In the Region TRW beats out Lockheed to win satellite...

BUSINESS DIGEST

August 24, 2002

In the Region

TRW beats out Lockheed to win satellite contract

Civilian and military branches of the government picked TRW Space and Electronics yesterday to build a national fleet of next-generation weather satellites under a contract worth up to $4.5 billion.

A California unit of Cleveland-based TRW Inc. will build two satellites, with options for four more, for launch between 2009 and 2018. It beat Bethesda-based Lockheed Martin Corp. to win the contract.

TRW is expected to build the satellites in Redondo Beach. The government created the National Polar-orbiting Operational Environmental Satellite System, or NPOESS, in 1994 as a cost-savings measure.

CareFirst breaks ground on Owings Mills call center

CareFirst BlueCross BlueShield broke ground yesterday on its new call-center building in Owings Mills. The 104,000-square-foot building, to be completed in November, will be leased from Merritt Properties. About 450 customer service workers will move there from CareFirst's nearby headquarters.

The move will open headquarters space for about 200 finance department workers who will move from the District of Columbia. CareFirst also will lease a new D.C. building to replace its current offices there and will lease new space in Columbia.

McLean is appointed to Md. economic post

James H. McLean was named deputy secretary of the Maryland Department of Business and Economic Development, the agency announced yesterday.

McLean is now executive director of the Governor's Office of Business Advocacy and Small Business Assistance, which offers advice and helps businesses navigate state aid programs. He succeeds Sandra F. Long, who announced her resignation this month.

McLean was president and chief executive of Four Winds and Seven Seas Inc. travel agency and a former vice president of Parks Sausage Co. in Baltimore and Seagram's Inc. in New York. He also has been an agent for Motown Inc.

Elsewhere

McAfee.com advises accepting higher takeover offer

The anti-computer virus company McAfee.com Corp. yesterday recommended that its stockholders approve Network Associates Inc.'s $825 million bid for the 25 percent of McAfee not already owned by the network security firm.

The latest offer in the on-again, off-again marriage represents a value of $17.18 per share based on Network Associates price yesterday. It's an 81 percent increase over the original offer made in March.

A committee and McAfee's full board recommended shareholders accept the latest offer. McAfee stockholders would get $8 in cash and 0.675 of Network Associates shares for each McAfee share they exchange.

Ford, Ohio reach deal guaranteeing 2,000 jobs

Ford has completed a deal with the state of Ohio to guarantee 2,000 jobs at its Avon Lake assembly plant for the next five years.

Ford promised yesterday to build the new Escape SUV and keep building the Econoline van at the plant for five more years. The final agreement includes $36 million in state tax incentives and grants.

Pay quadruples for ConAgra's CEO

ConAgra Foods Inc.'s chief executive made four times more money in fiscal year 2002 than a year earlier as the food company posted 23 percent higher profit.

Bruce C. Rohde's $950,267 salary, $2.9 million bonus, $1.9 million long-term incentive payments and $5.6 million in stock options totaled more than $11 million. In fiscal 2001, his pay package totaled $2.7 million.

This column was compiled from reports by Sun staff writers and the Associated Press.

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