Electronics Maker News

Originally developed for naval use, SeaGuard can enhance situational awareness in congested waters and improve search and rescue operationsSperry Marine unveiled SeaGuard, a high-resolution radar system designed to deliver a higher standard in navigational awareness for operators of very large cruise ships. Originally developed for navy use, the long-tenured marine electronics maker has already bagged a signature reference for the system. According to Pascal Göllnitz, Associate Product Manager…

China's COSCO already the sole bidder for Greece's Piraeus Port. Buying both would give COSCO a European transhipment hub. China's COSCO is expected to make an offer for Greece's rail network after becoming the sole bidder for the country's largest port, two people familiar with the matter said, as the state owned shipping giant forges ahead with a plan to build a European transhipment hub. Buying TRAINOSE and Piraeus Port would give COSCO maritime connections to the Suez Canal and rail links to the Balkans and central and Eastern Europe. Bolstered by December's merger with China Shipping Group , COSCO's focus on Greece is about building market share at a time of anguish in a bruised and oversupplied shipping sector, industry sources said.

Northrop Grumman Corp., the number five U.S. defense contractor, said on Tuesday that it has completed its $3.8 billion purchase of warship and defense electronics maker Litton Industries Inc. Los Angeles-based Northrop, which makes high-tech weapons systems, said the purchase will solidify its defense electronics segment while adding shipbuilding and commercial electronics capabilities. The deal cleared required U.S. and European Commission reviews late last month. "The Litton acquisition creates a $15 billion, top-tier global defense enterprise with 80,000 employees worldwide," said a Northrop Grumman official. Under the agreement signed by the two companies, the acquisition also includes the assumption of Litton's $1.3 billion net debt.