Monday, January 15, 2007

Today's Minor News, Tomorrow's Submarine Undercurrents?

Monday, January 17th
British defense contractor BAE Systems PLC stated that the company and U.S. private equity firm Carlyle Group LP are mulling a joint bid for the Devonport dockyard in the City of Plymouth. Devonport, of course, maintains Britain's nuclear submarines. here A bid around GBP200 million is expected. Devonport is the largest dockyard in Western Europe and the Roral Navy's only nuclear repair and refuelling facility. Since the 1950s the workforce has declined from a peak of 40,000 to some 4,000 today. Devonport's origins were in the late 17th century. Today, it refits Trident nuclear submarines. I do not see any submarine application through my surveillance satellite, do you?

Also, today...
Fairfield, Conn.-based General Electric Co. reported plans to acquire a division United Kingdom-based Smiths Group Plc for $4.8 billion. here Smiths Aerospace, employs 11,000 people and generates $2 billion in annual revenue. It specializes in aircraft components and systems including Boeing 737, Airbus A320, and various military. Smiths' products include landing gear applications, power generation and flight control systems. General Electric also reports its plans to launch a joint venture between GE Security's Homeland Protection business and Smiths Detection, also part of Smiths Group. What does this have to do with submarines? Hmmm.

He holds a B.S. in Ocean Engineering from the United States Naval Academy, an M.S. in Nuclear Engineering from the Massachusetts Institute of Technology and an M.B.A. from the Harvard Business School. He served eight years as an officer in the United States Navy Submarine Force. Who is he? He's Craig Chambers, President & Chief Executive Officer of Cernium Corporation. A leader in intelligent video analytics, Cernium’s patented Perception Based Analytics™ technology that mimics the human vision process to analyze video 8-10 times more efficiently than comparable offerings. I do not see any submarine application through my periscope, do you?


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