General Electric Company’s (NYSE:GE) GE Aviation has won a contract worth nearly $9 million, which supports surveillance systems such as the United States Marine Corps Ground-Based Operation Surveillance System program. The terms include lab testing assets, integration, the inertial reference unit, repairs and engineering support for the program. The work will be accomplished at GE’s facility in Grand Rapids, with deliveries beginning in 2012 and ending in the third quarter of 2017.
Intel Corporation (NASDAQ:INTC) has named Integrated Device Technology, Inc. (NASDAQ:IDTI) to develop an integrated transmitter and receiver chipset for its wireless charging tech based on resonance technology. Wireless charging ICs by Integrated Device will allow industry-leading size and cost reduction, while at the same time simplifying product development and integration. Both Intel and IDT, intend to provide validated reference designs that are targeted for deployment in smartphones, all-in-one PCs, Ultrabooks, and standalone chargers.
JPMorgan Chase & Co. (NYSE:JPM): A shortage of loanable funds is plaguing several companies in Southern Europe, as Eurozone lending if off 43 percent from this time a year ago, and has fallen by 68 percent in five years, says Dealogic. This deficit is sending the companies all over the world to seek funding, as their local banks pull back; the United States and parts of Latin America are currently areas in which the cash may be found, according to the Wall Street Journal.
Microsoft Corporation (NASDAQ:MSFT) just might be the other winner as the turmoil sorts out after Apple’s (NASDAQ:AAPL) patent suit victory. The only problem is that consumers need to be convinced that they actually want what Microsoft is selling, according to the Wall Street Journal.
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