently underway on the M1 motorway, Luton Borough Council's 'East Luton Corridor' road works project is due to continue until Spring 2008.

Passengers are advised to expect delays for the duration of these works and are strongly advised to leave additional travel time to get to London Luton Airport.

Local residents and business partners are advised to expect congestion around the Airport and should allow extra time or use alternative routes.

For further information on the scheme Click here.


Friday 21 December to Monday 7 January 2008

Please note that from Friday 21 December to Monday 7 January 2008. All roadworks will be suspended for the Christmas period. However lane closures along Airport Way (A1081, A505 and Airport Way) and Vauxhall Way (Eaton Green roundabout) will remain in place for safety reasons.

NOTE: This information has been received in good faith and is deemed to be accurate at the time of publication, however it may be subject to change or cancellation.


To and From the East and A1
Access to London Luton Airport from the East and A1 is via the A505 dual carriageway through Hitchin.

The airport lies just off the A505 and is clearly signposted.


To and From the M25
Access to London Luton Airport from the West is possible through several routes.

If approaching via Dunstable, follow the airport signs.

Alternative approaches include travelling via M40/M25 to join the M1 and then exit via Junction 10. Exit the M25 at Junction 21 for the access to the M1.


To and From the M1
London Luton Airport is only 30 minutes from North London, 15 minutes from the M25 and 5 minutes from the M1.

The airport is just two miles from the M1 motorway.

Exit the M1 at Junction 10. The route to the airport is clearly signposted.

Work started on Monday 20th March 2006 on the M1 Widening scheme. Please allow extra time for journeys to the airport whilst the widening scheme for the M1, between junction 6A (M25) and junction 10 (Luton), is being carried out. The scheme will widen 10 miles (17 km) of the motorway to four lanes in each direction to relieve congestion and improve safety.

This will be achieved by widening three sections of the road:

- between junctions 6a and 7 southbound;
- northbound and southbound between junctions 8 and 9;
- and southbound between junctions 9 and 10.

The scheme will also provide parallel link roads between junctions 7 and 8 to cater for local traffic using the A414/M10 between Hemel Hempstead and St Albans.

There will be a mandatory 50mph speed restriction on the motorway while work takes place.


Schedule of M1 Slip Road/Lane closures
There are no planned lane or slip road closures between 21st December and 6th January inclusive.

NOTE: The information contained on this page has been received in good faith and is deemed to be accurate at the time of publication, however it may be subject to change or cancellation.


Travel by Rail From London-Luton Airport:

Travelling to/from London Luton Airport over Christmas / New Year...

London Luton would like to highlight that restrictions on hand luggage and liquids are still in place - passengers should check with their airline or click here (link to Security page) before travelling.

The good news is that restrictions only apply to items carried through security - in the airport's airside departure lounge passengers are free to take advantage of the great shopping offers available and to eat and drink in the airport's restaurants and bars; passengers are able to take additional shopping bags on board the aircraft.

Passengers wishing to travel with Christmas crackers should consult their airline before arriving at the Airport and are reminded not to travel with wrapped presents in hand luggage as it may be necessary for presents to be opened during the security procedure.


Regular rail services to central London take as little as 21 minutes with Midland Mainline and 25 minutes with First Capital Connect.

Other destinations include the south coast, the Midlands and northern England.

A constant, free shuttle bus service operates to and from Luton Airport Parkway Station, this is normally just a 5 minute trip from the airport terminal building. The buses run to coincide with the trains and depart every 15 minutes htroughout the day, after 23.00hrs shuttle buses run in time with train arrivals and departures, please check train times for details.

However, there are extensive roadworks on the approach to London Luton Airport.

Major roadworks are in progress on the M1 motorway and the main approach to the airport - both will affect access to London Luton Airport. Passengers travelling from Luton Airport Parkway Station by bus or taxi are advised to expect delays for the duration of these works and are strongly advised to leave additional travel time to get to London Luton Airport.


Rail Planners
For National Rail Enquiries, please click here

Information on planning a rail journey. The visitor to the website is invited to submit travel requirements (origin, destination, date and time of travel), and National Rail Enquiries Online responds with a choice of services and the prices of currently available tickets.


First Capital Connect
First Capital Connect operates a fast, frequent service direct between central London and Luton Airport Parkway train station. Luton Airport Parkway is around 25 minutes away from St. Pancras international station.

When you land at London Luton Airport, catch the free Luton Airport shuttle bus from outside the terminal at Bay 1. This will take you to Luton Airport Parkway station in around 10 minutes where you can catch a First Capital Connect train southbound into London and on to Brighton, or northbound towards Bedford.

For more information about First Capital Connect services please visit www.firstcapitalconnect.co.uk

Rail connections map can be downloaded from the bottom of this page.


Midland Mainline
Midland Mainline operates services from London to the East Midlands and Yorkshire, on the Midland Main Line. Its London terminal is London Kings Cross St Pancras which it currently uses exclusively.

Service to London Luton Airport Parkway can take as little as 21 minutes.

For Midland Mainline Timetables, Please click here.


Virgin
Virgin Rail Link
Bay 7- Express service to Milton Keynes Station.

Virgin Trains Express Coach
Now there's a hassle free, great value way of getting to and from London Luton Airport.

This dedicated airport coach link service runs from Milton Keynes railway station direct to the airport terminal. Conveniently timed to connect with Virgin Trains services to/from the West Midlands and the West, the service runs hourly from early until late, seven days each week.

A full range of great value all-inclusive fares are available from all stations across the Virgin Trains network.

Virgin Trains ~ the easy way from train to plane.

For more information call +44 (0)845 722 2333 or visit Virgin Trains

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December 21, 2007 02:25 PM Pacific Time

Intelsat, JSAT Relationship Reaches New Milestone with Successful Horizons 2 Launch

PEMBROKE, Bermuda--(BUSINESS WIRE)--Intelsat, Ltd., the world’s leading provider of commercial satellite services, announced today that at (4:42 p.m. EST) the Horizons 2 satellite was successfully launched aboard Arianespace’s Ariane 5 rocket. The satellite is owned by a joint venture between Intelsat and JSAT International, was built by Orbital Sciences Corporation, will operate from 74º W and will carry a payload of 20 Ku-band transponders.

Horizons 2 will provide occasional use video and IP-based content distribution for the continental United States, the Caribbean and parts of Canada. Through a specialized capability, the satellite will support a number of comms-on-the-move applications for government customers. Its unique boomerang beam will support littoral water operations off the U.S. eastern seaboard for homeland security, ship-to-shore communications and cargo tracking.

"The successful launch of Horizons 2 now takes our business relationship to a new level,” said JSAT CEO Kiyoshi Isozaki. “JSAT and Intelsat’s goal is to provide customers with the best combined satellite distribution solutions available to satisfy the growing demand for media and network content distribution services in the competitive North American region.”

“Horizons 2 is a testament to Intelsat’s drive for creative partnerships that fuel business growth and industry innovation,” said David McGlade, Intelsat, Ltd. CEO. “We are pleased with the outcome of today’s launch and look forward to a successful venture with JSAT.”

Horizons 2 is slated to enter service in the first quarter of 2008.

About Intelsat

Intelsat is the leading provider of fixed satellite services (FSS) worldwide and is the leading provider of these services to each of the media, network services and government customer sectors, enabling people and businesses everywhere constant access to information and entertainment. Intelsat offers customers a greater business potential by providing them access to unrivaled resources with ease of business and peace of mind. An extensive customer base, including some of the world’s leading media and communications companies, multinational corporations, Internet service providers and government/military organizations, utilizes our services. Real-time, constant communication with people anywhere in the world is closer, by far.

Intelsat Safe Harbor Statement. Some of the statements in this news release constitute "forward-looking statements" that do not directly or exclusively relate to historical facts. The forward-looking statements made in this release reflect Intelsat's intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, including known and unknown risks. Detailed information about some of the known risks is included in Intelsat's annual report on Form 10-K for the year ended December 31, 2006, quarterly reports on Form 10-Q and other filings with the U.S. Securities and Exchange Commission. Because actual results could differ materially from Intelsat's intentions, plans, expectations, assumptions and beliefs about the future, you are urged to view all forward-looking statements contained in this news release with caution. Intelsat does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts
Intelsat, Ltd.
Nick Mitsis, +1 202-944-7044
nick.mitsis@intelsat.com

At A Glance
Intelsat, Ltd.
Headquarters: Pembroke, Bermuda
Website: http://www.intelsat.com
CEO: David McGlade
Employees: 1400
Organization: Private
Source: via Business Wire
Updated 07/03/2006 by company

Headline News

Boeing to Build a Sixth Wideband Global
SATCOM Satellite

ST. LOUIS, Dec. 21, 2007 -- The Boeing Company [NYSE: BA] today announced that the U.S. Air Force has exercised an option for a sixth Wideband Global SATCOM (WGS) satellite and has authorized Boeing to begin construction. The Commonwealth of Australia is funding the procurement as part of a cooperative agreement between the U.S. and Australian governments. The satellite is expected to launch in the fourth quarter of 2012.

"This is a unique, win-win arrangement between the Australian and U.S. governments, and Boeing is honored to support it," said Howard Chambers, vice president and general manager of Boeing Space and Intelligence Systems. "A sixth WGS satellite adds to the system's overall capacity and flexibility and will benefit both U.S. armed forces and our allies."

A memorandum of understanding signed by both governments on Nov. 14 adds Australian Defence Force access to WGS services worldwide in exchange for funding the constellation's sixth satellite. The advance procurement contract enables Boeing to obtain long-lead materials for the satellite. The six WGS satellites are valued at US$1.8 billion, which includes associated ground-based payload command and control systems, mission unique software and databases, satellite simulators, logistics support and operator training. Boeing also performs final satellite processing and preparations for launch, as well as initial orbital operations and on-orbit testing.

"The WGS program office is very excited about this new partnership," said Col. Donald W. Robbins, U.S. Air Force commander, Wideband SATCOM Group. "We look forward to fielding the sixth WGS satellite."

The sixth WGS satellite, a Block II version, will carry the radio frequency (RF) bypass capability designed to support airborne intelligence, surveillance and reconnaissance platforms requiring additional bandwidth. The RF bypass supports data rates of up to 311 Megabits per second, more than 200 times faster than most cable or DSL connections. Boeing will design and manufacture the 702 model spacecraft at its satellite factory in El Segundo, Calif.

A United Launch Alliance Atlas V rocket successfully launched the first WGS satellite Oct. 10 from Cape Canaveral Air Force Base, Fla. It is now in geosynchronous orbit undergoing rigorous testing and is expected to begin service in the first quarter of 2008.

A unit of The Boeing Company, Boeing Integrated Defense Systems is one of the world's largest space and defense businesses specializing in innovative and capabilities-driven customer solutions. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $32.4 billion business with 72,000 employees worldwide.

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Headline News

December 20, 2007 12:50 PM Pacific Time

Air New Zealand Launches 'Concierge in the Sky Service'

New service is a world-first feature in international air travel

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Air New Zealand is revolutionizing the international customer travel experience with the introduction of an in-flight International Airline Concierge service – a first in the aviation industry. The new service launches in April on Air New Zealand’s Los Angeles, San Francisco and Vancouver to Auckland routes.

“Air New Zealand will employ up to 90 concierge staff, which will be dedicated to making every customer journey before, during and after an Air New Zealand service a special event,” said Roger Poulton, Air New Zealand VP Americas. “There is no other airline in the world offering such a service, giving Air New Zealand a significant edge over its international competitors.”

The new International Airline Concierge service will offer a combination of travel advisers, disrupt managers, loyalty and destination experts focusing on supporting every customer’s travel needs. Concierge service staff duties may include: escorting passengers to and from the aircraft; recommending “must-do” activities while visiting New Zealand; assisting customers with onward bookings; supporting customers affected by a weather disruption; advising passengers on Star Alliance network options; or talking through the finer points of customers’ in-flight wine selections.

The international recognition of Air New Zealand’s world-class long-haul product has grown in the past two years. During this time, Air New Zealand has been recognized by Business Traveler magazine for its unique brand of service as the “Best Airline to the South Pacific, Australia, and New Zealand.” The recognition prompts the number of customers choosing the airline for services to, from and within New Zealand. The new concierge service enables the airline to continue to provide excellent customer service despite increased capacity challenges.

“Everyone travelling with us – no matter how full the aircraft - receives the personal attention they deserve and the advice they need,” adds Poulton. “We’re dedicated to finding new ways to deliver our customers with a uniquely Kiwi experience at every stage of their journey, and the best way to do that is through our people. Air New Zealanders are our competitive advantage.”

The concierge initiative developed from Air New Zealand cabin crew and customer feedback captured during the past two years. The initiative is a natural complement to the airline’s award-winning long-haul product and service. Concierge staff will serve as New Zealand ambassadors, as well as experts in the regions to which they fly.

About Air New Zealand

Air New Zealand offers more direct flights to the South Pacific than any other airline, including non-stop flights from San Francisco, Los Angeles, Honolulu, and Vancouver to New Zealand, as well as Los Angeles non-stop to Fiji, the Cook Islands and Samoa. Other popular destinations include Australia, China, Japan and Tonga. In addition to flying non-stop Los Angeles-London, Air New Zealand’s route between London and Hong Kong now allows customers to fly round-the-world on one airline. Consistently rated among the world’s best international airlines, Air New Zealand’s most recent accolades include recognition by the Condé Nast Traveler Reader’s Choice Awards, the Travel + Leisure World’s Best Awards and Business Traveler Magazine. United Mileage Plus, US Airways Dividend Miles and Air Canada’s Aeroplan members earn and redeem mileage on select flights. Flight and vacation essentials can be booked on AirNewZealand.com or by calling 1-800-262-1234 in the USA and 1-800-663-5494 in Canada. Air New Zealand is a member of the Star Alliance network.

Air New Zealand is proud to be a member of Star Alliance, which provides connections to 855 destinations in 155 countries worldwide.

Headline News

December 20, 2007 06:00 AM Pacific Time

DRS Technologies Receives a $42 Million Contract from the U.S. Army to Support the Mast Mounted Sights on Its Kiowa Warrior Helicopters

PARSIPPANY, N.J.--(BUSINESS WIRE)--DRS Technologies, Inc. (NYSE: DRS) announced today that it received a $42 million contract from the U.S. Army’s Aviation and Missile Command (AMCOM) at Redstone Arsenal in Huntsville, Alabama, to provide engineering support, field service support and general depot repairs for the Mast Mounted Sights (MMS) on OH-58 Kiowa Warrior attack helicopters.

DRS also will provide post-production, engineering assistance and depot support for obsolescence mitigation. The work for this award will be accomplished by the company’s DRS Sensors & Targeting Systems – Optronics Division in Melbourne and Palm Bay, Florida.

The contract is part of a five-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract awarded to DRS in December 2003 and has a maximum value in excess of $700 million. To date, the company has been awarded approximately $318 million from AMCOM under this contract. Product deliveries and services under the $42 million contract are scheduled to start immediately with completion expected by September 2009.

“As a premier supplier of infrared sighting, targeting and night vision systems for the U.S. Army, DRS is committed to supporting the Kiowa Warrior’s mast mounted sight program and keeping it as valuable to the warfighter today, as when it was introduced decades ago,” said James M. Baird, president of DRS’ Reconnaissance, Surveillance & Target Acquisition (RSTA) business segment.

The MMS is one of the key systems on the Kiowa Warrior attack helicopter. Its unique capabilities allow its pilots and crew to scan a battlefield to acquire, identify, and engage targets. Being mast mounted, the MMS enables the helicopter to fight both day and night and in adverse weather conditions from the maximum range of its weapons systems and with minimum exposure to enemy threats. It also allows the helicopter to remain concealed until just a few seconds before an engagement. The long distance detection and surprise attack capabilities give the crew a considerably greater survivability rate than attack helicopters with nose-mounted sensors.

Systems inside the MMS include a high-resolution television camera for long-range, low-light target detection, an infrared thermal imaging sensor supporting navigation, surveillance and target acquisition, and a laser rangefinder/designator to provide precise target location and guidance of Hellfire missiles.

The RSTA business segment develops, manufactures and supports electro-optical technologies, including advanced cooled and uncooled thermal-imaging solutions for soldier systems, ground vehicles, and airborne and maritime systems, as well as for industrial, security, public safety and firefighting applications.

DRS Technologies, headquartered in Parsippany, New Jersey, is a leading supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide. The company employs approximately 9,500 people. For more information about DRS Technologies, please visit the company’s web site at www.drs.com

Headline News

December 20, 2007 05:45 AM Pacific Time

CPI Aero Announces Release of C-5 TOP Order Valued at $1.4 Million

$37.7 Million in 2007 Year-to-Date Contract Awards is the Highest Ever for the Company

EDGEWOOD, N.Y.--(BUSINESS WIRE)--CPI Aerostructures, Inc. (AMEX: CVU) today announced that the U.S. Air Force has released a $1.4 million order under CPI Aero’s C-5 TOP contract. This order includes a variety of wing spoilers, panels and formers. Orders under this program, including this $1.4 million order, have totaled $17.9 million to date.

Edward J. Fred, CPI Aero’s CEO & President stated, “Though the C-5 TOP contract has not materialized to the magnitude we had hoped for, it has produced an average of approximately $5 million in awards per twelve month period. When the new spending bill is in place, we are hopeful of additional funding being allocated to the maintenance and refurbishment of the C-5 during this next government fiscal year.”

Mr. Fred continued, “With this award, and an additional $1.0 million in subcontracting awards received earlier this month, CPI Aero’s total year-to-date award amount is $37.7 million, compared to $30.0 million for the same period last year. With these awards, CPI has surpassed its largest award year ever, which was $34.9 million in 2004. Included in this year’s total is $15.0 million in subcontract awards from major aerospace companies, compared to $7.0 million awarded for all of 2006.”

CPI Aero is engaged in the contract production of structural aircraft parts principally for the U.S. Air Force, other branches of the armed forces and leading prime defense contractors. In conjunction with its assembly operations, CPI Aero provides engineering, technical and program management services. Among the key programs that CPI Aero supplies are the C-5A Galaxy cargo jet, the T-38 Talon jet trainer, the A-10 Thunderbolt attack jet, the E-3 Sentry AWACS jet, the UH-60 Black Hawk helicopter, S-92 helicopter and the MH-60S mine countermeasure helicopter.

The above statements include forward looking statements that involve risks and uncertainties, which are described from time to time in CPI Aero’s SEC reports, including CPI Aero’s Form 10-K for the year ended December 31, 2006 and Forms 10-Q for the quarters ended March 31, 2007, June 30, 2007 and September 30, 2007.

Headline News

December 19, 2007 10:14 AM Pacific Time

TIMCO Aerosystems Wins Certification for Industry’s First 767 Mobile Crew Rest Unit

GREENSBORO, N.C.--(BUSINESS WIRE)--TIMCO Aerosystems announced today that it has been issued an FAA Supplemental Type Certificate (STC) for its Boeing 767 lower lobe crew rest unit. The first of its kind for the 767, this mobile crew rest unit was developed and manufactured for use aboard multiple aircraft in the Austrian Airlines fleet.

Engineered to match the outer dimensions of an LD8 unit load device (ULD) used in Boeing 767 aircraft, this removable crew rest unit is easily loaded, secured, and activated in the forward lower lobe cargo compartment of the 767 in less than 20 minutes. The unit features six bunks and is accessed by flight crew through a vestibule discretely located in the main passenger cabin. The crew rest is also fitted with the latest safety provisions and a host of occupant amenities.

TIMCO Aerosystems President Rick Salanitri noted that, “The quick disconnect features of this crew rest solution provide operational flexibility. The unit can be installed on only those route segments that require in-flight rest for the crew, offering the operator the ability to maximize revenue yield while providing its flight crews the best accommodation possible.”

A subsidiary of TIMCO Aviation Services, TIMCO Aerosystems is one of a select few companies that can support its customers with everything involved in the interior modification process, from state-of-the-art design and engineering to systems and structures manufacture, integration and certification.

www.timco.aero

Headline News Photo

If it has wings...

Bella Sara card featuring the winged horse "Nike..."

Hudson Gift Shops will be carrying Bella Sara products from JFK in the East to LAX in the west.

Photo: Bella Sara

Headline News

December 19, 2007 07:32 AM Pacific Time

Hudson to Carry Stable Full of Bella Sara Horse-Themed Gifts at Airports Nationwide in Time for Holiday Travel

"I went to a Flight the other night and a Horse Show broke out..."

~ (Apologies to the late, great, Rodney Dangerfield)

SEATTLE--(BUSINESS WIRE)--Bella Sara™, the collectable, horse-themed trading cards and online world for girls, is riding high after being named one of the best stocking stuffers this holiday season by About.com. Bella Sara’s publisher, Hidden City Games, has entered into an agreement with distributor Diamond Books to place Bella Sara products in Hudson News, Hudson Booksellers and Kids Works stores in airports and transportation terminals throughout North America.

Bella Sara trading card packs and the Bella Sara Collector Tin will be available across the country, from LAX to JFK, this holiday season, making these ideal stocking stuffers convenient last-minute gift purchases for holiday travelers.

“Bella Sara’s Collector Tin and trading cards, already gifts that keep the fun going year round by unlocking virtual horses in our online world for girls, are now also convenient choices for busy holiday gift-givers,” said Peter D. Adkison, CEO of Hidden City Games. Adkison is also the entrepreneur who previously launched the Magic: The Gathering and Pokemon trading card phenomena in North America. “Bella Sara, with its focus on encouragement and self-esteem, has a positive effect on playtime that parents can feel good about,” continued Adkison.

“Part of the joy of the holiday season is to see the face of a daughter, cousin or niece light up when she gets something she will love as a gift,” said Laura Samuels, director of corporate communications for Hudson Group. “We are excited to be able to add Bella Sara to the lineup of great choices Hudson Group provides busy holiday travelers.”

Developed by Danish social worker Gitte Odder Braendgaard, each Bella Sara trading card features a fairytale-like illustration of a horse along with a positive message such as “Beauty comes from within” or “Be the hero in your own story.” These messages stimulate pro-social dialogue both among girls and between girls and their parents and educators. Each horse card comes with a code that unlocks a virtual version of that horse at www.bellasara.com, a family-friendly Web site with horse jumping and riding games, puzzles, coloring books, interactive stories and more.

Over 30 million Bella Sara cards have been sold worldwide, attracting more than 1.3 million registered users from 240 countries to www.bellasara.com. Since its nationwide debut earlier this year, Bella Sara has received the “Seal of Approval” from the National Parenting Center, the “Seal of Excellence” from Creative Child magazine, the “2007 Excellent Product” and “2007 Outstanding Product” designations from iParenting Media and the “Best Products — Spring 2007” award from Dr. Toy.

Look for these Bella Sara products in Hudson News, Hudson Booksellers and Kids Works this holiday season:

Bella Sara Ancient Lights — This 7-card pack from the latest Bella Sara series is based on Greek and Roman mythology. Each horse card has a unique code that can activate that horse online. Rare energy cards have codes that unlock digital objects or enhance the online experience. $2.99 MSRP

Bella Sara Collector Tin —This embossed tin, featuring Bella herself, contains five card packs and can be used for storing cards or knick-knacks. The card packs include one from the very rare Bella Sara First Edition, which was available only in limited markets prior to the national launch; two from Bella Sara Second Series; one from Bella Sara Northern Lights, featuring horses influenced by Celtic and Norse mythology; and one pack from the most recent release, Bella Sara Ancient Lights, with horses inspired by Greek and Roman legends. Also included in every tin is one extra-rare “shiny” Zephyros card. $9.99 MSRP

About Diamond Books

Diamond Book Distributors is a division of Diamond Comic Distributors, Inc., the world’s largest distributor of English-language comic books and related merchandise. Diamond Book Distributors is dedicated to making a wide selection of graphic novels and other pop culture collectibles available to the mainstream book market.

About Hudson Group

Hudson Group operates more than 500 newsstands, bookstores, cafes and premier specialty retail shops in 69 airports and transportation terminals throughout North America. The company’s flagship concept, Hudson News, is North America’s only national newsstand brand. Under the familiar blue sign can be found the most complete selection of magazines in the aviation industry, along with newspapers and a wide variety of travelers’ necessities, snacks and bottled soft drinks. Hudson Group specialty retail shops include such proprietary brands as Hudson Booksellers, Kids Works and Euro Cafe. National brands partnering with Hudson Group include Life is good, Crabtree & Evelyn, Godiva Chocolatier, Sunglass Hut, Roots, House of Blues and Quiznos.

About Hidden City Games, Inc.

Hidden City Games, Inc., a venture-backed game publisher headquartered in Seattle, develops and markets tabletop and online games to interactively engage players and collectors of all ages. The company is best known as the exclusive licensor of Bella Sara, the inspirational, horse-themed trading cards and magical online world launched nationwide in the United States in March 2007.

Bella Sara, the most successful trading card product ever developed for girls, links to a safe, fun-filled virtual world for kids at www.bellasara.com. Founder and CEO Peter D. Adkison formerly founded Wizards of the Coast, Inc., which created the world’s first trading card game, Magic: The Gathering, and introduced the Pokemon trading card phenomenon to North America.

©2007 Hidden City Games, Inc. BELLA SARA is a trademark of conceptcard and used by Hidden City Games under license. HIDDEN CITY GAMES is a trademark of Hidden City Games, Inc., in the U.S.A. and elsewhere. www.hiddencitygames.com

Headline News Photo

"Little Women Fly"

...and flying ponies are much more fun than ever!

Perfect for those traveling with Mom and Dad across country...

Photo: Bella Sara

Headline News

Ground Support Equipment / Vehicles

December 19, 2007 06:02 AM Pacific Time

Force Protection Awarded $379 Million MRAP Contract

Additional Foreign Military Sales Orders to Follow

LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (NASDAQ:FRPT) today announced it has received a delivery order for an additional 358 Mine Resistant Ambush Protected (MRAP) Category I and Category II vehicles from the U.S. Marine Corps Systems Command (MARCORSYSCOM), which is acting as the lead contracting agency for the Department of Defense. The total approximate value of the order is $379 million.

MARCORSYSCOM also advised Force Protection that its Cheetah vehicle proposal is in the competitive range for continued development and testing and will be further evaluated with modifications as part of the ongoing MRAP II competition.

“In addition to this order from the Marine Corps Systems Command, we intend to continue working with the Army to field the Cougar vehicle in a way that will meet the Army’s objective of reducing sustainment and life cycle expense,” said Gordon McGilton, CEO of Force Protection, Inc. “The MRAP vehicle program requirements are based on the very design characteristics of our Cougar and Buffalo – the most proven and effective vehicles of this kind in service, and the Army continues to be a valued customer under the MRAP Category III Buffalo program. We are in the process of finalizing a contract for the Buffalo route clearance vehicles to be part of the Ground Standoff Mine Detection System (GSTAMIDS) program of record.

“We are pleased that the Marine Corps, Navy, and Air Force continue to select our proven Cougar MRAP for their Category I and II vehicle requirements,” said McGilton. “The Cougar JERRV variant is already meeting joint service requirements for explosive ordnance disposal teams and continues to be the gold standard in performance where it matters most—on the battlefield.”

In related activities, foreign military sales have also been approved to the United Kingdom and Italy for approximately 300 Cougar and Buffalo vehicles. These contracts have a combined estimated value of $150 million, and include spare parts and sustainment items.

“As U.S. requirements for MRAP vehicles rise and fall, we are pleased to see the release of orders to foreign militaries,” said McGilton. “We are aware of several other countries who have expressed additional need for these life saving vehicles, and we expect to receive approval to service them as well.”

Deliveries for Cougar Category I and II vehicles in the MRAP program are executed through the company’s joint venture, Force Dynamics, LLC, with General Dynamics Land Systems (NYSE:GD). As reported at the end of November, Force Dynamics is 68 vehicles ahead of the contracted MRAP delivery schedule. Buffalo Category III vehicles are sole-sourced to Force Protection and produced independently in Ladson, SC.

About Force Dynamics, LLC

Force Dynamics, LLC is a joint venture between leading defense manufacturers Force Protection, Inc. (NASDAQ:FRPT) and General Dynamics Land Systems, a business unit of General Dynamics Corporation (NYSE:GD).

About Force Protection, Inc.

Force Protection, Inc. was the first to respond to the urgent need to bring lifesaving mine-resistant ambush protected vehicles to U.S. troops in combat. The Company is a leading American manufacturer of ballistic- and blast-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company’s specialty vehicles, the Cougar and the Buffalo, each have a proven track record where it matters most - in the battlefield.

The Company’s newest vehicle, the Cheetah, is designed specifically for reconnaissance, forward command and control, and urban operations, and combines state-of-the-art ballistic and blast protection with the mobility of a unique light-armored vehicle. These specialty vehicles, which the Company believes are in the forefront of blast-resistant technology, are designed to protect their occupants from landmines, hostile fire, and improvised explosive devices (IEDs, commonly referred to as roadside bombs). The Company is one of the primary providers of vehicles for the U.S. military’s Mine Resistant Ambush Protected, or MRAP, vehicle program. For more information on Force Protection and its vehicles, visit www.forceprotection.net.

About General Dynamics

General Dynamics, headquartered in Falls Church, Va., employs approximately 83,000 people worldwide and anticipates 2007 revenues of approximately $27 billion. The company has leading market positions in mission critical information systems and technologies, land and amphibious combat systems, shipbuilding and marine systems, and business aviation. More information about the company is available on the Internet at www.generaldynamics.com.

This press release contains forward-looking statements that involve risks and uncertainties. The Company generally uses words such as “believe,” “may,” “could,” “will,” “intend,” “expect,” “anticipate,” “plan,” and similar expressions to identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in the Company’s Form 10-K and other reports filed with the Securities and Exchange Commission. Although management believes the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and the Company’s future results, levels of activity, performance or achievements may not meet these expectations. The Company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in expectations, except as required by law.

Headline News

December 18, 2007 06:23 AM Pacific Time

Flight Options’ Management Program Grows With Beechjet Addition

CLEVELAND--(BUSINESS WIRE)--Flight Options, a leading provider of private-jet travel services, announced today that the company has added a late model Beechjet 400A light jet to its industry-exclusive Fractional Interchange Management (FIM) program.

The Beechjet 400A has a maximum range of 1,800 nautical miles. It can carry up to 7 passengers and has a maximum cruise speed of 485 mph.

This is the fourth aircraft to join Flight Options’ new managed fleet, a significant development for a program so recently launched.

Aircraft owners who partner with Flight Options through FIM maximize the revenue potential of their aircraft by tapping into Flight Options’ large fractional customer base. They also gain access to Flight Options’ entire fleet of over 130 state-of-the-art aircraft, comprised of light, midsize, super-mid and large cabin aircraft.

“With Fractional Interchange Management, aircraft owners can access different classes of aircraft when it suits their needs to do so, while enjoying the greatest return that chartering their own aircraft can offer,” stated Dan Lucey, general manager of aircraft management at Flight Options.

With Flight Options’ more traditional Turnkey Aircraft Management program, owners station their aircraft at the location of their choice, and still enjoy the cost offsets of charter through Flight Option’s high demand network.

Both management programs are growing in popularity as a result of the many benefits they offer—guaranteed charter revenue, and access to Flight Options’ dedicated maintenance professionals, highly trained aircrews and operating expertise.

Flight Options’ Aircraft Management Services are available to owners of Beechjet 400/Hawker 400XP, Hawker 800/850XP, Citation X, Challenger, Gulfstream IV and Legacy aircraft.

About Flight Options

Flight Options, LLC, has earned a reputation as a leader and innovator within the private aviation industry. The Cleveland, Ohio-based company will mark its 10th Anniversary in 2008 and offers the complete spectrum of programs from Fractional First™ ownership to leasing, aircraft management, and JetPASS Ultimate Travel Membership. The company is an industry leader in private aviation safety as well, having been selected by the FAA to partner and participate in the development and implementation of a formal Safety Management System (SMS) soon to be required for all air service providers. Flight Options provides personalized service to its Owners and Members, with a fleet of over 130 aircraft consisting of the Hawker 400XP, Hawker 850XP, Citation X and Embraer Legacy. More information is available at www.flightoptions.com or by calling 877.703.2348.

Headline News

December 21, 2007 11:21 AM Pacific Time

Innovative Solutions & Support’s Flat Panel Display System Certified for Eclipse 500

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (NASDAQ:ISSC) is pleased to announce that the Company’s Flat Panel Display Systems have been certified for the Eclipse 500 Very Light Jet as part of the certification process for Eclipse Aviation’s Avio NG Total Aircraft Integration™ system.

In May 2007, Innovative Solutions & Support entered into a five-year, OEM agreement with Eclipse Aviation to be the exclusive supplier of Primary Flight and Multi-Function Flat Panel Displays for the Avio NG Total Aircraft Integration system. Eclipse Aviation announced that it had received FAA certification for the Avio NG, as well as a certificate of airworthiness for its first production aircraft, on December 20, 2007.

Innovative Solutions & Support’s Chief Executive Officer, Ray Wilson stated, “We were honored to have been chosen as one of Eclipse Aviation’s best-of-breed partners for the Avio NG component of their Eclipse 500 program, and congratulate Eclipse today on achieving these significant milestones. As the first production Eclipse 500 jets are delivered to their owners in the coming weeks, we look forward to seeing our Cockpit/IP™ Flat Panel Display System provide unprecedented functionality, situational awareness, and safety in the skies.”

About Avio NG

Designed by Eclipse Aviation exclusively for the Eclipse 500, Avio NG provides Total Aircraft Integration through integral, redundant computer systems and advanced data and power distribution systems. Avio NG applies integration technology to the entire aircraft, including avionics, engine operation, fuel system, flaps, landing gear, cabin pressure and temperature. The cockpit features two PFDs and one MFD, which are controlled by selection keys and knobs on the displays or by a keyboard at the pilot position. The PFD and MFD provide the pilot with high-resolution display of all flight parameters, engine and system performance data, and total system control.

About Innovative Solutions & Support, Inc.

Headquartered in Exton, Pa., Innovative Solutions & Support, Inc.(www.innovative-ss.com) designs, manufactures and markets flight information computers, electronic displays and advanced monitoring systems that measure and display critical flight information. This includes data relative to aircraft separation (RVSM), airspeed and altitude, as well as engine and fuel data measurements.

Certain matters contained herein that are not descriptions of historical facts are “forward-looking” (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.

Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission.

Many of the factors that will determine the Company’s future results are beyond the ability of management to control or predict. Readers should not place undue reliance on forward-looking statements, which reflects management’s views only as of the date hereof. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Headline News

White House Press Office

December 20, 2007 04:59 PM Pacific Time

Fact Sheet: Year in Review: 2007

A Year of Accomplishment for the American People

WASHINGTON--(BUSINESS WIRE)--The American people are benefiting from the effective leadership by the President and his Administration in 2007.

Overseas, the new strategy in Iraq is working, with improved security allowing the U.S. to begin bringing troops home.

At home, the President held the line on excessive spending proposed by Congressional Democrats, and Congress reached an agreement on a spending bill to fund the day-to-day operations of the Federal government without raising taxes.

Our economy has seen a record 51 months of consecutive job growth, with more than 8.3 million jobs created since August 2003.

In addition, the President has taken administrative actions to alleviate air congestion and reduce airline delays, enhance import safety, improve border security and the immigration system, and help struggling American homeowners keep their houses.
National Security

IRAQ: Our strategy in Iraq is guided by the principle of "return on success" – and as we are seeing more success in Iraq, we are beginning to bring some of our forces home. Since the surge of operations reached full strength in June, violence in Iraq has significantly decreased in virtually every category, including civilian casualties, coalition casualties, IED events, suicide attacks, and ethno-sectarian violence. Overall, terrorist attacks are at their lowest levels since January 2006, and trending downward. Iraqi forces have assumed responsibility for security in nine of 18 Iraqi provinces, and brave Iraqis are increasingly taking responsibility for their own security throughout the country.

The United States is bringing 5,700 troops home without replacement by the end of the year as a result of progress made by the surge of operations.

Significant "bottom up" progress is occurring at the local level in Iraq, where thousands of concerned local citizens are volunteering to support security in their neighborhoods, and provincial governments continue to spend national revenue on reconstruction. For example, the Mosul Airport recently reopened for commercial flights for the first time in 14 years after the Ninewa Provincial Council, Iraqi Ministries of Transportation and Finance, and the U.S. Department of State partnered to renovate the passenger terminal.

On the diplomatic front, Iraq successfully launched two major initiatives this year. The International Compact, co-sponsored with the United Nations, laid out a comprehensive five year reform plan that is supported by over 60 international partners. Iraq also engaged other countries in the region in the "Neighbors Process" – an initiative to work cooperatively to support stability in Iraq and address concrete regional problems such as refugees, border security, and energy.

MIDDLE EAST PEACE: On November 27, President Bush and Secretary of State Rice hosted Israeli Prime Minister Olmert, Palestinian President Abbas, and representatives of more than 40 countries at an international conference in Annapolis. This conference focused on supporting the efforts of Prime Minister Olmert and President Abbas to realize President Bush's vision of two democratic states, Israel and Palestine, living side-by-side in peace and security. President Bush will visit the Middle East in January.

ENCOURAGING FREEDOM, JUSTICE, AND PROSPERITY: The President has stood firmly behind those who are struggling to establish free societies. The Administration has nearly doubled funding for democracy and human rights since 2001, and this year, President Bush has met with around 50 dissidents. The Administration also established a Human Rights Defenders' Fund and has created the Freedom Defenders Award and the Diplomacy for Freedom Award. Mrs. Bush has been a lead supporter of the Burmese people's demands for reconciliation and basic human rights, and on October 19, President Bush announced additional sanctions on the leaders of Burma's brutal military regime. This year, the President also announced expanded and tightened sanctions against the Government of Sudan, which continues to violate its numerous commitments to stop violence and suffering in Darfur, as well as further measures to help the Cuban people prepare for a transition to a democratic future.

NORTH KOREA: On October 3, North Korea committed under a new Six Party agreement to providing a complete and correct declaration of all its nuclear programs, nuclear weapons programs, materials, and any proliferation activity. North Korea has started on its commitment to disable all its existing nuclear facilities by beginning to disable the core nuclear facilities at Yongbyon. The government also committed not to transfer nuclear materials, technology, or know-how beyond its borders.

ADVANCING SOCIAL JUSTICE IN LATIN AMERICA: Reaffirming his commitment to the Western Hemisphere, President Bush announced initiatives to support Latin American nations in delivering the benefits of democracy to all. The United States deployed the USNS Comfort, a U.S. Navy medical ship, to 12 nations, where it served more than 98,000 individuals with primary care. The President announced the Partnership with Latin American Youth to provide English language and vocational training for disadvantaged youth throughout the hemisphere. To promote prosperity and economic opportunity, the United States also launched separate initiatives to help build a market for affordable housing for working families and increase the access to capital for small businesses to expand.
Economy

JOB CREATION: More than 8.3 million jobs have been created since August 2003 in the longest continuous run of job growth on record. The President's pro-growth policies are working – our economy has now added jobs for a record 51 consecutive months, and the unemployment rate has remained low at 4.7 percent.

KEEPING TAXES LOW AND RESTRAINING SPENDING: The President held firm on his commitment to fiscal discipline, and his leadership resulted in Congress holding the budget to his reasonable and responsible spending levels. In addition, the President's commitment to low taxes paid dividends. Congress' final spending bills do not contain tax increases on America's small businesses and families.

REVENUE GROWTH: The Federal deficit declined by $250 billion in the last three years. In FY07, tax revenues grew by $161 billion to reach $2.568 trillion, the highest level of Federal revenues ever recorded. That is an increase of 6.7 percent, and it builds on the 14.5 percent and the 11.8 percent increase in revenues during the last two years. With Federal revenues at their highest level in history, the American people are not undertaxed. As families are dealing with rising mortgage rates, higher gas prices, college costs, and health care expenses, the last thing they need is a tax increase like the ones that Congressional Democrats have proposed.

FREE AND FAIR TRADE: On December 14, President Bush signed the United States-Peru Trade Promotion Agreement Implementation Act into law. This marks approval of the first of four free trade agreements that fulfill the May 10 bipartisan trade agreement with Congress, under which enforceable labor and environmental provisions were included in pending free trade agreements. The President now calls on Congress to secure enhanced market access for U.S. companies and strengthen alliances with three key allies through approval of free trade agreements with Colombia, Panama and South Korea.

ENFORCING OUR TRADE AGREEMENTS: The United States brought three WTO cases against China in 2007 which have already brought tangible results. China settled one case by agreeing to eliminate a number of subsidies – a result that will make a more level playing field for U.S. manufacturers. The U.S. also won a WTO case against Turkey, gaining market access for U.S. farmers. USTR also brought disputes against India on its unfair duties on wines, spirits, and a wide range of products, as well as against Canada for its refusal to comply with the recent Softwood Lumber Agreement.

IMPORT SAFETY: On July 18, President Bush established the Working Group on Import Safety to conduct a comprehensive review of the U.S. import system and identify ways to further increase the safety of imports entering the United States. On November 6, the Working Group presented to President Bush its Action Plan, with short- and long-term recommendations for continuing to improve the safety of imports.

AVIATION CONGESTION: In September, President Bush directed the Department of Transportation (DOT) and Federal Aviation Administration (FAA) to develop a strategy to reduce aviation congestion. In November, the President announced a series of short- and longer-term steps to address air traffic congestion and delays, including making military airspace available for use by civilian airliners over Thanksgiving and three new proposed DOT regulations to help ensure air travelers are treated fairly. In December, Secretary Peters announced a second series of short- and long-term steps to meet the President's challenge and to help alleviate delays over the Christmas holidays and before next summer's busy travel season. These steps include operational improvements and voluntary agreements with the airlines to set hourly flight limits while increasing the number of daily flights into and out of the New York area and new market-based leasing of new operational capacity as it comes on-line. In the coming weeks, DOT will continue to explore policies and programs, including even broader market-based measures, to improve airport efficiency and investments.

HOUSING: This month, President Bush announced that representatives of HOPE NOW, a private-sector coalition assembled by Secretaries Paulson and Jackson, have developed a plan under which up to 1.2 million homeowners could be eligible for mortgage assistance. HOPE NOW was assembled in response to the President's call to action in August and is an example of government bringing together members of the private sector to voluntarily address a national challenge to help struggling homeowners – without taxpayer subsidies or government mandates.

The President and his Administration have also launched a new initiative at the Federal Housing Administration (FHA) called FHASecure. With some additional flexibility, FHA expects to help more than 300,000 families with a safe and affordable home mortgage refinancing option by the end of 2008.

Homeland Security

PROTECT AMERICA ACT: In August, the President signed the Protect America Act of 2007, which closed critical intelligence gaps that threatened the safety of our Nation. The Protect America Act (PAA) modernized the Foreign Intelligence Surveillance Act of 1978 (FISA) to provide our intelligence community essential tools to acquire important intelligence information about foreign terrorists abroad who want to harm America. Unfortunately, critical provisions of the PAA expire on February 1, and Congress must act to keep our Nation safe by making these tools permanent and provide meaningful liability protection for companies who are believed to have assisted the Government after 9/11.

BORDER SECURITY: The Administration has taken steps within existing law to secure our borders more effectively. In 2007, we exceeded our goal of 145 miles of fencing at the border, and are on track to strengthen the border with 18,300 Border Patrol agents, 370 miles of fencing, 300 miles of vehicle barriers, additional cameras and radar towers, and three additional unmanned aerial vehicles by the end of 2008. The Administration has also instituted a policy of "catch and return," ensuring that all removable aliens caught trying to cross the border illegally are held until they can be returned to their home countries.

IMMIGRATION ENFORCEMENT: In 2007, ICE removed roughly 240,000 illegal aliens, made over 850 criminal arrests, and fined or seized more than $30 million following worksite investigations. The Department of Homeland Security has issued a "No-Match" regulation to help employers ensure their workers are legal and help the Government identify and crack down on employers who knowingly hire illegal workers. Unfortunately, this useful regulation is being held up by misguided litigation.

COUNTERTERRORISM: Working with our partners overseas, U.S. efforts to combat terrorism have contributed to the arrest of terrorist suspects and have disrupted plots aimed at both the United States and its allies. For example, in September, U.S. and German authorities disrupted a major terrorist plot resulting in the arrest of three suspects who were planning to attack a U.S. military base in Germany as well as Frankfurt International Airport. In June, the United States worked with authorities in Trinidad to arrest four men suspected of planning to blow up fuel tanks and a fuel pipeline at the John F. Kennedy International Airport.

NATIONAL STRATEGY FOR HOMELAND SECURITY: In October, the President issued an updated National Strategy for Homeland Security, which is serving to guide, organize, and unify our Nation's homeland security efforts. The Strategy articulates our approach to secure the Homeland over the next several years, reflects our increased understanding of the threats confronting the United States, incorporates lessons learned from exercises and real-world catastrophes, and articulates how we should ensure our long-term success by strengthening the homeland security foundation we have built.

9/11 COMMISSION ACT: On August 3, the President signed the "Implementing Recommendations of the 9/11 Commission Act of 2007." This legislation protects Americans from being unduly prosecuted for reporting activity that could lead to acts of terrorism, and takes steps to modernize the VISA Waiver Program, particularly the additional security measures. The President continues to work with Congress to advance security and foreign policy objectives by allowing greater flexibility to bring some of our closest allies into the program.

Energy Security And Climate Change

REDUCING U.S. GASOLINE CONSUMPTION: On December 19, President Bush signed the Energy Independence and Security Act of 2007, which will improve vehicle fuel economy and help reduce U.S. dependence on oil. The Act responds to the challenge of the President's bold "Twenty in Ten" initiative, which he announced in the State of the Union address, and will:

Increase the supply of alternative fuel sources by setting a mandatory Renewable Fuel Standard (RFS) requiring fuel producers to use at least 36 billion gallons of biofuel in 2022.
Reduce U.S. demand for oil by setting a national fuel economy standard of 35 miles per gallon by 2020 – which will increase fuel economy standards by 40 percent and save billions of gallons of fuel.

BALI CONFERENCE: The United States joined the global consensus at the UN Climate Conference in December to launch global climate talks. While the United States has serious concerns that the decision does not make clear enough the important role of major developing economies, it is a critical first step in assuring that the UN negotiation process moves forward toward a comprehensive and effective post-2012 arrangement by 2009. The United States looks forward to participating in the negotiations envisioned in the Bali Roadmap, in the Major Economies Process, in the G-8, and in other appropriate channels to achieve this goal.

MAJOR ECONOMIES MEETING: On September 27-28, the United States hosted representatives of 17 world leaders plus the United Nations in the first Major Economies Meeting on Energy Security and Climate Change. This meeting was part of the new initiative President Bush announced in May 2007, just before the G-8 Leaders Summit, to further the shared objectives of reducing greenhouse gas emissions, increasing energy security and efficiency, and promoting strong economic growth. It was the first of a series of meetings that will bring the world's major economies together to develop a detailed contribution to address energy security and climate change when the Kyoto Protocol targets expire in 2012.
Health Care

WOUNDED WARRIORS: The Administration is implementing the recommendations of the President's Commission on Care for America's Returning Wounded Warriors that can be achieved administratively. In March, President Bush signed an Executive Order creating this bipartisan commission, co-chaired by Senator Bob Dole and Secretary Donna Shalala, to conduct a comprehensive review of the services America is providing our returning wounded warriors. The Commission released its findings on July 25, 2007, and the Administration has already moved forward with steps to implement the Commission's six recommendations that can be achieved administratively. In addition, the President sent Congress legislation to implement the remaining recommendations that require Congressional action. Congress included in the National Defense Authorization Act for Fiscal Year 2008 some recommendations for wounded warrior assistance.

ACCESS TO AFFORDABLE PRIVATE HEALTH INSURANCE: The President has proposed measures to make private health insurance more affordable and accessible and give patients more choices and control over their health care. Unfortunately, Congress moved forward with SCHIP legislation that would have raised taxes and moved 2 million children covered by private health insurance onto government-run programs. The President believes the path of government-run health care is the wrong path for American families, American medicine, and the American economy, so he vetoed these bills. The Administration is pleased that Congress has now passed legislation to extend SCHIP until March 31, 2009, without raising taxes.

HIV/AIDS: Since 2001, the Administration has delivered more than $129 billion to fight HIV/AIDS both at home and abroad. On May 30, 2007, the President announced his proposal to double America's initial $15 billion commitment to fight global HIV/AIDS through the President's Emergency Plan for AIDS Relief (PEPFAR). The American people will have committed $48.2 billion over 10 years to fight HIV/AIDS if Congress continues to support the President's plan, including his proposal to provide $30 billion over the next five years. At the G-8 Leaders Summit, the President rallied other G-8 member states to commit to reaching similar targets and to commit $30 billion.

MALARIA: The President's Malaria Initiative (PMI) is combating malaria in 15 of the hardest-hit African countries. A five-year, $1.2 billion program, PMI challenges the private sector to join the U.S. government in combating malaria, with the goal of cutting malaria's mortality rate by 50 percent in these target countries. By September 2007, PMI had distributed 2.3 million long-lasting insecticide-treated mosquito nets since its launch in 2006. Mrs. Bush highlighted these efforts, along with PEPFAR, during a four-country trip to Africa in June 2007. In addition, at the G-8 Leaders Summit, the President's leadership led other G-8 member states to commit to partnering with additional targeted countries so that together 85 percent of the world's malaria victims would be treated.

U.S.-MIDDLE EAST PARTNERSHIP FOR BREAST CANCER AWARENESS AND RESEARCH: In October, Mrs. Bush participated in a four-country tour of the Middle East promoting breast cancer awareness, the leading cause of death among women in the Middle East. While in the region, Mrs. Bush met with key officials, medical and educational leaders, and leaders of women's groups. She also visited several cancer treatment and screening centers and launched new cancer awareness activities. Mrs. Bush observed first-hand the U.S.-Middle East Partnership for Breast Cancer Awareness and Research and discussed ways to expand its role.

STEM CELL RESEARCH: In June, President Bush signed an Executive Order to strengthen our Nation's commitment to research on pluripotent stem cells. The Order was a natural extension of the President’s policy and commitment to advancing non embryo-destructive research methods, which made it more likely that exciting ethical advances in this field would continue to unfold, such as the important breakthrough in November that researchers can now reprogram human skin cells to behave like embryonic stem cells.

MEDICARE PART D: More than 9 million low-income beneficiaries are getting comprehensive drug coverage for little or no cost through Medicare Part D. In December, a Wall Street Journal Online/Harris Interactive survey of U.S. adults age 65 or older showed 87 percent of those enrolled in a Medicare drug benefit plan are satisfied with their plan.
Education

NATION'S REPORT CARD: This year's release of record high scores on the Nation's Report Card are an indication that No Child Left Behind is working. In math, scores for 4th and 8th graders were the highest they have ever been, and in reading, scores for 4th graders were also the highest on record. The Report Card also showed African-American and Hispanic students are making significant progress, posting all-time highs in a number of categories.

COLLEGE COST REDUCTION: In September, President Bush signed the College Cost Reduction and Access Act of 2007, which will make college more affordable for low-income students by increasing funding for Federal Pell Grants by more than $11 billion.

AMERICA COMPETES: On August 8, President Bush signed the AMERICA COMPETES Act, furthering the goals of his American Competitiveness Initiative. The Act supports doubling funding for basic research programs in physical sciences; authorizes the President's Math Now proposal to improve instruction in mathematics; and authorizes the President's proposed expansion of the advanced placement/international baccalaureate program.

HELPING AMERICA'S YOUTH: Mrs. Bush has continued leadership of the Helping America's Youth Initiative, attending regional conferences and highlighting programs which are helping America's young people. The Helping America's Youth initiative is a nationwide effort to raise awareness about the challenges facing our youth, particularly at-risk boys, and to motivate caring adults to connect with youth in three key areas: family, school and community.
Environment

NATIONAL PARKS CENTENNIAL INITIATIVE: The President's 2008 Budget provided up to a $3 billion infusion of new funds over the next 10 years on top of the largest National Parks operations budget in history, including the largest ever increase for park operations. In honor of the 90th anniversary of the Park Service, the President organized a 10-year effort to leverage increased government investment with private philanthropy. National Parks will use these funds to hire 3,000 more seasonal rangers, maintain buildings, conserve natural landscapes, encourage volunteers, and enroll more children in the Junior Ranger program. The Budget also included a "Centennial Challenge" to individuals, foundations, and the private sector to contribute at least $100 million per year for another $1 billion over 10 years.

PROTECTING OUR OCEANS AND CONSERVING MARINE RESOURCES: In January, the President signed the Magnuson-Stevens Fishery Conservation and Management Reauthorization Act. This Act ends overfishing in America, helps us replenish our Nation's fish stocks, and advances international cooperation and ocean stewardship. Additionally, President Bush signed an Executive Order in October to conserve two of America's most popular recreational fish – striped bass and red drum fish – for the recreational, economic, and environmental benefit of present and future generations of Americans. In November, the Administration released a new Marine Debris Initiative to address the estimated 6.4 million tons of marine debris that litters the world's oceans and coasts.

Headline News

December 18, 2007 06:14 AM Pacific Time

FirstFlight Appoints Special Committee to Study Strategic Options; Laidlaw & Company (UK) Ltd. Appointed Financial Advisor

Enhanced Stockholder Value Sought

ELMIRA, N.Y.--(BUSINESS WIRE)--FirstFlight, Inc. (OTCBB:FFLT), a charter management and aviation services company, today announced that its Board of Directors has decided to explore a broad range of strategic alternatives to enhance stockholder value. The Board has appointed a special committee drawn from its independent members to study these alternatives and has retained Laidlaw & Company (UK) Ltd., as its financial advisor to assist in this effort. The Board has taken this action in response to a number of acquisition opportunities and to a recent unsolicited indication of interest in the acquisition of FirstFlight.

FirstFlight previously announced record results for the nine months to September 30, 2007. Revenues rose to almost $35.1 million up from $29.8 million in the nine months to September 30, 2006. In 2007’s first nine months, revenue was composed of: $28.5 million in charter management (up from $23.4 million in the same period prior year), another $4.5 million from fixed base operations (FBO, up from $4.2 million in the nine months through September 30, 2006), and $2.1 million from aircraft maintenance, off slightly from $2.2 million in the same period of 2006.

The Company reported a net income for the first nine-months of 2007 of $183,868, an improvement from the $2.5 million net loss for the first nine month of 2006. FirstFlight’s management credits the turn around to the completion of a program to improve costs, a larger fleet of managed aircraft, a better mix of mid- to large-cabin aircraft, conversion of preferred shares and repayment of senior debt.

John Dow, President and CEO of FirstFlight said, “We engage in the aircraft charter management and aircraft maintenance businesses as well as FBO activities such as fueling and hangaring for general aviation. We believe that these markets are attractive for consolidation. At the same time, The National Air Transportation Association (NATA) pointed out last year that 30% of charter travelers have almost totally abandoned the scheduled airlines for their travel needs, in large part due to the security aggravations brought on by 9/11 and service that has declined in recent years. We anticipate that this trend is going to continue and will increase demand for our services. Indeed, we hired Marketshare Development Inc., a marketing company based in Scranton, Pennsylvania, to help us continue developing our business. FirstFlight has had a year of consolidation, and we believe we are now in a position to explore ways to take advantage of these market conditions.

“Looking at our business segments individually, one can see that there are a great many opportunities, and the new committee will be involved in separating the good prospects from those that are less attractive. The charter management segment of the aviation industry where we operate is defined as those operators flying under Federal Aviation Regulations (FAR) Part 135 covering aircraft with 30 seats or fewer and up to 7,500 pounds of payload. NATA noted last year that there were approximately 3,000 holders of Part 135 charter certificates, which include 2,550 for fixed wing aircraft and 450 for helicopter operators. We are confident that there are economies of scale that can be achieved through consolidation in this highly fragmented market.

“Our FBO business operates in a similarly fragmented and diffuse market. Here, NATA said that there are over 3,000 operators who serve customers at one or more of the over 3,000 airport facilities that have at least one paved 3,000-foot runway. The vast majority of these companies are single location operators. Aircraft maintenance is similarly structured.”

Dow concluded, “We have reached an important stage in our development, and the research and deliberations of this committee in examining our strategic options will result in an active and exciting 2008.”

FirstFlight also noted that there can be no assurance that the exploration of these strategic alternatives will result in any transaction. FirstFlight does not intend to disclose developments with respect to the exploration of strategic alternatives unless and until its Board of Directors has approved a specific transaction.

Laidlaw & Co., which has been involved with FirstFlight since its infancy, possesses a wealth of industry knowledge and years of transactional experience, allowing it to raise capital and advise clients who seek efficient market access and creative solutions to their corporate financing needs. With investment banking expertise and merchant banking capital under one umbrella, Laidlaw is uniquely suited to serve emerging growth companies and satisfy special situation funding requirements.

About FirstFlight, Inc.

FirstFlight is an aviation services company. Its operations are conducted in three core segments: aircraft charter management activities, aircraft maintenance, and fix based operations. Charter management is the business of providing on-call passenger air transportation. A fixed base operation is the primary provider of services such and fueling and hangaring of private/general aviation aircraft operators. The aircraft maintenance business is conducted at FirstFlight’s FAA-certified facilities.

This release may include projections of future results and “forward-looking statements” as that term is defined in Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities and Exchange Act of 1934 as amended. All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although the management of FirstFlight believes that the expectations reflected in these forward-looking statements are reasonable, there are no assurances that such expectations will prove to have been correct.

Headline News

December 18, 2007 05:30 AM Pacific Time

Aerosonic’s Subsidiary, Avionics Specialties, Inc. Conducting Environmental Site Assessment

EARLYSVILLE, Va.--(BUSINESS WIRE)--Avionics Specialties, Inc., a wholly owned subsidiary of Aerosonic Corporation (AMEX:AIM), an aviation technology manufacturer, is conducting an environmental site assessment at its Earlysville plant which is closing at the end of this month.

The company conducted environmental testing as part of the due diligence process as it prepared to sell the Earlysville property. Results from the on-site testing detected the presence of chlorinated solvents in soil and groundwater on the plant property. Further testing is being undertaken to define the extent of this contamination and the proper course of action for remediation.

Avionics Specialties, Inc. has notified and engaged the Virginia Department of Environmental Quality (DEQ), the agency with jurisdiction and responsibility for environmental issues, about this matter and has applied to participate in the DEQ’s Voluntary Remediation Program. Additionally, the company has informed the public agencies, local governmental and political leaders and is conducting outreach to neighbors.

Since the company does not have any facts about possible off-site migration of contaminants at this point, the next phase of the assessment will focus on the Airport property adjoining the Avionics Specialties property and the wells of the closest neighbors in the Walnut Hill community, on the other side of the Airport property. No residential properties adjoin the Avionics Specialties property. The testing of the residents’ wells is being undertaken as a precautionary measure and a responsible course of action in the assessment process.

Based on the company’s ongoing investigation, including interviews with long-term and former employees, and research of the company’s files, these chlorinated solvents were not used by Avionics Specialties. The solvents found were used as degreasing agents by previous occupants of the plant during the first several decades of the plant’s operations, which date back to 1954. Avionics Specialties purchased the property in 1993. As the current owner of the property, Aerosonic is responsible for the clean-up of the site.

“In determining our course of action over the past few days, it came down to the fact that we believe people come first,” said Mark Perkins, Interim CEO-Avionics Specialties, Inc. “While we don’t have the facts about any offsite impacts, our goal in reaching out to our neighbors is not to alarm anyone, but rather to assure them that we are taking the most responsive and responsible course of action in dealing with this situation.”

Avionics Specialties has hired independent professionals to take water samples in one day and an independent lab specializing in water testing will test the samples. The lab advises that results will be available within 48 hours, and will be provided to the residents as soon as possible. In the event that solvents are detected in drinking water, they can be removed by a carbon filter system placed on the well system.

About Avionics Specialties, Inc.

Avionics Specialties pioneered the development of Angle of Attack (AOA) and Stall Warning devices for high performance aircraft, and continues to introduce new technologies, such as the Integrated Multi-Function Probe and STAT429 Self Testing Angle of Attack Transmitter that contribute to the greater efficiency and safety of many different aircraft.

The Earlysville manufacturing operations have been relocated to the Clearwater, Florida location of its parent company, Aerosonic Corporation, to improve manufacturing efficiencies.

Headline News

December 19, 2007 03:00 AM Pacific Time

Air Travelers Association Asks Secretary Peters - What Do Auctions of Slots At JFK Airport Have to Do with Reducing Delays and Congestion in the New York/Newark Area?

Bush Administration is expected today to cap flights at JFK and perhaps Newark Airports, and may propose to withdraw and auction off up to 10% of the slots at JFK to the highest bidder.


POTOMAC, Md.--(BUSINESS WIRE)--David Stempler, President of the Air Travelers Association, today asked Secretary of Transportation Mary Peters what place auctions of slots have in the program to reduce congestion and delay in the New York/Newark metropolitan area. According to Stempler, under the slot auction plan expected to be delivered by Secretary Peters today, “All we end up with is the same number of planes, but with different paint jobs on the side. Unless those planes are helicopters, these slot auctions provide no relief to the congestion and delay problem at the New York/Newark airports.”

According to Stempler, “Higher fares may result from the auctions, because the airline winners of the auctions will have to pay a very high price for the slots, and this inevitably will be passed onto passengers in the form of higher airfares. These high slot auction costs for passengers will be added to the higher airfares from slots caps and higher fuel prices. All of this will add up to significantly higher airfares. These DOT proposals to raise airfares come at a time when airlines are stressed financially and the economy is struggling to stay out of recession.”

Stempler continued, “The mere threat of taking and then auctioning off slots will cast a pall over the financial markets and creditworthiness of both airlines and airport authorities and the financial institutions that financed them. So whatever the Government gains from the slot auctions, will be lost in lower stock and bond prices, lower corporate income tax and excise tax revenues, and lower employment, all at a time when the Government can least afford it with the subprime mortgage crisis.”

“The Air Travelers Association truly believes that the best market-based solution for the aviation congestion problem is the market itself. Apparently the Bush Administration doesn’t feel that the market is the best solution, so it is using big Government’s regulatory powers to attempt to solve it, something that President Bush promised that he would not do in his last two presidential elections campaigns.”

Stempler continued, “Our view of slot auctions is that they should only be used for new capacity created at an airport. New capacity means just that - new airport slot capacity gained from new runways, taxiways, or air traffic control improvements. Slots that result from merely returning to prior slot usage is not new capacity, and the numbers should not be rigged to call them ‘new slots’.”

The Air Travelers Association ( http://AirTravelersAssociation.com ), founded in 1997, advocates for airline passengers on airline safety, security, savings, and service. David Stempler, President of the Air Travelers Association, was the airline passenger/consumer representative on the New York Aviation Rulemaking Committee to reduce aviation congestion and delay in the New York metropolitan area, David Stempler is an internationally known authority on airline passenger and air travel issues.

Headline News

December 18, 2007 09:19 AM Pacific Time

Tank Services Benefits from Satamatics’ TAM-120 Tracking Unit Gaining Class 1, Division 2 Certification

Tracking Unit, Certified for Use in Hazardous Environments, Allows Monitoring of Volatile Materials

TEWKESBURY, England & WASHINGTON--(BUSINESS WIRE)--Satamatics, the global provider of satellite telematics, asset tracking and monitoring services, has supplied Tank Services with its newly Class 1, Division 2 certified TAM-120 tracking and monitoring product.

In recent years Tank Services, the Texas based company, has as part of its offering supplied Satamatics’ products and services. Many of its clients routinely transport hazardous materials both inside and outside of the United States and in doing so require real-time fleet tracking. Chevron operates a fleet of 150 aviation fuel containers that travel throughout the Caribbean and South America and amongst a few other fortune 100 companies, were the first to use the TAM prototype several years ago. Now, with Class 1, Division 2 certification, many other companies with large HAZMAT fleets are likely to follow in Chevron’s footsteps.

Erick Garcia, Vice President of Tank Services, commented, “We started working with Satamatics in 2005 as a reseller, targeting the intermodal tank equipment and monitoring market. At the time we were trying to use GPRS-based cell-phone tracking systems but found the coverage area and roaming capabilities were very limited. Since moving to Satamatics’ Inmarsat-based satellite tracking system we have had many successful trials and have moved to full scale deployments with several different chemical companies’ ISO tank container and skid fleets.”

Class 1, Division 2 certification has given Tank Services the ability to extend its service offering to its customers who distribute volatile hazardous materials, chemicals, gases and fuels.

The TAM-120 provides global GPS tracking and sensor monitoring for fixed and mobile assets such as trailers, containers, tanks and railcars. With a typical battery life of five to ten years there is no need for an external power source. The Class 1, Division 2 certification, part of the United States hazardous areas classification system, guarantees the intrinsic safety of the TAM-120 when in hazardous environments as it ensures that the electrical and thermal energy in the system will always be low enough that ignition inside the explosive atmosphere cannot occur.

Garcia continued, “The fact that Satamatics’ TAM-120 product has recently received Class 1, Division 2 certification will give us greater penetration into our customer base including monitoring onboard sensors such as the level of liquid inside tanks. We look forward to continued success with Satamatics and its product and service offerings.”

About Satamatics

Satamatics is a global telematics company, which provides customised, end-to-end tracking and monitoring solutions that will work anywhere in the world. Satamatics enables land transport, security, maritime and oil and gas organisations to locate, track and communicate with mobile assets, safeguard their fleets, cargo and personnel, and monitor their fixed and mobile assets in the most hostile or remote terrains in the world.

The privately owned company was founded in Gloucestershire, UK, in April 2001. Satamatics has been placed in The Sunday Times Microsoft Tech Track 100 for two years running. This annual league table ranks Britain's fastest-growing private technology companies and is based on sales growth between 2004 and 2006. Over the period Satamatics’ sales grew by 65% a year, from $5.1m in 2004 to $14.8m in 2006.

www.satamatics.com

Headline News

December 18, 2007 04:00 AM Pacific Time

OSI Systems Awarded Approximate $5.0 Million Contract for New Automated Multi-View X-ray Systems for Aviation Checkpoint Screening

Advanced System Designed to Expedite Passenger Screening at Aviation Checkpoints

HAWTHORNE, Calif.--(BUSINESS WIRE)--OSI Systems, Inc. (Nasdaq:OSIS), a vertically-integrated provider of specialized electronic products for critical applications in the security and healthcare industries, announced today that its Security division, Rapiscan Systems, has received a contract for approximately $5.0 million from an undisclosed international aviation customer for its new Rapiscan MVXi multi-view X-ray systems for passenger screening.

The Rapiscan MVXi is a multi-view X-ray system designed with advanced software to highlight explosives and other potential threat objects. Additionally, the multi-view platform also reduces the need to reposition carry-on bags during the inspection process thereby expediting the passenger screening process which, together with the systems lighter weight and energy efficient design is expected to lower the airports’ long-run cost of ownership.

Ajay Mehra, President of Rapiscan Systems, stated, “The Rapiscan MVXi is among the most advanced checkpoint X-ray systems currently on the market. The system, designed specifically towards improving security and passenger throughput at the aviation checkpoint, should ultimately lead to shorter queues, fewer delays and less hassle during the passenger screening process. Initial customer response has been extremely positive and we are currently involved in active discussions with numerous international aviation customers regarding these new X-ray systems.”

About OSI Systems, Inc.

OSI Systems, Inc. is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products in diversified markets, including homeland security, healthcare, defense and aerospace. The Company has more than 30 years of experience in electronics engineering and manufacturing and maintains offices and production facilities located in more than a dozen countries. It implements a strategy of expansion by leveraging its electronics and contract manufacturing capabilities into selective end product markets through organic growth and acquisitions. For more information on OSI Systems, Inc. or any of its divisions, visit www.osi-systems.com.

About Rapiscan Systems

Rapiscan Systems, a division of OSI Systems, Inc. is a leading supplier of high quality security inspection solutions utilizing X-ray and gamma-ray imaging, and advanced threat identification techniques such as neutron and diffraction analysis. The company’s products are sold into four market segments; Baggage and Parcel Inspection, Cargo and Vehicle Inspection, Hold Baggage Screening and People Screening. The company has an installed base globally of more than 50,000 security and inspection systems. The Rapiscan Systems product line is manufactured at four locations and supported by a global support service network. For more information on Rapiscan Systems, please visit www.rapiscansystems.com .

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding the Company’s expectations, goals or intentions about the future, including the Company’s predictions with regard to the prospective performance of, and market acceptance of, its products. The actual results may differ materially from those described in or implied by any forward-looking statement. Other important factors are set forth in our Securities and Exchange Commission filings. All forward-looking statements speak only as of the date made, and we undertake no obligation to update these forward-looking statements.

Contacts
OSI Systems, Inc.
Jeremy Norton, 310-349-2237
Vice President, Investor Relations
jnorton@osi-systems.com
At A Glance
OSI Systems Inc.
Headquarters: Hawthorne, California
Website: http://www.osi-systems.com/
CEO: Deepak Chopra
Employees: 2,400
Ticker: OSIS (NASDAQ)
Revenues: $385.0M (2005)
Net Income: $(3.2)m (2005)
Source: via Business Wire
Updated 10/13/2005 by company

Headline News

December 17, 2007 09:05 AM Pacific Time

DynCorp International Awarded Additional Option Year on 89th Airlift Wing Support Contract

FALLS CHURCH, Va.--(BUSINESS WIRE)--DynCorp International (NYSE:DCP) has been awarded an additional option year by the USAF 89th Airlift Wing to support the Presidential Airlift Fleet. The contract – originally worth $280 million – is now valued at $357.9 million.

The DynCorp International (DI) team received a 7th consecutive “Excellent” evaluation by the Award Determining Board, resulting in the award of the option through September 2010. DI employs 500 people at Andrews Air Force Base to support this effort.

About DynCorp International

DynCorp International (NYSE:DCP) is a provider of specialized mission-critical services to civilian and military government agencies worldwide, and operates major programs in law enforcement training and support, security services, base operations, aviation services, contingency operations, and logistics support. Headquartered in Falls Church, Va., DynCorp International has approximately 14,000 employees worldwide. For more information, visit www.dyn-intl.com

Headline News

December 17, 2007 07:30 AM Pacific Time

GE Aviation Selects Kansas State for New University Development Center

GRAND RAPIDS, Mich.--(BUSINESS WIRE)--GE Aviation today announces the selection of Kansas State University for a University Development Center to be located in Manhattan, Kansas. The new facility is projected to include about 43 engineering jobs within two years.

“GE has a long standing tradition of incorporating college interns into our work force so we have a great appreciation for what engineering students can contribute,” commented Stuart Mullan, president of the digital systems business of GE Aviation. “We’re pleased to be able to invest in our youth through collaboration with Kansas State. This center will create a strong pool of emerging engineers to provide design and development work for our aerospace programs.”

The engineering staff at GE’s University Development Center will perform various engineering services including software development, verification and validation, mechanical design and hardware design. GE is currently reviewing location options and plans on occupying the Center in the second quarter of 2008.

K-State President Jon Wefald said, "We are excited about GE Aviation selecting K-State because it is a tribute to the quality of our faculty and students."

The Kansas Department of Commerce, the City of Manhattan and K-State collaborated to bring a GE Aviation University Development Center to K-State and Manhattan. The incentive package from the city (pending approval by the Manhattan City Commission) totals $348,000. With the forgivable loan and tax credits, the Department of Commerce offered $240,000 in total incentives.

"The GE Aviation project has been a perfect example of cooperation between K-State, the K-State Foundation, the City of Manhattan, the State of Kansas, and the Manhattan Area Chamber of Commerce," said Chamber President and CEO Lyle Butler.

GE plans to actively recruit Kansas State University students for internships, co-ops and entry level positions for May 2008. Applicants can view positions and apply at www.soaringcareers.com

"GE Aviation will be a great asset to the community and the campus," said John English, dean of K-State's College of Engineering. "The company's investment in Manhattan is a credit to the quality of our students and faculty in engineering and speaks volumes about the strength of our engineering programs. We are looking forward to this innovative partnership."

This project is administered through the Systems division of GE Aviation in Grand Rapids, Michigan.

GE Aviation, an operating unit of General Electric Company (NYSE:GE), is a world-leading provider of commercial and military jet engines and components as well as integrated digital, electric power, and mechanical systems for aircraft. GE Aviation also has a global service network to support these offerings. For more information, visit us at www.ge.com/aviation

Headline News

December 14, 2007 01:00 PM Pacific Time

Unprecedented Growth at BRS Brings
New Strategic Planning

SOUTH ST. PAUL, Minn.--(BUSINESS WIRE)--Ballistic Recovery Systems, manufacturer of whole-airframe parachute systems, announced today that it is realigning senior management in the company to respond to the recent growth of the company. In the last 12 months, BRS has announced that its whole airframe parachute systems would appear in seven new airframes.

The company also announced that it had formed a significant strategic alliance with CIMSA, that it had, through the acquisition of certain assets of Head Lites Corporation, formed Advanced Tactical Fabrication (ATF) to help focus on textile fabrication operations for products both related to US Department of Defense work and civilian applications, that it has provided a parachute recovery systems to CIRA, the Italian Aerospace Research Center, and that it has established a new manufacturing facility near Ft. Bragg in North Carolina to address the growing DoD market. Ballistic Recovery Systems finds itself in the enviable position of having to make adjustments for unprecedented growth opportunities.

“This is the kind of problem you look forward to having,” says BRS CEO Larry Williams. “Growing at this rate requires us to adjust our senior management team.”

BRS will restructure its core operations to allow for implementation of a larger and realigned management structure. Chief Financial Officer Don Hedquist is stepping aside to make room for a new finance team. Gary Moore has taken the reins as Vice President of Sales & Marketing; David E. Blanchard is now the General Manager for BRS; while Norman Girdwood takes over General Manager responsibilities at the new BRS Fabrication division facility in Pinebluff, NC.

“BRS has become more of an international player this year,” Williams says, “and we only expect that to continue. For those of us who have been working at BRS over the years, it’s wonderful to see the success of our efforts.”

Testing is currently underway on a new, larger parachute system which is designed for installation on personal jets. Epic Aircraft has announced it will include a BRS parachute on its new Victory jet and Diamond Aircraft has slated a parachute on its D-Jet. These two aircraft will become the first civilian jets in history to have this remarkable safety system.

About Ballistic Recovery Systems and Advanced Tactical Fabrication

Based in South Saint Paul, Minnesota, BRS designs, manufactures, and distributes whole-airplane emergency parachute systems for general aviation and recreational aircraft. ATF (or Advanced Tactical Fabrication), a joint venture of BRS and Head Lites Corp (HLC), is a leader in the safety apparel and “cut & sew” industry. Since 1981, BRS has delivered more than 27,000 parachute systems to aircraft owners worldwide, including over 3,500 systems on FAA-certificated aircraft such as the Cirrus Design aircraft manufactured in Duluth, Minnesota. To date, BRS parachute recovery systems have been credited with saving the lives of 207 pilots and passengers.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are often, but not always, made through the use of words such as “anticipates,” “expects,” “plans,” “believes,” “intends,” and other similar words or phrases. These statements are only predictions, and are based on current information and expectations. Such statements involve a number of risks and uncertainties, including market fluctuations, pricing, procurement, manufacturing efficiencies, operating risks, and other risks that could cause the actual results to differ materially from those projected. For more information, review the company’s filings with the Securities and Exchange Commission, particularly the Company’s annual report on Form 10-KSB. All forward-looking statements are qualified in their entirety by this cautionary statement, and BRS undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.

Headline News

December 14, 2007 06:13 AM Pacific Time

Republic Airways Announces $100 Million Stock Buy-Back Program

INDIANAPOLIS--(BUSINESS WIRE)--Republic Airways Holdings Inc. (NASDAQ:RJET) announced today that its board of directors has authorized the purchase of up to $100 million of the company’s common stock. The shares will be purchased on the open market or through privately-negotiated transactions from time-to-time during the twelve month period following the authorization. Under the authorization, the timing and amount of purchase would be based upon market conditions, securities law limitations and other factors. The stock buy-back program does not obligate the company to acquire any specific number of shares in any period, and may be modified, suspended, extended or discontinued at any time without prior notice.

“We remain committed to delivering value to our shareholders,” said Bryan Bedford chairman, president and chief executive officer of Republic Airways. “Our business model is structured to provide Republic with long-term, secure and predictable earnings and cash flows regardless of whether or not the major airlines undertake consolidation. The company’s growth plans are firm with 31 aircraft scheduled for delivery by the end of the first quarter of 2009. We have financing commitments in place at attractive, fixed rate terms for a majority of the 31 firm aircraft. We strongly believe our company is well positioned with the right mix of partners and aircraft.”

Republic Airways Holdings, based in Indianapolis, Indiana is an airline holding company that owns Chautauqua Airlines, Republic Airlines and Shuttle America. The airlines offer scheduled passenger service on over 1,200 flights daily to 119 cities in 39 states, Canada, Mexico, Jamaica and the Bahamas through airline services agreements with six U.S. airlines. All of the airlines’ flights are operated under their airline partner brand, such as AmericanConnection, Continental Express, Delta Connection, Frontier Airlines, United Express and US Airways Express. The airlines currently employ over 4,600 aviation professionals and operate 217 regional jets.

Headline News

Sixth and Final Launch of 2007 Successful for Arianespace Ariane 5 Heavy Lifter

To date, most launches in a single year; goal of eight
launches per year lies ahead...

Arianespace performed its sixth successful Ariane 5 mission of 2007 today (December 21), orbiting another dual-satellite payload and reinforcing its position as the world's leading commercial launch services company.

Lifting off from Europe's Spaceport, the Ariane 5 GS vehicle deployed its RASCOM-QAF1 and Horizons-2 satellites during a 32-minute-long flight. With this latest success, Arianespace has launched 80 percent of the satellites placed in geostationary transfer orbit during 2007 - a new industry record.

"This mission underscores the reactivity of Arianespace, as contracts for the satellites orbited tonight were signed only a few months ago - since both were initially entrusted to other launch services companies," explained Arianespace Chairman & CEO Jean-Yves Le Gall. "We were able to launch this evening because of our mastering of the Ariane 5's production process, and the dedication of the teams operating here in French Guiana."

Le Gall noted that in addition to the 12 telecommunications satellites launched in 2007 by Arianespace, the company's Starsem affiliate also was busy this year: orbiting eight constellation spacecraft, along with a commercial radar imaging satellite. "This was a truly remarkable performance," he added.

For tonight's flight, RASCOM-QAF1 was deployed first, being released by Ariane 5 at 28 minutes into the mission. RASCOM-QAF1 is the first pan-African telecommunications satellite, and was manufactured by Thales Alenia Space as part of a turnkey contract with RASCOMSTAR-QAF. The 3,200-kg. satellite's 12 Ku-band and eight C-band transponders will provide telecommunications, direct TV broadcast and Internet access services during an operating lifetime of 15 years.

Speaking after the successful launch, Le Gall noted that RASCOM-QAF1
was the third Thales Alenia Space-built satellite launched by Arianespace in 2007. "Arianespace has orbited nearly two-thirds of Thales Alenia Space's satellites, which is a sign of the close working relationship between our two companies," he added.

Horizons-2 was deployed by Ariane 5 approximately 32 minutes after the liftoff of tonight's mission. This 2,300-kg. satellite was produced by U.S.-based Orbital Sciences Corporation, and is to be operated by the Horizons 2 Satellite LLC joint venture of Intelsat and Japan's JSAT. Equipped with 20 Ku-band transponders. Horizons-2 will meet the growing demand for telecommunications, HDTV and IP-based content distribution in North America. Its broadcast footprint covers the continental United States, the Caribbean and parts of Canada.

"For Horizons-2, this evening's mission also sets new records: it is the 48th payload that we have orbited for Intelsat, the seventh for JSAT and the 13th Orbital Sciences Corporation satellite that Arianespace has launched," Le Gall said. "To the managers of these companies, thank you for your continued confidence in us."

Arianespace ends 2007 in a position of industry strength, holding a record backlog of orders that consists of 24 satellites for launch to geostationary orbit with Ariane 5 (and possibly Soyuz for the smaller payloads); 11 institutional launches with Ariane 5 (including nine Automated Transfer Vehicle re-supply spacecraft for the International Space Station); and eight Soyuz launches (two from Baikonur Cosmodrome via Starsem, and six from the Guiana Space Center).

Le Gall concluded his post-launch comments by promising that Arianespace will continue supporting the mission needs of its worldwide clients, offering a capable launcher family of the heavyweight Ariane 5, medium-lift Soyuz and lightweight Vega vehicles.

"For all of our customers in Europe, Africa, America and the Asia/Pacific region, you can count on Arianespace," Le Gall said. "Our one and only goal is to offer the best Service and Solutions, with on-time launches that are successful. We have demonstrated this in 2007, we will continue in 2008. After that, we will reach the pace of seven to eight Ariane 5 launches annually, along with two to four Soyuz flights and two missions with Vega per year."

See the Arianespace website for more details on today's successful Ariane 5 mission:

www.arianespace.com

Headline News

Posted As Of December 21, 2007

Headline News

ASTRONAUT DAN TANI'S STATEMENT ON THE DEATH OF HIS MOTHER

WASHINGTON - The following statement is from Daniel Tani, NASA
astronaut and Expedition 16 flight engineer on the International
Space Station, regarding the death of his mother.

"I would like to thank everyone who has expressed their condolences
during this time of grieving for me and my family. Living on the
space station means that I experience all aspects of life -- be they
joyous or tragic -- while circling the Earth without a convenient way
to return. Of course, I was aware of this situation before my mission
and I fully accept that I will proudly complete my mission on the
International Space Station and join my family when I return. My NASA
management and colleagues have been fully supportive through this and
I would like to thank them for their concern and compassion.

"My mother was a complete joy. Those who knew her will know that words
cannot describe her vitality, generosity and warmth. She was my hero.
We will all miss her dearly.

"I understand the interest in our lives based upon my job. Please
respect our desire for privacy during this difficult time. Thank
you."

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Boeing Vice President Bob Watt to Retire

SEATTLE, Dec. 19, 2007 -- Bob Watt, Boeing vice president of State and Local Government Relations and Global Corporate Citizenship, was awarded the Urban League of Metropolitan Seattle's highest honor, the Edwin T. Pratt Award, on Dec. 14.

Today, Watt announced his retirement from Boeing.

Pictured here, Watt (left) is congratulated by Washington state Gov. Christine Gregoire (second from left); James Kelly, president and CEO, Urban League of Metropolitan Seattle; and Barbara Earl Thomas, curator, Northwest African American Museum.

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Boeing Community and Government Relations Leader Bob Watt to Retire

SEATTLE, Dec. 21, 2007 -- Bob Watt, who has served Boeing [NYSE: BA] as the vice president of State & Local Government Relations and Global Corporate Citizenship in the Northwest Region for the past six years, has announced he will retire by the end of 2007.

"Through his energy, his skills and his leadership, Bob Watt has made Boeing a better citizen of its community and a better company," Scott Carson, president and CEO of Boeing Commercial Airplanes, said. "He will be sorely missed, but Bob leaves a wonderful legacy, and we will continue on the path that he has blazed for all of us."

"I have had the amazing opportunity for these last six years to help continue the legacy of great citizenship and community service that the women and men of Boeing have built over the past 90 years," Watt said. "The people I work with are truly ready to continue this leadership and at age 62, I am ready to spend a little more time with my family."

During his tenure, Watt and his team worked closely with Washington state leaders to make the state more competitive. He also helped to create the Aerospace Futures Alliance, led the Early Learning Council and serves on Washington Gov. Christine Gregoire's Washington Learns steering committee, all of which resulted in the creation of Washington state's new Department of Early Learning, Thrive By Five and the investment of hundreds of millions of new dollars in education.

Watt joined Boeing in 2001. Prior to joining the company, Watt served in leadership positions with the Greater Seattle Chamber of Commerce; PhyCom Corp.; as deputy mayor of the City of Seattle under Mayor Norm Rice; five years as president/CEO of Family Services of Seattle/King County and more than 12 years at Youth Eastside Services in Bellevue, Wash.

Watt has held leadership positions on various philanthropic, educational and arts-related boards. He was a founding board member and chairman of the Children's Alliance in Washington state and is serving as the chair-elect for The Seattle Foundation.

In addition to spending time with his family, Watt will work on a book about organizational change and will continue his nonprofit work in child advocacy.

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Boeing Community and Government Relations Leader Bob Watt to Retire

SEATTLE, Dec. 21, 2007 -- Bob Watt, who has served Boeing as the vice president of State & Local Government Relations and Global Corporate Citizenship in the Northwest Region for the past six years, has announced he will retire by the end of 2007.

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Boeing 707 Makes First Flight -- Take Two

SEATTLE, Dec. 20, 2007 -- Fifty years ago today, the 707 jetliner conducted its first flight. This photo was taken over Puget Sound in Washington State on the airplane's second flight, after unpredictable weather ended the first flight after just seven minutes. The skies cleared later in the day, and the crew took the 707 for a 71-minute second flight.

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Boeing Marks 50th Anniversary of 707 First Flight

Brings total Qantas 2007 orders with Boeing to 51 jetliners

SEATTLE, Dec. 20, 2007 -- Today Boeing [NYSE: BA] marks the 50th anniversary of the first flight of its 707 jetliner, and the point in commercial aviation history when propellers gave way to the jet age and air travel became affordable and available.

On a typically cold and rainy Northwest Friday afternoon Dec. 20, 1957, Boeing's chief of flight test Tex Johnston, his copilot Jim Gannet and flight engineer Tom Layne sat on the drenched runway at Renton Municipal Airport in the first production 707, checked weather reports and waited for the chance to take the new airplane up for its maiden flight.

At 12:30 p.m., the decision was made to go. But as the 707 climbed over the city of Renton, the unpredictable weather immediately closed in around the airliner and forced a landing at nearby Boeing Field after just seven minutes in the air. Later that day, the sky cleared enough for the crew to take the 707 up for a 71-minute flight. This historic day was the culmination of five years of hard work and gut-wrenching decisions. With the 707, Boeing President William Allen and his leadership team had "bet the company" on a vision that the future of commercial aviation was in jets.

The prototype model 367-80 or "Dash 80" led to a revolution in air transportation. Although it never entered commercial service itself, the Dash 80 gave birth to the 707 series of jetliners. Much larger, faster and smoother than the propeller airplanes it was replacing, the Boeing 707 quickly changed the face of international travel.

The first commercial 707s, labeled the 707-120 series, had a larger cabin and other improvements compared to the prototype. Powered by early Pratt & Whitney turbojet engines, these initial 707s had range capability that was barely sufficient to cross the Atlantic Ocean. Boeing soon introduced the long-range 707-320 Intercontinental that in May 1959 flew 5,382 miles nonstop from Seattle to Rome in 11 hours and 6 minutes. A number of variants were developed for special use, including shorter-bodied airplanes and the 720 series, which was lighter and faster with better runway performance.

Pan Am World Airways was the first 707 customer, signing up for 20 Boeing 707-120s in October 1955. In 1962, Pan Am also took delivery of the last 707-120 series airplane. Production of commercial 707s ended in 1978 after 878 had been built. The number rose to more than 1,000 by 1994, when limited production of military variants ended. Most civil 707s left in service today have been converted to freighters, while a number are used as corporate transports. Approximately 130 remain in commercial service.

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The Dash 80 Prototype, predecessor to the Boeing 707 Intercontinental.

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The Dash 80 following restoration prior to delivery to the National Air & Space Museum.

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The Dash 80 over Puget Sound, Washington.

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The Dash 80 inflight following restoration.

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The Dash 80 escorted by a Lockheed T-33 during its flight following restoration.

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The Dash 80 arriving over the runway for landing.

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The Dash 80 during its original rollout in the 1950s.

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Click Here For More Boeing News ~ Additional 707 Photos Coming Soon

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Boeing to Build NASA?s Newest Tracking and Data Relay Satellites

Boeing has been awarded a $695 million NASA contract for two Tracking and Data Relay Satellites (TDRS) that will provide essential communication services to the space shuttle and other orbiting spacecraft. The contract, worth up to $1.2 billion with all exercised options, includes the design and manufacture of the TDRS K and L satellites as well as upgrades to NASA's TDRS system ground terminals. The satellites will be ready for launch in 2012 and 2013, respectively.

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Boeing to Build NASA's Newest Tracking and Data Relay Satellites

Latest award results in five Boeing satellites in NASA's TDRS fleet

ST. LOUIS, Dec. 20, 2007 -- NASA has returned to Boeing [NYSE: BA] for its next-generation series of Tracking and Data Relay Satellites (TDRS), continuing the communications satellite line that began with the launch of TDRS H in 2000 and, coupled with Boeing's other work for NASA, spans more than four decades. Valued at $695 million, $1.2 billion if all options are exercised, the contract calls for two spacecraft and increases Boeing's satellite backlog to 27 spacecraft. The TDRS-K satellite will be ready for launch in 2012, and TDRS-L will be ready for launch in 2013.

"This contract includes the design and manufacturing of the TDRS K series satellites as well as upgrades to NASA's TDRS system ground terminals, and builds upon Boeing's long and successful history with NASA," said Howard Chambers, vice president and general manager of Boeing Space and Intelligence Systems. "Three Boeing-built TDRS satellites are currently providing critical services to NASA and the nation's space program, and we are committed to delivering satellites that expand the communications relay needs of NASA and its teams. Space-based communications assets are critical to the infrastructure of manned spaceflight systems, and TDRS plays an important role."

The satellites incorporate a modern design based on flight-proven performance. The three previous TDRS satellites were based on Boeing 702-class electronics, which are still the standard for the newest spacecraft Boeing is building today. Additionally, Boeing has modernized the technologies in the payload, power and propulsion subsystems to current state-of-the-art technologies being used in other Boeing-built spacecraft.

Boeing offered the best choice for mission suitability with low risk that will expand the capabilities of NASA's Tracking and Data Relay Satellite System. This communication signal relay system provides tracking and data acquisition services between Earth-orbiting spacecraft, such as the International Space Station, the space shuttle, the Orion crew exploration vehicle, and their respective control and data processing facilities.

Boeing has teamed with General Dynamics, which will update and modify the existing TDRS system ground terminals, located near Las Cruces, N.M. The ground terminals, known as the White Sands Complex, are the primary two-way communications link between the TDRS satellites and the ground-based elements of the TDRS system communications network.

A unit of The Boeing Company, Boeing Integrated Defense Systems is one of the world's largest space and defense businesses specializing in innovative and capabilities-driven customer solutions. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $32.4 billion business with 72,000 employees worldwide.

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LOCKHEED MARTIN RECEIVES $849 MILLION CONTRACT FOR TRIDENT II D5 MISSILE

SUNNYVALE, Calif., December 20th, 2007 -- The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a contract valued at $849 million for fiscal year 2008 production and deployed system support for the Trident II D5 Fleet Ballistic Missile (FBM) program.

Work under the contract includes D5 production support, including reentry system hardware, and operations and maintenance to support the readiness and reliability of missile systems deployed aboard FBM submarines and at on-shore facilities.

The contract also continues D5 Life Extension development work. Deliveries under the original D5 contract, which called for production of 425 missiles, began in 1989 and concluded in 2007. D5 Life Extension missile deliveries are scheduled to begin in 2011, with a minimum of 108 additional missiles being delivered by 2017. The D5 Life Extension program will support the service life of the Navy’s Trident II Ohio-class submarines, which has been extended to 2042.

“Under the leadership of our Navy customer, we will continue our work in support of the D5 missile while continuing to prepare for the Navy’s transition to the D5 Life Extension missile,” said Tory Bruno, vice president and general manager of Strategic Missile Programs, Lockheed Martin Space Systems Company.

First deployed in 1990 and scheduled for operational deployment until 2042, the Trident II D5 is aboard Trident II-configured Ohio-class submarines. The three-stage, solid-propellant, inertial-guided ballistic missile has a nominal range of 4,000 nautical miles and carries multiple independently targeted reentry vehicles.

Lockheed Martin Space Systems Company, Sunnyvale, Calif., is the prime strategic missile contractor and missile system program manager for the U.S. Navy’s Strategic Systems Programs. Approximately 2,400 Lockheed Martin Space Systems employees, principally in California, Georgia, Florida, Washington and Utah, support the design, development, production, test and operation of the Trident strategic weapon system.

Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2006 sales of $39.6 billion.

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All Dressed Up and Everywhere to Go

Qantas Airways commissioned Balarinji, a design studio in Sydney, and collaborated with a celebrated (Australian Western Desert) Uluru-based indigenous artist, Rene Kulitja, to create a custom livery for the third in its series of art planes. Balarinji translated the artists ideas and passed them along to Boeing Commercial Airplanes to make this dream a reality. The plane is dubbed Yananyi Dreaming, meaning "going-travelling."

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Headline News

Boeing and Qantas Agree to Additional 737 Purchases

Brings total Qantas 2007 orders with Boeing to 51 jetliners

SEATTLE, Dec. 20, 2007 -- The Boeing Company [NYSE: BA] and Qantas Airways today announced a final agreement for the order of 31 Boeing Next-Generation 737-800 jetliners. The order is valued at US$2.3 billion at Boeing list prices.

This is the largest single 737 order placed by Qantas for the Next-Generation 737. The airline previously ordered 38 737-800s in increments over the past six years.

Today's order brings the airline's order total with Boeing to 51 airplanes during 2007, including an order posted last month in which Qantas contracted for 20 787-9 Dreamliners, which the airline initially announced in July.

The chief executive officer of Qantas, Geoff Dixon, said the 737-800s would have the latest in-flight entertainment technology.

"This further investment in the latest aircraft technology will also underpin our efficiency drive by lowering operating costs, while at the same time minimizing our environmental impact as we grow," he said. "The 737-800 has a 25 percent lower fuel burn per seat and 30 percent lower maintenance cost compared with older equivalent aircraft."

"Qantas is a key 737 customer, and the Australian geography is one where the airplane really proves its value," said Stan Deal, vice president, Asia Pacific Sales - Boeing Commercial Airplanes. "The 737 will continue to provide excellent economics, reliability and passenger comfort to one of the world's great airlines."

The Boeing Next-Generation 737 family is the world's most popular and reliable single-aisle airplane family. As of Nov. 30, Boeing had logged orders for more than 4,300 Next-Generation 737s, and has unfilled orders for nearly 1,900 airplanes worth more than $135 billion at current list prices.

With the November order for 787s, Qantas is now the second largest customer (and holds the most orders by an airline) for the 787 family, with 50 787-9s and 15 787-8s on order. The airline will operate its 787 fleet with GE Aircraft Engines' GEnx power plants.

The 787s are expected to be used by the Qantas Group's two major brands, Qantas and Jetstar, for both domestic and international operations.

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Boeing 787 Dreamliner Selected by Qantas for Jetstar International Routes
Qantas Airways Limited has selected the Boeing 787 Dreamliner for its Jetstar subsidiarys international routes. Qantas plans to order 45 airplanes with 20 options and purchase rights for 50 additional jetliners. The 787 will provide economic and passenger comfort advantages that will allow Qantas to compete effectively while adding or increasing services. Qantas recently announced Jetstars plans to launch international flights from Australia in the future.

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NASA AWARDS TRACKING AND DATA RELAY SATELLITE CONTRACT

WASHINGTON - NASA has awarded a contract to Boeing Satellite Systems,
Inc. in El Segundo, Calif., for two satellites that will replenish
the NASA communication relay network that provides telecommunications
links between low Earth orbiting spacecraft and the ground.

Boeing will design, develop, fabricate, integrate, test, ship, provide
launch support, conduct in-orbit checkout operations and provide
sustaining engineering support for the new Tracking and Data Relay
Satellites, known as TDRS-K and TDRS-L. Boeing also will design,
assemble, test, install and verify modifications that are necessary
to make the ground terminals at NASA's White Sands Complex in New
Mexico fully compatible with the new TDRS-K and -L spacecraft design.

This is a fixed price incentive fee contract with a basic period of
performance beginning in December 2007 and extending through April
2025, if options are exercised. The contract includes options for two
additional spacecraft, TDRS-M and -N. The maximum target value for
this contract is $1,224,102,439.

The TDRS-K spacecraft is expected to launch by December 2012, and
TDRS-L is expected to launch in 2013. Each satellite has a design
life of 15 years.

This contract will extend the lifetime of the Tracking and Data Relay
Satellite System, which is the primary source of voice, data and
telemetry for the Space Shuttle and International Space Station
Programs. The system also provides satellite communication and
science data relay services for many low Earth orbiting science
missions, including the Hubble Space Telescope and Earth Observation
System missions. The system also will provide these services for
NASA's Constellation Program.

The contract also provides an option to modify an additional
Space-to-Ground Link Terminal at White Sands. The government is
exercising the option for the terminal at the time this contract is
awarded.

The Tracking and Data Relay Satellite System is a national asset that
provides critical support to NASA science and human exploration
missions as well as support to many other government agencies and
commercial organizations. The Tracking and Data Relay Satellite
System Project is located at NASA's Goddard Space Flight Center in
Greenbelt, Md.

For information about NASA and agency programs, visit:

http://www.nasa.gov

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EAA AirVenture 2008

Sean Tucker will appear at EAA AirVenture 2008, in Oshkosh, Wisconsin. A number of the best Air Show performers have confirmed early for the largest Air Show in the United States.

Photos: M. Daniels / ILIPS Group International

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TOP AIR SHOW PERFORMERS AMONG EARLY CONFIRMATIONS FOR EAA AIRVENTURE
OSHKOSH 2008

EAA AVIATION CENTER, OSHKOSH, Wis. - (Dec. 20, 2007) - Many of the
world's top air show performers have given early confirmations to
participate at EAA AirVenture Oshkosh 2008, "The World's Greatest Aviation
Celebration," on July 28-August 3 at Wittman Regional Airport.

Among the early confirmations are world champion aerobatic competitors
such as three-time world champion Nikolai Timofeev and yearly
favorites such as Sean D. Tucker, Patty Wagstaff, the AeroShell Aerobatic Team
and the Warbird Spectaculars.

In addition, second-generation air show standouts Matt Younkin and
Kyle Franklin will be appearing at AirVenture, as well as acts and
performers never before seen at Oshkosh, such as the Aerostars in their nimble
Yak 52 aircraft. Additional air show performers will be added prior
to AirVenture and announced as they are confirmed.

"Each of these performers work as a headline act at dozens of air
shows throughout the country, but the come together at EAA AirVenture to
make an all-star roster of the 'best of the best,'" said Tom Poberezny,
EAA president and AirVenture chairman, who flew as a member of the
renowned Eagles Aerobatic Team. "Air show performers are eager to fly at
Oshkosh because it represents a major achievement in their careers,
flying in front of the most knowledgeable and appreciative audiences on the
air show circuit. Look for even more top performers to be added to the
list in early 2008."

The afternoon air show is an anticipated spectacle each day at EAA
AirVenture, providing an exciting way to round out to a full day on the
Oshkosh flight line. Prior to each day's air show, there is also
showcase flying featuring a variety of aircraft, old and new, that shows the
depth and breath of the aviation community.

Exact daily performance schedules will be finalized in the weeks prior
to EAA AirVenture and will be announced through the event's extensive
website at www.airventure.org .

"Each afternoon's showcase and air show create a daily attraction that
simply cannot be seen anywhere else but EAA AirVenture," Poberezny
said. "Oshkosh is the place where the airplanes, people and innovations
come together each year in aviation's family reunion."

EAA AIRVENTURE OSHKOSH is The World's Greatest Aviation Celebration
and EAA's yearly membership convention. EAA members receive lowest
prices on admission rates. For more information on EAA and its programs,
call 1-800-JOIN-EAA (1-800-564-6322) or www.eaa.org. EAA AirVenture
information is also available through the World Wide Web at
www.airventure.org .


EDITOR'S NOTE: Several high-resolution photo images of these air show
performers are available through Dick Knapinski at the contact points
listed above.

PERFORMERS CONFIRMED FOR EAA AIRVENTURE 2008
(as of 12/20/2007 - more will be added and the list is subject to
change without notice)

AeroShell Team 4 T-6s
Aerostars 3 Yak 52s
Matt Chapman CAP 231
Chandy Clanton Edge 540
Collaborators Modified Pitts, Edge 540, 2 Extras
Bob Davis Sukhoi
Kyle Franklin Waco
Mike Goulian Extra
Iron Eagles 2 Christen Eagles
Greg Poe MX-2
Gene Soucy Showcat
Nikolay Timofeev Sukhoi
Sean Tucker Modified Pitts
Patty Wagstaff Extra
Mike Wiskus Pitts
Matt Younkin Twin Beech
Liberty Parachute Team

Headline News

Ariane 5 Heavy-Lifter Re-set for Launch

The Ariane 5 for Arianespace's year-ending mission moved to the launch
pad at Europe's Spaceport today, clearing the way for tomorrow evening's
liftoff on the workhorse launcher's record sixth mission of 2007.

Emerging from the Final Assembly Building at 10:45 a.m. local time in
French Guiana, the Ariane 5 GS vehicle completed its 2.8-km. trip to the ELA-3
launch zone in approximately 45 minutes. The Ariane 5's mobile launch
table was then secured in place over the flame ducts for the vehicle's
powerful cryogenic core stage and two solid rocket motors.

All is now ready for the final countdown leading to the December 21
liftoff during a launch window that opens at 6:14 p.m. local time.

The Ariane 5's two passengers, RASCOM-QAF1 and Horizons-2, will be
released in sequence during the 32-min. flight. RASCOM-QAF1 is the upper
satellite in the mission's payload "stack," with Horizons-2 installed below it
inside the SYLDA multiple payload dispenser.

RASCOM-QAF1 is the first pan-African telecommunications satellite, and
it weighs approximately 3,200 kg. for launch. Built by Thales Alenia Space
as part of a turnkey contract with RASCOMSTAR-QAF, the satellite is fitted
with 12 Ku-band and eight C-band transponders. RASCOM-QAF1 will provide
telecommunications, direct TV broadcast and Internet access services
during an operating lifetime of 15 years.

The 2,300-kg. Horizons-2 payload was produced by U.S.-based Orbital
Sciences, and is to be operated by the Horizons 2 Satellite LLC joint
venture of Intelsat and Japan's JSAT. Its 20 Ku-band transponders will
meet the growing demand for telecommunications, HDTV and IP-based content
distribution in North America. Horizons-2's coverage will be provided
over the continental United States, the Caribbean and parts of Canada.

Tomorrow's launch will mark the first time Arianespace has performed
six Ariane 5 missions in one year - and it follows the workhorse vehicle's
successful dual-passenger flights in March, May, August, October and
November. The 10 telecommunications satellites delivered by Ariane 5s
so far in 2007 represent a combined payload mass of more than 37,000 kg.

Arianespace is in the process of accelerating its launch rate to meet
customer demand, building to a stabilized pace of eight Ariane 5
missions annually by 2009.

Follow the activity for this milestone Ariane 5 flight with our Mission
Updates in the News & Information section, and watch the launch live in
the Video Corner.all at www.arianespace.com

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NASA TV COVERAGE SET FOR HOLIDAY DELIVERY TO SPACE STATION

HOUSTON - NASA Television will provide live coverage of the arrival of
a new shipment of food, fuel, supplies and holiday gifts to the
International Space Station on the morning after Christmas.

Expedition 16 Commander Peggy Whitson and flight engineers Yuri
Malenchenko and Dan Tani will be standing by as the unpiloted ISS
Progress 27 resupply craft automatically docks to the station's Pirs
Docking Compartment on Wednesday, Dec. 26, at about 2:25 a.m. CST.
NASA TV coverage of the new spacecraft's arrival at the station will
begin at 2 a.m.

The cargo ship is carrying more than 2 tons of supplies for the three
crew members. It will be launched on Sunday, Dec. 23, at 1:12 a.m.,
from the Baikonur Cosmodrome in Kazakhstan. There will be no
television coverage of the launch.

NASA TV is carried on an MPEG-2 digital signal accessed via satellite
AMC-6, at 72 degrees west longitude, transponder 17C, 4040 MHz,
vertical polarization. For those in Alaska or Hawaii, NASA Television
will be seen on AMC-7, at 137 degrees west longitude, transponder
18C, at 4060 MHz, horizontal polarization. In both instances, a
Digital Video Broadcast (DVB)-compliant Integrated Receiver Decoder
with modulation of QPSK/DBV, data rate of 36.86 and FEC 3/4 will be
needed for reception. The NASA Television schedule is available on
the NASA Television website, at:

http://www.nasa.gov/ntv

For more information about the space station and the Expedition 16
crew, visit:

http://www.nasa.gov/station

Headline News

Australia

Thursday, 20 December 2007 - 01/2007

$82 MILLION BOOST FOR DEFENCE MATERIALS CAPABILITY

Warren Snowdon MP, Minister for Defence Science and Personnel and
Senator Kim Carr, Minister for Innovation, Industry, Science and Research,
today announced the establishment of an $82 million Defence Materials
Technology Centre – to drive innovation in Defence technology.

Commencing operations in 2008, the Centre – a collaborative venture
with Australian industry and the research sector – will focus on four
key research programs: air platforms, maritime platforms, armour
applications and propulsion systems.

Mr Snowdon said that a number of significant outcomes would be
delivered through the Centre.

"The Centre will deliver improved armour protection for military
personnel carriers – vital for the protection of Australian troops deployed
around the world – and new high-tech materials for use in major
Defence acquisitions such as the Joint Strike Fighter," Mr Snowdon said.

"To nurture the innovation needed to maintain Defence capability and to
address the skills shortage in this area, an education and training
program will also be designed. The goal of this program will be to
produce engineers and scientists with skills attractive to the Defence
industry and other research providers," he said.

Small to medium enterprises (SMEs) will benefit from the Centre through
the establishment of a technology transfer program to help SMEs
compete in the global manufacturing market.

"The Defence Materials Technology Centre marks an important milestone
in the Australian Government’s commitment to improving Defence
capability through innovation," Senator Carr said.

"The Centre will enhance the nation’s Defence capability and
Australia’s international reputation for innovation by bringing together the
combined expertise and resources of key industry representatives,
universities and publicly funded research agencies," he said.

A key element of the collaboration, and a cornerstone of the research,
is the adoption and application of world leading materials engineering
capabilities.

These will be used to develop, integrate and validate new materials and
manufacturing technologies across existing and planned Defence
platforms and structures.

"The technology transfer program will ensure that the Centre’s
benefits will spread well beyond the Defence industry," Senator Carr said.

"It will assist areas as diverse as civilian aerospace and power
generation, as well as in general manufacturing industries," he said.

The Centre will primarily be located in Victoria and will receive
Australian Government funding of $30 million and a further $52 million from
the collaborative partners. These partners include major companies such
as BAE Systems Australia, GKN Aerospace, BlueScope Steel, Surface
Technology Coatings, Thales Australia and the Cooperative Research Centre
for Advanced Composite Structures.

Headline News

Australia

Thursday, 20 December 2007

PARLIAMENTARY SECRETARY FOR DEFENCE PROCUREMENT VISITS RAAF BASE WILLIAMSTOWN.


The Hon Greg Combet MP, Parliamentary Secretary for Defence Procurement
visited RAAF Base Williamtown today where he met Defence personnel and
received briefings on a number of Defence Materiel Organisation (DMO)
projects based out of Williamtown.

During the visit Mr Combet also met a number of constituents from his
neighbouring electorate of Charlton who also work at the base.

As Parliamentary Secretary for Defence Procurement, Mr Combet will
oversee the DMO in its efforts to provide the best possible equipment and
support to the Australian Defence Force.

The DMO is involved in many of the largest and most demanding projects
in Australia. The Australian Defence Force (ADF) relies on it to
provide its equipment on time, on budget and to the required levels of
quality and safety – the ADF’s operational success depends on the DMO.
Mr. Combet said that the visit was worthwhile and had given him a good
insight into how the DMO delivers defence capabilities for Australia.

“RAAF Base Williamtown and the DMO elements here are a great asset
for the local area providing many opportunities, he said.”

“I’m very impressed with the dedication of the staff at
Williamtown, their professionalism, enthusiasm and the capability that they are
going to deliver for the ADF,” Mr. Combet added.

Headline News

Northrop Grumman Recognizes Suppliers, Employees for Support of Its Socio-Economic Business Programs

LOS ANGELES, Dec. 20, 2007 (PRIME NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) presented 24 suppliers and 49 of its employees with recognition awards last week for their outstanding support of the company's Socio-Economic Business Programs (SEBP).

A photo accompanying this release is available at http://media.primezone.com/noc/

Created in the early 1980s, the World Class Team awards recognize suppliers and employees whose work demonstrates exceptional support and commitment to SEBP goals and objectives. This year's activity included a reception hosted by Northrop Grumman chairman and chief executive officer Ronald D. Sugar and an awards luncheon in Los Angeles. The featured speaker at the luncheon was Ronald A. Poussard, director of Office of Small Business Programs for Office of the Secretary of the Air Force.

"The employees and suppliers that were selected to receive World Class Team awards have greatly contributed to the success of Northrop Grumman's Socio-Economic Business programs," says Gloria Pualani, director of SEBP/Government Relations for Northrop Grumman. "The hard work and dedication that they displayed is truly impressive."

SEBP programs play a key role in connecting small businesses interested in working with Northrop Grumman with the company's procurement and technical organizations. This can lead to significant business opportunities. In FY07, Northrop Grumman awarded $9.2 billion in subcontracts, with small businesses receiving more than $3.7 billion (38.2 percent) of those awards.

The suppliers recognized with World Class Supplier awards consistently demonstrated responsiveness and flexibility to help meet Northrop Grumman production needs along with high work quality, on-time delivery, outstanding cost management and reliable performance.

Suppliers honored with recognition awards were: All-Ways Metal, Inc., Anaren Microwave, Inc., Beaver Aerospace & Defense, Boecore, Inc., Chemical Strategies, Inc., Chipton Ross, Inc., Coast / Advanced Chip Magnetics, COLSA Corp., Derbyshire Machine & Tool Co., Dovel Technologies, Equipment Management Technology, Global Test Equipment, Inc., Holt Tool & Machine Co., Jackson Aerospace, Inc., Lubeco Inc., M7 Aerospace LP, Mil Tech Electronics, Inc., nLight Corp., RESCO Defense, Storm Products Co., US Tool Group, Inc., VAC Enterprises, WV Communications, and Universal Systems.

Similarly, employees were recognized for consistently going above and beyond customary work requirements to help Northrop Grumman's small business office meet or exceed its goals.

Northrop Grumman Corporation is a $30 billion global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.

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Northrop Grumman Announces New $2.5 Billion Share Repurchase Authorization

LOS ANGELES - Dec. 20, 2007 - Northrop Grumman Corporation (NYSE:NOC) announced today that its board of directors has authorized a new program to repurchase up to $2.5 billion of its outstanding common stock, which represents more than 9 percent of the company's current market capitalization. As of Nov. 30, 2007 Northrop Grumman had approximately 338 million shares outstanding.

"Our new $2.5 billion authorization is the largest in our company's history and demonstrates our continuing commitment to a balanced cash deployment strategy that encompasses investment for the future, management of liabilities, and the enhancement of shareholder value through share repurchases and dividends. It also underscores our confidence in Northrop Grumman's financial outlook for 2008 and beyond," said Ronald D. Sugar, Northrop Grumman's chairman and chief executive officer.

Share purchases will take place at management's discretion from time to time, depending on market conditions, in the open market and in privately negotiated transactions.

Including the $2.5 billion authorization, the company has authorized the repurchase of $6.7 billion of its common stock since 2003 and has completed the repurchase of approximately 69 million shares for $4.2 billion.

About Northrop Grumman

Northrop Grumman Corporation is a global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.

Note: Certain statements and assumptions in this release contain or are based on "forward-looking" information that Northrop Grumman Corporation (the "Company") believes to be within the definition in the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties, and include, among others, statements in the future tense, and all statements accompanied by terms such as "project," "expect," "estimate," "assume," "believe," "plan," "guidance" or variations thereof. This information reflects the Company's best estimates when made, but the Company expressly disclaims any duty to update this information if new data become available or estimates change after the date of this release.

Such "forward-looking" information includes, among other things, financial guidance regarding sales, segment operating margin, pension expense, employer contributions under pension plans and medical and life benefits plans, cash flow, and earnings per share, and is subject to numerous assumptions and uncertainties, many of which are outside the Company's control. These include the Company's assumptions with respect to future revenues; expected program performance and cash flows; returns on pension plan assets and variability of pension actuarial and related assumptions; the outcome of litigation, appeals and investigations; hurricane-related insurance recoveries; environmental remediation; acquisitions and divestitures of businesses; successful reduction of debt; performance issues with key suppliers and subcontractors; product performance and the successful execution of internal plans; successful negotiation of contracts with labor unions; effective tax rates and timing and amounts of tax payments; the results of any audit or appeal process with the Internal Revenue Service; and anticipated costs of capital investments, among other things.

The Company's operations are subject to various additional risks and uncertainties resulting from its position as a supplier, either directly or as subcontractor or team member, to the U.S. government and its agencies as well as to foreign governments and agencies; actual outcomes are dependent upon various factors, including, without limitation, the Company's successful performance of internal plans; government customers' budgetary constraints; customer changes in short-range and long-range plans; domestic and international competition in both the defense and commercial areas; product performance; continued development and acceptance of new products and, in connection with any fixed-price development programs, controlling cost growth in meeting production specifications and delivery rates; performance issues with key suppliers and subcontractors; government import and export policies; acquisition or termination of government contracts; the outcome of political and legal processes and of the assertion or prosecution of potential substantial claims by or on behalf of a U.S. government customer; natural disasters, including amounts and timing of recoveries under insurance contracts, availability of materials and supplies, continuation of the supply chain, contractual performance relief and the application of cost sharing terms, allowability and allocability of costs under U.S. Government contracts, impacts of timing of cash receipts and the availability of other mitigating elements; terrorist acts; legal, financial, and governmental risks related to international transactions and global needs for military aircraft, military and civilian electronic systems and support, information technology, naval vessels, space systems, technical services and related technologies, as well as other economic, political and technological risks and uncertainties and other risk factors set out in the Company's filings from time to time with the Securities and Exchange Commission, including, without limitation, Company reports on Form 10-K and Form 10-Q.

Members of the news media may receive our releases via e-mail by registering at: http://www.irconnect.com/noc/press/pages/register.html

LEARN MORE ABOUT US: Northrop Grumman news releases, product information, photos and video clips are available on the Internet at: http://www.northropgrumman.com

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Australia's third Globemaster (right of frame) with the fourth Globemaster which will be formally accepted by Australia in January 2008.

Photo: Australian Department of Defense

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Australia

Wednesday, 19 December 2007

AIR FORCE ACCEPTS ITS THIRD GLOBEMASTER

Air Force will receive a boost to airlift capability in early 2008 with
the delivery of Australia’s third and fourth Boeing C-17A
Globemaster III aircraft.

Commander Air Lift Group, Air Commodore Jack Plenty, formally accepted
the third Globemaster for the Royal Australian Air Force (RAAF) during
a ceremony at Boeing’s C-17 plant in Long Beach, California on
Tuesday, 18 December 2007.

This aircraft will spend the New Year period being fitted with
defensive countermeasure equipment before delivery to Australia in early
February.

Air Force will accept its fourth Globemaster in mid-January. It is due
for delivery to Australia in early March.

AIRCDRE Jack Plenty said the Globemaster is a quantum leap in airlift
capability for the RAAF.

“The Globemaster has undergone a rapid acceptance into RAAF service,
but already the first two aircraft are more than pulling their weight
in support of ADF tasks at home and abroad,” AIRCDRE Plenty said.

“Disaster relief was one of the reasons we purchased this aircraft,
and last month a C-17 supplied 14 pallets of aid relief at short notice
into Port Moresby as part of Operation PNG Assist, following Cyclone
Guba.

“Our Globemaster capability will keep growing in 2008, not just in
the number of aircraft and crews we have at 36 Squadron, but also in the
roles we deliver.”

This will include the airborne delivery of cargo, as well as
aero-medical evacuation, where the Globemaster can be configured to carry 36
stretcher patients.

The Globemaster is operated by No. 36 Squadron at RAAF Base Amberley at
Ipswich.

It is capable of carrying more than 70 tonnes of cargo, or up to three
Black Hawk helicopters, a single Chinook helicopter, or five Australian
Light Armoured Vehicles (ASLAVs).

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Artist's Concept of Vietnam Airlines Airbus A350XWB "Xtra Wide Body"

Photo: Airbus SAS

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Vietnam orders 10 A350 XWB and
20 additional A321 aircraft
21 December 2007


Vietnam Airlines has signed a contract for 10 A350-900 XWBs, as well as for 10 additional A321s. This announcement follows the signing of a Memorandum of Understanding (MOU) for the aircraft on 1st October 2007 in the presence of Nguyen Tan Dung, Prime Minister of Vietnam during his state visit to France. An additional ten A321s covered under the MOU have now been confirmed as firm orders for the new Vietnam Aircraft Leasing Company, in which Vietnam Airlines is a major shareholder.

The respective contracts were signed in Hanoi today by Mr Pham Ngoc Minh, Chief Executive Officer of Vietnam Airlines, and Mr Tran Long, Chief Executive Officer of Vietnam Aircraft Leasing Company, with John Leahy, Chief Operating Officer – Customers.

Vietnam Airlines has steadily and efficiently built a modern Airbus fleet in recent years and currently operates 10 A320s, 11 A321s and three A330s (two -200s and one -300) on an extensive regional and domestic network. Four previously ordered A321s are still to be delivered.

"We thoroughly reviewed the A350 XWB programme, and we are very confident that this aircraft will set new standards of passenger comfort, operating economics and low emissions in our growing long-haul markets. The size of the A350-900 XWB responds very well to our expected traffic growth over the next decade," said Mr Nguyen Sy Hung, Chairman of Vietnam Airlines. "Our A330s already provide us with an excellent level of economics combined with superior passenger appeal. The A350 XWB will further consolidate our successful growth and long term development into the future."

"Vietnam Airlines has been a strong partner for Airbus in Asia for many years and I am delighted that this relationship is now further strengthened with the airline becoming a strategic customer for the A350 XWB in the region,” said John Leahy, Airbus Chief Operating Officer - Customers. "With orders for A321s from both Vietnam Airlines and Vietnam Aircraft Leasing Company, Airbus is proud to be playing a central role in the continued modernization of the rapidly developing Vietnamese air transport industry.”

The A350 XWB (Xtra Wide-Body) is Airbus’ response to widespread market demand for a series of highly efficient medium-capacity long range wide-body aircraft. With a range of up to 8,300nm / 15,400km, it is available in three basic passenger versions: the A350-800 accommodating 270 passengers, the A350-900 seating 314, and the A350-1000 for 350 passengers. The A350 has the widest fuselage in its category, offering unprecedented levels of comfort, the lowest operating costs and lowest seat mile cost of any aircraft in this market segment. Powered by two new generation Rolls Royce Trent XWB engines delivering each up to 92,000 lbs of thrust, the A350 XWB Family is designed to confront the challenges of high fuel prices, rising passenger expectations, and environmental concerns.

The A320 Family, which includes the A318, A319, A320 and A321, is recognized as the benchmark single-aisle aircraft family. Each aircraft features fly by wire controls and all share a unique cockpit and operational commonality across the range. Over 5,600 Airbus A320 Family aircraft have been sold and over 3,300 delivered to more than 200 operators worldwide, making it the worlds best selling commercial jet ever. With proven reliability and extended servicing periods, the A320 Family has the lowest operating costs of any single aisle aircraft. In addition, the latest new cabin design saves on weight and offers the passenger a quieter and roomier experience, as well as significantly larger overhead stowage lockers. Uniquely, the A320 Family offers a containerized cargo system, which is compatible with the world wide standard wide body system.

Airbus is an EADS company.

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NASA NAMES NEW COMPOSITE GOVERNMENT INVENTION OF THE YEAR

HAMPTON, Va. - A device that can act like muscle and nerves to expand
and contract surfaces is the 2006 NASA Government Invention of the
Year.

NASA's Macro-Fiber Composite, or MFC, can be attached to a structure
to bend it, reduce vibrations and monitor force. A team at NASA's
Langley Research Center in Hampton, Va., created the flexible and
durable material that uses ceramic fibers. By applying voltage to the
MFC, the ceramic fibers change shape to expand or contract and turn
the resulting force into a bending or twisting action on the
material. Likewise, voltage is generated in proportion to the force
applied to the MFC material.

The device primarily is used in industrial and research applications
for vibration monitoring and dampening. In addition to improved
helicopter rotor blades research, NASA uses of MFC include vibration
monitoring of support structures near the space shuttle pads during
launches. The composite material can be used for pipeline crack
detection and is being tested in wind turbine blades.

Some non-aerospace applications being evaluated include suppressing
vibration in performance sporting equipment such as skis, force and
pressure sensing for industrial equipment and sound generation and
noise cancellation in commercial grade appliances.

"The MFC is the first of its type composite that is specifically
engineered for performance, manufacturability and reliability," said
Robert Bryant, a NASA senior materials engineer and MFC team member
at Langley. "It's this combination that creates a ready-to-use system
capable of morphing into a variety of uses on Earth and in space."

During the STS-123 mission, space shuttle Endeavour will carry MFCs
into space for the Rigidizable Inflatable Get-Away-Special
Experiment. It is a U.S. Department of Defense trial designed to test
and collect data on inflated and rigid structures in space.
Inflatable space structures can be used for antennas, communication
satellites, space station trusses, and solar sail support structures.
All these could benefit from MFC technology.

Smart Material Corporation of Sarasota, Fla., is the licensee and
manufacturer of NASA's MFC technology.

NASA's general counsel selects the Invention of the Year Award with
technical assistance from NASA's Inventions and Contributions Board.
For more information about NASA's Inventions and Contributions Board,
visit:

http://icb.nasa.gov

For more information about NASA and agency programs, visit:

http://www.nasa.gov

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NASA DELAYS MARS SCOUT MISSION TO 2013

WASHINGTON - NASA announced today that the next mission in the Mars
Scout program, originally planned for launch in 2011, is now targeted
for launch in 2013. The schedule slip is because of an organizational
conflict of interest that was discovered in one of the mission
proposal team's Phase A Concept Study. This was the shortest delay
for the mission possible because opportunities to send spacecraft to
Mars occur only once every 26 months.

NASA will fund current proposals to meet a new launch date in 2013.
Revised proposals will be due in August 2008, and the evaluation and
selection will take place in December 2008.

In November, NASA postponed the Scout mission's evaluation, selection,
and announcement so the agency could resolve an organizational
conflict of interest. The conflict of interest was discovered shortly
after the concept study reports were received.

The extent of the conflict was severe enough that NASA determined its
only recourse was to stop the evaluation and reconstitute the entire
review panel that provides the technical and cost analyses for
mission selections.

"The panel's independent expertise and evaluation are critical to
maintaining a fair and competitive mission selection process," said
Michael Meyer, lead scientist for NASA's Mars Exploration Program,
NASA Headquarters, Washington. "This was a difficult decision, but
necessary to preserve the integrity of the process, while ensuring we
have adequate resources for the mission we ultimately select."

The delay in selection, resulting from reconstituting the entire
review team and replanning the evaluation schedule, is approximately
four months. Because of the delay, proposers would be left an
unacceptable schedule, and schedule reserve, to meet a targeted
launch date of 2011. Changing the launch date to the next Mars
opportunity in 2013 reestablishes an acceptable and achievable
schedule for the mission.

"We regret the delay, but NASA is taking this step to be proactive in
preventing problems early on," said Mars Exploration Program Director
Doug McCuistion, NASA Headquarters. "Because these are cost-capped
missions, it is better to address the schedule risk now rather than
put the winning proposer at a cost and schedule disadvantage from the
start. Delaying the next Scout mission and allowing the mission teams
to replan their proposed missions for 2013 reestablishes an
acceptable schedule to meet a Mars launch date. It will also reduce
the risk of cost overruns driven by the tight mission schedule that
would have resulted if launch had remained in 2011."

In the first round of the Mars Scout 2006 competition, two missions
for 2011 originally selected from 26 proposals for further evaluation
in a concept study phase. The selected missions were the Mars
Atmosphere and Volatile EvolutioN mission, or MAVEN and the The Great
Escape, or TGE, mission. The principal investigator for MAVEN is
Bruce Jakosky, University of Colorado, Boulder. The TGE principal
investigator is Jim Burch, Southwest Research Institute, San Antonio.
Both missions would provide similar measurements of Mars' upper
atmosphere, including its dynamics and evolution, which have been
given a high priority by the scientific community.

The Mars Scout Program is designed to send a series of small, low-cost
missions to the Red Planet that are competitively selected. The first
robotic spacecraft in this program is the Phoenix lander, which was
launched Aug. 4, 2007, and is scheduled to land in the icy northern
polar region of Mars on May 25, 2008.

NASA's Mars Exploration Program seeks to characterize and understand
Mars as a dynamic system, including its present and past environment,
climate cycles, geology and biological potential. The Mars
Exploration Program Office is managed by NASA's Jet Propulsion
Laboratory, Pasadena, Calif., for the Mars Exploration Program,
Science Mission Directorate, Washington.

For more information, visit:

http://www.nasa.gov/mars

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Australia

ADF GAP YEAR BIG SUCCESS WITH SCHOOL LEAVERS

The Gap Year program to give school leavers paid opportunities to try
out careers in the Australian Defence Force is shaping as an outstanding
success, the Minister for Defence Science and Personnel, Warren
Snowdon MP, said today.

“By early December Defence Force Recruiting had filled all Gap Year
positions for Navy and Air Force in 2008,” Mr Snowdon said.

“Some places remain in Army – but these are expected to be filled
from applications already in the pipeline.

“I encourage school leavers and parents who may be disappointed at
having missed out on places in 2008 to consider reapplying when the 2009
program is launched early in the New Year.”

Mr Snowdon said that, at 20 December, the Gap Year program had
generated more than 4260 inquiries and 1318 applications. Defence had processed
acceptances for approximately 630 applicants.

“More than half of successful applicants for Navy Gap Year positions
are women,” Mr Snowdon said.

“Women are about one in four of the successful applicants for Army.

“More than a third of successful Air Force applicants are women.

“This level of interest in the Gap Year program from young Australian
women is very encouraging for recruiting more women into the ADF.”

The Australian Defence Force (ADF) Gap Year program was launched in
August 2007 as a $306 million element of the $3.1 billion ADF recruitment
and retention program. The Gap Year is intended primarily for secondary
students about to finish their studies. Recent school leavers as well
as students currently enrolled in tertiary courses also are eligible.

The program initially offered 100 positions in the Navy, 500 in the
Army, and 100 in the Air Force. From 2009, Navy will offer 250 positions,
Army 500 and Air Force 250.

The Gap Year program is administered by Defence Force Recruiting. The
Gap Year website at http://www.defencejobs.gov.au/ADFGapYear/ has
further information.

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Southwest Brings 171 Soldiers Home for the Holidays

DALLAS, Dec. 21 /PRNewswire/ -- Southwest Airlines will fly 171 Texas Army
National Guard soldiers from North Carolina to Texas on Sunday, Dec. 23. The
436th Chemical Company of the Texas Army National Guard is stationed at Fort
Bragg, North Carolina, waiting for deployment to Afghanistan. They recently
got news that their deployment has been delayed, so now they are able to spend
the holidays with their families, and Southwest Airlines is making it
possible! The soldiers will arrive in Austin, Dallas, and San Antonio on
Sunday courtesy of Southwest. Southwest Airlines Employees and Customers will
be alongside their families to welcome home the soldiers!

"Southwest Airlines is happy to be able to grant this Christmas wish for
these troops to reunite with their families," said Southwest Airlines
President Colleen Barrett. "We are so proud of what these soldiers are doing
for our country, and we are blessed to give back."

When the troops' scheduled departure to Afghanistan was delayed, the
Commander said the soldiers could go home for the holidays if arrangements
were possible for every soldier. Families scurried to raise money to fund
everyone's trip to Texas, but were unsuccessful. Southwest Airlines learned
of the effort and stepped in to offer flights to all 171 soldiers!

"The support and generosity of Southwest Airlines is an unbelievable
blessing to our soldiers and their families," said Dora Cortez, member of the
436th Chemical Company's Family Support Group. "Many of the children haven't
asked for Christmas presents this year; they simply want their daddies home."

Southwest Airlines is proud to support our troops. The airline has more
than 700 of its own family who serve in the National Guard and Reserves.
Southwest Airlines has gained recognition for its commitment to these
Employees.

In 2007, Southwest Airlines was named one of the Top 50 Military
Friendly Employers. Also, Southwest Airlines was recognized by the Employer
Support of the Guard and Reserve (ESGR) in 2003 for its commitment and support
of the airline's Employees who serve in the National Guard and Reserve.

Southwest Airlines (NYSE: LUV), the nation's largest carrier in terms of
domestic passengers enplaned, currently serves 64 cities in 32 states. Based
in Dallas, Southwest currently operates more than 3,400 flights a day and has
more than 33,000 Employees systemwide.

http://www.southwest.com

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SEC Filing Alert

Lockheed Martin Corporation has filed the following document(s) with the United States Securities and Exchange Commission.

~~~~~~~~~~~~~~~~~~~~

Dec 21, 2007

Form 4 / Ellis, James O Jr

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PDF

View all SEC Filings

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NASA SPINOFF 2007 HIGHLIGHTS SPACE INNOVATION IN EVERYDAY LIFE

WASHINGTON - NASA's Spinoff 2007, an annual online and print
publication featuring NASA space technologies that provide practical,
tangible benefits to society, is now available.

Spinoff 2007 highlights 39 new examples of how NASA innovation can be
transferred to the commercial market place and applied to areas such
as health and medicine, transportation, public safety, consumer
goods, homes and recreation, environmental and agricultural
resources, computer technology and industrial productivity.

"NASA's science, aeronautics and space exploration drives inspiration,
innovation and discovery which in turn keep this nation at the
forefront of technology advancements at a global level," NASA Deputy
Administrator Shana Dale said.

An example of NASA innovation helping to better lives today is a
method for non-invasive, painless, ultrasound examination of the
carotid artery, which carries blood from the heart to the brain. The
test helps to identify risk for atherosclerosis, a major cause of
heart attacks and strokes. The test uses software based on a program
NASA uses to interpret spacecraft imagery from Mars.

Spinoff 2007 also profiles NASA's education efforts and other
partnership successes, and provides reference and resource
information available through the agency's programs.

NASA's Innovative Partnerships Program produces the NASA Spinoff
series. The program fosters technology partnerships,
commercialization and innovation in support of NASA's overall mission
and national priorities. For more information about the program,
visit:

http://ipp.nasa.gov

To request a free printed copy of Spinoff 2007, call 301- 286-5979. To
access Spinoff 2007 and a searchable database of previous Spinoff
editions on the Web, visit:

http://www.sti.nasa.gov/tto

For information about NASA and agency programs, visit:

http://www.nasa.gov

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Bodele Depression Dust Storm

NASA image courtesy the MODIS Rapid Response Team at NASA GSFC. The Rapid Response Team provides daily images of this region.

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Bodele Depression Dust Storm

Dust-storm activity picked up in Chad’s Bodele Depression in mid-December 2007. The Moderate Resolution Imaging Spectroradiometer (MODIS) on NASA’s Aqua satellite captured this image on December 20, during the area’s second day of intense dust activity.

In this image, dual off-white plumes of dust blow toward the southwest. The Bodele Depression sits between two mountain ranges in Chad, downwind from a natural wind tunnel. Although this area appears largely devoid of life, it plays in important role in life halfway around the world. Minerals in Bodele dust plumes help fertilize soils in the Amazon Rainforest.

Much of the dust from the Bodele Depression often blows toward Lake Chad. In this image, the lake is dotted with red hotspots indicative of wildfires.

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Dust Storm over Turkey, Syria, and Iraq

Image courtesy Jeff Schmaltz, MODIS Land Rapid Response Team at NASA GSFC.

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Dust Storm over Turkey, Syria, and Iraq

A dust storm formed over the borders of Turkey, Syria, and Iraq on December 20, 2007. The Moderate Resolution Imaging Spectroradiometer (MODIS) on NASA’s Terra satellite took this picture the same day. This image shows the dust storm—a meandering beige blur—beginning in the northwest and heading toward the southeast. Along the Iran-Iraq border, the dust darkens the color of the snowy surface. This likely results from the dust plume hovering over the area, but some dust may have actually settled on the snow surface. Significant accumulations of dust can hasten snow melt.

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ASTRONOMERS MONITOR ASTEROID TO PASS NEAR MARS

WASHINGTON - Astronomers funded by NASA are monitoring the trajectory
of an asteroid estimated to be 164-feet wide that is expected to
cross Mars' orbital path early next year. Observations provided by
the astronomers and analyzed by NASA's Near-Earth Object Office at
the Jet Propulsion Laboratory in Pasadena, Calif., indicate the
object may pass within 30,000 miles of Mars at about 6 a.m. EST on
Jan. 30, 2008.

"Right now asteroid 2007 WD5 is about half-way between the Earth and
Mars and closing the distance at a speed of about 27,900 miles per
hour," said Don Yeomans, manager of the Near Earth Object Office at
JPL. "Over the next five weeks, we hope to gather more information
from observatories so we can further refine the asteroid's
trajectory."

NASA detects and tracks asteroids and comets passing close to Earth.
The Near Earth Object Observation Program, commonly called
"Spaceguard," plots the orbits of these objects to determine if any
could be potentially hazardous to our planet.

Asteroid 2007 WD5 was first discovered on Nov. 20, 2007, by the
NASA-funded Catalina Sky Survey and put on a "watch list" because its
orbit passes near the Earth. Further observations from both the
NASA-funded Spacewatch at Kitt Peak, Ariz., and the Magdalena Ridge
Observatory in New Mexico gave scientists enough data to determine
that the asteroid was not a danger to Earth, but could potentially
impact Mars. This makes it a member of an interesting class of small
objects that are both Near Earth Objects and "Mars crossers."

Because of current uncertainties about the asteroid's exact orbit,
there is a 1-in-75 chance of 2007 WD5 impacting Mars. If this
unlikely event were to occur, it would be somewhere within a broad
swath across the planet north of where the Opportunity rover is.

"We estimate such impacts occur on Mars every thousand years or so,"
said Steve Chesley, a scientist at JPL. "If 2007 WD5 were to thump
Mars on Jan. 30, we calculate it would hit at about 30,000 miles per
hour and might create a crater more than half-a-mile wide." The Mars
Rover Opportunity is currently exploring a crater approximately this
size.

Such a collision could release about three megatons of energy.
Scientists believe an event of comparable magnitude occurred here on
Earth in 1908 in Tunguska, Siberia, but no crater was created. The
object was disintegrated by Earth's thicker atmosphere before it hit
the ground, although the air blast devastated a large area of
unpopulated forest.

NASA and its partners will continue to track asteroid 2007 WD5. For
more information, visit:

http://neo.jpl.nasa.gov/

Headline News

Related Story ~ From November 2007

Near-Earth Object Testimony before the U.S. House of Representatives Subcommittee on Space and Aeronautics
November 2007

On November 9, 2007, two NASA representatives and four outside witnesses provided oral and written testimony to the House Subcommittee and responded to several questions from Subcommittee members. Most of the discussion centered upon the status of NASA's ongoing near-Earth object search program, NASA's March 2007 Report to Congress on the next generation search for so-called potentially hazardous asteroids (PHAs) larger than 140 meters in diameter and the utility of the Arecibo planetary radar in refining PHA orbits and characterizing their physical natures.

The NASA witnesses were Dr. James Green (Director, Planetary Science Division, Science Mission Directorate) and Dr. Scott Pace (Associate Administrator, Program Analysis and Evaluation). The outside witnesses were Dr. Donald Yeomans (Near-Earth Object Program Office manager at JPL), Dr. Don Campbell (Professor of Astronomy, Cornell University), Dr. Anthony Tyson (Professor of Physics at the University of California, Davis) and Russell Schweickart (Chairman, B612 Foundation).

These testimonies can be accessed at:

http://www.science.house.gov/publications/hearings_markups_details.aspx?NewsID=2033

See also the NASA's March 2007 Report to Congress.

Headline News

Related Story ~ From October 2007

Predicting Apophis' Earth Encounters in 2029 and 2036

SUMMARY

Researchers at NASA/JPL, Caltech, and Arecibo Observatory have released the results of radar observations of the potentially hazardous asteroid 99942 Apophis, along with an in-depth analysis of its motion. The research will affect how and when scientists measure, predict, or consider modifying the asteroid's motion. The paper has been accepted for publication in the science journal "Icarus" and was presented at the AAS/DPS conference in Orlando, Florida in October of 2007. The Apophis study was led by Jon Giorgini, a senior analyst in JPL's Solar System Dynamics group and member of the radar team that observed Apophis.

The analysis of Apophis previews situations likely to be encountered with NEAs yet to be discovered: a close approach that is not dangerous (like Apophis in 2029) nonetheless close enough to obscure the proximity and the danger of a later approach (like Apophis in 2036) by amplifying trajectory prediction uncertainties caused by difficult-to-observe physical characteristics interacting with solar radiation as well as other factors.

BACKGROUND

Upon its discovery in 2004, Apophis was briefly estimated to have a 2.7% chance of impacting the Earth in 2029. Additional measurements later showed there was no impact risk at that time from the 210-330 meter (690-1080 foot) diameter object, identified spectroscopically as an Sq type similar to LL chondritic meteorites. However, there will be a historically close approach to the Earth, estimated to be a 1 in 800 year event.

Photo Links Take You to NASA /JPL

Arecibo Radar Image of Apophis

Apophis Position Uncertainty

The Arecibo planetary radar telescope subsequently detected the asteroid at distances of 27-40 million km (17-25 million miles; 0.192-0.268 AU) in 2005 and 2006. Polarization ratios indicate Apophis appears to be smoother than most NEAs at 13-cm scales. Including the high precision radar measurements in a new orbit solution reduced the uncertainty in Apophis' predicted location in 2029 by 98%.

While trajectory knowledge was substantially corrected by the Arecibo data, a small estimated chance of impact (less than 1 in 45,000 using standard dynamical models) remained for April 13, 2036. With Apophis probably too close to the Sun to be measured by optical telescopes until 2011, and too distant for useful radar measurement until 2013, the underlying physics of Apophis' motion were considered to better understand the hazard.

RESULTS OF THE STUDY

(1) Extending the "Standard Dynamical Model"

Trajectory predictions for asteroids are normally based on a standard model of the solar system that includes the gravity of the Sun, Moon, other planets, and the three largest asteroids.

However, additional factors can influence the predicted motion in ways that depend on rarely known details, such as the spin of the asteroid, its mass, the way it reflects and absorbs sun-light, radiates heat, and the gravitational pull of other asteroids passing nearby. These were examined, along with the effect of Earth's non-uniform gravity field during encounters, and limitations of the computer hardware performing the calculations.

One would normally look for the influence of such factors as they gradually alter the trajectory over years. But, for Apophis, the changes remain small until amplified by passage through Earth's gravity field during the historically close approach in 2029.

For example, the team found solar energy can cause between 20 and 740 km (12 and 460 miles) of position change over the next 22 years leading into the 2029 Earth encounter. But, only 7 years later, the effect on Apophis' predicted position can grow to between 520,000 and 30 million km (323,000 and 18.6 million miles; 0.0035-0.2 AU). This range makes it difficult to predict if Apophis will even have a close encounter with Earth in 2036 when the orbital paths intersect.

Photo Links Take You to NASA /JPL

Present era through 2029 Small factors 2029-2036

It was found that small uncertainties in the masses and positions of the planets and Sun can cause up to 23 Earth radii of prediction error for Apophis by 2036.

The standard model of the Earth as a point mass can introduce up to 2.9 Earth radii of prediction error by 2036; at least the Earth's oblateness must be considered to predict an impact.

The gravity of other asteroids can cause up to 2.3 Earth radii of prediction uncertainty for Apophis.

By considering the range of Apophis' physical characteristics and these error sources, it was determined what observations prior to 2029 will most effectively reduce prediction uncertainties. Observing criteria were developed that, if satisfied, could permit eliminating the 2036 impact possibility without further physical characterization of Apophis.

Such observations could reduce the need for a visit by an expensive spacecraft and reduce the risk of Apophis being prematurely eliminated as a hazard under the standard model, only to drift back into the hazard classification system years later as the smaller, unmodeled forces act upon it.

(2) Mitigation

Mitigation was not specifically studied, but the team found small variations in the energy absorption and reflection properties of Apophis' surface are sufficient to cause enough trajectory change to obscure the difference between an impact and a miss in 2036. Changing the amount of energy Apophis absorbs by half a percent as late as 2018 - for example by covering a 40 x 40 meter (130 x 130 foot) patch with lightweight reflective materials (an 8 kg payload) - can change its position in 2036 by a minimum of one Earth radius.

Photo Links Take You to NASA /JPL

Apophis Trajectory Change

A change somewhat greater than this minimum would be required to allow for prediction uncertainties. For Apophis, scaling up to distribute 250 kg (550 pounds) of a reflective or absorptive material (similar to the carbon fiber mesh being considered for solar sails) across the surface could use the existing radiation forces to produce a 6-sigma trajectory change, moving at least "99.9999998" percent of the statistically possible trajectories away from the Earth in just 18 years.

While no deflection is expected to be necessary, the team's research demonstrates that any deflection method must produce a change known in advance to be greater than all the error sources in the prediction, including some greater than those considered with the standard model.

(3) Impact probability

The study did NOT compute new impact probabilities. This is because key physical parameters (such as mass and spin pole) that affect its trajectory have not yet been measured and hence there are no associated probability distributions.

The situation is similar to having 6 apples (the measured Apophis parameters) and 6 boxes whose contents are unknown (the unmeasured Apophis parameters), then trying to compute the probability one has a total of 12 apples (impact probability). The result reflects back what is assumed about the unknown contents of the boxes, but doesn't reveal new information. The contents of the boxes must be observed (measured) to learn something new.

For similar reasons, the Apophis study instead uses the minimum and maximum range-of-effect in place of computing impact probabilities to provide reasonable criteria for excluding impact in the absence of detailed physical knowledge, once new position measurements are obtained at six key times.

(4) Non-Apophis Conclusions

Aspects of the study relevant to asteroids other than Apophis:

• The Standard Dynamical Model can misestimate impact risk for the more numerous sub-km objects preceded by close planetary encounter(s). This problem might be addressed by reassessing impact potential after planetary encounters, given new measurements.
• The minimum-maximum effect of unmeasured parameters can provide enough information to exclude threats in certain cases.
• Amplification of small trajectory offsets makes valid prediction across a close-encounter difficult without physical knowledge, but offers the potential to redirect the entire uncertainty region and has significant implications for costly spacecraft missions.
• A deflection effort must be known in advance to produce change greater than predicted uncertainties due to ALL parameters, not only the Standard Dynamical Model. For example, if a method produces 10 Earth-radii of change, but prediction uncertainties from all sources are 20 Earth-radii, the deflection would move the asteroid around within the noise, producing an unpredicted result or even a new hazard.

FUTURE

The future for Apophis on Friday, April 13 of 2029 includes an approach to Earth no closer than 29,470 km (18,300 miles, or 5.6 Earth radii from the center, or 4.6 Earth-radii from the surface) over the mid-Atlantic, appearing to the naked eye as a moderately bright point of light moving rapidly across the sky. Depending on its mechanical nature, it could experience shape or spin-state alteration due to tidal forces caused by Earth's gravity field.

This is within the distance of Earth's geosynchronous satellites. However, because Apophis will pass interior to the positions of these satellites at closest approach, in a plane inclined at 40 degrees to the Earth's equator and passing outside the equatorial geosynchronous zone when crossing the equatorial plane, it does not threaten the satellites in that heavily populated region.

Using criteria developed in this research, new measurements possible in 2013 (if not 2011) will likely confirm that in 2036 Apophis will quietly pass more than 49 million km (30.5 million miles; 0.32 AU) from Earth on Easter Sunday of that year (April 13).

CREDITS

In addition to Giorgini, co-authors of the report include Dr. Lance A. M. Benner and Dr. Steven J. Ostro of JPL; Dr. Michael C. Nolan, Arecibo Observatory, Puerto Rico, and Michael W. Busch of the California Institute of Technology.

Arecibo Observatory is operated by Cornell University under a cooperative agreement with the National Science Foundation. JPL is managed for NASA by the California Institute of Technology in Pasadena.

UPDATE NOTES

2007-Dec-13:
The paper will be published in the January 2008 issue of Icarus. Reference: Giorgini JD, Benner LAM, Ostro SJ, Nolan MC, Busch MW, Predicting the Earth encounters of (99942) Apophis, Icarus 193 (2008), pp. 1-19.

Headline News

Headline News Photo

12 / 22 / 2007

Pending

NTSB ADVISORY

National Transportation Safety Board
Washington, DC 20594

December 19, 2007


NTSB SEEKS COMPONENTS LOST OVER TEXAS IN UNCONTAINED ENGINE
FAILURE


In its investigation of an uncontained engine failure that
occurred on a Southwest Airlines flight from Dallas, Texas
(Love Field), to Little Rock, Arkansas, on November 17, the
National Transportation Safety Board is searching for engine
components that fell to the ground in a sparsely populated
rural area of Texas.

The incident, in which pieces of the fan blades and the
spinner separated from the #2 (right) engine, occurred at
2:54 pm over Hunt County, Texas, at an altitude of 25,000
feet during the climb phase of flight. None of the 133
passengers or 5 crewmembers on board the B-737-300 (N676SW)
aircraft were injured. The crew shut down the damaged
engine and returned safely to Dallas on power from the #1
(left) engine. In addition to the damage to the engine and
its housing components, the aircraft sustained minor damage
to the fuselage.

NTSB engineers developed a Ballistic Trajectory Analysis
using data such as the aircraft ground track, speed,
prevailing winds and other factors, to create an area where
the engine pieces are most likely to be found. The area is
approximately 0.4 miles wide and 1.7 miles long and is
located on private property.

The owners of the property whose land is in the identified
area will be contacted by the Hunt County sheriff's office
and will be asked to notify the sheriff if an aircraft
engine part is discovered. Because these engine parts
and the exact location of discovery are essential to the
investigation, parts should not be handled by the public,
but instead should be marked in place. If found, please
contact the Hunt County sheriff's office at (903) 453-6800.

The NTSB asks anyone volunteering to search for these items
to respect private property rights and get permission of the
landowner before searching on another's property.

###

Headline News Photo

Responsible for assembling the high-tech nose sections and the machining of light alloy parts, Meaulte is a Centre of Excellence in northeastern France.

Photo: Airbus SAS

Headline News

EADS and Airbus select preferred bidders for site divestments

Headline News Photo First A380 Fuselage Sections at the Airbus Saint Nazaire facility Photo: Airbus SAS

19 December 2007

~ Latécoère selected for Méaulte and St. Nazaire Ville

~ MT Aerospace (OHB Technology) selected for Nordenham, Varel and Augsburg

~ GKN selected for Filton

EADS and Airbus have selected Latécoère in France, GKN in the UK, and MT Aerospace in Germany as preferred bidders for the sites of Méaulte and Saint Nazaire Ville in France, the Filton wing component and sub-assembly manufacturing facility in the UK, and Nordenham, Varel and Augsburg in Germany. The EADS Board of Directors has authorized the management of EADS and Airbus to enter into negotiations with the preferred bidders on remaining issues and the required final due diligence, with the target to achieve a final agreement as soon as possible. Substantial progress on the share purchase agreement is expected in the first quarter of 2008. The EADS Board sees this decision as a clear commitment of the management to the Power8 targets.

The partner selection for Filton will allow for an outright sale of the manufacturing part of the site to GKN. For the French and German sites, the agreement with Latécoère and MT Aerospace will take the form of joint ventures, in which Airbus will retain a substantial minority shareholding. Airbus has the option to withdraw completely after three years. The merit of the joint venture structure is to empower Airbus to closely monitor the transition during the period of A350 XWB development and convergence of definition, while reducing substantially EADS’ cash outlays. Under the joint venture agreements, Airbus does not intend to interfere in the majority shareholder’s management of each plant.

The Airbus plants targeted for divestment employ a total of 7,400 employees, and represents € 1.4 billion of Airbus’ cost base in 2007. EADS Defence & Security's plant in Augsburg employs 2,000 employees and represents around € 450 million of its cost base in 2007. About 70 percent of the Augsburg plant's revenues come from Airbus.

"The ongoing divestment of sites and the building of a network of partners for Airbus allows EADS to focus its resources on core activities. It is a way to optimise Airbus' industrial set-up in the frame of the extended enterprise. At the same time, it helps EADS to reduce financing needs in a period strained by conjunction of costly programmes and weak dollar uncertainty," said EADS CEO, Louis Gallois.

“This decision is an important milestone for Airbus' new strategy and Power 8 programme. We will work to progress and conclude the negotiations as swiftly as possible. At the same time, we can now begin to establish long-term partnerships with three first tier suppliers for the A350 XWB, who will share workload, investment, risk and future benefits with us. The bidders will now be invited to the A350 XWB development plateau," said Airbus President and CEO Tom Enders. “This process will generate strong tier one partners for Airbus, and will allow the sites to further develop and acquire the required technologies to remain competitive in the future.”

The transactions are expected to be closed in summer 2008, when the sites are effectively transferred to the new owners. Meanwhile, these sites will continue to produce their parts for the existing Airbus products (A320 Family, A330/A340 Family, and A380) for which Airbus has an order book of some 3,000 aircraft. The finalisation of transactions is subject to agreements on terms and conditions (such as governance issues, exit mechanisms, etc.), and the demonstration of satisfactory financing structures and backing by the buyers.

The Power 8 programme is a comprehensive improvement programme designed to reinforce Airbus' competitiveness in the face of the weakening dollar. It will enable Airbus to become more efficient and productive through a complete turn-around of the company. This involves becoming more integrated, with simpler processes, implementing lean manufacturing, shortening development times and reducing the number of suppliers.

A350 XWB work packages will now be allocated to the future tier one partners in Filton, Meaulte and St Nazaire, as well as Nordenham, Varel and Augsburg. The pace and schedule of final negotiations with the preferred bidders at this stage is consistent with the ongoing A350 XWB development timeline. The site divestment process for Laupheim continues in parallel.

EADS is a global leader in aerospace, defence and related services. In 2006, EADS generated revenues of € 39.4 billion and employed a workforce of about 116,000. The Group includes the aircraft manufacturer Airbus, the world's largest helicopter supplier Eurocopter, and EADS Astrium, the European leader in space programmes from Ariane to Galileo. Its Defence & Security Division is a provider of comprehensive systems solutions and makes EADS the major partner in the Eurofighter consortium as well as a stakeholder in the missile systems provider MBDA. EADS also develops the A400M through its Military Transport Aircraft Division.

Safe Harbour Statement:

Certain statements contained in this press release are not historical facts but rather are statements of future expectations and other forward-looking statements that are based on management’s beliefs. These statements reflect the EADS’ views and assumptions as of the date of the statements and involve known and unknown risk and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements.

When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “may”, “intend”, “plan to” and “project” are intended to identify forward-looking statements.
This forward looking information is based upon a number of assumptions including without limitation: assumption regarding demand, current and future markets for EADS’ products and services, internal performance, customer financing, customer, supplier and subcontractor performance or contracts negotiations, favourable outcomes of certain pending sales campaigns.

Forward looking statements are subject to uncertainty and actual future results and trends may differ materially depending on variety of factors including without limitation: general economic and labour conditions, including in particular economic conditions in Europe, North America and Asia, legal, financial and governmental risk related to international transactions, the cyclical nature of some of EADS’ businesses, volatility of the market for certain products and services, product performance risks, collective bargaining labour disputes, factors that result in significant and prolonged disruption to air travel world wide, the outcome of political and legal processes, including uncertainty regarding government funding of certain programs, consolidation among competitors in the aerospace industry, the cost of developing, and the commercial success of new products, exchange rate and interest rate spread fluctuations between the Euro and the U.S. dollar and other currencies, legal proceeding and other economic, political and technological risk and uncertainties.

Additional information regarding these factors is contained in the Company’s “registration document” dated 25 April 2007.

Headline News Photo

The first lower center shell of the A380 fuselage was removed from assembly jig at the Airbus site in Saint-Nazaire, France, during late 2003.

Photo: Airbus SAS

Headline News Photo

Landing gear jig at the Airbus facility in Filton

Photo: Airbus SAS

UPS Contract with Teamsters Ratified


WASHINGTON, D.C., Dec. 19, 2007 - The International Brotherhood of Teamsters today notified UPS (NYSE:UPS) that a new contract covering approximately 240,000 UPS employees has been certified approved and ratified.

The ratification came as five local supplemental or rider agreements received approval in a second round of employee voting. Last month, the UPS National Master Agreement was approved by 65% of the voting employees.

The master contract was negotiated nearly a year in advance of the current contract's expiration on July 31, 2008, and will extend contract coverage to July 31, 2013.

"We are excited to learn that everything now is in place to implement our agreement with the Teamsters," said Mike Eskew, UPS's chairman and CEO. "This agreement helps to ensure that UPS is well positioned for success in the coming years."

The new contract includes wage increases as well as significant contributions to healthcare and pension plans to help strengthen these benefits for employees. The agreement allows UPS to withdraw employees from the Central States multi-employer pension plan and to establish a jointly trusteed, single-employer plan for this group. UPS will make a pre-tax $6.1 billion payment to the Central States plan on Dec. 26, 2007, in connection with its withdrawal. A more detailed explanation of contract provisions will be available after 10 a.m. EST on Dec. 20 at www.ups.com/investors .

UPS, which celebrates its 100th anniversary in 2007, is the world's largest package delivery company and a global leader in supply chain services, offering an extensive range of options for synchronizing the movement of goods, information and funds. Headquartered in Atlanta, Ga., UPS serves more than 200 countries and territories worldwide. UPS's stock trades on the New York Stock Exchange (UPS) and the company can be found on the Web at www.UPS.com .

To get UPS news direct, visit www.pressroom.ups.com/RSS

# # #

UPS Names New District Executive

Romaine Seguin To Lead South Europe District

MILANO, Italy, Dec. 18, 2007 – Romaine Seguin, a 24-year veteran of UPS (NYSE:UPS) and a native of Missouri, has been named the vice president of operations for the company's South Europe District. In her new role, Seguin will be responsible for small package shipments throughout Italy, Spain, Portugal, Greece, Bulgaria, Romania, the Balkans, the Middle East and the entire African continent.

Seguin started her UPS career in the Missouri District in 1983 as a part-time hub supervisor. She held a variety of staff and operational assignments in Missouri and was later promoted to manager.

In 1989, Seguin accepted a five-year assignment to Europe as part of an integration team as UPS expanded its operations there, residing in the UK and France. Since then, she has held a variety of management positions throughout the UPS organization, including promotion to Gulf South District Manager in 2001 and Minnesota District Manager in 2004.

UPS, which celebrates its 100th anniversary in 2007, is the world's largest package delivery company and a global leader in supply chain services, offering an extensive range of options for synchronizing the movement of goods, information and funds. Headquartered in Atlanta, Ga., UPS serves more than 200 countries and territories worldwide. UPS's stock trades on the New York Stock Exchange (UPS) and the company can be found on the Web at www.UPS.com . To get UPS news direct, visit www.pressroom.ups.com/RSS