FLOW, Flow International Corp.
** On its fourth quarter fiscal 2012, FLOW posted consolidated revenues of $63.4 million, a 6% increase year over year, and net income of $2.6 million or $0.06 per share, compared to $0.4 million or $0.01 per share in the same period the prior year.
FLOW is the world's leading developer and manufacturer of industrial waterjet machines for cutting and cleaning applications used in multiple industries including automotive, aerospace, job shop, surface preparation, and more.
More about FLOW at www.flowwaterjet.com.
PRGS, Progress Software Corp.
** Red Hat, Inc. reported that it has signed a definitive agreement to acquire FuseSource from PRGS.
PRGS simplifies the development, deployment and management of business applications on-premise or on any Cloud, on any platform and on any device with minimal IT complexity and low total cost of ownership.
More about PRGS at www.progress.com
GY, GenCorp Inc.
** Aerojet, a GY company, reported that its rocket motors once again successfully contributed to the second consecutive intercept test of Raytheon's Standard Missile-3 (SM-3) Block IB. During the test, the missile intercepted and destroyed a ballistic missile target.
Aerojet's MK 72 booster and MK 104 dual-thrust rocket motor provided the first- and second-stage propulsion while Aerojet's Throttling Divert and Attitude Control System (TDACS) maneuvered the SM-3 Kinetic Warhead into the target for the final hit-to-kill impact.
The SM-3 Block IB missile incorporates kinetic warhead improvements to increase the SM-3 Block IB missile's capability against current and emerging target threat sets. Aerojet incorporated its throttling solid rocket technology advancements into the TDACS design to provide increased mission flexibility to the warfighter while maintaining the readiness and safety features of solid propellant.
The SM-3 Block IB is being developed as part of the Missile Defense Agency's (MDA) Aegis Ballistic Missile Defense System Phased Adaptive Approach. The missiles will be deployed on Aegis cruisers and destroyers, and also on land sites as part of the Aegis Ashore program to defend against short-to-intermediate range ballistic missile threats in the mid-course phase of flight. Raytheon is the prime contractor for the development of SM-3.
GY's Aerojet supports the next generation of sea- and land-based U.S. missile defense capabilities by providing reliable, low-risk propulsion technologies. In addition to the current production of MK 72 and MK 104 rocket motors and the SM-3 Block IB TDACS, the company is developing the TDACS for SM-3 Block IIA, the planned missile variant upgrade to the current SM-3 Block IA and IB.
GY's Aerojet is a world-recognized aerospace and defense leader principally serving the missile and space propulsion, defense and armaments markets.
GY is a leading technology-based manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the entitlement, sale, and leasing of the company's excess real estate assets.
More about GY at www.GenCorp.com.
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