latest news releases from the newsroom
Northrop Grumman Corp.
Photo Release -- Northrop Grumman Unveils Operational Concept for Naval Unmanned Combat Air Vehicle
EL SEGUNDO, Calif., April 15, 2003 (PRIMEZONE) -- Northrop Grumman Corporation's (NYSE:NOC) Integrated Systems sector today unveiled its operational system concept for a naval unmanned combat air vehicle (UCAV-N) designed to fly surveillance, strike and suppression-of-enemy-air-defense missions from an aircraft carrier. The concept represents Northrop Grumman's participation in an emerging government competition to develop and demonstrate UCAVs that could perform U.S. Navy and Air Force missions.
Allied Irish Banks, p.l.c.
Allied Irish Banks, p.l.c.: Listing Rule 16.4
DUBLIN, Ireland, April 15, 2003 (PRIMEZONE) -- In connection with the recent appointment of Mr. Robert G. Wilmers to the Board of Allied Irish Banks, p.l.c., (NYSE:AIB) Mr. Wilmers is a director of M&T Bank Corporation and there are no details to be notified to the Company Announcements Office pursuant to Listing Rule 16.4(b).
EQT Divests Stenqvist to Triton
STOCKHOLM, Sweden, April 15, 2003 (PRIMEZONE) -- EQT Scandinavia I has signed an agreement with the private equity investment firm Triton to sell Stenqvist. Completion of the transaction is subject to approval from the competition authorities.
Northrop Grumman Corp.
Northrop Grumman Team to Provide U.S. Air Force Global Tactical Combat Communications System
SAN DIEGO, April 15, 2003 -- The U.S. Air Force has selected a team that includes Northrop Grumman Corporation (NYSE:NOC), Modern Technologies Corporation, Dayton, Ohio, and ARINC, Inc., Annapolis, Md., to provide a new global tactical combat communications system.
Interliant Assets to be Acquired by Pequot Ventures
PURCHASE, N.Y., April 15, 2003 (PRIMEZONE) -- Interliant, Inc. (OTCBB:INIT), a provider of managed infrastructure solutions, today announced that Pequot Ventures (Pequot), the direct investment arm of Pequot Capital Management, Inc., a private investment firm with approximately $6 billion of assets under management, has signed an agreement to acquire Interliant's managed infrastructure solutions business. This represents substantially all of Interliant's remaining assets and is comprised of its managed messaging/collaboration, managed hosting, managed security, and consulting businesses, as well as its UK operations. The acquisition is structured as an asset sale under section 363 of the US Bankruptcy Code and includes the assumption of certain liabilities associated with the assets being acquired.
Alpha Group Selects Movex from Intentia
STOCKHOLM, Sweden, April 15, 2003 (PRIMEZONE) -- Intentia International AB (publ.) (Other OTC:IAINF) (XSSE:INTB) today announced that on March 31, Intentia signed a contract with Amigon, Alpha Group's information and communication services company, to implement Movex, Intentia's enterprise and e-collaboration application. Alpha Group is the main distributor in Europe for a world leading fast-food service restaurant chain. Perfect partnership, competence in distribution and the rich functionality of Movex were the main factors for selecting Intentia.The project, called ESSCOT (European Software Systems for Supply Chain of Tomorrow), covers the implementation of common processes for all distributors in Europe. In addition to traditional application component groups such as purchasing, logistics, quality assurance, sales and distribution, the system will also include Intentia's solution for e-business and portals.