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Technology Stocks : ATCO -- Breakthrough in Sound Reproduction
ATCO 15.480.0%Mar 28 5:00 PM EST

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To: SunAge who started this subject8/28/2003 2:44:04 PM
From: Savant   of 2062
 
RT-BAE SYSTEMS Plays Major Role on General Dynamics Team for The U.S. Navy's

Littoral Combat Ship Preliminary Design Award


ROCKVILLE, Md.--(BUSINESS WIRE)--Aug. 28, 2003--BAE SYSTEMS will
play a critical role in the design and development of the U.S. Navy's
Littoral Combat Ship (LCS) as a major subcontractor and teammate to
General Dynamics. Last month, the Navy awarded the General Dynamics
team an $8.9 million contract to develop a preliminary design for LCS.
Focusing on affordability, LCS will provide the Navy with the
capability to defeat swarm boats, mines, diesel submarines and
multiple other missions. Besides BAE SYSTEMS, the General Dynamics
team includes Austal, USA and Austal, Australia; CAE of Canada; and
Maritime Applied Physics Corporation of Annapolis, Md.
BAE SYSTEMS Technology Solutions Sector is leading the company's
effort on the program, working with multiple business units from the
U.S. and U.K. BAE SYSTEMS will leverage its naval platform experience
to enhance the team's trimaran concept based upon Austal's innovative,
high-speed commercial ship design.
"This program is perfectly matched to the capabilities that BAE
SYSTEMS can leverage from its worldwide reach and expertise in support
of the General Dynamics' team," explained Andrew Kirksey, vice
president and general manager, Technology Solutions Surface Warfare
business unit.
The flexibility, speed, endurance, volume, seakeeping, payload
capacity, and maneuvering characteristics of the trimaran concept,
coupled with modular mission packages and other modifications to
address military-specific requirements, provide an optimal solution
for the Navy's LCS requirements. These same characteristics make the
team's trimaran design applicable to a wide variety of other domestic
and international navy, coastal defense, and high-speed logistics
support programs.

About BAE SYSTEMS:

BAE SYSTEMS is an international company engaged in the
development, delivery and support of advanced defense and aerospace
systems in the air, on land, at sea and in space. The company designs,
manufactures and supports military aircraft, surface ships,
submarines, radar, avionics, communications, electronics and guided
weapon systems. It is a pioneer in technology with a heritage
stretching back hundreds of years. It is at the forefront of
innovation, working to develop the next generation of intelligent
defense systems.
BAE SYSTEMS has major operations across five continents and
customers in some 130 countries. The company has 100,000 people and
generates annual sales of approximately $18 billion through its
wholly-owned and joint venture operations.
BAE SYSTEMS North America is a high-technology U.S. company
employing more than 25,000 people who live and work in some 30 states,
the District of Columbia, and the United Kingdom. The company is
dedicated to solving its customers' needs with highly innovative and
leading edge solutions across the defense electronics, systems,
information technology, and services arenas.
BAE SYSTEMS Technology Solutions Sector provides a full-spectrum
of systems engineering, technical services, and ordnance systems to
its customers in disciplines essential for successful systems
development, operating, and maintenance. Its full life-cycle systems
capabilities include system design, integration and test; software
development, engineering, and maintenance; and integrated logistics
support.
BAE SYSTEMS, innovating for a safer world.

--30--DES/ph*

CONTACT: BAE SYSTEMS Technology Solutions
Paula Sandin, 301-738-4653
Cell: 301-233-1808
paula.sandin@baesystems.com
or
www.na.baesystems.com

KEYWORD: MARYLAND
INDUSTRY KEYWORD: MANUFACTURING TELECOMMUNICATIONS HARDWARE
GOVERNMENT AEROSPACE/DEFENSE MARKETING AGREEMENTS PRODUCT
SOURCE: BAE SYSTEMS

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Aug-28-2003 18:37 GMT
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