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Orbital Closes Sale Of Transportation Management Systems Business To ACS
Dulles, VA (SPX) Jun 09, 2008 Orbital Sciences has completed the sale of its non-core Transportation Management Systems (TMS) unit to Affiliated Computer Systems (ACS). As announced earlier this year, the sale price in the all-cash transaction was approximately $43 million. Mr. David W. Thompson, Orbital's Chairman and CEO said, "We would like to thank all the TMS employees whose efforts contributed to the success of the business. We believe the TMS group has a very bright future as part of the ACS team, which is strongly focused on providing innovative technology to the transportation industry." TMS is a leading integrator of software-based systems that combine satellite navigation and wireless communications to enable municipal transit and other fleet operators to better manage and dispatch public transit and highway service vehicles and commuter light rail systems. TMS offers its products and services to the global Intelligent Transportations Systems market, including its state-of-the-art Computer Aided Dispatch and Automatic Vehicle Location systems. TMS currently serves approximately 60 state, regional and local transit agency customers in the U.S. and abroad and has units installed or scheduled to be installed on over 27,500 vehicles in those markets. Related Links Orbital Sciences GPS Applications, Technology and Suppliers
AIAA Honors Lockheed Martin GPS IIR-M Team With 2008 Space Systems Award
Newtown PA (SPX) Jun 09, 2008The Greater Philadelphia Section of the American Institute of Aeronautics and Astronautics (AIAA) has selected a Lockheed Martin team as the winner of the 2008 Space Systems Award for the successful completion of the modernized Global Positioning System IIR (GPS IIR-M) production program. |
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