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City of Industry, CA --12/21/2006 - Defense industry alert provided by U.S. Equity News. Military & Specialty Distributors, Inc. ("MSDI"), a subsidiary of Military Resale Group, Inc. (OTC: MYRG), recently announced that it is in negotiations and will announce soon new consumer goods and products that it plans to distribute through to the DeCA system, and the 13.7 million patrons who purchase $5 billion in products each year and through new retail outlets. Military Resale Group, Inc. (MYRG) has been in business for over eight years with a solid track record as a specialist in military distribution.
Military contractor Lockheed Martin Corp. (NYSE:LMT) said Thursday it got a contract worth up to $50 million from the Air Force to develop the next generation Global Positioning System Space. The new satellite program extends beyond the current system to include anti-jam capabilities and improved security, accuracy and reliability, the company said in a released statement. The information-technology division of General Dynamics (NYSE:GD) has pulled down a contract from the U.S. Air Force Ogden Air Logistics Center worth up to $1.9 billion to provide technical support to the Department of Defense. Under the contract, which could extend for five years, Fairfax-based General Dynamics Information Technology will provide design and engineering technical support services for DoD mission weapon systems, components and related equipment. Defense contractor Raytheon Co. (NYSE:RTN) plans to sell its aircraft business for $3.3 billion to Hawker Beechcraft Corp., a new company formed by an affiliate of Goldman Sachs and Onex Partners. The world's fifth-largest defense contractor said Thursday it expects to pocket $2.5 billion after taxes from the sale of the Wichita, Kan.-based unit that makes Hawker and Beechcraft planes for commercial and military markets.
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