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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Mundus Group Inc (PK) | USOTC:MNDP | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0006 | 0.0005 | 0.0008 | 0.00063 | 0.00055 | 0.0006 | 1,220,000 | 21:02:20 |
Both surveillance and armed U.S. drones, which have been widely deployed in Afghanistan and Iraq, have received strong interest from Japan, Australia, Saudi Arabia and nuclear neighbors India and Pakistan. US defense contractors like Boeing (NYSE: BA) which produces the ScanEagle and Lockheed Martin (NYSE: LMT) who produces the tiny Samurai UAV have the technological edge over foreign competitors which gives them greater access to the estimated $4.9 billion global share of UAV spending. (Teal Group www.tealgroup.com/index.php?option=com_content&view=article&id=62:uav-study-release&catid=3&Itemid=16)
Privately held General Atomics manufactures the best-known UAV, the Predator, which has made headlines for its wide deployment by the US military, but public companies have made headlines of their own. Recently, Northrop Grumman was awarded a $2.6 billion contract for its Fire Scout drone and relative new comer to the UAV market, AeroVironment (NASDAQ: AVAV) announced a $6.8 million dollar purchase from the US Air Force for its Raven UAV. Textron which makes the Shadow family of UAV's is a cornerstone of the US Army and Marines drone deployment and niche player in the surveillance UAV market. Mundus Group, Inc. (PINKSHEETS: MNDP) announced today that their AirStar UAV will help patrol the coasts of Texas and Louisiana for government agencies as well as yesterday's announcement of the 10 year anniversary of their electric ducted fan technology, which was co-developed with the US Navy.
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid Century Capital Markets twelve hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation; do no trading of any kind and send no faxes or emails.
Contact: Century Capital Markets Email Contact
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