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www.PicksThatMove.com: "Picks that move" Alerts, November 16, 2009: LMT, ES, ICO, CSC, GNK and VMW
(M2 PressWIRE Via Acquire Media NewsEdge) Picksthatmove.com Alerts include Lockheed Martin Corporation (NYSE: LMT); EnergySolutions, Inc. (NYSE: ES); International Coal Group, Inc. (NYSE: ICO); CSC (NYSE: CSC); Genco Shipping & Trading Limited (NYSE: GNK) and VMware, Inc. (NYSE: VMW)
-- November 16, 2009 Lockheed Martin Corporation (NYSE: LMT) at $77.07 on a volume of 1.57M shares
In a press release on November 16, Lockheed Martin Announces Leadership Appointments and Organizational Realignment
BETHESDA, Md., Nov 16, 2009 Lockheed Martin Corporation (NYSE: LMT) today announced four leadership appointments and a realignment within its Electronic Systems business area. The actions are effective in early 2010.
About Lockheed Martin
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
-- November 16, 2009 EnergySolutions, Inc. (NYSE: ES) trading at $9.04 on a volume of 301,180 shares
In a press release on November 16, EnergySolutions Awarded Large Component Contract From Exelon Nuclear
SALT LAKE CITY, UT, Nov 16, 2009 EnergySolutions, Inc. (NYSE: ES) announced today it has signed a $24.3 million contract with Exelon Nuclear to remove and dispose of obsolete materials and equipment from several of the utilities' power plants.
About EnergySolutions, Inc.
EnergySolutions, Inc. (EnergySolutions) is a provider of specialized, technology-based nuclear services to government and commercial customers. The Company's range of nuclear services includes engineering, in-plant support services, spent nuclear fuel management, decontamination and decommissioning (D&D), operation of nuclear reactors, logistics, transportation, processing and disposal. It also owns and operates strategic facilities that complement its services and enable it to provide a single-source solution to its customers. EnergySolutions provides its services through four segments: Federal Services; Commercial Services; Logistics, Processing and Disposal (LP&D) and International. It derives almost 100% of its revenues from the provision of nuclear services. Its government customers include the United States Department of Energy (DOE), United States Department of Defense (DOD) and United Kingdom Nuclear Decommissioning Authority (NDA).
-- November 16, 2009 International Coal Group, Inc. (NYSE: ICO) trading at $4.66 on a volume of 762,912 shares.
In a press release out on November 16, Settlement Reached in ICG Hazard Section 404 Permit Case
SCOTT DEPOT, W.Va., Nov 16, 2009 International Coal Group, Inc. (NYSE: ICO) today announced that it has reached a settlement with the Kentucky Waterways Alliance and The Sierra Club in connection with a lawsuit over the Clean Water Act Section 404 permit that was granted by the Army Corps of Engineers in 2008 to ICG Hazard's Thunder Ridge surface mine in Leslie County, Kentucky.
About International Coal Group
International Coal Group is a leading producer of coal in Northern and Central Appalachia and the Illinois Basin. The Company has 13 active mining complexes, of which 12 are located in Northern and Central Appalachia, and one in Central Illinois. ICG's mining operations and reserves are strategically located to serve utility, metallurgical and industrial customers domestically and internationally.
-- November 16, 2009 CSC (NYSE: CSC) last at $54.98 a volume of 356,428 shares
In a press release out on November 16, CSC Wins $169 Million Navy Task Order to Support Littoral Combat Ship Acquisition Program
FALLS CHURCH, Va., Nov 16, 2009 CSC (NYSE: CSC) announced today that the U.S. Navy has awarded the company a task order to support the Littoral Combat Ship (LCS) Program Office, PMS 501. The task order, which has a one-year base period and four one-year options, has an estimated total five-year value of $169 million. The task order was awarded under the SeaPort Enhanced indefinite-delivery/indefinite-quantity contract, which was originally awarded to CSC in April 2004.
About CSC
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions and Services, the Managed Services Sector and the North American Public Sector. CSC's advanced capabilities include systems design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 92,000 employees and reported revenue of $16.2 billion for the 12 months ended July 3, 2009. For more information, visit the company's Web site at www.csc.com.
-- November 16, 2009 Genco Shipping & Trading Limited (NYSE: GNK) last at $27.07 on a volume of 2.65M shares
In a press release out on November 16, Genco Shipping & Trading Limited Announces Plan to Sign Time Charters for Capesize Newbuilding and Panamax Vessel
Expands Time Charter Coverage to 79% for 2009 and 50% for 2010
NEW YORK, Nov 16, 2009 Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has reached an agreement to enter into a time charter for the Genco Claudius, a Capesize newbuilding, with Cargill International S.A. for 10.5 to 13.5 months at a rate of $36,000 per day, less a 5% third-party brokerage commission. The time charter for the Genco Claudius will commence upon delivery of the vessel, which is expected during December 2009, and is subject to the completion of definitive documentation. The Company also announced it has reached an agreement to extend the time charter for the Genco Leader, a 1999-built Panamax vessel, with Baumarine AS for 10.5 to 13.5 months at a rate of $20,000 per day, less a 5% third party brokerage commission. The time charter is expected to commence following the expiration of the vessel's current time charter and is subject to the completion of definitive documentation.
About Genco Shipping & Trading Limited
Genco Shipping & Trading Limited transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. Genco Shipping & Trading Limited currently owns a fleet of 34 drybulk vessels consisting of eight Capesize, eight Panamax, four Supramax, six Handymax and eight Handysize vessels, with an aggregate carrying capacity of approximately 2,734,000 dwt. After the expected delivery of one additional vessel the Company has agreed to acquire, Genco Shipping & Trading Limited will own a fleet of 35 drybulk vessels, consisting of nine Capesize, eight Panamax, four Supramax, six Handymax and eight Handysize vessels, with an aggregate carrying capacity of approximately 2,905,000 dwt.
-- November 16, 2009 VMware, Inc. (NYSE: VMW) trading at $42.33 on a volume of 1.25M shares
In a press release out on November 16, VMware Expands Industry-Leading VMware Ready(TM) Program to Include Application Software
Middleware and Application ISVs Can Now Use the VMware Ready(TM) Logo to Drive New Sales by Assuring Customers That Their Applications Are Optimized for VMware vSphere(TM)
PALO ALTO, CA, Nov 16, 2009 VMware, Inc. (NYSE: VMW), the global leader in virtualization solutions from the desktop through the datacenter and to the cloud, today announced an important enhancement to its VMware Ready(TM) program, expanding the program to allow middleware and application software to qualify for the VMware Ready logo. The logo simplifies the purchase and deployment process for customers and prospects by signifying that qualified applications deliver outstanding performance and reliability when deployed on VMware vSphere(TM) -- the industry's leading virtualization platform.
About VMware
VMware delivers solutions for business infrastructure virtualization that enable IT organizations to energize businesses of all sizes. With the industry leading virtualization platform -- VMware vSphere(TM) -- customers rely on VMware to reduce capital and operating expenses, improve agility, ensure business continuity, strengthen security and go green. With 2008 revenues of $1.9 billion, more than 150,000 customers and 22,000 partners, VMware is the leader in virtualization which consistently ranks as a top priority among CIOs. VMware is headquartered in Silicon Valley with offices throughout the world and can be found online at www.vmware.com.
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