Pakistan awarded contract for Software development lab by World Bank

In a move that would help spur the already booming development of IT content, Pakistan has beaten off competition from regional countries to bag World Bank’s contract for setting up a research lab for mobile software development including apps.

Well informed official told the Express Tribune that World Bank approved $380,000 in grants to Pakistan in November 2011 for a two-year project, mLab South Asia, to be set up in Lahore.

World Bank’s division InfoDev planned to establish five mobile software development research labs across the world including one in the Saarc region, the official said. India and Sri Lanka were also shortlisted for the region but Pakistan was picked as the final destination.

Read details: The Express Tribune

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Boeing wins $3.48 billion U.S. missile defense contract

[ via Reuters ] 30 Dec

Boeing Co beat out Lockheed Martin to retain its position as the prime contractor for the U.S. long-range missile shield, the Pentagon said on Friday.


The U.S. Defense Department said it was awarding Boeing a $3.48 billion, seven-year contract to develop, test, engineer and manufacture missile defense systems.

The shield has been shaped initially to guard against ballistic missiles that could be fired by Iran and North Korea. It is the only U.S. defense against long-range missiles that could be tipped with chemical, biological or nuclear warheads.

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Apple's founding contract coming up for auction

[ Reuters ] 

The contract that established Apple as a corporate entity in 1976 and another document, signed 11 days later, that removed one of the partners are expected to fetch up to $150,000 when they are auctioned next week by Sotheby's on 13 Dec.

The contract establishes the Apple Computer Company and states that Jobs and Steve Wozniak will each be given 45 percent of Apple's shares. Ronald Wayne, who drafted the contract, was given 10 percent.

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