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General Dynamics (GD)

General Dynamics Information Technology, a business unit of General Dynamics, has been awarded a contract for Constructive Training Systems support by the U.S. Army’s Program Executive Office for Simulation, Training and Instrumentation (PEO STRI). The total potential value of this single-award, five-year Indefinite Delivery/Indefinite Quantity (ID/IQ) contract is $387 million if all options are exercised. The initial award value is $56 million for the base year.
Under the contract, General Dynamics will provide technical, management and professional engineering support services for the procurement and fielding of Constructive Training Systems (CTS). Services to be performed consist of engineering, integration, exercise and experimentation support, gaming, materiel purchases, maintenance, supply support and post-fielding support to PEO STRI and the Project Manager for Constructive Simulations (PM ConSim). The work will be managed in the Orlando, Fla., area.

Feb 12 · 9:46:00 PM · Source: PR NewsWire
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by Michael Oliveto

3M Company (MMM)

3M, through its New Ventures business, has entered into a strategic relationship with MAMA Sustainable Incubation AG – a newly formed technology incubator specializing in the development of solutions for emerging green-markets such as renewable energy, sustainable architecture and water treatment, based in Berlin, Germany.
“This investment reflects both our long-standing commitment to environmental sustainability and our passion for innovation,” said Stefan Gabriel, president, 3M New Ventures. “With 3M’s support, MAMA will seek, explore and develop early-stage innovations to enable scalable solutions to the world’s sustainability challenges.”

Feb 12 · 9:39:00 PM · Source: Company Press Release
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by Michael Oliveto

GE (GE)

GE Capital, Corporate Finance today announced it is co-collateral agent for a $300 million asset-based credit facility for Kehe Food Distributors, a leading U.S. distributor of natural and specialty food products. The loan will be used to support the company’s acquisition strategy.
“GE made a significant financial commitment to support our strategic objectives,” said Chris Meyers, CFO of Kehe Food Distributors. “We appreciate working with a lender who is responsive and understands the unique aspects of our business and industry.”

Feb 12 · 9:37:00 PM · Source: Company Press Release
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by Michael Oliveto

GE (GE)

GE declared a regular quarterly dividend in the amount of $.10 per share payable April 26, 2010 to shareholders of record on March 1, 2010. The ex-dividend date is February 25, 2010.
GE is an S&P Dividend Aristocrat. At today''s $15.55 stock price the dividend yield is 2.57%.

Feb 12 · 9:32:00 PM
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by Michael Oliveto

Burlington Northern Santa Fe (BNI)

Burlington Northern announced that all shareholders voted overwhelmingly in favor of the Company's acquisition by Berkshire Hathaway Inc.
The merger is expected to close on February 12.

Feb 12 · 12:56:00 PM · Source: Reuters
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by Michael Oliveto

United Technologies (UTX)

Pratt & Whitney Rocketdyne today helped boost into orbit the first mission in NASA's "Living With a Star" program to explore more about how the sun affects life on Earth. The Solar Dynamics Observatory mission was launched from Cape Canaveral Air Force Station, FL, by a United Launch Alliance Atlas V rocket.
The Atlas V is powered by the RD AMROSS RD-180 booster engine and a Pratt & Whitney Rocketdyne RL10 upper-stage engine. Pratt & Whitney Rocketdyne is a unit of United Technologies.

Feb 12 · 12:53:00 PM · Source: Reuters
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by Michael Oliveto

GE (GE)

GE, the biggest maker of wind turbines in the U.S., filed a new patent infringement lawsuit against Mitsubishi Heavy Industries Ltd. and plans to appeal an earlier case it lost.
The new complaint, filed in federal court in Dallas, claims Mitsubishi Heavy infringes two patents. One is related to the base frame supporting the weight of the rotor and the other covers a way to keep the turbine connected to the electricity grid even when the voltage drops. GE seeks a court order to block further use of its inventions, plus cash compensation.

Feb 12 · 12:44:00 PM · Source: Business Week
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by Michael Oliveto

Caterpillar (CAT)

Caterpillar Inc. announced that United Against Nuclear Iran (UANI) renewed its call for Caterpillar to end its business in Iran.
The Office of Foreign Assets Control (OFAC) at the U.S. Department of Treasury yesterday announced that it was taking action to implement existing sanctions against Iran's Islamic Revolutionary Guard Corps (IRGC).

Feb 12 · 12:41:00 PM · Source: Reuters
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by Michael Oliveto

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