U.S. Navy Awards General Dynamics $107 Million and Lockheed Martin Awarded $75 Million Contract for Arrowhead Production

Defense industry news provided by Financial News USA (OTC: FNWU) The U.S. Navy has awarded General Dynamics Electric Boat a $107.3 million contract to provide lead-yard services and research and development studies for Virginia-class nuclear- powered attack submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). Lockheed Martin (NYSE: LMT) was awarded a contract valued at approximately $75 million for the purchase of 13 Arrowhead Modernized Target Acquisition and Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS) systems that will serve as the day/night vision system for the Boeing AH-64D Apache Longbow attack helicopter.

Northrop Grumman Corporation (NYSE:NOC) has successfully demonstrated the capabilities of an advanced high-power amplifier for the U.S. Army that is capable of enabling critical communications for the network-centric Future Force. U.S. BioDefense (OTCBB: UBDE) is pleased to announce recently that it has received its first stem cell line as a part of an agreement with the University of British Columbia. The company will begin evaluation of the neural crest stem cell line before beginning production of a commercial line which will be available for research use by Universities and other biotech companies. We will also be evaluating the utilization of this line for human transplantation and in collaboration with the FDA; we will investigate whether further development of this cell line will make it appropriate for the treatment of brain neurodegeneration and spinal cord repair.

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