Long Night for RNLI Baltimore Lifeboat crew

Date: 31 July 2010
Author:Sheelagh Broderick, Baltimore Lifeboat Press Officer

Baltimore RNLI all-weather lifeboat Hilda Jarrett was launched at 01:01 this morning. She was responding to an alert from the Coastguard concerning a report of a yacht disabled and adrift south-east of Galley Head near Clonakility. The 35ft performance cruiser had been on passage from Crosshaven to Schull when her rudder failed, possibly due to striking a floating object. The Hilda Jarrett arrived on-scene at 03:00 hours. Under the direction of Kieran Cotter, a tow was quickly established. Due to the disabled steering on the yacht the towing speed was no more than 5-6 knots. After 22 miles and 4 and half hours the two vessels finally reached the safety of Baltimore Harbour at 07:30. The stricken yacht was safely secured to the Baltimore lifeboats afloat mooring, and the Hilda Jarret was rehoused by her weary crew of Sean McCarthy, Micheal Cotrell, Diarmuid Collins, Jerry Smith, Brian McSweeney.

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Nordic American Tanker Shipping Limited (NYSE:NAT) Provides Update on Delayed Delivery of Suezmax Newbuilding. Fleet Expansion Program Continues.

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Hamilton, Bermuda, July 30, 2010.

Nordic American Tanker Shipping Limited (NYSE:NAT), today announced that the delivery of its newbuilding suezmax – the first of two scheduled for this year – continues to be delayed. The Company has mentioned this in previous quarterly reports and has advised the seller, a company in the Fred Olsen group, that we will not take delivery of the vessel until it is completed in accordance with the contract.

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Lockheed Martin Manufactures and Delivers 1,000th Decoy Payload for Ship Self-Defense System

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MARION, Mass., July 30, 2010 /PRNewswire via COMTEX/ — Lockheed Martin (NYSE: LMT) has manufactured and delivered the 1,000th payload for the Nulka decoy program, a joint effort between the U.S. and Royal Australian navies that uses a hovering decoy to lead an incoming missile away from a ship.

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Lockheed Martin Commends Bi-Partisan Support for NASA FY 2011 Budget

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DENVER, July 30, 2010 /PRNewswire via COMTEX/ — Lockheed Martin (NYSE: LMT) today applauded the recent actions taken by House and Senate NASA oversight committees as Congress moves forward on a bi-partisan spending plan for NASA. This important legislation provides an achievable path forward for a robust human space flight program that continues the Orion crew exploration vehicle to help achieve that goal and includes funding for advancements in technology that will ensure U.S. leadership in space.

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ICO Global Communications Issues Statement Regarding UK Judicial Review Decision

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Bellevue, Wa. and Reston, Va., (Business Wire) July 30, 2010- ICO Global Communications (Holdings) Limited (NASDAQ: ICOG) (“ICO” or the “Company”) announced today that it received an unfavorable ruling in the judicial review proceedings that it initiated against Ofcom, the British telecommunications regulatory authority. The Company initiated the judicial review proceeding in 2009 after Ofcom announced its intent to request that the International Telecommunications Union (ITU) remove ICO’s global medium earth orbit (MEO) satellite system from the Master International Frequency Register (MIFR). Today’s unfavorable ruling, if not reconsidered by the judge who issued ruling permits Ofcom to move forward with the request. Ofcom’s request is not binding on the ITU, but could increase the likelihood that the ITU will initiate proceedings to cancel ICO’s MIFR assignments.

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Harris Corporation Completes Acquisition of CapRock Communications

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MELBOURNE, Fla. and HOUSTON, July 30– Harris Corporation (NYSE: HRS), an international communications and information technology company, has completed its previously announced acquisition of CapRock Communications. Privately held CapRock was purchased for $525 million in cash, subject to post-closing adjustments. Private equity firm ABRY Partners was the majority owner of CapRock.

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New Era In Personnel Recovery Begins

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MARIETTA, Ga., July 30th, 2010 — The new Lockheed Martin [NYSE: LMT] HC-130J personnel recovery aircraft took to the air for the first time ever July 29 at the company’s facility in Marietta, Ga. Due for delivery to the U.S. Air Force’s Air Combat Command in September 2010, the HC-130J is scheduled to reach initial operational capability in 2012. An Air Force Special Operations Command MC-130J variant of this aircraft will fly in early 2011.

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