May 24, 2011, post by Artur Nowak
NEW YORK – L-3 Communications Holdings Inc. said Monday it received $300 million in five-year contracts from the Navy and Air Force to provide contractor logistics support for C-12 aircraft.

The initial contract is worth $32.9 million. L-3′s systems field support division will provide the services.
Shares of the company lost 77 cents to close Monday at $82.76.
Read more: www.cnbc.com
Mar 15, 2011, post by Artur Nowak
XG Technology Inc., the local company attempting to crack the commercial cell phone market with its radio communication technology, has added its new chief executive and a telecommunications expert to its board of directors.

The move comes days after xG said shareholders had consented to a waiver of a mandatory take-over provision in connection with a loan from MB Technology Holdings LLC. The loan is now convertible, at MB’s option, into new shares of xG’s stock.
Read more: www.heraldtribune.com