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Stock Update: SolarCity Corp (NASDAQ:SCTY), Northrop Grumman Corporation (NYSE:NOC), International Business Machines Corp. (NYSE:IBM)

Posted in Business, Technology1 month ago • Written by Jenny LambNo Comments

Dallas, Texas, 08/14/2014 (ustrademedia) – As a part of its expansion plans, SolarCity Corp (NASDAQ:SCTY) has opened a new plant in Henderson, Nevada that is focused on providing Solar electricity for all Nevada residents and reducing their electricity utility bill to as less as $30 per month. This operations center has got enormous support and approval from the locals that almost 640 employees have signed up work and close to 1.5k customers have booked their solar panels. Not only it is helping the city to become environment friendly but it is also generating employment, under the initiative and direction of Governor Sandoval, as reported in Yahoo Finance.

Northrop Grumman Corporation (NYSE:NOC) Signs $300 Million Contract With U.S Air Force

As per the press release in the company’s website, Northrop Grumman Corporation (NYSE:NOC) has been awarded an ‘indefinite delivery and indefinite quantity’ deal that is valued to go up to $300 million for providing assistance in the form of terrestrial data, space environmental information and related products and services for military all over the world. Being the prime contractor for Air Force since 2002, Northop has been indispensable in providing indigenous facilitation in enterprise level system engineering, management and sustainment services. It has also helped execute other scientific projects like logistics analysis, testing, field support and their management.

International Business Machines Corp. (NYSE:IBM)’s SoftLayer Data Center in Canada

As per its plan of expanding its cloud services, International Business Machines Corp. (NYSE:IBM) has opened its new Data Center in Canada that would house data required to be present near their business like public sector organisations, storage and networking businesses and financial institution. The SoftLayer Data Center provides an integrated platform for data control, open integration and industry customised work processes all based in a cloud. This effort comes after similar centers in London and Hong Kong and is a part of $1.2 billion investment, for the expansion of cloud services worldwide.

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