Newspaper article St Louis Post-Dispatch (MO)


Newspaper article St Louis Post-Dispatch (MO)


Article excerpt

ST. LOUIS FALCON Plan To Buy Stake In Czech Firm OK'd

St. Louis-based Falcon Products Inc. announced Thursday that it has preliminary approval from the Czech Republic for Falcon to buy a 67 percent share in a former state-owned furniture company, TON/Mimon. Falcon would pay $1.8 million for the stake.

Falcon makes hospital, office and food-service furniture.

***** ENGINEERED SUPPORT SYSTEMS Air Force Contract Worth $10 Million

Engineered Support Systems Inc. said it has won a $10 million contract to make 359 revetment kits for the U.S. Air Force.

The kits consist of two steel walls as big as 16 feet high, 252 feet long and 7 feet apart. The revetments are used to protect parked aircraft and other equipment from artillery and small-arms fire.

Engineered Support makes military ground support equipment.

***** MISSOURI WIRE MANUFACTURER Mexico Firm To Expand, Add 55 Jobs

A company in Mexico, Mo., has announced a $16 million factory expansion that it says will create about 55 new jobs during the next years.

Optec D.D. U.S.A. Inc., which makes wire for electric motors, said it would add a 125,000-square-foot building to its facility. The plant currently employs 150 workers.

Optec is owned by Optec Dai-Ichi Denko Ltd. of Japan.

***** NATIONAL HMOs Enrollment Up Nearly 10 Percent

Enrollment in health maintenance organizations jumped almost 10 percent this year to 45.3 million as more Americans exchanged fee-for-service medicine for one-price, prepaid care, a trade group reported Thursday.

Karen M. Ignagni, president of the Group Health Association of America, predicted that enrollment will top 50 million next year and could hit 100 million by the end of the decade. …

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