Devens

An international court has ordered energy technology manufacturer AMSC, of Devens, to pay $11 million to an Indian firm over an alleged breach of a licensing agreement, AMSC said Thursday.

While the company reported lowered revenue earlier this month due in part to lower Chinese wind product...

Losses climbed and revenue sunk for Devens-based AMSC due to reduced Chinese wind product sales and lower grid support sales.

Pharmaceutical giant Bristol-Myers Squibb, which has operations in Devens, has agreed to a joint venture with a Boston firm that will foster research and pre-clinical development of biopharmaceutical innovations from leading university research institutions across the United States, the companies announced.

E-commerce shipping and logistics provider Quiet Logistics is leading job growth in Devens, according to a report by the UMass Donahue Institute, and the company's workforce is only expected to increase. Quiet Logistics, which arrived in Devens in 2011, expanded its footprint when it leased 184,000 square feet of warehouse and distribution space on Barnum Road in November. Brian Lemerise, vice president of third-party fulfillment at Quiet, said the company chose to grow beyond its existing 200,000-square-foot facility on Saratoga Boulevard because of high demand for fast delivery of apparel in the Northeast. Devens offers a prime location, Lemerise said, because it has good access to shipping by boat, freight and airplane. But the labor market is also strong.

After announcing two years ago it would expand to Devens, French multinational materials company Saint-Gobain has ceased operations there, according to a company official.

A report by the UMass Donahue Institute shows that employment, wages, and the number of businesses in Devens all increased between 2013 and 2014, generating economic benefits for the broader Bay State economy.

In a deal announced Wednesday that could be worth up to $60 million, Devens-based energy technology company AMSC has agreed to develop a plan to build a superconducting cable system that it said will strengthen Chicago's electric grid.

A group of seven friends were charged by federal regulators Friday of illegally making more than $550,000 through insider trading of Devens-based AMSC stock.

Devens-based AMSC said today that it has received a $40 million order for wind turbine electrical control systems (ECS).