New Hampshire Business Review - October 13 2006

Defense and aerospace company BAE Systems has received a $95.6 million funding increment from the U.S. Army for BAE’s Common Missile Warning System, which will be used to protect aircraft from heat-seeking missiles. The transaction is part of a five-year…

A Texas-based low-cost health insurer, under fire from the Massachusetts attorney general’s office, is now being scrutinized by the New Hampshire Insurance Department. Massachusetts Attorney General Thomas F. Reilly filed suit Oct. 23 in Suffolk County Superior Court, alleging that…

Global Relief Technologies of Portsmouth has been retained by the Department of Defense to help track the occurrence of avian flu in Southeast Asia and the Pacific Rim. Under a $3.5 million contract, GRT will provide Marine Corps field crews…

The city of Rochester is the latest municipality to be named an official Main Street community by the New Hampshire Main Street Center. Named on Wednesday during the center’s annual Downtown Conference, the city will now “become part of a…

Former Enterasys Networks auditors, who will be testifying against the top executives of the company they once worked for, might themselves once have been targets of a federal fraud investigation, charge the attorneys for the executives in a last-minute and…

Environmental Power Corporation announced Tuesday that it would privately place convertible preferred stocks and warrants to purchase $15 million in common stock, issuing 281,241 units. Each unit in the Portsmouth-based developer of renewable energy production facilities will consist of one…

Sturm Ruger & Company has reported that third-quarter net sales were $41.6 million and net income was $1 million, or 4 cents a share, up from the same period last year. In 2005, net sales for the third quarter were…

Verizon Wireless announced Oct. 20 that it has installed a new cell site in Peterborough, increasing the coverage along Routes 101, 202, 123 and surrounding areas. The company said the network expansion is part of its $300 million network investment…

Bottomline Technologies CEO Joe Mullen received a compensation package worth $1.89 million last fiscal year -- at least at the time he received it -- according to the Portsmouth payment software company’s proxy released on October 19. That’s because most…

New Hampshire may have more salmon in its rivers and more students versed in the care and preservation of the state’s waterways, thanks to a $39,000 grant recently awarded to Amoskeag Fishways by the Environmental Protection Agency. During an Oct.…