New Hampshire Business Newsreel
February 24. 2014 5:32PM
Air Force extends BAE contract
NASHUA — The U.S. Air Force Space Command has awarded BAE Systems a three-year contract extension to continue maintaining space radars used for missile warning and space surveillance.
The award is a continuation of work that BAE has been performing for the program since 2007, and raises the cumulative value of the contract to approximately $540 million.
The complex network of radars tracks more than 16,000 objects orbiting Earth, including various man-made objects in space, such as active or inactive satellites, rocket parts and other debris.
The system also tracks objects that may enter the atmosphere — information used in air missile defense operations and to protecting against submarine-launched ballistic missiles.
It is capable of conducting about 40,000 space observations daily from locations at Cape Cod Air Force Station in Massachusetts, Beale Air Force Base in California, Clear Air Force Station in Alaska, Thule Air Base in Greenland and the Royal Air Force Fylingdales in the United Kingdom.
Lodging executive index down slightly
DURHAM — A barometer of the state's lodging and tourism industry, maintained by the University of New Hampshire, declined slightly from December to January.
The UNH Lodging Executives Sentiment Index (LESI) for the period ending January 2014 dropped to 76.9 from 80.8 in December 2013.
"There appears to be concern surrounding corporate travel business, with questions on the Asian business climate," said Nelson Barber, associate professor of hospitality management, who manages the index.
Sixty-two percent of lodging executives indicated current business conditions were good, a decrease from 77 percent last period, while 23 percent indicated conditions were normal, up from 15 percent during the previous period. During the current period, 15 percent of executives indicated present conditions were bad, an increase from last period when 8 percent of executives had such concern.
Managed by the Department of Hospitality Management at the UNH Peter T. Paul College of Business and Economics, LESI is based on a monthly survey of lodging executives representing companies with more than 2.5 million hotel rooms across lodging segments and geographic regions of the United States — more than 55 percent of all U.S. rooms.
BurstPoint CEO named to council
MERRIMACK — Patrick Clark, president and CEO of BurstPoint Networks in Merrimack, has been named by Gov. Maggie Hassan to serve on the state's Economic Development Advisory Council, with a three-year term that began on Feb. 7.
BurstPoint offers high-definition video conference recording, streaming and content management for enterprise and cloud service providers.
Over the past few decades, Clark has overseen growth for a number of early-stage and startup high-tech ventures. He has taken two companies to successful initial public offerings and four companies to successful merger and acquisition transactions.
The Economic Development Advisory Council is charged with assisting the Division of Economic Development by providing advice on the trends and needs across all sectors of industry and government to aid in the strategic planning efforts of the division.