Navy revises Littoral Combat Ship plans, set to pick only 1 contractor to build fleetWASHINGTON — The Navy said Wednesday it will select either Lockheed Martin Corp. or General Dynamics Corp., but not both, to build a fleet of small, speedy Littoral Combat Ships. Northrop Grumman Chairman, CEO Ronald Sugar retiring; Wes Bush to replace him effective Jan. 1WASHINGTON — Northrop Grumman Corp. said Wednesday Ronald Sugar will step down as chairman and CEO at the end of the year, ahead of his retirement in June 2010. New federal program provides subsidy to suppliers of Upper Peninsula biomass electric plantTRAVERSE CITY, Mich. — Suppliers of wood fuel for a biomass electric plant in Michigan’s Upper Peninsula will get a federal subsidy under an agreement signed Wednesday. Judges in US, Canada approve bankruptcy sale of Nortel business systems unitWILMINGTON, Del. — Nortel Networks Inc. won approval Wednesday from judges in Delaware and Ontario for the $900 million sale of a Nortel unit that makes communications systems for businesses. Mont. officials seek to assure residents about jail contract with security companyHARDIN, Mont. — The vice president of Hardin’s economic development agency is trying to assure residents that its contract with a California company to operate and expand a private jail is legitimate. Economic development officials in Montana seek to assure residents about jail contractHARDIN, Mont. — Officials are trying to assure residents that a contract with a California company to operate a private jail in the small town of Hardin is legitimate. Corps of Engineers gives contract to Tetra Tech, URS and a URS-Brown & Caldwell joint venturePASEDENA, Calif. — The Army Corps of Engineers awarded a contract, with a top value of $38 million, for civil projects and military planning in various Western states to three companies, Tetra Tech Inc. said Wednesday. Gates restores Air Force authority to pick winner in troubled $35 billion tanker competitionWASHINGTON — Defense Secretary Robert Gates on Wednesday restored the Air Force’s authority to select the winner of a $35 billion contract for aerial refueling tankers between Boeing Co. and Northrop Grumman Corp. Top Senate negotiator to move ahead on health care without bipartisan agreementWASHINGTON — The Senate’s top health care negotiator says he’s moving ahead on health care legislation without the bipartisan agreement he’d hoped for. Senate Finance Committee Chairman Max Baucus said late Tuesday he’ll unveil a formal proposal on Wednesday, and move to committee deliberations next week. The Montana Democrat had spent months negotiating behind closed doors with a small group of senators trying to reach an elusive bipartisan deal. SAIC gets Navy contract worth up to $18 million for upgraded communication systemSAN DIEGO — Science Applications International Corp. said Tuesday it received a contract worth up to $18 million from Space and Naval Warfare Systems Command for an upgraded communication system. Obama’s health care prescription cause difficulties for congressional DemocratsWASHINGTON — Caught off guard, congressional Democrats are grappling with President Barack Obama’s unexpected call for immediate access to insurance for those with pre-existing medical conditions, as well as richer Medicare drug benefits than envisioned in early versions of health care legislation. Analyst sees higher earnings, less risk in KBR’s Gorgon project despite smaller contractHARTFORD, Conn. — A $2.33 billion energy contract that KBR Inc. announced Monday is less than investors expected, but will still add to the engineering and construction company’s earnings, an analyst said Tuesday. Russia warns it will detain Georgian ships in Abkhazian watersMOSCOW — Russia heightened tensions with Georgia Tuesday by warning that it will detain Georgian ships entering the territorial waters of Abkhazia, a breakaway province allied with Moscow, news agencies reported. Flir Systems gets $15.4 million Army deal for kits for UH-60 Black Hawk helicoptersWASHINGTON — Flir Systems Inc. recently received a $15.4 million contract from the Army for kits for a multi-sensor infrared surveillance system for the UH-60 Black Hawk helicopters, the Pentagon said late Monday. Northrop Grumman unit wins part of US Navy contract worth as much as $455 millionVIRGINIA BEACH, Va. — Northrop Grumman Corp. said Monday its AMSEC subsidiary won a part of a five-year contract worth a total value of $455 million. Oshkosh gets $189.1 million Army deal for latest mine-resistant, ambush-protected vehiclesWASHINGTON — Oshkosh Corp. recently received a $189.1 million contract from the Army to buy additional mine-resistant, ambush-protected vehicles, and related items, the Pentagon said late Monday. Lockheed Martin gets $111.5 million deal from Army for 1,152 guided rocket systemsWASHINGTON — Lockheed Martin Corp. recently received a $111.5 million contract from the Army for 1,152 guided multiple launch rocket systems, the Pentagon said late Monday. Court rules against Universal Music Group in suit against online video site VeohLOS ANGELES — A federal judge in Los Angeles has ruled against Universal Music Group in a copyright lawsuit against online video site operator Veoh Networks Inc., although Universal says it will appeal. Newspaper publisher Triple Crown Media files for bankruptcyDOVER, Del. — Triple Crown Media Inc., which owns daily and weekly newspapers in Georgia, on Monday became at least the 11th newspaper publisher to seek bankruptcy protection over the past year. AP ENTERPRISE: Questions emerge about company promising to bring inmates to small Montana townBILLINGS, Mont. — The Two Rivers Detention Center was promoted as the largest economic development project in decades in the small town of Hardin when the jail was built two years ago. But it has been vacant ever since. Chavez: Venezuela expecting delivery of rockets from Russia after signing military agreementsCARACAS, Venezuela — Venezuelan President Hugo Chavez says he has signed military agreements with Russia and is soon expecting the arrival of some “little rockets.” Wells Fargo downgrades AIG, says ‘no tangible book value’; 2nd cut this week after Aug rallyNEW YORK — Wells Fargo Securities downgraded American International Group. Inc. to its lowest rating Friday, saying the insurer has “virtually no tangible book value at the moment” and the recent volatility in its shares, including a huge rally in August, is a mystery. North Korea withdraws demand for hefty wage hike at joint industrial park with South KoreaSEOUL, South Korea — North Korea withdrew its demand for a hefty wage hike for its workers at a joint industrial complex with South Korea, the latest conciliatory gesture that could help revive reconciliation on the divided peninsula. SAIC wins US Marine Corps contract worth more than $120M to fight IEDsSAN DIEGO — SAIC Inc. said Thursday it has won a contract from the U.S. Marine Corp. potentially worth more than $120 million over five years for work to combat improvised explosion devices, or so-called IEDs. PerkinElmer receives contract valued at $15 million-plus for work on GPS satellite programSALEM, Mass. — Industrial sciences company PerkinElmer Inc. said Thursday it received a contract valued at more than $15 million from ITT Corp.’s space systems division to support a next-generation satellite program. Chevron Australia signs natural gas deals worth $60 billion with South Korea, JapanSYDNEY — Energy giant Chevron signed deals worth 70 billion Australian dollars ($60 billion) to supply liquefied natural gas to Japan and South Korea, Australia’s prime minister said Thursday. Chavez visit to Russia expected to focus on energy, weapons dealsMOSCOW — Venezuelan President Hugo Chavez is set to arrive in Russia on Wednesday on a visit expected to focus on energy issues and military cooperation. Israel-Europe relations strained under rightist Netanyahu government, but ties still strongJERUSALEM — A nasty diplomatic row with Sweden, Norway’s decision to divest from an Israeli defense contractor and rising European condemnation of Israeli settlements point to growing friction in the Jewish state’s already tricky relationship with Europe. Investigators scour bank records in continuing hunt for corruption in Iraq’s costly rebuildingWASHINGTON — Federal investigators are searching for suspicious transactions in the personal bank records of a retired Army colonel who ran the contracting office in Baghdad during the early stages of Iraq’s $125 billion reconstruction. Ford Canada begins preliminary contract talks with Canadian Auto WorkersTORONTO — Ford Motor Co.’s Canadian division and the Canadian Auto Workers union began labor talks on Tuesday after the union made substantial concessions to both General Motors and Chrysler earlier this year. |
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