The Ticker

Plymouth firm lands drone testing contract

Plymouth-based Avwatch Inc. will operate and manage unmanned aircraft system test ranges on Cape Cod and at other Bay State sites as part of a regional testing network selected by the Federal Aviation Administration in 2013.

MassDevelopment yesterday announced Avwatch's selection to oversee operations at the 22,000-acre Joint Base Cape Cod, delivering aerial reconnaissance, real-time, full-motion video and aerial systems testing and evaluation. Avwatch was founded in 2008.

The one-year contract is valued at $220,000, with $114,000 of that going toward building out a network to gather and transmit the test information to the FAA, according to MassDevelopment, which said the test ranges and center will offer new business opportunities in the areas of unmanned aircraft system platforms, control systems and payload/sensor development. Griffiss International Airport in Rome, N.Y., is the lead site in the Northeast UAS Airspace Integration Research (NUAIR) Alliance.

Merrill Lynch hit with $2.5M fine

State securities officials have ordered a $2.5 million fine against Merrill Lynch as part of a settlement stemming from an investigation into a January 2013 internal presentation to Merrill financial advisers in Boston. According to Secretary of State William Galvin's office, which oversees the state securities division, a portion of the two-day presentation to more than 300 people touched on training to double production by transferring customer assets from commission-based brokerage accounts to fee-based alternatives, but did not include language regarding client suitability or fiduciary requirements of Merrill Lynch financial advisers.

TODAY

• Labor Deptartment releases Consumer Price Index for February.
• Treasury releases foreign holdings of U.S. debt for January.
• Commerce Department releases new home sales for February.

TOMORROW

• Commerce Department releases durable goods for February.
• A former executive at Liberty Mutual Insurance and Hanover Insurance has been named executive director of the Massachusetts Insurance Federation. John P. Murphy will succeed James Harrington, whom he called his "longtime friend and mentor."

The federation's 25 members write more than 
$7.5 billion in property and casualty insurance premiums in Massachusetts.

Murphy, of West Roxbury, has been president of the National Association of Mutual Insurance Companies since August 2012 and was regional vice president of the American Insurance Association from October 2005 until December 2010.

In 2011 and 2012, he worked as vice president and counsel at Hanover Insurance Co., which is based in Worcester. From 1987 until 2003, Murphy was assistance vice president and senior legislative counsel at Liberty Mutual in Boston.

He is also engaged in a civil law practice with Thaxter, Beckwith & Henderson of Cohasset and Stief, Waite, Gross & Sagoskin of Newton, Pa.

Anda sedang membaca artikel tentang

The Ticker

Dengan url

http://sedangapasaja.blogspot.com/2015/03/the-ticker_24.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

The Ticker

namun jangan lupa untuk meletakkan link

The Ticker

sebagai sumbernya