MIRA
INFORM REPORT
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Report Date : |
17.12.2011 |
IDENTIFICATION DETAILS
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Name : |
SELEX SYSTEMS INTEGRATION INC |
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Registered Office : |
11300 W 89th St Overland Park, KS 66214-1702 |
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Country : |
United States |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture of instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment |
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No. of Employees : |
105 |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
$10,000 (USD) |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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United States |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
Selex Systems Integration Inc
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Business
Description
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SELEX Systems Integration Inc. is a fully owned subsidiary of SELEX
Sistemi Integrati S.p.A of Italy. Located in Shawnee Mission, Kan., it is an
ISO 9001 certified company. The company designs and manufactures ground-based
radio navigation/landing aids, including Category I through II /III
instrument landing system, Doppler and conventional VHF omni-directional
range systems, and high/low power distance measuring equipment. SELEX Systems
Integration Inc. operates sales, service as well as support facilities in 30
locations worldwide. |
Industry
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Industry |
Aerospace and Defense |
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ANZSIC 2006: |
2419 - Other Professional and Scientific
Equipment Manufacturing |
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NACE 2002: |
3320 - Manufacture of instruments and appliances
for measuring, checking, testing, navigating and other purposes, except
industrial process control equipment |
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NAICS 2002: |
334511 - Search, Detection, Navigation,
Guidance, Aeronautical, and Nautical System and Instrument Manufacturing |
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UK SIC 2003: |
3320 - Manufacture of instruments and
appliances for measuring, checking, testing, navigating and other purposes,
except industrial process control equipment |
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US SIC 1987: |
3812 - Search, Detection, Navigation,
Guidance, Aeronautical, and Nautical Systems and Instruments |
Key Executives (Emails Available)
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News
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1 - Profit & Loss
Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate Overview
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Executives Report
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Presolicitation
Notice - 99-- MARKET SURVEY FOR SELEX SYSTEM INTEGRATION, INC. ILS/DME
EQUIPMENT TRAINING
99 - Miscellaneous
FedBizOpps: 14 December 2011
[What follows is the full text of the news story.]
Notice Type:
Presolicitation Notice
Posted Date:
13-DEC-11
Office Address:
Department of Transportation; Federal Aviation Administration (FAA);
Headquarters; FEDERAL AVIATION ADMINISTRATION, FAA/AJA-47 HQ - FAA (Washington,
DC)
Subject: 99--
MARKET SURVEY FOR SELEX SYSTEM INTEGRATION, INC. ILS/DME EQUIPMENT TRAINING
Classification
Code: 99 - Miscellaneous
Solicitation
Number: 11355
Contact: Wanda
Pore, 202-385-4258 mailto:wanda.pore@faa.gov
Description: Department
of Transportation
Federal Aviation
Administration (FAA)
Headquarters
MARKET SURVEY
ANNOUNCEMENTPROJECT TITLE: MARKET SURVEY FOR SELEX SYSTEM INTEGRATION, INC.
ILS/DME EQUIPMENT TRAINING1. Background
The FAA is charged
with maintaining the safest, most efficient airspace system in the world. The
National Airspace System (NAS) consists of a complex collection of systems,
procedures, facilities, aircraft, and people. The NAS and the technologies it
uses are constantly evolving. With increasing demand for flights in limited
airspace, the FAA is constantly working to balance demand and capacity by
minimizing delays and congestion while maximizing volume. The Air Traffic
Organization represents the Terminal, En Route, System Operations, and
Technical Operations workforces that ensure safety and efficiency within the
NAS. The Technical Operations workforce includes those charged with
installation, testing, troubleshooting, repair, monitoring, and certification
of systems and equipment used to maintain the NAS. As Technical Operations
hires new employees to ensure its facilities are safely staffed for the air
traffic of tomorrow, the Office of Technical Operations Training Administration
serves as a bridge to the future by providing technical training programs that
meet requirements set by the operational service units.
2.
Introduction/Purpose
The Federal
Aviation Administration (FAA) needs to maintain its resource base of
technicians educated to maintain and repair existing Instrument Landing System
(ILS)/Distance Measuring Equipment (DME) provided by Selex System Integration,
Inc.
The Federal
Aviation Administration (FAA) has ILS/DME equipment, purchased by Selex Systems
Integration, Inc., in multiple sites throughout the United States. Technicians
trained to repair and maintain this equipment are critical to preserve a
healthy building environment sufficient for housing personnel. The goal is to
train FAA technicians on the Selex Systems Integration, Inc. ILS/DME equipment;
to provide an introduction to the equipment by explaining the composition,
function and components; and to provide instruction on equipment processes,
repair and maintenance.
The FAA has a
suitable vendor to provide delivery of training to our technicians on this
proprietary equipment for the following courses.
A. 48180 -
Instrument Landing System (ILS) ASII. This course provides training for
technicians on the airport systems international, incorporated 1100 series ILS.
Lectures include the 1100 localizer, 1110 glideslope, and 1130 marker beacon.
Laboratory sessions to cover fault diagnosis, performance analysis, test
procedures, use of test equipment, and routing checks and adjustments.
B. 48318 - DME
Factory. This equipment-specific course provides training for technicians who
maintain the ASII Model 1119 high power Distance Measuring Equipment (DME). The
course provides instruction to operate, adjust, and align the DME equipment
according to manufacturer's specifications. The Technician will be capable of
troubleshooting the DME with Remote Maintenance Monitoring (RMM) to the module,
subassembly or Line Replacement Unit (LRU).
C. 48357 -
Instrument Landing Systems (ILS). This course provides training for technicians
of the ASII 2100 Model ILS. Lecture includes system functional block diagram,
terminal equipment, rear panel, display ASSY 1A1, battery charger power supply,
synthesizer ASSY, power amplifier ASSY localizer and glideslope, monitor CCA,
RMS microprocessor CAA, transfer/recombiner drawer ASSY, CE APCE drawer ASSY,
and remote maintenance monitor. Lab sessions to cover performance analysis,
test procedures, use of test equipment, and routing checks and adjustments.
Students must have knowledge in digital circuit theory microprocessor or
microcontroller functional operation theory, and practical ILS flight check.
The courses
referenced above are required by FAA Technicians to support fielded equipment.
Student's participation in this course should learn the theory of operations
through maintenance and, troubleshooting of equipment to the depth necessary to
identify and isolate malfunction, identify system malfunctions in an operation
system and perform those adjustments necessary to restore the system to
operation with prescribed standards and tolerances to perform periodic
maintenance activities specified.
Selex Systems
Integration, Inc. currently provides all training for their ILS/DME equipment.
The Selex Systems Integration, Inc. courseware is proprietary; the FAA does not
have data rights to the courseware; the FAA will not provide courseware to
vendors.
The FAA requires
that the provider conduct the classes on a daily one-shift basis, 8 hours per
day, 5 days per week, Monday through Friday. Training will be continuous during
these days except for federally established holidays. 3. Incumbent Contractor
The previous
contract for this training was with Selex Systems Integration, Inc.
DTFAWA-11-C-00025.
4. Market Survey
The agency may
consider either a full and open competition or award to a single source,
depending on responses to the market survey.
5. Market Research
Standard
(a) This is not a
Screening Information Request;(b) The FAA is not seeking or accepting
unsolicited proposals;(c) The FAA will not pay for any information received or costs
incurred in preparing the response to the market survey; and(d) Any costs
associated with the market survey submittal and any demonstration that may
result from the market survey is solely at the interested vendor's expense.
6. North American
Industry Classification System (NAICS) Code Not Applicable. No size or dollar
limit. In some instances the following NAIC codes apply: 611210, 611519,
611310.
7. Submittal
Requirements for Market Survey
(a) Capability
Statement - This document is limited to not more than ten (10) pages and must
identify: (i) the course option selection outlined in this market survey, (ii)
the cost and availability for delivery of selected course options (iii) If
choosing equipment course option, the description of type(s) of system(iv)
number of years in business, and (v) geographical areas where your company can
provide services.
(b) Business
Declaration Form (attached) - Interested vendors shall complete the attached
Business Declaration Form and submit it with their capability statement and (i)
a narrative on compliance approach and (ii) a quality control approach to
provide the required items using in-house, teaming, subcontracting, etc.
8. Delivery of
Submittals
Please provide
your submittal, by email. All submissions must be received by the close of
business (COB Monday) 19 December 2011. Electronic copies shall be sent to
Wanda Pore: wanda.pore@faa.gov on a standard 8.5X11 paper format and carbon
copy (cc) Kerry Skofteland: kerry.skofteland@faa.gov. If you have questions you
may contact Wanda Pore: at the email address wanda.pore@faa.gov.
Link/URL:
https://www.fbo.gov/spg/DOT/FAA/HQ/11355/listing.html
CONTRACT AWARD -
59-- Electrical and Electronic Equipment Components
59 - Electrical and electronic equipment components
FedBizOpps: 12 December 2011
[What follows is the full text of the news story.]
Notice Type:
CONTRACT AWARD
Posted Date:
09-DEC-11
Office: Air Force
Materiel Command
Location: TINKER
OC-ALC - (CENTRAL CONTRACTING)
Office Address:
DEPARTMENT OF THE AIR FORCE, AIR FORCE MATERIEL COMMAND, TINKER OC-ALC -
(CENTRAL CONTRACTING), DEFENSE LOGISTICS AGENCY, DLR PROCUREMENT OPS DSCR-ZBA,
3001STAFF DRIVE, TINKER AFB, OK 73145-3070
Classification
Code: 59 - Electrical and electronic equipment components
Subject: 59-- Electrical
and Electronic Equipment Components
Solicitation
Number: SPRTA1-12-Q-0018
Award Number:
SPRTA1-12-M-0046
Award Date: 120911
Awardee: SELEX
SYSTEMS INTEGRATION INC, SELEX11300 W. 89THSTREET, OVERLAND PARK, KS 66214-1702
Archive: 12311969
Contact: YOMARA
LOURIDO, PHONE 405-739-9080, FAX 405-739-4237,
MAILYOMARA.LOURIDO@TINKER.AF.MIL
Internet Link:
https://www.fbo.gov/spg/USAF/AFMC/OCALCCC/SPRTA1-12-Q-0018/listing.html
SELEX receives
contract to deliver Primary Radar System to Bristol Airport
Datamonitor TechnologyWire: 27 October 2011
[What follows is the full text of the news story.]
SELEX Systems
Integration, the UK subsidiary of Finmeccanica company, SELEX Sistemi
Integrati, has announced the award of a contract with Bristol Airport to deliver
a new Primary Radar System or PSR.
The award by
Bristol Airport confirms the SELEX ATCR 33 radar as the radar of choice for
many of the UK's airports with the system already successfully operating at
Newquay, Bournemouth and Belfast City Airports, the company said.
Speaking at the
contract signing, SELEX Systems Integration CEO, Michael Clayforth-Carr said:
"SELEX Systems Integration has a very long and successful association with
Bristol Airport and I am therefore delighted that it has chosen our leading
radar technology to help underpin its future capability and growth. Throughout
2011 we have been working with airports across the British Isles to enhance
their Air Traffic Control capability, including the introduction of Wide Area
Multilateration and Navigation Aids systems."
More teams make
shortlist for UK's Project...
Flight International (UK): 27 September 2011
[What follows is the full text of the news story.]
More teams make
shortlist for UK's Project Marshall
Fusion Air Traffic
Management has confirmed its down-selection to contest the next phase of the UK
Ministry of Defence's Project Marshall requirement.
Formed of Lockheed
Martin, Selex Systems Integration and Cobham, Fusion is pursuing a proposed
22-year air traffic management service provision deal, which will support
military activities in the UK and overseas.
Confirming its
progression in a 19 September statement, the consortium said: "We look
forward to entering into competitive dialogue with the customer."
A BAE Systems-led
team, also involving Altran Praxis, Indra and LFV Aviation Consulting,
announced on 13 September that it had made the final phase of the Project
Marshall competition.
The Aquila Air
Traffic Management Services consortium formed of Babcock, NATS Services and
Thales UK is also known to have made the shortlist.
Navy security
issues hold back IMD plans
Mint: 21 June 2011
[What follows is the full text of the news story.]
New Delhi, June 21
-- The India Meteorological Department's (IMD) modernization plans have hit a
roadblock with the Indian Navy turning down its proposal to install Chinese
weather radars off the coasts of Paradip, Karaikal and Goa, citing security
concerns.
Senior IMD
officials said the navy is worried that the use of Chinese equipment will mean
the presence of Chinese personnel-for installing and commissioning-on its
premises.
Mint reported in
September 2009 that a Chinese Doppler weather radar that was to be installed
off the Mumbai port had to be relocated to Delhi over similar security concerns
by the navy; it was replaced by a locally manufactured radar.
"They have
cited security concerns, so we'll most probably have to look at installing
radars developed by government-owned Bharat Electronics Ltd (BEL) to install
its locally manufactured radars," said Ajit Tyagi, director general, IMD.
A navy
spokesperson declined to comment.
The radars are
part of an upgraded monsoon forecast system IMD hopes to put in place by 2015.
It intends to replace the current statistical models used to forecast the monsoon
with a process that uses real-time weather inputs from various data gathering
devices, such as Doppler weather radars and automatic weather stations.
IMD bought 12
Doppler weather radars on 30 May, 2009 from Beijing Metstar Radar Co. Ltd, a
joint venture of US-based Lockheed Martin Corp. and China National Huayun
Technology Development Corporation, a subsidiary of the China Meteorological
Administration.
Beijing Metstar
had won the IMD contract in 2008. The radars, to be supplied, installed and
commissioned by Metstar cost about $17.8 million (Rs.80 crore). Metstar was
preferred over BEL, which develops weather radars based on proprietary
technology of the Indian Space Research Organisation (Isro) and Germany'sSelex
Systems Integration GmbH.
"The Isro radars
are good," said P.S. Goel, former secretary, ministry of earth sciences,
who was involved with the tendering process. "But there were some software
issues that needed further testing. So, we told them then that the radars would
be tested for two years and then considered for evaluation..."
IMD says Doppler
radars have an edge over other radar systems. For example, the radars IMD
currently uses provide information only on the range of an approaching storm,
but a Doppler instrument can estimate the centre and intensity of an
approaching storm, fixing its position and predicting its path.
"If it's a
matter of security, the navy's concerns are not valid," said Goel.
"There's no way these radars can be used as bugs or any purpose other than
forecasting." Published by HT Syndication with permission from MINT. For
any query with respect to this article or any other content requirement, please
contact Editor at htsyndication@hindustantimes.com
New Fusion to
compete for UK's air traffic control
Flight International (UK): 17 May 2011
[What follows is the full text of the news story.]
Lockheed Martin,
Selex Systems Integration and Cobham have signed an agreement to form Fusion
Air Traffic Management, which will contest the UK Ministry of Defence's Project
Marshall requirement.
Formerly referred
to as the Joint Military Air Traffic Services programme, the proposed 22-year
deal seeks a contractor to deliver air traffic control and management
activities at UK air bases and air weapon ranges, and during deployed operations
involving the nation's armed forces.
Announcing the
tie-up on 5 May, Fusion said: "The three team members have unparalleled
track in large-scale service delivery, programme management, systems
integration and long-term support for air traffic services."
Lockheed will head
the Project Marshall deal if the Fusion team is selected, with Selex to provide
"technology procurement and aerodrome systems integration" and Cobham
to support field service delivery tasks.
Worth an estimated
οΏ½1 billion ($1.6 billion), the UK's next-generation military air traffic
management requirement has previously attracted interest from two other teams.
These are the Aquila Air Traffic Management Services consortium, comprising
NATS Services, Thales UK and VT Group (now Babcock), and a partnership between
Raytheon and Serco.
Finmeccanica won
orders for a combined value of EUR 175 million
Emirates News Agency (WAM): 12 May 2011
[What follows is the full text of the news story.]
Abu Dhabi, May
12th, 2011 /WAM/ -- Finmeccanica has won orders for a combined value of
approximately EUR 175 million through its companies DRS Technologies, SELEX
Sistemi Integrati, SELEX Galileo, Ansaldo Energia and SELEX Communications, Dr.
Caio Mussolini Head of Finmeccanica U.A.E. Office in Abu Dhabi announced today.
DRS Technologies
has been awarded contracts for a combined value of USD 138 million: USD 68
million by the U.S. Army to provide advanced Thermal Weapon Sights /TWS/, USD
34 million from the U.S. Air Force for the continuing overhaul of Tunner
aircraft cargo loaders, USD 20 million for critical Surveillance System
sub-assemblies and a USD 16 million contract for Enhanced Night Vision Goggles
for the U.S. Army.
SELEX Sistemi
Integrati, through its US controlled company SELEX Systems Integration Inc.,
has been awarded a contract worth USD 44 million from the Federal Aviation
Administration /FAA/ to provide more than 600 Distance Measuring Equipment
systems for the whole US National Airspace System /NAS/ within eight years.
SELEX Galileo won
contracts totaling over EUR 36 million for integrated logistical support
activities for Grifo radar, Eurofighter Typhoon, and Mirach simulators and
aerial target systems.
Ansaldo Energia,
through its controlled companies Ansaldo Thomassen /NL/ and AnsaldoESG /CH/,
won two contracts worth EUR 10 million with the Volta River Authority in Accra
/Ghana/ related to maintenance services for two power plants located in Tema
and in Takoradi.
SELEX
Communications has been awarded contracts for a combined value of EUR 4 million
from its Russian partner TETRASVYAZ within security communication sector, for
the supply of TETRA equipments for the Country s Special Services.
Finmeccanica units
secure orders worth EUR 175m
ADP Italy News: 10 May 2011
[What follows is the full text of the news story.]
(ADPnews) - May
10, 2011 - Italian aerospace and defence group Finmeccanica SpA (BIT:FNC) said
on Tuesday it had won through its subsidiaries orders worth a combined EUR 175
million (USD 251.3m).
DRS Technologies
has been awarded contracts worth USD 138 million (EUR 96.1m), including an
order with the US Army for supply of advanced Thermal Weapon Sights (TWS), a
contract with the US Air Force for the continuing overhaul of Tunner aircraft
cargo loaders, a follow-on order for critical Long Range Advanced Scout
Surveillance System (LRAS3) sub-assemblies and a contract for Enhanced Night
Vision Goggles (ENVGs) from the US Army.
SELEX Sistemi
Integrati has secured a USD-44-million contract with the Federal Aviation
Administration (FAA) for supply of more than 600 Distance Measuring Equipment
(DME) next-generation systems for the US National Airspace System (NAS) within
eight years. The contract was signed by the company's US subsidiary SELEX
Systems Integration Inc.
SELEX Galileo has
won contracts totalling over EUR 36 million for integrated logistical support
activities for a number of systems/programmes including the Grifo radar,
Eurofighter Typhoon, and Mirach simulators and aerial target systems.
Ansaldo Energia, through
its units Ansaldo Thomassen and AnsaldoESG, won two contracts worth EUR 10
million with the Volta River Authority in Accra, Ghana, related to maintenance
services for two power plants located in Tema and in Takoradi.
SELEX
Communications has been awarded contracts for a combined value of EUR 4 million
from Russian partner TETRASVYAZ for supply of TETRA equipment for Russia's
Special Services and for the security of the Winter Olympic Games 2014 in
Sochi.
(EUR 1 = USD
1.436/USD 1 = EUR 0.696)
Source:
UNITED KINGDOM : SELEX Systems Integration gets deal for providing new
Primary Radar System
TendersInfo News
25 October 2011
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[What follows is
the full text of the article.] SELEX Systems
Integration, the UK ancillary of Finmeccanica firm, SELEX Sistemi Integrati,
got a deal from Bristol Airport to provide a new Primary Radar System (PSR)
to back the airport s proposals for later enlargement. The deal will
result in SELEX Systems Integration providing its tested ATCR 33 radar to
give 24/7 radar approach services at the quickest developing UK airport. The radar s
sophisticated digital system will provide the high level of trustworthiness
and availability anticipated to fulfil the current large-scale plans of the airport,
which has sanction to set up centres to manage 10 million commuters annually
by 2020. Apart from the
establishment of the new PSR, SELEX Systems Integration will be involved in
enhancing the current Radar Data Processing and Display system together with
new controller instruments and a complete Mode S MSSR function. The contract by
Bristol Airport indicates that the SELEX ATCR 33 radar is the radar of choice
for several of the UK s airports with the system already successfully working
at Newquay, Bournemouth and Belfast City Airports. During the
inking of the deal, SELEX Systems Integration CEO, Michael Clayforth-Carr
stated, SELEX Systems Integration has a very long and successful association
with Bristol Airport and I am therefore delighted that it has chosen our
leading radar technology to help underpin its future capability and growth.
Throughout 2011 we have been working with airports across the British Isles
to enhance their Air Traffic Control capability, including the introduction
of Wide Area Multilateration and Navigation Aids systems. We look forward to
helping Bristol Airport meet the expectations of their passengers. Jeremy Daniels,
Head of Safety and Compliance at Bristol Airport, stated, This represents a
significant investment in the Airport s future, providing airlines and air
traffic controllers with access to state-of-the-art technology to ensure safe
and reliable operations are maintained. Alongside planned developments to
enhance the passenger experience, this demonstrates our commitment to being a
world-leading regional airport for the South West. Copyright 2011
Euclid Infotech Pvt. Ltd., distributed by Contify.com
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UNITED KINGDOM : Lockheed Martin, SELEX Systems Integration and Cobham
Team for Project MARSHALL Bid
TendersInfo News
06 May 2011
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[What follows is
the full text of the article.] Lockheed Martin,
Finmeccanica through its UK company SELEX Systems Integration - and Cobham have
signed an agreement to form Fusion Air Traffic Management, which will address
Project MARSHALL - formerly known as the Joint Military Air Traffic Services
(JMATS) programme. The three team
members have unparalleled track records in large-scale service delivery,
programme management, systems integration and long-term support for Air
Traffic Services. Together, the Fusion team offers a proven capability to
deliver the optimum approach, solution and underlying values to fulfil the
programme effectively. MARSHALL is a
major Air Traffic Services project for the Ministry of Defence (MOD). It will
provide long-term air traffic management capability for the safe operation of
all the MOD s main bases, airfields and air weapon ranges in the UK and
overseas, including those used for deployed operations. MARSHALL will also
deliver significant savings to the MOD over the 22-year lifetime of the
programme through improved efficiencies, economies of scale and innovation. Lockheed Martin
UK Chief Executive Stephen Ball said:"The team name Fusion was chosen to
reflect the very best of each of the three organisations for the benefit of
the MOD. We believe that together we are best placed to understand the
technical complexities and commercial challenges of the programme and then
reliably deliver safe and innovative solutions that will add real
value." SELEX Systems
Integration Chief Executive Michael Clayforth-Carr added:"All three
companies have significant current military and civil air traffic control
business in the UK and around the world. We fully understand the
technological requirements and the attendant service delivery challenge and
are all operating successfully within the MOD s current contractual
environment." Cobham UK
Managing Director of Aviation Services Des Taylor commented:"Fusion has
been carefully constructed to ensure that, whilst all team members understand
the challenges of the programme as a whole, each company also brings a
particular expertise which allows it to take the lead in its particular field.
For more than 25 years, Cobham has provided the MOD with a wide range of
managed services and Cobham through Fusion will provide Project MARSHALL with
leadership in the support solution and field service delivery." About MARSHALL
(formerly known as JMATS) Project MARSHALL
is the key Air Traffic Management programme for the Ministry of Defence (MOD)
as it will provide the capability to support UK military flying and air
deployed operations for the long term. These Air Traffic Services will
provide air traffic control and air traffic management for all of the MoD s
aerodromes and air weapon ranges both in the UK and overseas including those
used for current deployed operations. Copyright 2011
Euclid Infotech Pvt. Ltd., distributed by Contify.com
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GERMANY,UNITED KINGDOM : University of Leeds signs agreement with Selex
Systems Integration Gmbh for radar apparatus
TendersInfo News
29 March 2011
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[What follows is
the full text of the article.] University of Leeds,
United Kingdom has issued the contract of 560 000 GBP to Selex Systems
Integration Gmbh, Germany for supply of radar apparatus. The contract is
issued for supply, installation & commissioning of a mobile dual
polorisation doppler weather radar system to the University of Leeds. Total 2 number
of offers received for this tender. The contract is been covered by GPA and
the third party sub-contracting will not be done in the process. The award criteria
is the most economically advantageous tender in terms of equipment initial
and lifetime costs; radar technical details and performance; physical
characteristics; reliability and maintainability; operational availability;
delivery lead time; demonstrated experience, knowledge capability and project
understanding; environmental impact. The tendering
authority did not followed electronic auction process for selecting the
bidder. The contracting authority is not purchasing on behalf of other
contracting authorities. University of Leeds is a body governed by public
law. Copyright 2011
Euclid Infotech Pvt. Ltd., distributed by Contify.com
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FRANCE,GERMANY : Selex systems integration GmbH Gematronik weather radar
systems bags contract worth 2 500 780 Euros for radar apparatus
TendersInfo News
18 January 2011
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[What follows is
the full text of the article.] Meteo-France has
issued the contract of 2 500 780 Euros to Selex systems integration GmbH Gematronik
weather radar systems for supply of radar apparatus. The tender is awarded as
per open procedure method and it is covered by the Government Procurement
Agreement (GPA). Total two offers
were received by Contracting Authority for participating in this contract;
however the contract was allotted to SELEX systems integration GmbH
Gematronik weather radar systems, Germany for 2 500 780 Euros, excluding VAT. The award
criteria are the most economically advantageous tender in terms of technical
quality of the offer and price. The contracting authority is not purchasing
on behalf of other contracting authorities. An electronic auction has not
been used to allot this contract. Copyright 2011
Euclid Infotech Pvt. Ltd., distributed by Contify.com
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Standard & Poors
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United
States of America Long-Term Rating Lowered To 'AA+' Due To Political Risks,
Rising Debt Burden; Outlook Negative |
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Publication
date: 05-Aug-2011 20:13:14 EST |
·
We have lowered our long-term sovereign
credit rating on the United States of America to 'AA+' from 'AAA' and affirmed
the 'A-1+' short-term rating.
·
We have also removed both the short- and long-term ratings
from CreditWatch negative.
·
The downgrade reflects our
opinion that the fiscal consolidation plan that Congress and the Administration
recently agreed to falls short of what, in our view, would be necessary to
stabilize the government's medium-term debt dynamics.
·
More broadly, the downgrade
reflects our view that the effectiveness, stability, and predictability of
American policymaking and political institutions have weakened at a time of
ongoing fiscal and economic challenges to a degree more than we envisioned when
we assigned a negative outlook to the rating on April 18, 2011.
·
Since then, we have changed our
view of the difficulties in bridging the gulf between the political parties
over fiscal policy, which makes us pessimistic about the capacity of Congress
and the Administration to be able to leverage their agreement this week into a
broader fiscal consolidation plan that stabilizes the government's debt
dynamics any time soon.
·
The outlook on the long-term
rating is negative. We could lower the long-term rating to 'AA' within the next
two years if we see that less reduction in spending than agreed to, higher
interest rates, or new fiscal pressures during the period result in a higher
general government debt trajectory than we currently assume in our base case.
TORONTO (Standard &
Poor's) Aug. 5, 2011--Standard & Poor's Ratings Services said today that it
lowered its long-term sovereign credit rating on the United States of America
to 'AA+' from 'AAA'. Standard & Poor's also said that the outlook on the
long-term rating is negative. At the same time, Standard & Poor's affirmed
its 'A-1+' short-term rating on the U.S. In addition, Standard & Poor's
removed both ratings from CreditWatch, where they were placed on July 14, 2011,
with negative implications.
The transfer and
convertibility (T&C) assessment of the U.S.--our assessment of the
likelihood of official interference in the ability of U.S.-based public- and
private-sector issuers to secure foreign exchange for
debt service--remains
'AAA'.
We lowered our long-term
rating on the U.S. because we believe that the prolonged controversy over
raising the statutory debt ceiling and the related fiscal policy debate
indicate that further near-term progress containing the growth in public
spending, especially on entitlements, or on reaching an agreement on raising
revenues is less likely than we previously assumed and will remain a
contentious and fitful process. We also believe that the fiscal consolidation
plan that Congress and the Administration agreed to this week falls short of
the amount that we believe is necessary to stabilize the general government
debt burden by the middle of the decade.
Our lowering of the
rating was prompted by our view on the rising public debt burden and our
perception of greater policymaking uncertainty, consistent with our criteria
(see "Sovereign Government Rating Methodology and
Assumptions ," June 30, 2011, especially Paragraphs 36-41).
Nevertheless, we view the U.S. federal government's other economic, external,
and monetary credit attributes, which form the basis for the sovereign rating,
as broadly unchanged.
We have taken the ratings
off CreditWatch because the Aug. 2 passage of the Budget Control Act Amendment
of 2011 has removed any perceived immediate threat of payment default posed by
delays to raising the government's debt ceiling. In addition, we believe that
the act provides sufficient clarity to allow us to evaluate the likely course
of U.S. fiscal policy for the next few years.
The political
brinksmanship of recent months highlights what we see as America's governance
and policymaking becoming less stable, less effective, and less predictable
than what we previously believed. The statutory debt ceiling and the threat of
default have become political bargaining chips in the debate over fiscal
policy. Despite this year's wide-ranging debate, in our view, the differences
between political parties have proven to be extraordinarily difficult to
bridge, and, as we see it, the resulting agreement fell well short of the
comprehensive fiscal consolidation program that some proponents had envisaged
until quite recently. Republicans and Democrats have only been able to agree to
relatively modest savings on discretionary spending while delegating to the
Select Committee decisions on more comprehensive measures. It appears that for
now, new revenues have dropped down on the menu of policy options. In addition,
the plan envisions only minor policy changes on Medicare and little change in
other entitlements,
the containment of which
we and most other independent observers regard as key to long-term fiscal
sustainability.
Our opinion is that
elected officials remain wary of tackling the structural issues required to effectively
address the rising U.S. public debt burden in a manner consistent with a 'AAA'
rating and with 'AAA' rated sovereign peers (see Sovereign Government Rating Methodology and
Assumptions," June 30, 2011, especially Paragraphs 36-41). In
our view, the difficulty in framing a consensus on fiscal policy weakens the
government's ability to manage public finances and diverts attention from the
debate over how to achieve more balanced and dynamic economic growth in an era
of fiscal stringency and private-sector deleveraging (ibid). A new political
consensus might (or might not) emerge after the 2012 elections, but we believe
that by then, the government debt burden will likely be higher, the needed
medium-term fiscal adjustment potentially greater, and the inflection point on
the U.S. population's demographics and other age-related spending drivers
closer at hand (see "Global Aging 2011: In The U.S., Going Gray Will Likely
Cost Even More Green, Now," June 21, 2011).
Standard & Poor's
takes no position on the mix of spending and revenue measures that Congress and
the Administration might conclude is appropriate for putting the U.S.'s
finances on a sustainable footing.
The act calls for as much
as $2.4 trillion of reductions in expenditure growth over the 10 years through
2021. These cuts will be implemented in two steps: the $917 billion agreed to
initially, followed by an additional $1.5 trillion that the newly formed
Congressional Joint Select Committee on Deficit Reduction is supposed to
recommend by November 2011. The act contains no measures to raise taxes or
otherwise enhance revenues, though the committee could recommend them.
The act further provides
that if Congress does not enact the committee's recommendations, cuts of $1.2
trillion will be implemented over the same time period. The reductions would
mainly affect outlays for civilian discretionary spending, defense, and
Medicare. We understand that this fall-back mechanism is designed to encourage
Congress to embrace a more balanced mix of expenditure savings, as the
committee might recommend.
We note that in a letter
to Congress on Aug. 1, 2011, the Congressional Budget Office (CBO) estimated
total budgetary savings under the act to be at least $2.1 trillion over the
next 10 years relative to its baseline assumptions. In updating our own fiscal
projections, with certain modifications outlined below, we have relied on the
CBO's latest "Alternate Fiscal Scenario" of June 2011, updated to
include the CBO assumptions contained in its Aug. 1 letter to Congress. In
general, the CBO's "Alternate Fiscal Scenario" assumes a continuation
of recent Congressional action overriding existing law.
We view the act's
measures as a step toward fiscal consolidation. However, this is within the
framework of a legislative mechanism that leaves open the details of what is
finally agreed to until the end of 2011, and Congress and the Administration
could modify any agreement in the future. Even assuming that at least $2.1
trillion of the spending reductions the act envisages are implemented, we
maintain our view that the U.S. net general government debt burden (all levels
of government combined, excluding liquid financial assets) will likely continue
to grow. Under our revised base case fiscal scenario--which we consider to be
consistent with a 'AA+' long-term rating and a negative outlook--we now project
that net general government debt would rise from an estimated 74% of GDP by the
end of 2011 to 79% in 2015 and 85% by 2021. Even the projected 2015 ratio of
sovereign indebtedness is high in relation to those of peer credits and, as
noted, would continue to rise under the act's revised policy settings.
Compared with previous
projections, our revised base case scenario now assumes that the 2001 and 2003
tax cuts, due to expire by the end of 2012, remain in place. We have changed
our assumption on this because the majority of Republicans in Congress continue
to resist any measure that would raise revenues, a position we believe Congress
reinforced by passing the act. Key macroeconomic assumptions in the base case
scenario include trend real GDP growth of 3% and consumer price inflation near
2% annually over the decade.
Our revised upside
scenario--which, other things being equal, we view as consistent with the
outlook on the 'AA+' long-term rating being revised to stable--retains these
same macroeconomic assumptions. In addition, it incorporates $950 billion of
new revenues on the assumption that the 2001 and 2003 tax cuts for high earners
lapse from 2013 onwards, as the Administration is advocating. In this scenario,
we project that the net general government debt would rise from an estimated
74% of GDP by the end of 2011 to 77% in 2015 and to 78% by 2021.
Our revised downside
scenario--which, other things being equal, we view as being consistent with a
possible further downgrade to a 'AA' long-term rating--features less-favorable
macroeconomic assumptions, as outlined below and also assumes that the second
round of spending cuts (at least $1.2 trillion) that the act calls for does not
occur. This scenario also assumes somewhat higher nominal interest rates for
U.S. Treasuries. We still believe that the role of the U.S. dollar as the key
reserve currency confers a government funding advantage, one that could change
only slowly over time, and that Fed policy might lean toward continued loose monetary
policy at a time of fiscal tightening. Nonetheless, it is possible that
interest rates could rise if investors re-price relative risks. As a result,
our alternate scenario factors in a 50 basis point (bp)-75 bp rise in 10-year
bond yields relative to the base and upside cases from 2013 onwards. In this
scenario, we project the net public debt burden would rise from 74% of GDP in
2011 to 90% in 2015 and to 101% by 2021.
Our revised scenarios
also take into account the significant negative revisions to historical GDP
data that the Bureau of Economic Analysis announced on July 29. From our
perspective, the effect of these revisions underscores two related points when
evaluating the likely debt trajectory of the U.S. government. First, the
revisions show that the recent recession was deeper than previously assumed, so
the GDP this year is lower than previously thought in both nominal and real
terms. Consequently, the debt burden is slightly higher. Second, the revised
data highlight the sub-par path of the current economic recovery when compared
with rebounds following previous post-war recessions. We believe the sluggish
pace of the current economic recovery could be consistent with the experiences
of countries that have had financial crises in which the slow process of debt
deleveraging in the private sector leads to a persistent drag on demand. As a
result, our downside case scenario assumes relatively modest real trend GDP
growth of 2.5% and inflation of near 1.5% annually going forward.
When comparing the U.S.
to sovereigns with 'AAA' long-term ratings that we view as relevant
peers--Canada, France, Germany, and the U.K.--we also observe, based on our
base case scenarios for each, that the trajectory of the U.S.'s net public debt
is diverging from the others. Including the U.S., we estimate that these five
sovereigns will have net general government debt to GDP ratios this year
ranging from 34% (Canada) to 80% (the U.K.), with the U.S. debt burden at 74%.
By 2015, we project that their net public debt to GDP ratios will range between
30% (lowest, Canada) and 83% (highest, France), with the U.S. debt burden at
79%. However, in contrast with the U.S., we project that the net public debt
burdens of these other sovereigns will begin to decline, either before or by
2015.
Standard & Poor's
transfer T&C assessment of the U.S. remains 'AAA'. Our T&C assessment
reflects our view of the likelihood of the sovereign restricting other public
and private issuers' access to foreign exchange needed to meet debt service. Although
in our view the credit standing of the U.S. government has deteriorated
modestly, we see little indication that official interference of this kind is
entering onto the policy agenda of either Congress or the Administration.
Consequently, we continue to view this risk as being highly remote.
The outlook on the
long-term rating is negative. As our downside alternate fiscal scenario
illustrates, a higher public debt trajectory than we currently assume could lead
us to lower the long-term rating again. On the other hand, as our upside
scenario highlights, if the recommendations of the Congressional Joint Select
Committee on Deficit Reduction--independently or coupled with other
initiatives, such as the lapsing of the 2001 and 2003 tax cuts for high
earners--lead to fiscal consolidation measures beyond the minimum mandated, and
we believe they are likely to slow the deterioration of the government's debt
dynamics, the long-term rating could stabilize at 'AA+'.
On Monday, we
will issue separate releases concerning affected ratings in the funds,
government-related entities, financial institutions, insurance, public finance,
and structured finance sectors.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.81 |
|
|
1 |
Rs.82.00 |
|
Euro |
1 |
Rs.68.81 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.