Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Cymat Technologies Ltd V.CYM

Alternate Symbol(s):  CYMHF

Cymat Technologies Ltd. is a manufacturing company. The Company holds licenses and related patents to manufacture and sell Stabilized Aluminum Foam (SAF), a cellular metallic material. SAF is produced utilizing a process in which gas is bubbled into molten alloyed aluminum containing a dispersion of fine ceramic particles to create foam, which is then cast into strong, lightweight panels and shapes. The Company is manufacturing SAF for use in architectural, blast mitigation and energy absorption applications. It develops applications for use in the automotive and industrial markets. Its divisions include SmartMetal and Alusion. Its SmartMetal stabilized aluminum foam products are effective at absorbing an amount of energy in a lightweight and recyclable package. SAF is used in such industries as architectural design, military and automotive. It markets its architectural SAF under the Alusion brand and its automotive and military SAF under the SmartMetal brand.


TSXV:CYM - Post by User

Bullboard Posts
Post by red_baronon Dec 06, 2011 9:41pm
423 Views
Post# 19297724

JLTV Gains Backing in $518 Billion Bill

JLTV Gains Backing in $518 Billion BillU.S. Senate and House negotiators plan to fund development of new combat trucks for the Army and Marine Corps as part of a Defense Department spending bill for fiscal year 2012.

https://www.businessweek.com/news/2011-12-06/joint-light-tactical-vehicle-gains-backing-in-518-billion-bill.html

Lawmakers negotiating the defense appropriations bill are expected to support the Joint Light Tactical Vehicle program in the compromise legislation, according to two congressional aides who were not authorized to speak on the record about the negotiations. The Senate Appropriations panel had voted in September to end the potential $54 billion project.

The chairmen of the Senate and House appropriations committees are expected to introduce as early as Monday a spending bill that includes $518 billion for Pentagon operations and about $115 billion to cover wars in Iraq and Afghanistan.

The defense measure will be part of a catch-all legislative package that will also fund other government agencies for the fiscal year that started Oct. 1.

The Pentagon currently is funded through a stopgap measure, known as a continuing resolution, which expires Dec. 16. Without annual appropriations signed into law, the Pentagon lacks authority to start approved programs, move weapons programs from development into production, or increase manufacturing rates.

After the Senate appropriations committee on Sept. 13 proposed ending the estimated $54 billion JLTV program, citing “excessive cost growth,” the Army and Marine Corps developed a strategy to reduce the unit cost.

The new estimated unit costs range between $230,000 to $270,000 for base vehicle configurations, according to a draft request. The original unit cost was $350,000.

Three Contracts

Three companies in 2008 won technology development contracts for the program: General Tactical Vehicles, a joint venture of General Dynamics Land Systems, part of Falls Church, Virginia-based General Dynamics Corp., and South Bend, Indiana- based AM General LLC; BAE Systems Land & Armaments, part of London-based BAE Systems Plc; and Bethesda, Maryland-based Lockheed Martin Corp.

Under the contracts, General Tactical Vehicles has received $74.6 million; BAE Systems $77.4 million; and Lockheed $65.4 million, according to data compiled by Bloomberg.

President Barack Obama requested $244 million for the JLTV program in his fiscal 2012 budget, all in research and development funding, up from $84.7 million in fiscal 2011 and $83.9 in fiscal 2010, according to Pentagon budget documents.

Bill Differences

The defense subcommittee of the House Appropriations Committee in June cut $50 million in JLTV funding and increased by the same amount research and development funding for Humvee “survivability enhancements.”

The House in July passed a $530 billion defense-spending bill that was $9 billion below the Pentagon’s fiscal 2012 request for core defense programs, excluding funding for the wars in Iraq and Afghanistan.

The Senate Appropriations Committee later cut $26 billion from the Pentagon request, in line with the deficit-reduction law that Congress passed and President Barack Obama signed in August.

For 2012, the Pentagon requested $117.8 billion for war operations, including the military mission in Afghanistan. Congressional negotiators plan to fund war operations for the year at about $115 billion. Details of funding for programs in the Pentagon’s base bill as well as war funding are still in flux until the final legislation is officially submitted before the two chambers are scheduled to vote on it.
Bullboard Posts