SOUTHLAND FOCUS
* Hughes Electronics Corp. won a contract to supply satellites to BP Amoco for its U.S. service stations to transmit credit card and other transaction data, beating out rival Gilat Satellite Networks Ltd. The five-year contract, valued at about $50 million, is for 8,600 BP Amoco service stations in the U.S., a Hughes spokeswoman said. Analysts had expected Israel-based Gilat, which was a customer of British Petroleum before it acquired Amoco Corp., to win the contract. Amoco was a customer of El Segundo-based Hughes. Hughes fell 58 cents to close at $58.25 on the NYSE.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.