• Europe's Northrop Grumman/EADS group wins $35 billion aircraft deal

    A big loss for Boeing, as its European rivals win a $35 billion U.S. Air Force tanker deal; Boeing may have paid the price for the tanker contract it had in 2003, but which was annulled after revelations of procurement fraud; Boeing paid a record $615 million settlement to the government

  • Bankrupt Pay By Touch to auction off its assets

    Pay by Touch came to market with a big splash; its system was installed in more than 700 U.S. retail locations; its biometrics and personalized marketing businesses, however, lost $137 million last year on only $600,000 in revenue; it sought buyers, but there were no satisfactory offers, so it is planning to auction off its assets

  • Bain's effort to acquire 3Com on verge of collapse

    Bain Capital and a Chinese partner wanted to buy 3Com for $2.2 billion; 3Com’s TippingPoint unit sells security software used by U.S. government agencies, and persistent questions were raised over the national security ramifications of the deal; Bain and Huawei Technologies have now withdrawn their application to CFIUS

  • Aussie company in $20 million wave energy project for Maui

    Australian specialist in wave energy to build three platforms off the coast of Maui; project aims to provide up to 2.7 megawatts

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  • Australian biometrics software developer finds success in U.K.

    Aussie biometric company finds success in the United Kingdom, with recent order from Wales bringing to company’s U.K. orders to more than $1 million; company still awaits similar recognition at home in Australia

  • Lockheed Martin wins FBI database contract

    Lockheed Martin built and maintains the FBI’s current ten-fingerprint database, so it was expected to win the contract for the agency’s new database — and it did; contract potential value is $1 billion

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  • World’s first commercial-scale tidal stream

    The tidal farm scheme would be capable of generating 10.5 MW of power drawn entirely from the sea’s major tidal currents; project will be built off the north-west coast of Anglesey, north Wales

  • Spain to explore oil reserves on its east coast

    Spanish oil company signs up a leading Norwegian engineering company to do infrastructure work for to oil exploration projects off the east coast of Spain

  • airBaltic selects cockpit security from AD Aerospace

    One key security upgrade which resulted from the 9/11 attacks has been the installation of impregnable cockpit doors; locked doors means that the pilots need other means to monitor area right outside the cockpit — and airBaltic chooses AD Aerospace’s gear for that

  • Magal Security Systems receives $45 million in contracts

    Israeli smart-fencing company receives contracts from several U.S. critical infrastructure operators; recent developments along the Gaza-Stip-Egypt border offer Magal new opportunities

  • Intel No.1 on EPA Green Power Partner list

    Intel will purchase more than 1.3 billion kilowatt hours a year of renewable energy certificates; company said it hoped the record-setting purchase would help stimulate the market for green power

  • American Superconductor's New York grid work moves forward

    Massachusetts-based American Superconductor signed a contract to to develop and install new electrical power-grid technology in New York City which would enable Con Edison better to handle power surges and interruptions caused by accidents, weather or terrorist attacks; after government agencies’ squabble, and congressional examination of the contract, DHS tells company to go forward

  • Invenergy, GE Energy in $1 billion wind turbine deal

    Since 2004, GE’s wind turbine business has grown 500 percent, with its wind business revenues exceeding $4 billion in 2007; half of all wind turbines sold in the United States since 2005 were manufactured by GE

  • John Stroia joins SIA board

    Stroia, a sixteen-year veteran at Diebold, now leads the company’s government security sales organization and event monitoring team; SIA, a 300-member strong trade association, represents electronic and physical security product manufacturers, standard specifiers, and service providers

  • Two Florida companies see their stock prices increase 35% in 2007

    Melbourne, Florida, is home to two security companies: Communication manufacturer Harris and biometrics specialist Authentec; both companies saw the price of their stock increase by more than 35% in 2007