LUZON NEWSBITS.
Korean foreman killed in another Hanjin accident SUBIC BAY FREEPORT -- A Korean national was killed last Sunday in still another accident at the Hanjin shipyard here. He was hit by a forklift while playing with a basketball during the midnight break at the shipbuilding facility of...

TOP Ships Announces Delivery of Its First Newbuilding Vessel.
ATHENS, Greece, Feb. 19 /PRNewswire-FirstCall/ -- TOP Ships Inc. announced today that it has taken delivery of the M/T "MISS MARILENA" from SPP Plant & Shipbuilding Co., Ltd of the Republic of Korea. The "MISS MARILENA" is the first of six 50,000 dwt product / chemical tankers...

'Closing Hanjin not a good idea'.
SUBIC BAY FREEPORT -- A top labor official said that to address the safety problem and job security of some 18,000 shipyard workers at the Hanjin shipbuilding facility in this premier Freeport, the government and other sectors should come up with a practical solution. Nathaniel Lacambra, director...

Ricoh Showcases Security-Enabled Multifunction Products Certified by the Marine Corps and Navy at the West 2009 Conference.
Ricoh Products and Solutions Will Be On Display at Booth #649 SAN DIEGO, Feb. 11 /PRNewswire/ -- Ricoh Americas Corporation, a leading provider of digital office equipment, is displaying its line of security-enabled multifunction products (MFP) at the Western Conference and Exposition (West 2009), the largest state-of-the-art...

Northrop Grumman to Record Fourth Quarter Non-Cash Goodwill Impairment Charge.
- Charge for Goodwill Impairment Primarily due to Decline in Market Multiples; Charge Does Not Impact Normal Business Operations - Will Report a Net Loss for the Fourth Quarter and 2008 - Expects EPS from Continuing Operations Before the Charge to Meet the Upper End...

General Dynamics Appoints Geiger to be President of Bath Iron Works.
FALLS CHURCH, Va., Feb. 12 /PRNewswire-FirstCall/ -- General Dynamics has announced that Jeffrey S. Geiger will succeed John F. Shipway as president of Bath Iron Works effective April 1, 2009. Geiger, who has been senior vice president of operations at Bath since March 2008, will report to David K....

Shipbuilder plans P12-B expansion.
Tsuneishi Heavy Industries, (Cebu) Inc. (THICI), one of the leading medium-sized shipbuilders in the world, is investing P12 billion to expand its existing Cebu operations to include the manufacture of all types of cargo vessels that would employ 3,000 workers. The project has been approved by the...

Northrop Grumman Announces Organization and Leadership Changes to Position for the Future.
Organization and leadership changes will strengthen customer alignment, drive performance and improve cost competitiveness - Integrated Systems and Space Technology sectors combined to form new Aerospace Systems sector, led by Gary W. Ervin - Information Technology and Mission Systems sectors combined to form new Information...

Trimble Strengthens Its 3D Scanning and Industrial Plant Solutions By Acquiring Callidus Precision Systems Assets.
SUNNYVALE, Calif., Jan. 9 /PRNewswire-FirstCall/ -- Trimble announced today that it has acquired the assets of privately-held Callidus Precision Systems GmbH of Halle, Germany. Callidus is a provider of 3D laser scanning solutions for the industrial market. Financial terms were not disclosed. Callidus' products enhance Trimble's 3D...

Northrop Grumman Board Declares Quarterly Dividend.
LOS ANGELES, Feb. 18 /PRNewswire-FirstCall/ -- The board of directors of Northrop Grumman Corporation today declared a quarterly dividend of $0.40 per share on Northrop Grumman common stock, payable March 14, 2009 to shareholders of record as of the close of business March 2, 2009. Northrop Grumman...