FAST Program Achieves Successful Critical Design Review
Atlas Elektronik UK, with its Atlas-QED consortium partners ITT Corporation (formerly EDO Corporation) and QinetiQ, has achieved a successful Critical Design Review of a mine counter measures (MCM) flexible agile sweeping technology (FAST) technology readiness demonstrator (TRD), in line with the main program schedule. The demonstrator, which is being supplied under contract, will ultimately enable the MoD to put a combined influence sweep (CIS) replacement into service using FAST Technology. This latest milestone follows an Interim Design Review in September 2007. With the build phase well underway, the program remains on track to achieve the target of readiness for formal trials later this year.
EDO to Supply Israeli Navy with Sonar System
EDO Corporation received a contract from the Israeli Navy to purchase its advanced-technology ALOFTS undersea-warfare sensor. ALOFTS was selected based upon the Israeli Navy's past experience with EDO's sonar systems and after a thorough review of ALOFTS' specifications and capabilities. The contract is valued at more than $7 million, plus options for additional systems. The EDO Model 980 ALOFTS system is a low-frequency, active, towed-array system that represents the latest, most advanced sonar technology. It provides a long-range sensor capability that will counter the threat of extremely quiet submarines operating in either shallow or deep water.
Stratos Announces Newly Elected Directors
Stratos Global Corporation announced that Sir Robert Walmsley and Mr. Michael Bayer were elected as new members of the Corporation's Board of Directors at its annual general meeting held May 11, 2006. Sir Robert Walmsley was Chief of Defence Procurement at the UK Ministry of Defense ("MoD") from 1996 until his retirement from public service in 2003. Prior to his MoD appointment, Sir Robert was a career officer in the Royal Navy, where he rose to the rank of Vice Admiral in 1994 and served for two years as Controller of the Navy. Sir Robert is also currently on the Board of Directors of British Energy Group plc., Cohort plc, EDO Corporation and General Dynamics Corporation.
