NationStates Jolt Archive


Press Release, Idf Arms Corp.

IDF
28-08-2004, 21:02
IDF Arms CORP. Q3 FY-2004 announcement. Press Release and IDF SEC Filings. Sept. 2004.

IDF Arms Company is the Conglomerate that owns IDF Shipyards and IDF Aircraft. They own all the steel mills in NW Indiana and use them to mainly build steel for their capital ships.

IDF Arms Corporation CEO Jack Phelps held a Conference call with Investors about the Q3 announcement.

He announced that a new class of supercarriers, the "12 Tribes Class" is being built in a secret yard right now. (probably Kerguellen) The IDF Navy has ordered 12 of the ships and each will be named after 1 of the 12 Tribes of Israel, the ships will be the
ISS Judah
ISS Simeon
ISS Dan
ISS Reuban
ISS Benjamin
ISS Gad
ISS Ephraim
ISS Manasseh
ISS Issachah
ISS Asher
ISS Zebulun
ISS Naphtali

After this order for the IDF Navy is complete, it will be sold to any prospective buyers.

Other projects are armor upgrades, RADAR, SONAR, and weapons,

IDF yards are designing a new batch of battleships that will fall between Dreadnoughts and Large Battleships. Gun sizes will be low-mid 20s.

Based on the unexpected success of the Charles de Gaulle class IDF will build a new light attack carrier that will be an alternative to the de Gaulle, while the old ship will still be offered, it will have a likely decrease in production numbers.

The launch earlier this year of the Aircraft division has caused a 75% climb in overall profits. Investors should expect continued growth as a new ground warfare division will be added Late this year making IDF capable to supply whold militaries.

EPS this Quarter will be at $10.14 per share. This is vs. the Analyst EPS Estimate of $8.61 per share. This is due to success of the new missile cruisers, Chicago FFG, and planes
IDF
29-08-2004, 01:53
bump