From the Edtor of Ulitzer's "Fast Cars Magazine"

Levent Koralp

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Top Stories by Levent Koralp

A new term is creeping into our vocabulary, one that encompasses Americans' love for their vehicles and their desire to take advantage of every idle moment that occurs throughout the day. The term is telematics: the ability to provide wireless, built-in computer functionality inside vehicles. It was only a matter of time before automotive manufacturers, wireless service providers, and the computer industry realized the potential to marry wireless and Internet technologies and automobiles. After all, Americans spend 26 billion hours in their vehicles every year. Those hours translate into potential revenue for automobile manufacturers through value-added safety, security, maintenance, and entertainment services; for Internet companies through online purchases; and for wireless service providers through handsfree phone calling. But despite the potential of telematics,... (more)

Lockheed Martin Successfully Validates ATACMS Missile Long-Term Reliability

Lockheed Martin (NYSE: LMT) successfully fired a U.S. Army Tactical Missile System (ATACMS) missile in a recent stockpile verification test at Fort Bliss, TX. The missile was fired from a High Mobility Artillery Rocket System (HIMARS) launcher.  The test used an ATACMS Unitary variant missile to destroy a target approximately 175 kilometers away. The operation met all mission objectives, which included: Demonstrating of the missile/launcher interface and missile reliability; Collecting performance, technical and reliability data for assessment of production missiles; Validating... (more)

General Dynamics Awarded $10 Million for Submarine Base Support

The U.S. Navy has awarded General Dynamics Electric Boat a $10.25 million contract modification to continue operating the New England Maintenance Manpower Initiative (NEMMI) at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). Initially awarded in October 2006 , the five-year contract has a potential value of $201.8 million if all options are exercised and funded. Under the terms of the contract, Electric Boat will provide a wide-range of overhaul, repair and modernization services in support of nuclear submarines, floati... (more)

U.S. Navy Awards General Dynamics Contract Extension for Production of F/A-18 Gun Systems

The U.S. Navy has awarded General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), a $16 million contract extension for the production of M61A2 20mm automatic Gatling gun systems for use on F/A-18 fighter jets. The production work will be performed at General Dynamics' Saco, Maine, facility, with final deliveries scheduled in 2011. The program will be managed out of General Dynamics Armament and Technical Products' Burlington, Vt., facility. The initial $10 million contract was awarded to General Dynamics in 2005, followed by a $12.5 milli... (more)