New England Tech Stock Index
In today’s Finance Roundup, Raytheon plans a fence in space, DirectoryM invests in its own self, and MTM takes itself private.
• Air Force ‘Space Fence’ nets $30M for Raytheon
The “fence” will use sensors and S-band radars to track small objects in low earth orbit for situational awareness in space. The first radar system is expected to be delivered in 2015.
• DirectoryM invests $2M in its online database
DirectoryM Inc.’s 12 founding employees have ponied up another $2 million to expand the online database centralization startup globally — after buying it out from its investors in March 2007 for $6 million.
• GreenRay lands $2M for affordable solar power
GreenRay develops solar AC modules with fewer parts and simplified installation as a means of lowering cost. The funding will be applied to the manufacturing, distribution and commercial launch of GreenRay’s solar AC module.
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