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Boeing Co. (NYSE:BA) has reached an agreement with Avcorp Industries, through which a five-year contract extension was signed, for the former to supply the wheel wells for the Next-Generation 737 along with assemblies and components that support the Next-Generation 737, 747-8, 767, and 777. The value of the arrangement is around C$80 million over the term that starts in 2013. These parts and assemblies will be produced and delivered from Avcorp’s Delta, British Columbia facility.
Bank of America Corporation (NYSE:BAC): The Republican Party’s 2012 platform fails to endorse the mortgage interest tax deduction, according to a Bloomberg report.
Cisco Systems, Inc. (NASDAQ:CSCO) and Manila Electric Co., or Meralco, which is the largest distributor of electrical power in the Phillippines, are partnering on a holistic approach to supplying reliable computing and networking infrastructure as a foundation for operations on a smart grid. Expenditures in enterprise computing and smart grids will improve automation and intelligence at crucial points within the Meralco network, which will thus allow the company to achieve higher efficiency in utility operations and also to deliver better services to customers.
EI DuPont de Nemours & Co. (NYSE:DD) is among a group that opposes Proposition 37 in California, that upon approval would mandate labels on genetically modified food. The coalition has so far has collected $25 million from such corporate sponsors as The CocaCola Company (NYSE:KO), PepsiCo Inc. (NYSE:PEP), and Monsanto Company (NYSE:MON), according to The Los Angeles Times.
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