Boeing Co. won a long-sought decision by the Navy to keep buying its F/A-18 Super Hornet for several years after the company knocked 10% off the fighter jet’s price, saving the Pentagon about $590 million.
The Navy told members of Congress Friday that the $5.4-billion contract for 124 Super Hornets and the electronic warfare version of the aircraft, called the E/A-18 Growler, would run for three years.
Experiments by scientists at the Pentagon’s Defense Advanced Research Projects Agency (DARPA) are moving forward quickly and could be producing jet fuel from algae at competitive prices by next year, the ... Read More
Delta Dental of Missouri has acquired Advantica EyeCare, a Clearwater, Fla.-based vision benefits provider with 2.4 million members nationwide and annual revenue in excess of $46 million. Financial terms weren’t closed. ... Read More
AstraZeneca waded into the competitive rheumatoid arthritis market on Tuesday by buying rights to Rigel Pharmaceuticals‘ next-generation drug R788 for up to $1.245 billion, Reuters reported. The deal is a big ... Read More
Norwegian fertilizer company Yara International ASA said Monday it has agreed to acquire U.S. competitor Terra Industries Inc. for $4.1 billion. Yara said it would pay $41.10 per share of Terra ... Read More
Mitsubishi Heavy Industries Ltd said on Monday it is considering building a wind turbine plant in the United States, and will a make final decision after seeing how demand recovers. Mitsubishi ... Read More
Kia announced on Feb. 10 its plans to introduce its first hybrid vehicle to the U.S. “It will be here before the end of the year and will be available to ... Read More
An inhaled mental health drug could appear on the market in the near future under a collaboration announced Wednesday by Biovail Corp. and Alexza Pharmaceuticals. Biovail subsidiary Biovail Labs International SRL ... Read More
U.S. solar-panel manufacturer SunPower has signed an agreement to acquire SunRay Renewable Energy and its existing solar projects for $277 million, both companies announced Thursday. The maker of high-efficiency solar panels ... Read More
Micron Technology announced late Tuesday that it was acquiring Numonyx Holdings in an all-stock deal worth about $1.27 billion, a move that may help it challenge Samsung and Toshiba. Numonyx, formed ... Read More
LaBarge Inc. has landed contracts valued at $1 million from London-based BAE Systems to make circuit card assemblies for missile warning systems. LaBarge Inc. has landed contracts valued at $1 million ... Read More