Saturday, July 17, 2004

Tristate business summary

GE to begin testing engine

The GE Transportation-Rolls Royce development engine for the U.S. Joint Strike Fighter will begin ground testing Friday at a test cell at GE's Evendale plant. The F136 development engine will undergo about 200 hours of testing in the conventional take-off/landing configuration by December. Early next year, the same engine will begin an additional 200 to 300 hours of endurance testing at the plant. GE is producing about 60 percent of the development and demonstration engine for the Lockheed Martin JSF, which will be marketed to the U.S. and foreign military.

P&G checks legal status of patent

Procter & Gamble Co. said Friday that it was "reviewing its legal options" after receiving notice that an Israeli drug maker applied to market a generic version of P&G's Actonel osteoporosis drug. P&G's patents for Actonel expire in 2013. It's the most successful P&G pharmaceutical product, with sales topping $1 billion for the just-completed fiscal year. "We remain confident in our Actonel patent portfolio," spokeswoman Paula Koenigs said.

Staff reports

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Rate Report