Alliant Tech Systems announced Monday that it received $372 million in orders from the U.S. Army Contracting Command in Rock Island, Ill., to be produced at the Lake City Army Ammunition Plant in Independence.
This is the first significant order for the plant this year. The plant is in the second year of a four-year contract to produce 5.56mm, 7.62mm and .50-caliber ammunition for the U.S. Army.
France-based Areva, best known for its work in nuclear power, said on Monday it has acquired concentrating solar-power start-up Ausra for an undisclosed price. The acquisition will expand Areva’s business interests ... Read More
President Obama moved on Wednesday to bolster the nation’s production of corn-based ethanol and other alternative liquid fuels and ordered the rapid development of technology to capture carbon dioxide emissions from ... Read More
Health Grades Inc., an independent health rating firm, awarded its Distinguished Hospitals for Clinical Excellence Award for 2010 to six Missouri hospitals. The Missouri hospitals on the list are: Boone Hospital ... Read More
Broadcom Corp. made it official Wednesday (Feb 3) it is spending $123 million to acquire startup Teknovus Inc. (Petaluma, Calif.) for its Ethernet passive optical networking technology chipsets and software. “Today ... Read More
South Korea’s top automaker Hyundai Motor said on Feb. 3 that its U.S. sales jumped by almost a quarter last month, as Japanese rival Toyota grappled with a massive recall. Hyundai ... Read More
Bayer MaterialScience announced last week that he has opened the world’s larger pilot facility for manufacture of carbon nanotubes at CHEMPARK Leverkusen in Germany. “Current forecasts predict an annual growth rate ... Read More
The U.S. Food and Drug Administration on Tuesday approved Auxilium Pharmaceuticals Inc.’s Xiaflex injection to treat a hand disease that causes “bent” fingers. Xiaflex is designed to treat Dupuytren’s disease, a ... Read More
IBM said Wednesday that it has agreed to buy Initiate Systems, a privately held company that makes software designed to help health care companies manage and share information. Initiate’s software is ... Read More
Smith Electric Vehicles and Proton Power Systems have signed a memorandum of understanding to develop long-range electric service trucks. The partnership will allow Smith Electric to install Proton Power’s fuel cell ... Read More
Colorado’s Global Med Technologies Inc., a medical-information technology company, has agreed to be bought by Haemonetics Corp. in a deal worth $60 million for shareholders. Braintree, Mass.-based Haemonetics has offered to ... Read More