Boeing Commences Tender Offer for All Shares of Argon ST

ST. LOUIS, July 8, 2010,  The Boeing Company is commencing today, through its wholly owned subsidiary, Vortex Merger Sub Inc., a cash tender offer to purchase all of the outstanding shares of common stock of Argon ST Inc. . 

Boeing announced on Wednesday, June 30 that it had entered into a merger agreement with Argon ST.

Upon successful completion of the tender offer, shareholders of Argon ST will receive $34.50 in cash for each share of Argon ST common stock validly tendered and not validly withdrawn, without interest and less any required withholding taxes.

The board of directors of Argon ST has unanimously determined that the offer and the other transactions contemplated by the merger agreement are fair to and in the best interests of Argon ST's stockholders, and has recommended that Argon ST's stockholders tender their shares in the offer.

The tender offer is scheduled to expire at 12:00 midnight, Eastern time, at the end of the day on Wednesday, Aug. 4, 2010, unless the tender offer is extended.

The consummation of the tender offer is conditioned upon the tender of a majority of the outstanding shares of Argon ST's common stock on a fully diluted basis, as well as receipt of antitrust clearance and other conditions that are specified in the offer documents. Following completion of the tender offer and, if required, receipt of stockholder approval, Boeing expects to consummate a merger in which remaining Argon ST stockholders will receive the same cash price per share as paid in the tender offer. There is no financing condition to the tender offer. Following the merger, Argon ST will become a wholly owned subsidiary of Boeing and a new division of Boeing Network and  Space Systems, a business within the Boeing Defense, Space and Security operating unit.

Boeing 747-400 Amazing Take Off

Amazing video of Boeing 747-400  take off.  It takes till the end of runaway to take off. It really amazing to see this magnificent aircraft fly.

Boeing Completes Modernised High Frequency Communications System for Australia

BRISBANE, Queensland, July 8, 2010: Boeing Defence Australia, a wholly owned subsidiary of The Boeing Company, has announced the completion of Joint Project 2043's High Frequency Modernisation Project.

The formal letter of completion for the project was delivered on behalf of the Commonwealth of Australia on June 16 from the HFMod Project Authority.

"This final milestone indicates all system requirements have been met and the Commonwealth is confident this Modernised High Frequency Communications System (MHFCS) is providing the Australian Defence Force with a secure, cost-effective, strategic high-frequency communications capability," said Steve Hudson, Boeing project manager, HFMod Project.

MHFCS is a managed long-range communications system that offers Australia the secure exchange of information between fixed and mobile stations using one integrated system.

"Boeing's HFMod team has developed, built and now delivered the most advanced high-frequency system in the world," said Charles Toups, vice president and general manager, Boeing Network & Tactical Systems. "This is an outstanding achievement and a true indication of Boeing's commitment to developing advanced technology solutions globally for our customers."

Boeing is currently marketing the MHFCS internationally and is discussing the system with several potential customers.

Boeing CEO McNerney Statement on Export Council Appointments

Boeing (NYSE: BA) Chairman, President and Chief Executive Officer Jim McNerney issued the following statement after today's announcement by the White House of appointments to the President's Export Council. President Obama named McNerney chairman, and Ursula Burns, chairman and CEO of Xerox, vice chairman of the council on March 11.

"President Obama has assembled an outstanding team to help reach the goal he has set for our nation to double U.S. exports over the next five years. It is an ambitious goal. However, with this team in place, I am confident we can develop a solid plan for the public policy decisions that will expand free and fair trade and strengthen the United States economically. I congratulate and welcome the new members named today and look forward to working with them in the months ahead."

6 New Boeing Super Hornets Join Royal Australian Air Force Fleet

Photo credit: Photo courtesy Royal Australian Air Force

Queensland, July 7, 2010  Six new Boeing F/A-18F Super Hornets arrived at Royal Australian Air Force (RAAF) Base Amberley on July 6, increasing the RAAF's fleet to 11 next generation, multi role air combat aircraft.

The RAAF's first five Super Hornets arrived in Australia on March 26.

Accoriding to Group Capt. Steve Roberton, Officer Commanding 82 Wing "With the arrival of these six new Super Hornets, we will continue to broaden our training as we prepare to achieve Initial Operational Capability later this year. Our aircrews and support teams continue to be very impressed with the Super Hornet's remarkable capabilities, performance and reliability."

Australia announced in March 2007 that it would acquire 24 of the advanced Block II versions of the Super Hornet, all of which are equipped with the Raytheon-built APG-79 Active Electronically Scanned Array (AESA) radar. Australia's 24th Super Hornet to be delivered in 2011. The first 11 were delivered ahead of schedule and on budget.

"The Super Hornet's proven technologies including its fully integrated AESA radar, advanced sensors, two-engine design and network centric data sharing environment are providing the RAAF with a broad spectrum of new capabilities," said Carolyn Nichols, Australian Super Hornet program manager for Boeing. "The RAAF Super Hornets enable the two crew members to conduct simultaneous air and ground operations with unprecedented situational awareness."

The Boeing Super Hornet is a multirole aircraft, able to perform virtually every mission in the tactical spectrum, including air superiority, day and night strike with precision-guided weapons, fighter escort, close air support, suppression of enemy air defenses, maritime strike, reconnaissance, forward air control and tanker missions.