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LEGAL
AOL Settles Dispute Over Cancellations
AOL of Dulles is to pay a $3 million settlement to 48 states and the District and change how it deals with cancellations and refunds to customers, who had complained of difficulty and confusion while trying to cancel their AOL services.
AOL had paid incentives to representatives who were successful in retaining customers who called to cancel their service, two state attorneys general said in a statement.
EXECUTIVES
Circuit City Names Finance Chief
Circuit City Stores of Richmond named Bruce H. Besanko as chief financial officer to succeed Michael E. Foss, who left in April.
Besanko, 48, who is finance chief at Yankee Candle, will start July 30. Foss resigned to become chief financial officer at Petco Animal Supplies.
CONTRACTING
Pentagon Approves Deal for 60 F-22As
The Pentagon approved a three-year contract with Lockheed Martin and Pratt & Whitney for 60 F-22A aircraft, engines and spare parts. The deal could be worth as much as $10 billion.
The deal was held up until the Defense Department's Pentagon inspector general reviewed allegations of a potential conflict of interest and a separate study of potential cost savings was completed.
The inspector general in December found there was no conflict of interest. Last week, Rand Corp. concluded that the deal could save as much as $410 million compared with buying the aircraft in separate one-year contracts.
General Dynamics Gets Army Order
The Army said it awarded a $22.5 million task order to General Dynamics for additional services on a next-generation communications network for U.S. soldiers.
The contract is part of a $1.07 billion program, known as the Warfighter Information Network-Tactical System, to connect soldiers through a high-speed, secure wireless network that can deliver voice, data and video.
The Falls Church company will provide software for the network, performing the work in Gaithersburg and in Tauton, Mass., through Sept. 30, 2011.
Compiled from reports by Washington Post staff writers, the Associated Press and Bloomberg News.
