Locks and Security News: your weekly locks and security industry newsletter
24th April 2024 Issue no. 702

Your industry news - first

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News in Brief

BAE Systems, the British maker of military equipment has agreed to buy US firm Intelligence Services Group for 190 million pounds to meet growing demand for intelligence and security services. The US company forms part of L-1 Solutions, which is reportedly selling most of its operations to French aerospace and defence group Safran.

BAE said in a statement that its part acquisition of L-1 Solutions reflects the group's strategy "to enhance and grow its business in the area of customer support and services, which includes cyber and security."

MOBOTIX AG closes the 2009/2010 fiscal year with continued robust sales growth. The system provider for high-resolution and network-based video security systems, reported continued robust growth in sales and earnings for the fiscal year 2009/2010 ending on June 30, 2010. Despite the difficult global economic environment in fiscal year 2009/2010, the MOBOTIX Group (IFRS consolidated statements) achieved an energetic sales growth of 20%, resulting from sales of €53.8 million (previous year: €44.9 million), enabling the company to expand and strengthen its market position globally.

James Winner, who marketed the steering wheel lock known as the Club after his car was stolen in the 1980s, died September 14th in a head-on collision in western Pennsylvania, USA. He was 81.

22nd September 2010