Lockheed Martin Awarded Grant
Lockheed Martin Maritime Systems and Sensors, Moorestown, N.J., is being awarded a $44,910,868 cost-plus award/fixed-fee contract for combat systems engineering. The grant will support the government of Australia under the Foreign Military Sales Program - Case AT-P-LCQ – after it selected the Navy/Lockheed Martin Aegis Combat System for its Australian Air Warfare Destroyer (AWD) Program. These requirements include the necessary combat systems engineering, computer program development, ship integration and test logistics technical services, NSCC/CSEDS equipment, and staging support to design and build an Aegis Weapon System (AWS) baseline to support the AWD Program. The AWD AWS baseline will be derived from a technology refreshed variant of the Navy AWS baseline 7 Phase I.
Braemer Shipping Interim Management Statement
“Shipping markets have experienced a significant correction over the past four months and in varying degrees dry and wet freight rates and vessel values are sharply lower, mainly in response to the slowing global economic demand and the significant contraction in the availability of bank lending. However, within our Shipbroking division chartering has remained active and to date there have been no significant cancellations within our forward order book. Our Technical Services businesses have maintained the high activity levels experienced in the first half and the Logistics and Environmental businesses are continuing to perform steadily. The Board is confident about the out-turn for the current financial year.
Crowley Organizational Changes
Crowley announced changes in leadership and company organization involving its logistics, technical services and marine salvage business lines. Rinus Schepen, Crowley's senior vice president and general manager of logistics, has announced his retirement effective in June 2009. Schepen, a 20-year Crowley veteran, has been a significant contributor to the company's success and will continue to work for Crowley on special assignments in retirement. Collar will become senior vice president and general manager for the group effective Jan. 1, 2009.
