Companies / JVs / Partnerships

Chevron, Weyerhaeuser to develop fuels from non-food sources
Using food crops such as corn to produce fuel may not be such a good idea after all, as the contribution to pushing up the price of corn-based fuel would likely be greater than the contribution to reduce oil dependence or clean up the environment; two companies offer a way out
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Qinetiq in £951 million test and evaluation MoD contract
Good news for Qinetiq: the Ministry of Defense signed a £951 million contract with the company, part of a contract values at £5.6 billion over 25 years; company has already been paid £964 million for the 2003-9 period
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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
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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
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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questions were raised over the national security ramifications of the deal; Bain and Huawei Technologies have now withdrawn their application to CFIUS
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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
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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
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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
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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
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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
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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
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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
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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
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