News

New Laser system which can burn any objects from 1 mile..!!

Lockheed Martin Demonstrates ADAM Ground-Based Laser System Against Military-Grade Small Boats

Prototype Successful in Tests with Both Sea-based and Airborne Targets

SUNNYVALE, Calif., May 7, 2014 – In tests off the California coast, a Lockheed Martin [NYSE: LMT] prototype laser system successfully disabled two boats at a range of approximately 1.6 kilometers (approximately 1 mile). These were the first tests of the Area Defense Anti-Munitions (ADAM) system against maritime targets.

Lockheed Martin is developing the transportable, ground-based ADAM laser system to demonstrate a practical, affordable defense against short-range threats, including Qassam-like rockets, unmanned aerial systems and small boats.

In less than 30 seconds, the ground-based system’s high-energy laser burned through multiple compartments of the rubber hull of the military-grade small boats operating in the ocean. Lockheed Martin previously demonstrated the system’s capabilities in countering representative airborne targets in flight, including small-caliber rocket targets and an unmanned aerial system target. The system can precisely track moving targets at a range of more than 5 kilometers (3.1 miles), and its 10-kilowatt fiber laser can engage targets up to 2 kilometers (1.2 miles) away.

“Our laser weapon initiatives leverage commercial products and processes, focusing on affordability for the user,” said Dr. Ray O. Johnson, Lockheed Martin senior vice president and chief technology officer. “Lockheed Martin continues to invest in advancing fiber laser and beam control technologies, as these successful ADAM tests demonstrate.”

The ADAM design pairs commercial hardware components with Lockheed Martin’s laser beam control architecture and software to affordably provide the performance needed for close-in threats, along with a virtually unlimited “magazine” at a low cost per engagement.

http://www.youtube.com/watch?v=hQkDycFvVxI

“Our ADAM system tests have shown that high-energy lasers are ready to begin addressing critical defense needs,” said Tory Bruno, president of Strategic and Missile Defense Systems, Lockheed Martin Space Systems Company. “Putting revolutionary technologies to work in practical applications is a hallmark of innovation at Lockheed Martin.”

Lockheed Martin has pioneered the development and demonstration of high-energy laser capabilities for more than 30 years and has made advances in areas such as precision pointing and control, line-of-sight stabilization and adaptive optics and high-power fiber lasers.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs approximately 113,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation’s net sales for 2013 were $45.4 billion.

Source : Lockheed Martin

www.jetlinemarvel.net

Airlines

Alaska Airlines Acquisition of Hawaiian Airlines Reshapes the Air Travel Landscape

Alaska Air Group, Inc. (NYSE: ALK) and Hawaiian Holdings, Inc. (NASDAQ: HA) jointly announced today the execution of a definitive agreement, signifying Alaska Airlines’ acquisition of Hawaiian Airlines at a cash price of $18.00 per share. The total transaction value stands at approximately $1.9 billion, encompassing Hawaiian Airlines’ net debt of $0.9 billion.

The combination of complementary domestic, international, and cargo networks

This strategic union is poised to open up an array of additional destinations, providing consumers with increased choices in crucial air service options across the Pacific region, Continental United States, and globally.

The transaction is anticipated to establish a robust platform for growth and competition in the U.S., offering enduring employment opportunities, ongoing community investments, and a commitment to environmental stewardship.

Key Points:

Acquisition Overview:
- Alaska Air Group to acquire Hawaiian Holdings for $18.00 per share in an all-cash transaction, totaling approximately $1.9 billion.
- Combined company aims to maintain the strong, high-quality brands of Alaska Airlines and Hawaiian Airlines.
Fleet Expansion and Network Reach:
- Creates the fifth-largest U.S. airline with a fleet of 365 narrow and wide-body airplanes.
- Enables access to 138 destinations through combined networks and over 1,200 destinations via the oneworld Alliance.
Hub Development and Connectivity:
- Honolulu to become a key hub for the combined airline, offering expanded services to the Continental U.S., Asia, and the Pacific.
- Tripling the number of destinations from Hawai‘i to North America, while maintaining robust Neighbor Island service.
Commitment to Hawai‘i:
- Strong commitment to Hawai‘i, ensuring robust Neighbor Island air service.
- Aiming for a more competitive platform supporting growth, job opportunities, community investment, and environmental stewardship.
Employee and Union Commitment:
- Commitment to maintaining and growing the union-represented workforce in Hawai‘i.
- Immediate value creation with at least $235 million of expected run-rate synergies.
Investor Call and Timeline:
- Investor conference call scheduled for today at 5:00 p.m. ET / 2:00 p.m. PT / 12:00 p.m. HT.
- Anticipated closing of the transaction within 12-18 months.
Strategic and Financial Rationale:
- Complementary networks to enhance competition and provide greater choice for consumers.
- Preservation of both Alaska and Hawaiian Airlines’ brands on a single operating platform.
- Expected to deliver high single-digit earnings accretion for Alaska Airlines within the first two years.
Community and Sustainability Commitment:
- Focus on growth in union-represented jobs and strong operational presence in Hawai‘i.
- Commitment to environmental stewardship, aligning with Alaska Airlines’ five-part path to net zero by 2040.
Synergies and Accretion:
- Expected run-rate synergies of at least $235 million.
- Transaction multiple of 0.7 times revenue, approximately one third the average of recent airline transactions.
Conditions to Close:

Approval by regulatory authorities and Hawaiian Holdings, Inc. shareholders.
Expected to close in 12-18 months, with the combined organization based in Seattle under the leadership of Alaska Airlines CEO Ben Minicucci.