United Industrial Corporation (OPK) and Samsung Heavy Industries Have Signed a Memorandum for the Development of Shipbuilding Equipment

September 24th, 2009 MELBOURNE, Florida - Northrop Grumman Corporation (NYSE: NOC) welcomes the signing this week of the Program Memorandum of Understanding for the NATO Alliance Ground Surveillance (AGS) program by the 15 participating nations. This significant milestone now allows the program of record to proceed.

September 13th, 2009 LONDON - - Acquisition Secures Proprietary Turbine Technologies for Doosan, Completing the Company's All-Round Capabilities in Power Generation Equipment - Deal Positions Doosan as one of the World's Top-Tier Power Plant Equipment Makers - Doosan Power Systems to Oversee Skoda Power and Doosan Babcock Energy Doosan Heavy Industries & Construction (DHIC), the leading Korean heavy industries company, has signed an agreement to buy Czech power plant equipment maker Skoda Power a.s., which will provide the rights to proprietary turbine technologies used in power plants. DHIC and Skoda Holding agreed in Prague, Czech Republic, today the acquisition that gives Doosan a 100% equity stake in Skoda Power.

September 8th, 2009 MOSCOW - On September 8, 2009, Severnaya Verf shipyard, a part of United Industrial Corporation (OPK), launched a vessel for oil-rig platform provision, also known as the project VS 485 PSV. The vessel for oil-rig platform provision is equipped with special capacities and cargo system for transportation of oil-rig mortar, friable freights, methanol and general freights on the open deck.

July 15th, 2009 MOSCOW - United Industrial Corporation (OPK) shipyards have delivered a diesel electric line icebreaker "St. Petersburg" to Rosmorport (Russian Maritime Port).

July 14th, 2009 MOSCOW - On July 14, 2009, Yan Yanovsky, Managing Director and Member of the Boards of Directors of United Industrial Corporation (OPK) and B.T. Ahn, Executive vice-president of Hyundai Heavy Industries (HHI) signed a cooperation agreement in the field of shipbuilding.

July 8th, 2009 MOSCOW - Alexander Ananenkov, vice-president of Gazprom PLC, announced that the company is considering the possibility to place an order for the construction of two tankers (to transport liquefied natural gas from Shtockmann gas-field) at Severnaya Verf plant, a part of United Industrial Corporation (OPK). According to Mr.

July 7th, 2009 MOSCOW - United Industrial Corporation (OPK) and Mitsui & Co., Ltd. signed and agreement on collaborative development of the Elegest coal-field in Tyva, one of the richest coalmines in the world, with a total reserve of approximately 900 million tons.

July 6th, 2009 MOSCOW - Modern Commercial Navy (MCN) PLC and United Industrial Corporation JSC have signed a cooperation agreement, anticipating the developmental work of technical and commercial operation factors of the construction of multifunctional supply icebreaker and also tankers for transportation of liquefied natural gas. The tankers' capacity total 75 000 mcubed.

June 14th, 2009 KUALA LUMPUR - Sumitomo Heavy Industries Marine & Engineering (SHI-ME) Co., Ltd., a wholly owned subsidiary of Sumitomo Heavy Industries Ltd., has successfully delivered the first ship yard designed using AVEVA Marine. SHI-ME is one of Japan's leading shipyards and has been building ships for over 110 years.

May 18th, 2009 MONTE CARLO - Three-Year Agreement Begins with World Championships in August in Berlin, Extends Through 2010 in Qatar and 2011 in South Korea Samsung Electronics and the International Association of Athletics Federations (IAAF) today announced a new three-year agreement, naming Samsung an Official IAAF Partner. Samsung is also appointed the IAAF's official equipment provider in the categories of Wireless Communications and Audio/TV/Video.

July 24th, 2009 Hyundai Heavy Q2 net profit tumbles 40 percentSEOUL, South Korea — Hyundai Heavy Industries Co., the world's largest shipbuilder, said Friday that second-quarter net profit tumbled 40 percent amid foreign exchange-related losses and weak earnings at subsidiaries. Hyundai Heavy said in a regulatory filing it earned 393 billion won ($315 million) in the three months ended June 30, down from net profit of 655.20 billion won a year earlier.

May 29th, 2009 Court upholds not guilty verdict in Samsung caseSEOUL, South Korea — South Korea's Supreme Court on Friday upheld a lower court ruling that acquitted the former chairman of Samsung Electronics on breach of trust charges and threw out guilty verdicts in a related case. The top court said that ex-Samsung chief Lee Kun-hee was not guilty, reiterating a judgment made by the Seoul High Court last year.

February 2nd, 2009 NEW DELHI - Kerala is eager to enter into tie-ups with central public sector undertakings (PSU) to strengthen and modernise the state's public sector, Industries and Commerce minister Elamaram Kareem said here Tuesday. Speaking after Kerala Electrical & Allied Engineering Company Ltd (KEL) signed a memorandum of understanding (MoU) with the state-owned Bharat Heavy Electricals Ltd (BHEL), Kareem said the state government's slogan was to 'modernise and strengthen' the PSUs.

August 14th, 2009 SEOUL - A Seoul court Friday found Samsung Group's former chairman Lee Kun Hee guilty of breach of trust over a bond deal and sentenced him to a suspended three-year prison term and a fine of 110 billion won ($89.2 million). The Seoul High Court ruled that Lee caused damage to a Samsung company because he betrayed his duty over illegal sales of bonds in 1999 by Samsung SDS, an unlisted technology company, aimed at passing control of Samsung to his son Lee Jae Yong.

August 1st, 2009 NEW DELHI - Yashwant S. Bhave on Saturday took over as the first Chairperson of the Airports Economic Regulatory Authority (AERA), which was recently constituted by Government for the economic regulation of the airport infrastructure sector.

August 1st, 2009 New Delhi, August 1(ANI): Yashwant S. Bhave on Saturday took over as the first Chairperson of the Airports Economic Regulatory Authority (AERA), which was recently constituted by Government for the economic regulation of the airport infrastructure sector.

June 5th, 2009 TORONTO - The Canadian province of Manitoba has signed an agreement with Punjab to set up a food development centre in the Indian state. Punjab Agriculture Minister Sucha Singh Langah, who is leading an eight-member delegation to the Canadian province, signed a memorandum of understanding Thursday with Manitoba's Agriculture Minister Rosann Wowchuk in Winnipeg.

July 13th, 2009 CHENNAI - The Tamil Nadu government is developing country-specific industrial parks to attract investments from business units located in those countries. According to the Industries Department policy note submitted by Deputy Chief Minister M.K.

August 14th, 2009 Court says ex-Samsung boss guilty over bond dealSEOUL, South Korea — A Seoul court ruled Friday that former Samsung Chairman Lee Kun-hee was guilty of breach of trust and handed him a suspended prison sentence in another legal blow to the South Korean tycoon. The Seoul High Court sentenced Lee to three years in prison and fined him 110 billion won ($89.2 million) but he won't go to jail if he stays out of trouble for five years.

February 2nd, 2009 NEW DELHI - Kerala is eager to enhance business ties with central public sector undertakings (PSU) to 'modernise and strengthen' the state's public sector, Industries and Commerce Minister Elamaram Kareem said here Tuesday. Speaking after Kerala Electrical & Allied Engineering Co.