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The Large Area Telescope (LAT), one of the two instruments on the Fermi Gamma-ray Space Telescope, has observed a bright gamma-ray flare from a source positionally consistent with the flat spectrum radio quasar, source, 87GB 073840.5+545138 = BZU J0742+5444 (RA: 07h42m39.8s, Dec: +54d44m25s, J2000, A. J. Beasley et al. 2002, ApJS, 141, 13; ) with z=0.72 , B. Punsly 1999, ApJ, 51, 141(J. Halpern et al. 2003, AJ, 125, 572).
Preliminary analysis indicates that on February 26, 2011 the source was in a high state with a gamma-ray flux (E>100MeV) of (1.2+/-0.3) x 10^-6 ph cm^-2 s^-1 (errors is statistical only). This value represent an increase of a factor of ~20 with respect to the flux reported in the 1FGL catalog (Abdo et al. 2010, ApJS, 188, 405), which reports the average flux from August 2008 through June 2009.
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