Shipping Industry Calls for Release of Galaxy Leader Crew
The international maritime industry, led by the International Chamber of Shipping, has joined together to express their concern for the seafarers from the Galaxy Leader who have been held hostage and call on the Houthis to release them.Monday February 19, 2024 marks the three-month anniversary since the Houthis seized the Galaxy Leader and its 25 seafarers in the Red Sea.The roll-on/roll-off vehicle carrier was seized on November 19.“The 25 seafarers who make up the crew of the Galaxy Leader are innocent victims of the ongoing aggression against world shipping…
Lockheed Martin Awarded Contract for Sonar Upgrades for U.S. Navy Submarines
The U.S. Navy has awarded Lockheed Martin (NYSE:LMT) a contract valued at more than $61 million for continued support to the Acoustic Rapid Commercial Off-The-Shelf (COTS) Insertion (A-RCI) program. A-RCI is a sonar system upgrade installed on all classes of U.S. Navy submarines. The system integrates and improves the processing of data from sensors including the towed array, hull array and sphere array. These improvements are achieved by use of COTS-based hardware and software that speeds processing while enhancing fidelity. The contract will provide engineering, technical services and associated materials for the design and development of upgrades and systems support for the A-RCI program.