Boeing has received a $4 billion, multi-year contract from the Army for 177 CH-47F Chinook helicopters. The Army has options to buy up to an additional 38 helicopters. Deliveries are expected to start in 2015. The order will bring the Army's CH-47F inventory close to its goal of 464 aircraft, including 24 for replacements.
The U.S. government has sold $3.2 billion worth of General Motors stock so far this year. The Treasury Department says in its monthly report to Congress that it sold $611.4 million worth of stock in May. That's on top of $1.64 billion worth of stock sold from January through April and another $1.03 billion from a public offering last week.
A Georgia-based company that manufactures cedar shingles is planning to locate a manufacturing plant in northern Maine that will create 78 new jobs. Gov. Paul LePage and Bryan Kirkey, CEO of Ecoshel, announced Tuesday that the shingle plant will be located at the former Levesque sawmill in Ashland.
Vermont's only natural gas company says its expansion through Addison County will mean the addition of 14 jobs in the company. Vermont Gas has asked regulators for permission to expand its footprint from Chittenden and Franklin counties in northwestern Vermont south through Addison County.
Chevron CEO John Watson discusses energy production in the wake of BP's massive oil spill in the Gulf of Mexico. Watson says energy companies are taking a more proactive approach to safety, securing their systems, and operations before government regulators come knocking.
Boeing predicted that the number of commercial aircraft in operation globally will double in the next two decades, with the bulk of some 35,000 new planes going to Asia, an executive from the US airplane-maker said Tuesday. Randy Tinseth, vice-president of marketing for Boeing Co., said rising oil prices are forcing carriers to think harder about efficiency, and that means smaller planes that burn less fuel.
The top prosecutors in San Francisco and New York, seeking ways to curb thefts of mobile devices, said Monday they will reserve judgment of Apple's new security feature designed to make it harder to reactivate a stolen iPhone. San Francisco District Attorney George Gascon and New York Attorney General Eric Schneiderman have been asking the leading wireless device makers to create a "kill switch" that would render stolen phones useless.
An estimated $400 million polysilicon plant in eastern Idaho now has only eight workers, all security guards, after its last engineer exited last month amid dwindling hopes the facility will ever produce materials for solar panels. Hoku Scientific Inc., based in Hawaii, started building the plant in Pocatello about five years ago, as interest in solar energy grew and polysilicon prices rose.
After a decade of spiking fatalities from passenger car wrecks, the Brazilian government said Monday it plans to build its first auto crash test facility in an effort to improve the poor safety record of vehicles built and sold in the world's fourth-largest automobile market.
A federal judge on Monday dismissed a $3 billion lawsuit filed by Dutch car maker Spyker against General Motors Co. Spyker sued GM last August, accusing it of unfairly blocking a deal to let a Chinese buyer take over Swedish carmaker Saab. GM sold Saab to Spyker in 2010. Saab filed for bankruptcy protection less than a year later after GM blocked its sale to a Chinese automaker.
After spending the last seven decades in Italy, a World War II-era Jeep returned home to Toledo last week, 70 years to the day after it rolled off the production line. Vittorio Argento, an Italian radio journalist and military vehicle enthusiast, shipped the carefully restored vehicle across the Atlantic Ocean, then drove it from New Jersey to Toledo, where he parked in the shadow of a Willys-Overland smokestack.
Communities investing in manufacturing and economic development apply the same techniques as Iron Man, working in a region, scanning the environment and applying resources (tax incentives, workforce development and infrastructure upgrades instead of repulsor rays) to come out on top with robust economic growth.
At the recent Building America conference at Hypertherm, Inc., one of the world’s leading designers and manufacturers of advanced plasma cutting systems, something amazing happened: the 50+ customers and distributors in attendance stopped a Q&A session with the president to praise the company for its success in supplying a high quality product, delivering performance and exceeding customer expectations.
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Some motorcycle enthusiasts feared Keith Wandell might be the outsider who drove Harley-Davidson into the ground. Instead, he may be remembered as the guy who kept the motorcycle maker on the road. Wandell grabbed the handlebars at the motorcycle maker in the heart of the economic crisis in 2009. Harley lost $55 million that year, as buying a motorcycle stopped being an option for many consumers.