Deloitte Recognized as Top Consulting Provider

Deloitte Recognized as Top Consulting Provider

Deloitte Recognized as Top Consulting Provider-Image via Wikipedia

Deloitte announced today that Kennedy Consulting Research & Advisory has named Deloitte the largest consulting provider and the largest management consulting provider globally, based on 2009 aggregate revenues in its Global Consulting Marketplace 2010-2013 report.

    
    Key findings:
    -- Kennedy recognizes Deloitte as the largest organization by a
       considerable margin, and highlights Deloitte's growth strategy and
       go-to-market approach as factors contributing to the organization's 
       success during a difficult economic climate.
    -- According to the report, Deloitte is a leader in management consulting
       with extensive capabilities and depth in strategy, operations 
       management and human resources, as well as business advisory services 
       and information technology consulting.
    -- The report also underscores Deloitte's mantra - "business-led,
       technology-enabled" - as an accurate reflection of the position of the 
       market.

Commenting on the recognition, Deloitte Touche Tohmatsu Limited CEO Jim Quigley said, “This recognition of Deloitte as the leader in consulting and advisory services reflects the unique expertise, insight, and passion Deloitte brings to its relationships with clients worldwide. Our organization’s commitment to delivering exceptional client service is at the heart of how we succeed – and of who we are.”

Jerry Leamon, DTTL Global Managing Partner, Services and Mergers & Acquisitions, added, “Kennedy’s flagship report on the global consulting marketplace takes a comprehensive view of the market, which is consistent with our own view. To be the only organization rated ‘strong’ in all the major consulting and advisory categories is exactly where we want to be.”

The report highlights a number of Deloitte’s strengths:

Breadth of capabilities, geographic reach, and deep expertise

“Deloitte’s strategy is to use its breadth of services, geographic reach, and industry expertise to serve clients of all sizes with an exceptionally well-integrated perspective and with flexibility and pragmatism.”

“Deloitte’s key differentiation lies in the size and the critical mass it can bring to bear on client challenges from both within and outside its advisory practice and across industries and geographies.”

“The successful execution of Deloitte’s breadth of offerings and the application of its ‘one Deloitte’ approach depends on extraordinary diversity of experience among Deloitte’s member firms and among team members on client engagements.” Source: Kennedy Consulting Research & Advisory; Global Consulting Marketplace 2010-2013; (c) BNA Subsidiaries, LLC. Reproduced under license.

Multi-service capabilities

“Over the last five years, some firms have made a concerted effort to promote their multi-service capabilities, demonstrating that they would drive significant value for themselves and their clients. Deloitte stands out as a firm that has made a significant effort in this area, including marketing its broad and deep cross-service line capabilities to clients as its unique ‘multi-disciplinary approach.'” Source: Kennedy Consulting Research & Advisory; Global Consulting Marketplace 2010-2013; (c) BNA Subsidiaries, LLC. Reproduced under license.

Strategic investments

“Deloitte continues to make thoughtful investments to help drive its future opportunities. This includes: 1) making strategic acquisitions to bolster select practices; 2) continuing to enhance its global delivery model to remain competitive in implementation activities; and 3) investing in staff through the creation of learning centers such as the launch of Deloitte University, planned for 2011.” Source: Kennedy Consulting Research & Advisory; Global Consulting Marketplace 2010-2013; (c) BNA Subsidiaries, LLC. Reproduced under license.

“Kennedy’s report confirms that being a world-class consulting organization requires more today than it has in the past,” says Ainar Aijala, DTTL Global Managing Partner, Consulting. “Clients have never been more focused on value or more sophisticated in their buying decisions. It’s no longer enough for a consultant to have a one- or even a two-dimensional view. Leading with a proven strategy and bringing a broad and deep array of capabilities to the table are crucial to solving clients’ increasingly complex issues.”

As used in this press release, “Deloitte” means Deloitte Touche Tohmatsu Limited member firms.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 140 countries, Deloitte brings world-class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte’s approximately 170,000 professionals are committed to becoming the standard of excellence.

Source: Deloitte Touche Tohmatsu Limited

Independent Energy Solutions to Build Solar Electric System for GSA

Independent Energy Solutions to Build Solar Electric System for GSA-Image by Getty Images via @daylife

Independent Energy Solutions, Inc. (IES), a leading solar energy development and construction firm, today announced it has been awarded a major contract by the U.S. General Services Administration (GSA) to design and build a 914 kilowatt solar electric (photovoltaic or PV) system. The system, now being installed on the rooftop of the Chet Holifield Federal Building in Laguna Niguel, California, is the first utility-scale PV project for GSA.

When completed, the installation should produce more than 1.4 million kilowatt-hours of electricity annually or enough to power roughly 130 homes. It will also save about 1.8 million pounds of CO2 gas yearly – equal to taking 800 cars off the road. Funding is coming from the American Recovery and Reinvestment Act (ARRA) and the project will be used by the GSA as a case study and reference point for possible future solar projects.

According to GSA Region 9 Energy and Sustainability Branch project manager, Kristine Walker, “By increasing the U.S. government’s use of solar power, we reduce our dependence on fossil fuels and help create green energy jobs now and for the future.  With IES based here in Southern California, we also ensure those jobs stay in the community.”

IES chief operating officer, George Gisel, said, “Because this is an ARRA project, we’re using all ‘made-in-the-USA’ components. The 3,808 silicon PV modules are produced by Solarworld in Camarillo, California; the inverters come from Advanced Energy / PV Powered in Oregon; and the roof mounting system is manufactured by Sunlink in California.”

“Our extensive experience designing and building large-scale solar systems for the U.S. military and  major utilities enables us to deliver projects like this quickly, reliably and cost effectively. We’re pleased to partner with the GSA on this high profile project,” Gisel added.

When finished, the system will be the 2nd largest photovoltaic installation in Orange County.

Founded in 1998, Independent Energy Solutions, Inc. (IES) is a leading provider of renewable energy and solar electric (photovoltaic) systems. IES provides design, build, procurement, project management, training and maintenance services to a broad spectrum of customers including commercial, military, public agencies, nonprofit and education. For more information about IES, please visit http://www.indenergysolutions.com or call (760) 752-9706.

Independent Energy Solutions, Inc.
1090 Joshua Way, Vista, CA  92081
Tel: (760) 752-9706 · Fax: (760) 752-9758

SOURCE Independent Energy Solutions, Inc.

Anthem’s Wellness programs are now available to even more members: Anthem’s MyHealth Advantage program is automatically embedded for all Nevada fully insured groups as of Oct. 1. Previously, only large employers who paid an additional fee received the MyHealth Advantage benefits.

MyHealth Advantage is designed to improve the coordination of care by working with doctors to identify potential gaps in medical care that could lead to immediate and future health concerns and costs.

A key component to MyHealth Advantage is MyHealth Note, which aims to keep members in harmony with their best medical care:  Members receive a confidential, personalized MyHealth Note via mail at home when potential medical issues are identified. The mailing suggests specific actions endorsed by their doctor.  For example, MyHealth Note might be sent to:

  • A member who is in an age group to receive an annual mammogram but whose medical claims suggest she has not had one in the past year.
  • A member who is not regularly refilling a prescription for medication to lower blood pressure
  • A member who could save money by switching to a specific generic or formulary-preferred medication

The personal health guidance in the MyHealth Note helps members understand their current health status, make better informed health care decisions and achieve and maintain wellness. If a member has a question about any of the information in MyHealth Note, a registered nurse is available via phone or email to help.

“MyHealth Advantage is about providing personalized and proactive health care guidance, which can lead to better heath for employees and lower health costs for employers,” said Mike Murphy, president of Anthem Blue Cross and Blue Shield in Nevada.

If a clinical issue is identified, such as the member is not refilling their prescription regularly or they are overdue for an annual test, a letter is sent to the member’s physician. Members also have toll free access to health coaches and can access exclusive information provided by the Harvard Medical School via the Internet.

MyHealth Note is proven to increase member compliance with best medical practices. Within 12 months of receiving a MyHealth Note (1):

  • 46 percent of members showed increased compliance to clinical recommendations
  • 23 percent of members switched to a lower cost generic medication when told there was an alternative
  • 69 percent of members refilled a high blood pressure Rx when reminded
  • 60 percent of members went for an annual lipid check when reminded it was overdue
  • 38 percent of members scheduled a mammogram when reminded it was due

After the MyHealth Note is sent, all information generated for members is loaded into Anthem’s care management system as part of the member’s care record, so that the information is readily available for nurses or specialists such as dietitians and pharmacists, who might be assisting the member through other wellness programs.

About Anthem Blue Cross and Blue Shield in Nevada:

Anthem Blue Cross and Blue Shield is the trade name of Rocky Mountain Hospital and Medical Service, Inc., an independent licensee of the Blue Cross and Blue Shield Association.  ®ANTHEM is a registered trademark of Anthem Insurance Companies, Inc. The Blue Cross and Blue Shield names and symbols are registered marks of the Blue Cross Blue Shield Association.   Additional information about Anthem Blue Cross and Blue Shield in Nevada is available at www.anthem.com.

(1) Based on an internal review of member participants

SOURCE Anthem Blue Cross and Blue Shield in Nevada

Low Income Housing Tax Credits- New Details

Low Income Housing Tax Credits- New Details

Low Income Housing Tax Credits- New Details-Image via Wikipedia

Affordable housing leaders will gather at the Four Seasons Hotel in Las Vegas, December 2 – 3, to examine the critical and creative financial solutions that lead to successful projects and learn how the low-income housing tax credit (LIHTC) is a crucial part of the equation. Drawing developers, lenders, sponsors, accountants, attorneys, agency officials and other interested parties, the Novogradac & Company LLP Tax Credit Housing Finance Conferenc e provides a forum for housing professionals to discuss changes, strategies, public policy and the very latest in LIHTC development financing.

“Each year affordable housing development and preservation face greater challenges. It is imperative that the industry identify ways to deal with these challenges, especially the financial matters, in order to ensure affordable housing will be available to the country’s low- and moderate-income families for many years to come,” says Mike Morrison, conference chair and partner in the San Francisco office of Novogradac & Company LLP. “This conference provides an opportunity for industry participants to share and explore innovative ways to drive the development of more affordable and safe housing.”

The information presented at the Tax Credit Housing Finance Conference, from practical knowledge to high-level discussions, is applicable to beginners and experts alike. Panelists will focus on passed and pending legislation, not-for-profit development and other hot topics such as loss syndication, taxation on carried interest and the 30 percent test.

From the tightening of underwriting standards and the blending of Section 1602 Funds with debt, to the emergence of new investors and a two-tiered investment pool, affordable housing transactions have changed. Panelists will tackle the state of the debt and equity markets and discuss industry response. The conference will close with an in depth discussion about the single largest exchange program development under the Recovery Act to date—Malibu Apartments. Hear from tax credit veterans how the project was conceived, the team assembled and how, from the pre-application process to loan closing, the team collaborated effectively with HUD.

Conference participants will also be among the first to recognize the accomplishments of those whose developments will be honored with the second annual Novogradac Journal of Tax Credit Housing Developments of Distinction awards. The awards, presented at a breakfast banquet on Friday, December 3, will recognize excellence and honor outstanding achievement in the development of projects using the low-income housing tax credit (LIHTC), historic tax credit (HTC), renewable energy tax credit (RETC) and/or tax credit projects using U.S. Department of Housing and Urban Development (HUD) financing. Honored tax credit projects will have been placed in service in 2009/2010, had a meaningful and major impact on their community, demonstrated financial innovation or overcome significant obstacles in their development.

The conference will also feature a pair of concurrent pre-conference workshops: Tax Credit Basics and LIHTC Financing to be held Wednesday, December 1, 2010. Separate registration is required and additional fees apply.

An LIHTC Property Compliance Workshop will be held in conjunction with the conference. The two-day workshop December 2 and 3 will inform and refresh those property managers who want to learn and understand low-income housing tax credit compliance issues and concerns.

The Tax Credit Housing Finance Conference is co-hosted SNR Denton. Sponsors include Boston Financial Investment Management, Enterprise Community Investment, Polsinelli Shughart PC, Prudential Mortgage Capital Company, and RBC Capital Markets.

Conference details and the complete conference agenda can be found at http://www.novoco.com/events/lihtc/las_vegas/index.php#home.php.

Novogradac & Company LLP, a national certified public accounting and consulting firm headquartered in San Francisco, Calif., has consistently been named by Accounting Today and Public Accounting Report as one of the top accounting firms in the country. Inside Public Accounting named it as one of the 25 best managed accounting firms and the San Francisco Business Times recognizes it as one of only five companies that for five consecutive years has made its list of the Fastest Growing Companies in the Bay Area.

Novogradac & Company LLP has its headquarters in San Francisco, Calif., with offices in metro Atlanta, Ga., Washington, D.C. and Kansas City, Mo., as well as in Austin, Texas, Boston, Mass., Dover, Columbus and Cleveland, Ohio, Portland, Ore., New York, N.Y. and Long Beach, Calif. The firm maintains clients in a broad range of industries with major emphasis in the real estate sector, providing publicly and privately held national and multinational enterprises with a full spectrum of audit, tax, valuation, trust and litigation support, computer consulting and general consulting services.

For more information about Novogradac & Company LLP’s Tax Credit Housing Finance Conference, contact Jane Bowar Zastrow at 415.356.8034.

American Gold Eagle Coins Continue High Demand

American Gold Eagle Coins Continue High Demand

American Gold Eagle Coins Continue High Demand-Image via Wikipedia

American eagle gold coins continued to feel the pressures of investor interest as the global financial market questions paper currency. US gold dealer Regal Assets advises Americans to buy gold now as currency wars will cause the devaluation of US paper currency. By law, the US mint must produce enough eagle gold bullion coins to meet public demand. In doing so the mint has recently discontinued producing fractional gold, gold proof coins and the 24k American buffalo gold coins.

US Mint Eagle gold coins are not sold direct to the public but through dealers in precious metal firms. US gold dealer Regal Assets has been encouraging Americans to take note that the U.S. economic recovery is now foretasted to struggle until 2015. This may compel currency debasement by the Feds and coerce countries and investors to reconsider their US dollar holdings which will add downward pressure on the US dollar and upward pressure on the price of Gold.

Gold prices continue to be supported by strong demand for a safe haven investment that has global trade value. Almost all major countries now have started gold buying programs for their central banks. Countries like China and India have eased traded laws to encourage their citizens to acquire gold and silver bullion.

Rushes on gold buying have caused mints around the world to run out of popular gold coins such as the Krugerrand. US gold dealer Regal Assets has increased it’s holdings so that Americans can acquire not only the Krugerrand but the Swiss gold francs and American buffalo gold coin. They can be ordered by phone at 1-888-700-9887 or online thru http://www.RegalGoldCoins.com.

Illinois Housing Market Remains Subdued

Illinois Housing Market Remains Subdued

Illinois Housing Market Remains Subdued-Image via Wikipedia

Record low mortgage interest rates and more affordable home prices benefited buyers in September, although the Illinois housing market remains subdued after the tax credit without stronger signals from the economy in the areas of jobs and improved consumer confidence. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in September 2010 totaled 8,024, down 4.7 percent from August’s 8,419 home sales; year-over-year home sales are down 23.4 percent compared to September 2009 sales of 10,470 homes. Year-to-date sales remain positive, up 4.9 percent January through September 2010 with 81,669 home sales compared to 77,860 home sales for the same period in 2009.

Year-to-date, the single-family median home sales price increased 1.7 percent to $149,900 compared to $147,400 for the same period in 2009; the year-to-date median price for total home sales (single-family and condominiums) was off 1.9 percent to $155,000 from $158,000 last year. The median is a typical market price where half the homes sold for more, half sold for less. The median price for the month of September 2010 was $145,983, down 8.0 percent from $158,700 in September 2009.

“It’s clear the housing market benefited from the tax credit through the first half of the year and now we are feeling the withdrawal symptoms in the form of slower sales. Still this extraordinary buyer opportunity should continue as mortgage rates remain in rock-bottom territory as they were just last week averaging 4.19 percent for our region,” said REALTOR® Sheryl Grider Whitehurst, ABR, CRB, GRI, president of the Illinois Association of REALTORS® and the Development and Operations Coordinator for Traders Realty in Peoria. “Bottom line, home sales will struggle until jobs return to the economy, consumer confidence improves and foreclosures work their way through the system.”

The monthly average commitment rate for a 30-year, fixed-rate mortgage for the North Central region was a record low 4.34 percent in September 2010, down from 4.43 percent during the previous month, according to the Federal Home Loan Mortgage Corporation. Last year in September it averaged 5.06 percent.

In the Chicagoland Primary Metropolitan Statistical Area (PMSA) in September total home sales (including single-family and condominiums) reached 5,327 homes sold, down 5.4 percent from August’s total of 5,632; sales were down 22.4 percent compared to 6,862 homes sold in September 2009. Year-to-date sales remain up 10.5 percent January through September 2010 with 54,619 sales compared to 49,424 home sales for the same period in 2009.

The median home sale price for the Chicagoland PMSA was $175,000 in September 2010, down 12.1 percent from $199,000 in September 2009. Year-to-date, the median home sale price is down 5.5 percent to $189,000 from $200,000 for 2009.

“The slow pace of employment recovery is certainly dampening housing demand,” said Geoffrey J.D. Hewings, the Director of the Regional Economics Applications Laboratory at the University of Illinois. “In particular there is increasing concern that an employment rebound may not occur to any significant degree until late 2011. Forecasts for Illinois unemployment over the next 12 months continue to reflect the uncertainty in the economy; job growth is anticipated to be between a positive 24,000 and a negative 31,000.”

The Illinois unemployment rate improved by 0.2 points to 9.9 percent in September from August, the first decline below double-digits since August 2008; the national unemployment rate remained unchanged at 9.6 percent in September.

Hewings added: “This has been a difficult quarter for the housing markets in Illinois and Chicagoland. The forecasts for the final quarter of 2010 suggest more of the same.”

In the city of Chicago, September total home sales (single-family and condominiums) were down 26.9 percent to 1,403 sales compared to 1,918 homes sold in September 2009. The city of Chicago median price in September 2010 was $180,000, down 20.0 percent compared to $225,000 a year ago in September 2009.

Year-to-date sales remain up 11.1 percent January through September 2010 with 15,285 sales compared to 13,760 home sales for the same period in 2009. The year-to-date median sales price for the city of Chicago is down 7.9 percent to $210,000 from $228,000 for 2009.

“Distressed properties are driving sales, putting pressure on the overall median price of homes sold in today’s market. A positive indicator that our market is moving as it should can be seen with a steady pace of units sold and existing inventory being absorbed,” said Mabel Guzman, president of the Chicago Association of REALTORS® and a REALTOR® with Su Familia Real Estate, Chicago. “With condo sales in the city of Chicago up over 11 percent year-to-date from the same period in 2009, we see an expansion of choices for potential buyers to jump in the market now and find great value for homes they may have not otherwise been able to afford.”

According to the IAR report, total home sales (single-family and condominiums) comparing September 2010 to September 2009 were up in 16 of 100 Illinois counties reporting with 41 of 100 counties posting median price increases. The following Illinois counties reported gains in the median price for the month: Champaign, up 8.9 percent to $147,500; Jo Daviess, up 3.4 percent to $150,000; LaSalle, up 2.7 percent to $97,500; Madison, up 5.2 percent to $120,950; McLean, up 2.3 percent to $153,375; Sangamon, up 4.8 percent to $120,550; and Tazewell, up 14.3 percent to $136,000.

Sales and price information is generated from a survey of Multiple Listing Service sales reported by 35 participating Illinois REALTOR® local boards and associations. The Chicago PMSA, as defined by the U.S. Census Bureau, includes the counties of Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will.

The Illinois Association of REALTORS® is a voluntary trade association whose 46,000 members are engaged in all facets of the real estate industry. In addition to serving the professional needs of its members, the Illinois Association of REALTORS® works to protect the rights of private property owners in the state by recommending and promoting legislation that safeguards and advances the interest of real property ownership.

Find Illinois market stats data at www.illinoisrealtor.org/marketstats.

** Economist Geoff Hewings will be available for media interviews between noon and 3 p.m. CST on Monday, October 25.

SOURCE Illinois Association of REALTORS(R)

Equifax Inc. (NYSE: EFX) Shows Small Business Bankruptcies Continue Decline

Equifax Inc. (NYSE: EFX) Shows Small Business Bankruptcies Continue Decline-Image via CrunchBase

Small business bankruptcy filings declined more than 11 percent in the third quarter of this year compared to a year ago and have decreased nearly 19 percent since their peak in Q2 2009, Equifax Inc. (NYSE: EFX) announced today.  The decrease is the fifth consecutive quarter in which commercial bankruptcies have declined based on data from the company’s quarterly research on small business activity.

Analysis from the Equifax study shows that the number of small business bankruptcy filings peaked at 37,299 during Q2 2009, compared to 30,392 during Q3 2010.  There were 34,257 bankruptcies in Q3 2009.

“For more than a year, we have seen a decline in the number of small business bankruptcies but this is the biggest percentage decrease during that period,” said Dr. Reza Barazesh, senior vice president, Equifax Commercial Information Solutions.  “Small businesses are still having a tough time.  But the numbers are beginning to indicate that some of the stresses may be abating.”

For its quarterly study, Equifax analyzes Chapter 7, 11 and 13 filings as well as its data on the more than 24 million small businesses in the U.S.  The company considers commercial enterprises with 100 employees or less as a small business.

About Equifax (www.equifax.com)

Equifax empowers businesses and consumers with information they can trust. A global leader in information solutions, we leverage one of the largest sources of consumer and commercial data, along with advanced analytics and proprietary technology, to create customized insights that enrich both the performance of businesses and the lives of consumers.

With a strong heritage of innovation and leadership, Equifax continuously delivers innovative solutions with the highest integrity and reliability. Businesses – large and small – rely on us for consumer and business credit intelligence, portfolio management, fraud detection, decisioning technology, marketing tools, and much more. We empower individual consumers to manage their personal credit information, protect their identity, and maximize their financial well-being.

Headquartered in Atlanta, Georgia, Equifax Inc. operates in the U.S. and 14 other countries throughout North America, Latin America and Europe. Equifax is a member of Standard & Poor’s (S&P) 500(R) Index. Our common stock is traded on the New York Stock Exchange under the symbol EFX.

SOURCE Equifax

New Credit Card Law to Clarify Card Offers

New Credit Card Law to Clarify Card Offers

New Credit Card Law to Clarify Card Offers-Image via Wikipedia

Credit card offers have grown increasingly complicated since 2000, when Congress required issuers to start disclosing pricing information on credit card offers. But instead of providing clarity to consumers about the true cost of their credit cards, issuers responded to this mandate by adding a confusing array of numbers to their offers, new CRL research finds.

To see the full report, go to http://www.responsiblelending.org/credit-cards/research-analysis/Numbers-Game-The-True-Cost-of-Credit-Card-Mail-Offers.html.

Specifically, CRL’s research finds that the total count of numeric disclosures in credit card direct-mail offers increased 250% from 1999 to 2009, and at the peak in early 2009 the average credit card offer contained 33 figures.  Much of the increased complexity in offers came from new penalty rates and fees.

CRL also finds that offer complexity varied widely among issuers: In most years, the most complex offer had 6 to 8 times as many numbers as the simplest offer.  This suggests that it has been issuer choice, not regulation, that has made credit card terms more confusing.

The new CARD act enacted last year appears to have made credit card contracts simpler, suggesting the law is having the intended effect of creating fair, understandable terms. But credit card pricing remains far more complicated than just a decade ago, thwarting consumers’ ability to comparison shop. CRL recommends that regulators monitor industry practices carefully to determine whether more action is needed to enhance clarity.

About the Center for Responsible Lending

The Center for Responsible Lending is a nonprofit, nonpartisan research and policy organization dedicated to protecting homeownership and family wealth by working to eliminate abusive financial practices. CRL is affiliated with Self-Help, one of the nation’s largest community development financial institutions.

SOURCE Center for Responsible Lending

Lockheed Martin (NYSE: LMT) to Create Air Traffic System in Kazakhstan

Lockheed Martin (NYSE: LMT) to Create Air Traffic System in Kazakhstan-Image via Wikipedia

Lockheed Martin (NYSE: LMT) today signed a $49.9 million contract with Kazaeronavigatsia RSE, the air navigation service provider in the Republic of Kazakhstan. Lockheed Martin has been contracted to deploy additional Skyline® air traffic management automation systems, and maintain this national system through 2025. This contract will create the first national air traffic management system in the Republic of Kazakhstan.

“For many years, Lockheed Martin and Kazaeronavigatsia have enjoyed a strong partnership,” said John Mengucci, president of Lockheed Martin’s Information Systems and Global Solutions-Civil organization, at the signing at the 2010 Air Traffic Control Association (ATCA) Annual Conference and Exposition.   “We are privileged and excited to continue our collaboration to develop the region’s most advanced national air traffic management infrastructure.”

The Skyline® system is a comprehensive, commercial off-the-shelf solution that features flight data processing (FDP) and surveillance data processing (SDP) capabilities that can function as a tower, terminal area, procedural or flow monitoring system service. It provides a flexible configuration of features and functions to fit customer requirements.

This is the fifth contract awarded to Lockheed Martin as Kazaeronavigatsia enhances its capabilities to apply advanced technology to manage Kazakhstan’s national airspace. This new contract will allow for the installation of the Lockheed Martin Skyline® system in the new Almaty Area Control Center (ACC) and in thirteen airfield towers. It also will allow for upgrades of the Skyline® systems at the Astana ACC and the Aktobe ACC.

“Our decision to continue cooperation with Lockheed Martin on further modernization of our air traffic management system in Kazakhstan was based on the company’s reputation and proven ability to deploy systems on time and within the budget for our Astana and Aktobe ACC’s,” said Director General Sergey Kulnazarov of Kazaeronavigatsia RSE. “The new program will guarantee flawless operations of the Kazakhstan air traffic control system throughout its lifecycle.”

This contract follows a $15.5 million contract award to Lockheed Martin in 2007 to deploy a Skyline® air traffic management system at the ACC in Aktobe, Kazakhstan and four airfield towers.

Under this contract Kazakhstan established the first regional Civil-Military Coordination Centre “Omnyx.”

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 133,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation’s 2009 sales from continuing operations were $44.0 billion.

For additional information, please visit: http://www.lockheedmartin.com.

SOURCE Lockheed Martin

Next Real Estate Boom to be a Tidal Wave

Next Real Estate Boom to be a Tidal Wave

Next Real Estate Boom to be a Tidal Wave-Image via Wikipedia

The housing market, which drove the economy into ditch, could become the engine that pulls it out. So argues New America Foundation’s Patrick Doherty, along with Christopher Leinberger in a provocative cover story in the latest issue of the Washington Monthly.

A vast wave of new demand for housing is coming, note the authors, thanks to an epic demographic convergence. Baby boomers, the biggest demographic bloc in the country, are looking to downsize as their nests empty and retirement looms, while their children, the similarly numerous millennial generation, will soon want to purchase their first homes.

Neither group, however, is much interested in low-density, auto-dependent suburbs on the metropolitan fringe-the overbuilding of which helped cause the recession. Instead, these buyers are drawn to denser, lively neighborhoods in cities or inner suburbs where it’s possible to walk to stores, restaurants, and mass transit — think D.C.’s Dupont Circle area, or suburban town centers like Clayton, Missouri, outside St. Louis. Home prices in such places have soared in recent years and stayed relatively high even during the downturn. That’s a measure of growing market demand, but also limited supply: thanks to zoning restrictions and infrastructure priorities set by the federal government, too few such neighborhoods exist.

But more walkable neighborhoods could be built (and quickly, argue the authors) if the next Congress will act — for instance, by shifting federal transportation dollars from highways to mass transit. Despite what Republicans might think, such actions would not increase the deficit, but would instead draw hundreds of billions of private investment dollars now sitting on the sidelines back into the productive economy, creating millions of jobs and neighborhoods that are healthier, more energy-efficient, and in line with the way more and more Americans actually want to live.

For full article: http://www.washingtonmonthly.com/features/2010/1011.doherty-leinberger.html.

For interview requests with Patrick Doherty, please contact Kate Brown at 202-213-7051 or brown@newamerica.net.

About the New America Foundation

The New America Foundation is a nonprofit, nonpartisan public policy institute that invests in new thinkers and new ideas to address the next generation of challenges facing the United States.

SOURCE New America Foundation

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