Business News

LaBarge Inc. has won a contract from Parker Aerospace’s electronic systems division to provide printed circuit card assemblies for a variety of aircraft programs.

LaBarge estimates the value of the award at $5 million a year.

The assemblies will be used in the Boeing C-17 military transport aircraft, the Airbus A350 passenger airliner and the Lockheed Martin F-35 Lightning II Joint Strike Fighter. Production is taking place at LaBarge’s Tulsa, Okla., facility.

[St. Louis Post Dispatch]

Gov. Nixon announces creation of 800 new high-tech jobs in Columbia

Gov. Jay Nixon today took part in the official announcement that global technology innovator IBM will locate a new services delivery center in Columbia, a project that will create 800 new ... Read More

Phycal to open algae lab at Danforth’s BRDG Park

Phycal LLC has leased 2,800 square feet for an algae biotechnology laboratory at the BioResearch and Development Growth Park (BRDG) at the Danforth Plant Science Center. Phycal, led by President and ... Read More

Missouri metros’ economies among the strongest

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Merck to seek new drug approvals

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Genetic tests that assess a person’s risk of getting various diseases are heading to the corner drug store. Pathway Genomics, a start-up company, is expected to announce on Tuesday that it ... Read More

Samsung to spend $20 billion on green energy, health

Samsung said on May 11 that it plans to invest $20 billion in healthcare and green energy until 2020 in a move it says could provide thousands of new jobs. Among ... Read More

Intuit to buy health care firm Medfusion

Best known for its Quicken software, Intuit is moving further into the health care market through a new acquisition. Intuit announced Tuesday that it will pay $91 million in cash to ... Read More

Red Wing Shoe gets $261K grant to expand, add 42 jobs

Red Wing Shoe Co. has received a $261,270 grant to expand its Potosi plant and add 42 new full-time jobs within two years. The Industrial Infrastructure grant, made through the Community ... Read More

Vedanta to buy Anglo American zinc assets

Vedanta Resources PLC said Monday it has acquired the zinc assets of Anglo American PLC, creating the world’s largest zinc and lead producer. The deal, valued at $1.34 billion, follows Anglo’s ... Read More

Oshkosh gets $410M military truck deal

The defense arm of Oshkosh Corp. has received a Pentagon order for more than 2,600 military trucks, in a deal worth more than $410 million. Oshkosh Defense said Monday the vehicles ... Read More