Offshore Systems, Kelvin Hughes and Lockheed Martin UK Form Alliance to Pursue Warship Navigation Systems Market.
HAVANT, United Kingdom--(BUSINESS WIRE)--June 24, 2003
Lockheed Martin For the former company, see .
Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. has teamed with two of the world's leading maritime navigational equipment suppliers to pursue the expanding UK and international military market for electronic chart and navigation systems.
Lockheed Martin UK has teamed with Kelvin Hughes Kelvin Hughes is a marine systems business which specialises in commercial and military marine navigation systems and equipment. The company is a subsidiary of Smiths Group and was established in 1941 as Kelvin and Hughes Marine Instruments Ltd. Ltd and Offshore Systems Ltd to bid into the initial competitive stage of the MOD's requirement for Warship warship, any ship built or armed for naval combat. The forerunners of the modern warship were the men-of-war of the 18th and early 19th cent., such as the ship of the line, frigate, corvette, sloop of war (see sloop), brig, and cutter. Electronic Chart Display and Information Systems (WECDIS WECDIS Warship Electronic Chart Display and Information System ), which is being considered for installation into all Royal Navy ships There are two lists of Royal Navy ships:
Electronic charts are replacing traditional paper charts in many of the world's navies for their ease of use. It is anticipated that WECDIS will also replace existing electro-mechanical chart tables in a significant number of Royal Navy and Royal Fleet Auxiliary The Royal Fleet Auxiliary (RFA) is a component of the Naval Service that keeps the Royal Navy of the United Kingdom running around the world. Its main function is to supply the Royal Navy with fuel and supplies. ships and submarines.
Ron Christenson, Group Managing Director of Lockheed Martin UK Ltd Systems Integration said: "We have formed a powerful alliance combining the programme management and systems integration skills of Lockheed Martin with the world's top navigational hardware and software suppliers. Our proposal for the UK's WECDIS requirement will provide enhanced situational awareness Situation awareness or situational awareness  (SA) is the mental representation and understanding of objects, events, people, system states, interactions, environmental conditions, and other situation-specific factors affecting human performance in and improved safety benefits in a package that is both cost-effective and user-friendly. This team gives us a strong position to exploit the expanding market sector for military navigation equipment on a global scale."
The world market for military maritime navigational equipment is estimated to be in excess of $500 million over a 10-year period.
Lockheed Martin UK, a unit of Lockheed Martin Corporation, is a leader in systems integration working on major programmes spanning the aerospace, defence, civil and commercial sectors with significant capabilities in the transport infrastructure market. In the UK, Lockheed Martin has annual sales in the range of Pounds Sterling 400-600 million working with more than 75 business partners. Lockheed Martin employs approximately 1,000 people at over 10 UK facilities including London, Havant, Southampton, Yeovil, Swindon, Hertford, Bristol and Cornwall.
Headquartered in Bethesda, Maryland, Lockheed Martin employs about 125,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. The Corporation reported 2002 sales of $26.6 billion.
Notes to Editors:
1. It is estimated that paperless navigation will be achieved across major RN platforms by 2008.
2. Offshore Systems International Ltd. (OSI (1) (Open System Interconnection) An ISO standard for worldwide communications that defines a framework for implementing protocols in seven layers. Control is passed from one layer to the next, starting at the application layer in one station, proceeding to the ) provides precise electronic display systems and geo-spatial data for geographic situational awareness. Founded in 1977, OSI maintains a position of technological leadership in its field, a record appreciated by military, government, and commercial customers around the world. OSI conducts its operations through two business units: Offshore Systems Ltd. provides systems for the dynamic display of geo-spatial data for mission-critical operations such as fleet navigation; and OSI Geomatics Geomatics is the discipline of gathering, storing, processing, and delivering of geographic information, or spatially referenced information. Overview
The term "Geomatics" refers to:
Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
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3. Kelvin Hughes Limited is part of Smiths Marine Systems and, is one of the world's leading designers and manufacturers of marine navigation systems. The naval Business has supplied more than 30 Navies with Navigation Tactical Displays, Plotting Tables and Specialised Submarine Radar Navigation Systems. The company is also the world's largest maritime chart and corrections agent supplying paper and electronic chart to vessels and worldwide shipping companies. Based in the UK, Kelvin Hughes Limited has a network of over fifty agents around the world. For more information, visit www.kelvinhughes.com.
4. Babcock Design & Technology Limited (BD&T) is part of Babcock Engineering Services who are one of the trading arms of the Babcock International Group Babcock International Group PLC (LSE: BAB) is a British based support services company specialising in mobilising its engineering expertise to assist its customers in managing complex assets and infrastructure in safety- and mission- critical environments. . BD&T operate out of two UK locations Rosyth and Weymouth and provide complete Through-Life Engineering and Support for new and existing assets particularly in the Defence market. BD&T's capabilities provide complete engineering and support solutions from concept through to disposal, offering professional and practical services. BD&T specialise in Shipfitting Design and Installation Engineering and provide a proficient service in platform design and installation of equipment and systems into varying types of ships and submarines.
Contact Lockheed Martin: Jeremy Greaves greaves
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Or Chris Trippick +44(0)207 798 2856 (mob) +44 (0)7905 356 646 or email: firstname.lastname@example.org.
For additional information on Lockheed Martin UK visit: www.lockheedmartin.co.uk.
For additional information on the Lockheed Martin Corporation, visit our Web site: www.lockheedmartin.com.
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws including Section 27a of the Securities Act of 1933, as amended, and Section 21e of the Securities Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, OSI's analysis of opportunities in the acquisition and development of various project interests and other matters. These statements are made under the 'safe harbour' provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and, as such, involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Although Offshore Systems International believes the expectations reflected in such forward-look statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include the effects of general economic conditions, changing foreign exchange rates, actions by government authorities, uncertainties associated with contract negotiations, industry supply.
ECPINS ECPINS Electronic Chart Precise Integrated Navigation System (Offshore Systems) and COP-IDS are trademarks of Offshore Systems Limited. All other trade names mentioned are trademarks and/or registered trademarks of their respective owners.