CHEN MAY YEE
Alliant wins missile production contractAlliant Techsystems Inc. of Eden Prairie has received a naval production contract for new high-tech missiles that can find enemy targets even when all radar systems are shut down or blocked. The contract for more than 1,700 of the AGM-88E advanced anti-radiation guided missiles (AARGM) comes after months of test launches and compliance demonstrations and is estimated to be worth several hundred million dollars, spokesman Brian Grace said. When fielded in 2010, the extended-range, supersonic missile will be the only weapon of its kind in the U.S. and Italian armed forces, officials said.
DEE DePASS
Ameriprise seeks tapes of Reserve callsWealth management firm Ameriprise Financial Inc. asked a court for tapes of calls made by Reserve Primary Fund salespeople the day the fund fell below $1. The request to the U.S. District Court in Minneapolis to lift its protective order for the transcripts is part of a lawsuit Ameriprise filed against Reserve Management Co., which controls the fund, over claims it tipped off other clients about immediate risks it faced, the filing said. Ameriprise sued New York-based Reserve on Sept. 19, claiming the fund selectively warned some investors that it had "material exposure" to securities of Lehman Brothers Holdings Inc. before Lehman's bankruptcy filing.
BLOOMBERG NEWS
As you read this blog entry, angel investors and start-ups are flocking to Madison, Wisconsin for the annual Wisconsin Early Stage Symposium and the Mid West Health Care Venture forum.
Comment on this story | Be the first to comment | Hide reader comments