The US Navy will pay Raytheon $33 million for 10 sonar systems that helicopters can use to detect enemy submarines.

The Tewksbury-based defense contractor said Tuesday that it could reap as much as $98 million if the Navy chose to buy more systems for itself or allied militaries. Since 2002, the company has sold the Navy 130 AN/AQS-22 Airborne Low Frequency Sonar systems, or ALFS, under a previous version of the contract.More →

Flo, the Progressive spokeswoman

If you’re a safe driver, you could soon be saving money just by downloading an app.

After 18 months of testing and development, Progressive is preparing to roll out a smartphone app that can monitor drivers’ behavior behind the wheel and give them discounts for safety. The auto insurance company has been one of the biggest proponents of so-called usage-based insurance, and it’s hired the Boston company Censio to make the process even easier.More →

Provender CEO Caithrin Rintoul presents at the Techstars Boston "demo day" Tuesday evening.

Picking the most promising startups from an accelerator’s latest graduating class is a foolish task: promising teams split up, ideas that seem flimsy turn out to be massive, early momentum with a few enthusiastic customers fades. But with the caveat that we’re handicapping companies at a very early stage, here are my five favorite ideas from yesterday’s showcase of the latest set of Techstars Boston participants.More →