latest news releases from the newsroom
Frontline: Acquisition of Assets
OSLO, Norway, June 18, 2001 (PRIMEZONE) -- A consortium of Tankers International Partners consisting of Frontline (Nasdaq:FRONY) , Euronav and OSG, each with 1/3, has entered into an agreement with Bergesen to acquire the tankers Berge Ichiban and Berge Tokyo. The tankers are built in 2000 and are 296,000 dwt. The consortium will take delivery of the vessels in July/August 2001.
Harwood Feffer LLP
Wechsler Harwood Files Securities Class Action Against Robotic Vision Systems, Inc. -- ROBV
NEW YORK, June 17, 2001 (PRIMEZONE) -- Wechsler Harwood Halebian & Feffer LLP filed a class action lawsuit against Robotic Vision Systems, Inc. and its top two executives. The action is pending in the United States District Court for the District of Massachusetts. The suit is brought on behalf of all persons or entities who purchased the commons stock of Robotic Vision Systems, Inc. ("Robotic Systems") (Nasdaq:ROBV) between January 27, 2000 and May 15, 2001 inclusive (the "Class Period").
Northrop Grumman Corp.
Northrop Grumman Receives 'X' Designation for Pegasus
PARIS AIR SHOW, Le BOURGET, France, June 16, 2001 (PRIMEZONE) -- Northrop Grumman Corporation's (NYSE:NOC) Integrated Systems Sector (ISS) has received an 'X' designation for the company's Pegasus demonstration aircraft. Pegasus will carry the designation X-47A, and a refined Navy Unmanned Combat Air Vehicle (UCAV-N) expected to be designated the X-47B is planned to be built under the Defense Advanced Research Projects Agency's (DARPA)-Navy UCAV-N program.