Aerospace Group:

Briefing

Defense Daily Staff

Wednesday, June 6th, 2012

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Valley Forge Composite Technologies [VLYF] says it has an agreement in principle with a private U.S. based company that is negotiating an agreement with a Latin American government for the first commercial development, delivery and maintenance of a THOR LVX photonuclear detection system, which would be used to screen cargo entering the country. Valley Forge says the agreement is worth $5 million. Under the deal terms, which are in effect for five-years, the company will receive an initial payment for…

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