Inside the Subsea Cable Firm Secretly Helping America Take on China
On Feb. 10 last year, the cable ship CS Dependable appeared off the coast of the island of Diego Garcia, an Indian Ocean atoll that’s home to a discreet U.S. naval base.Over the next month, the ship’s crew covertly laid an underwater fiber-optic cable to the military base, an operation code-named “Big Wave,” according to four people with direct knowledge of the mission, as well as a Reuters analysis of satellite imagery and ship tracking data.The new super-fast internet link to Diego Garcia, which has not previously been reported, will boost U.S. military readiness in the Indian Ocean, a region where China has expanded its naval influence over the last decade.The CS Dependable is owned by SubCom…
Coughlin Named "Director of the Year"
Dun & Bradstreet Chairman of the Board, Christopher Coughlin, will be honored later this evening by the National Association of Corporate Directors (NACD) as Director of the Year. "Dun & Bradstreet is extremely proud to have Chris as our Chairman of the Board," said Bob Carrigan, Chief Executive Officer and Director, Dun & Bradstreet. "Having worked with Chris for the past two years, I sincerely admire his abilities as a leader and strategist. He has built an inclusive board of directors here, and we all benefit from the wealth of knowledge and experience that he brings. Coughlin has years of experience in senior leadership roles which included serving as Chief Financial Officer of Tyco International Ltd.
PPG Appoints Sklarsky
PPG Industries said Frank S. Sklarsky will join the company as executive vice president for finance, effective April 15, reporting to Chairman and CEO Charles E. Bunch. Also, effective August 1, Sklarsky will be named PPG executive vice president and chief financial officer. David B. Navikas, currently PPG senior vice president, finance and chief financial officer, will continue in his current role until August 1, and will then continue as senior vice president in a senior leadership role that will be announced later. Most recently, Sklarsky was executive vice president and chief financial officer, Tyco International, Ltd., a global provider of security, fire protection and flow control solutions with revenues that exceeded $17 billion.
Curtiss-Wright Acquires Nu-Torque
Curtiss-Wright Corporation (NYSE:CW) has acquired substantially all of the assets of Nu-Torque, a designer and manufacturer of electric and hydraulic valve actuation and control devices primarily for U.S. Navy ships. The business will become part of Curtiss-Wright's Flow Control segment. Curtiss-Wright Chairman and CEO Martin R. Benante said, "Nu-Torque also provides the opportunity to expand our presence in the U.S. Nu-Torque was founded in 1980 and acquired in 2002 by Tyco Flow Control, a unit of Tyco International Ltd. With annual sales of approximately $8m, typical applications for the Nu-Torque products are for valve automation of shipboard fluid systems, such as fire main, ballast and various safety systems on numerous categories of Navy combatant ships.
ADT to Install $4.75M Security System at Port of Oakland
The Port of Oakland announced today the award of a $4.75 million maritime security enhancement contract to Florida-based ADT Security Services, Inc., a unit of Tyco Fire & Security. Under the contract, ADT will install an integrated security system using advanced technology to assist the Port of Oakland, the nation's fourth busiest container port, in its overall security assessment and improvement program. The contract is being funded through a 2002 seaport security grant award from the federal Transportation Security Administration. The contract calls for a comprehensive system design: automated access control, video surveillance, perimeter intrusion detection, as well as an integrated communications infrastructure.
