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--- Alcoa (NYSE:AA) opened Wednesday at $10.32 per share on trading volume of 12,000,000 shares.
In a press release out on Jun 24, 2009 -- Alcoa Russia's Samara Plant today commissioned a new state-of-the-art coating line for production of high-quality coated sheet used in the packaging market for aluminum soft drink and beer cans as well as serving the building and construction markets. The new coating line is the only one of its kind in Russia and raises Alcoa to the worldwide leadership position in all aspects of can material production capability.
About Alcoa
Alcoa (NYSE:AA) is the world's leader in the production and management of primary aluminum, fabricated aluminum, and alumina combined through its active and growing participation in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation, and industrial markets bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components including flat-rolled products, hard alloy extrusions, and forgings, Alcoa also markets Alcoa(R) wheels, fastening systems, precision and investment castings, and building systems. The company has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland, and has been a member of the Dow Jones Sustainability Index for seven consecutive years. More information can be found at www.alcoa.com
--- General Dynamics Corporation (NYSE:GD) opened Wednesday at $56.17 per share on trading volume of 370,030 shares.
In a press release out on June 24, 2009 -- General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), has been awarded a contract by the U.S. Navy's Naval Inventory Control Point for the refurbishment of radomes for the EA-6B fighter jet. The initial award value is $2 million with a total potential value of $10 million over five years if all options are exercised.
About General Dynamics Corporation
General Dynamics Armament and Technical Products' site in Marion produces a wide variety of products to support commercial and military aerospace applications. Work at the site includes the design, development and manufacturing of aircraft radomes, advanced aircraft composite structures and mobile shelter systems. Products include: aircraft radomes, missile and ground-based platforms, control surfaces, fairings, engine components, landing gear, weapons bay doors, primary helicopter structures, and lightweight composite vehicle-mounted shelter systems. The site spans three state-of-the-art facilities which house approximately one million square feet of manufacturing space. More information is available online at www.gdatp.com.
General Dynamics, headquartered in Falls Church, Va., employs approximately 92,900 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about General Dynamics is available online at www.generaldynamics.com.
--- China Security & Surveillance Technology, Inc. NYSE: CSR; Nasdaq Dubai: CSR | Quote | Chart | News | PowerRating) opened Wednesday at $7.04 per share on trading volume of 154,288 shares.
In a press release out on June 24, 2009 -- China Security & Surveillance Technology, Inc. ("China Security" or "CSST" or the "Company") (NYSE: CSR; Nasdaq Dubai: CSR), a leading provider of digital surveillance technology in the PRC, today announced it has signed a letter of intent to purchase 100% ownership in Santachi Video Technology Co., Ltd ("Santachi"), a leading security solutions provider for highways and railways in China for RMB150 million (approximately US$21.9 million based on an exchange rate of USD 1.00 to RMB 6.84). Completion of the transaction is subject to negotiation of a definitive equity transfer agreement that will be subject to a number of closing conditions, including regulatory approval.
About China Security & Surveillance Technology, Inc.
Based in Shenzhen, China, China Security manufactures, distributes, installs and services security and surveillance products and systems as well as develops security and surveillance related software in China. Its customers are mainly comprised of commercial and government entities and non-profit organizations. China Security has built a diversified customer base through its extensive sales and service network that includes over 150 branch offices and distribution points throughout China. To learn more about the Company visit http://www.csst.com .
--- CommScope, Inc. (NYSE: CTV | Quote | Chart | News | PowerRating) opened Wednesday at $24.17 per share on trading volume of 781,323 shares.
In a press release out on Jun 24, 2009 -- Adding to its resume of customer awards for superior quality and service, Andrew Solutions, the CommScope, Inc. division that is a global leader in wireless communication systems and products, has won ZTE Corporation's "Best Partner" and "Quality Excellency" awards.
About CommScope
CommScope, Inc. (NYSE: CTV)(www.commscope.com) is a world leader in infrastructure solutions for communication networks. Through its Andrew(R) brand, it is a global leader in radio frequency subsystem solutions for wireless networks. Through its SYSTIMAX(R) and Uniprise(R) brands, CommScope is a world leader in network infrastructure solutions, delivering a complete end-to-end physical layer solution, including cables and connectivity, enclosures, intelligent software and network design services, for business enterprise applications. CommScope also is the premier manufacturer of coaxial cable for broadband cable television networks and one of the leading North American providers of environmentally secure cabinets for DSL and FTTN applications. Backed by strong research and development, CommScope combines technical expertise and proprietary technology with global manufacturing capability to provide customers with infrastructure solutions for evolving global communications networks in more than 130 countries around the world.
--- The Bank of New York Mellon (NYSE: BK | Quote | Chart | News | PowerRating) opened Wednesday at $28.66 per share on trading volume of 2,150,000 shares.
In a press release out on June 24, 2009 -- The Bank of New York Mellon (NYSE: BK), the global leader in asset management and securities servicing, has been appointed trustee for the Illinois State Toll Highway Authority's $500 million Build America Bond issue. Build America Bonds provide state and local governmental entities with federal-subsidized funding at lower borrowing costs.
About The Bank of New York Mellon
The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $19.5 trillion in assets under custody and administration, $881 billion in assets under management, and processes global payments averaging $1.8 trillion per day. Additional information is available at www.bnymellon.com.
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