Crane Co., a diversified manufacturer of highly engineered industrial products,announced that Eric C. Fast, chief executive officer, will retire from Crane Co. in January 2014. Fast joined Crane in 1999 as president and chief operating officer and was promoted to chief executive officer in January 2001. He will be succeeded by Max H. Mitchell, currently president and chief operating officer.
Northrop Grumman Corp. will provide 48 more self-deploying, monopole JIB antennas for Global Positioning System (GPS III) satellites under a follow-on contract from Lockheed Martin Corp.. The work will be carried out by Astro Aerospace, a strategic business unit of Northrop Grumman.
A team of astronomers has used the new ALMA (Atacama Large Millimeter/submillimeter Array) telescope to pinpoint the locations of over 100 of the most fertile star-forming galaxies in the early Universe. ALMA is so powerful that, in just a few hours, it captured as many observations of these galaxies as have been made by all similar telescopes worldwide over a span of more than a decade.
Norsat International Inc., a leading provider of innovative communication solutions that enable the transmission of data, audio and video for challenging applications and environments, announced that it has closed a definitive agreement to acquire certain business assets and assume certain liabilities of a U.S.-based satellite communication systems company. Norsat will pay US$530,170 and will finance the transaction with cash from operations.