Electronics, Inc. is a Delaware incorporated company, working in
aviation, defense, and marine industries.
The Company listed
on the OTCBB
under the symbol NEIK in 2000 and is currently trading on OTC
has a long history of developing and manufacturing defense
and commercial electronic and mechanical systems.
The company is
being restructured to go forward with a renewed focus on the
development of a new aviation business
and carry out work to
innovative sonar systems. In addition to a small number of
new business model utilizes outside
associates to ensure that we have world class talent working on
operations in the late 1990’s by developing an innovative
underwater sonar system for the international commercial
industry. Shortly after, in 2000, the Company was awarded a
contract from Lockheed Martin MS2 for the assembly of Command
Control consoles for the Canadian Navy’s submarines. This
followed by Northstar being invited to be a junior partner on
Martin’s team for the pursuit of a $3.2B military helicopter
contract. This venture opened new relationships for Northstar
Martin then contracted Northstar to develop and build the
portion of an anti-terrorism sonar system,
designed to protect
carriers and other ships of the US Navy from terrorist diver
This was a major effort
and Northstar successfully
the work in the required short timeframe.
Martin subsequently awarded Northstar the first of two contracts,
together worth approximately $16M,
to manufacture a number of
mechanical parts for C130 (Hercules) aircraft that were being
Also, a subsidiary of L3 Communications awarded
Northstar a contract, which grew to about $4M, to manufacture
and Control consoles for navy frigates. Northstar’s revenues
reached over $4M in 2009.
over the past year have been aimed at turning Northstar
around and injecting new energy into it.
We are now working to
into aviation manufacturing and distribution.
Northstar Electronics’ subsidiary, Northstar Sealand Enterprises Ltd. (NSEL) , has been working towards
an agreement with an aerospace company to authorize Northstar Sealand Enterprises Ltd. to start to assemble,
certify, manufacture, service, repair, and market a new version of a turboprop single engine airplane for
the World marketplace. (The market area has been expanded to global scale, which should add considerably
to NSEL's sales potential.)
The airplane is used in multi-purpose commercial applications in a growing market.
We are continuing our market research and planning new sales strategies to generate orders from
the larger new markets. Letters of expression of interest in the new aircraft have been received from
We are planning flight demonstrations for next year, with first deliveries expected in late fall.
Once we achieve our objectives, we believe that
our share price will respond favorably and that it could reach
reasonable and stable price range.
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