Raytheon BBN Technologies Receives More Defense Funding to Advance Rapid Foreign Language Processing

Posted on: Fri, 25 Jun 2010 01:04:36 EDT

Symbols: RTN

Jun 25, 2010 (Close-Up Media via COMTEX) --

Raytheon Company's BBN Technologies has been awarded an additional $17 million in funding by the Defense Advanced Research Projects Agency (DARPA) in the final year of the five-year Global Autonomous Language Exploitation (GALE) program.

The Company said the goal of GALE is to develop and apply software technologies to transcribe, translate, and distill large volumes of speech and text in multiple languages - all with more than 90 percent accuracy by the end of the program. This capability will help U.S. analysts recognize critical information in foreign languages.

During the first four years of the GALE program, BBN met or exceeded almost all the accuracy goals for automatic translation of Arabic news-related text and broadcast news into English, the Company noted. Under this latest contract award, BBN will continue to improve translation of speech and text from Arabic and Chinese news sources.

Tad Elmer, president, Raytheon BBN Technologies, said: "DARPA's GALE program is already responsible for many great advances in machine translation, and BBN has deployed systems for monitoring live broadcasts in foreign languages in more than two dozen locations. This new funding will allow us to achieve an even higher level of machine translation accuracy."

The Raytheon BBN Technologies GALE team includes BBN speech and language scientists as well as researchers from a dozen institutions in the U.S. and abroad. Under the contract, Raytheon BBN Technologies will further refine a translation system developed under previous awards in this program.

The Raytheon BBN Technologies team's approach combines the output transcriptions and translations from multiple systems to obtain a translation that is better than any of the component system translations. The team is using automatic adaptation and contextually aware processing at all system levels to optimize performance across different languages, dialects, topics, speakers, and semantic nuance to deliver the relevant information.

Raytheon BBN Technologies is a subsidiary of Raytheon Company.

Raytheon Company is a technology provider specializing in defense, homeland security and other government markets throughout the world.

((Comments on this story may be sent to newsdesk@closeupmedia.com))

For full details on Raytheon Co (RTN) RTN. Raytheon Co (RTN) has Short Term PowerRatings at TradingMarkets. Details on Raytheon Co (RTN) Short Term PowerRatings is available at This Link.

How to Successfully Trade ETFs

Do you want to learn how to trade more successfully, more consistently... and with more confidence?

If so, then the TPS strategy is for you.

Hundreds, if not now thousands, of ETF traders successfully use the TPS trading strategy to find the best ETF trade set-ups each day to place winning trades.

What stocks and ETFs are headed up and down this week?.

The TradingMarkets Weekly Newsletter covers this in depth and gives performance information on the previous week.

UPCOMING EVENTS

Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.

Thursday September 16 12:30 PM

Hear What Kevin Haggerty Sees in the Stock Market Today!

Wednesday September 8 01:30 PM

Building High Performing Portfolios with The Machine

Tuesday September 7 04:30 PM

TradingMarkets' Swing Trading College Fall 2010 Presentation

* Attendance is strictly limited and are filled on a first-come, first-served basis.

1.	10 Steps to Successful Day Trading, Part 1
2.	How to Gain Confidence, Commitment, Courage, and Control
3.	Aim for Excellence, Not Perfection in Trading
4.	4 Ways to Think Like a Winning Trader
5.	2 Indicators to Help You Find Market Bottoms
6.	5 Principles of Leadership and Trading
7.	My Favorite Exit
8.	A Basic Rule for Limiting Risk
9.	3 Secrets of All Successful Day Traders
10.	7 Keys to Making Money Consistently

Name	Symbol	PR
Vocaltec Communications	CALL	10
Direxion Large Cap Bear 3x Shares	BGZ	9
Direxion Developed Markets Bear 3X Shares	DPK	9
ProShares UltraShort MSCI EAFE	EFU	9
iShares JPMorgan USD Emerging Markets Bond Fund	EMB	9
ProShares UltraShort MSCI Europe	EPV	9
ProShares Trust II: UltraShort Euro	EUO	9
Direxion Financial Bear 3x Shares	FAZ	9
ProShares UltraShort MSCI Pacific ex-Japan	JPX	9
Petro Resources Corporation	MHR	9

About TradingMarkets Advertise Contact Careers Link to Us Help Terms & Conditions Privacy Policy Return Policy Testimonials Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.