PITTSFIELD, Mass. — U.S. Department of Defense announced Monday that the city will complete 11 percent of work for a $494 million missile-building contract for the Navy.

Charles Stark Draper Laboratories, based in Cambridge, received the $494,257,945 contract for guidance systems for Trident II, D5 missiles. Most of the work will be performed at the company's home office but 11 percent will be done at the laboratory's Merrill Road location.

Here is the release from the U.S. Department of Defense's website:

CONTRACTS

NAVY

Charles Stark Draper Laboratories, Inc., Cambridge, Mass., is being awarded a $494,257,945

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Despite a rousing offense by Sen. John McCain, Republicans helped pass a controversial authorization for a $5 billion Navy contract that is expected to bring 500 jobs to Pittsfield.

Al.com, covering Alabama, reported late Tuesday that both houses of Congress had passed the bill, which was signed by President Obama on Wednesday morning.

McCain, the ranking Republican on the Senate Armed Services Committee had opposed a plan crafted in part by Massachusetts Sen. John Kerry and the Navy to double the purchase of coastal defense ship from 10 to 20. That would allow for contracts to two teams, one of which included General Dynamics. The company said the contract would mean 500 positions

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DALTON, Mass. — Crane & Co. officials were on hand this morning as the new $100 bill was unveiled in the U.S. Treasury Department's Cash Room in Washington. The Dalton printer has been making the specialized paper for the nation's folding currency for more than 100 years.
 
The bill includes a variety of high-tech additions to help defeat counterfeiting; the U.S. $100 bill is the most widely counterfeited note.

Find out the cool things happening on the new $100 bill.

"As the supplier of the paper used to produce the redesigned $100 bill, Crane & Co.

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NORTH ADAMS, Mass. — The U.S. Small Business Administration will hold a Business Recovery Expo on Thursday, May 6, on the Massachusetts College of Liberal Arts campus.

The event will include a panel discussion with SBA Massachusetts District Director Robert H. Nelson, Mayor Richard J. Alcombright, Berkshire Chamber of Commerce President Michael Supranowicz, and Andre M. Porter, executive director of the Massachusetts Office of Small Business and Entrepreneurship.

The panel will be followed by an exposition; there will be two free workshops on business financing and SBA programs after the expo.

The expo runs from 8:30 to noon on

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