Top News Links: Tuesday, March 5

Austal LCS contract moves ahead

The U.S. Department of Defense announced $682 million for Austal USA and $697 for Lockheed Martin for continuing work under contracts to build the Navy's new littoral combat ships; Austal USA work is being performed in Mobile. —

Two Huntsville firms chosen for NASA work

NASA has awarded engineering contracts for the Marshall Space Flight Center to Huntsville firms Radiance Technologies and Teledyne Brown and to a Houston firm, Wyle Laboratories. —

Angel network aids five start-ups

Central Alabama Angel Network invested some $425, 000 in start-up businesses in its first year, but only one of the five start-ups it funded is in Alabama — VIPAAR, based in Birmingham. — Birmingham Business Journal

Wright Brothers memorabilia headed South?

A Dayton, Ohio, collector who has built a teaching museum of Wright Brothers artifacts, says he may be moving the collection to Alabama, where the flying innovators had their first flight school, if the brothers' home town doesn't want to help him build a suitable museum. — Dayton Business Journal

Pfizer settles Chantix suits

Pfizer, the nation's largest drug maker, says in its annual report that it is settling outstanding suits against its stop-smoking drug Chantix for $273 million; cases were slated to be heard in federal court in the Northern District of Alabama. — Thomson Reuters

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Birmingham investors buy Texas medical building

Sanders Trust, a real estate investment firm based in Birmingham, has purchased the Kyle Medical Plaza in Kyle, Texas, which houses a free-standing surgery center; price reported at $13 million. — Austin Business Journal

Colonial Properties buys Orlando apartment complex

Birmingham-based Colonial Properties Trust has purchased a 280-unit apartment complex in Orlando, Grand at Windermere, for $43 million.  — Colonial Properties PR

Compiled by staff

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