Gen Electric (NYSE:GE)
Historical Stock Chart
5 Years : From Sep 2011 to Sep 2016
GE (NYSE: GE) today announced that it had secured an order for £3.25
million (~$5 million) from General Dynamics UK for subsystems required
for the Demonstration Phase for the Scout Specialist Vehicle family of
platforms for the British Army for which General Dynamics UK is
currently on contract.
The Scout SV family of platforms will deliver a step change in
ground-based ISTAR capability. It is a purpose designed ground-based
intelligence platform with an array of high performance sensors, coupled
with the latest (20 Gbits/second) Gigabit Ethernet intelligent open
architecture. This will enable it to capture, analyze, manipulate and
store over 6 TeraBytes of intelligence data, including a vast array of
still and moving images, and to share this intelligence in real-, or
very near real, time, depending on requirement. Thanks to this
capability, Scout SV’s crew will be able to provide commanders with
better decision-making support material than that currently available
only from airborne ISTAR platforms or UAVs. Data will be readily passed
to other secure C4I systems, including those of US and other NATO allies.
The GE subsystems comprise rugged processors derived from GE’s MAGIC1
Single Board Computer and rugged Ethernet switches derived from GE’s GBX460.
They will provide information processing capability for Scout SV, manage
on-vehicle networks, control data storage and drive the vehicle’s
displays. GE has provided COTS-equivalent solutions to enable General
Dynamics UK to begin software development immediately.
“This order from General Dynamics UK is a testimony to the strength of
our commitment to, and operation in, the UK,” said Al DiLibero,
President, Military & Aerospace Embedded Computing, GE Intelligent
Platforms. “Our local presence meant that we were ideally placed to
provide appropriate responsiveness to General Dynamics UK’s
requirements, enabling us to design and propose an advanced, high
performance solution that met all of General Dynamics UK’s criteria.”
The order was won after a rigorous audit by General Dynamics UK of GE
Intelligent Platforms’ business processes, procedures and practices
including product quality assurance, manufacturing management and supply
chain management. GE’s financial strength, its substantial presence in
the UK, and its experience in long term support of multi-year program
deployments, together with GE’s ability to provide the best technical
solution that responded precisely to General Dynamics UK’s requirements,
were also factors in General Dynamics UK’s decision.
GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in
energy, health and home, transportation and finance. Building, powering,
moving and curing the world. Not just imagining. Doing. GE works. For
more information, visit the company's website at www.ge.com.
A high resolution image to illustrate this release can be found at: www.genewscenter.com/imagelibrary/detail.asp?MediaDetailsID=3566
All trademarks are the property of their respective owners.