CEDAR RAPIDS, Iowa (AP) — Aviation electronic systems maker Rockwell Collins said Monday it has won a $160 million contract to update communications systems for U.S. Air Force jets that refuel aircraft. The Cedar Rapids, Iowa, company will update the flight management system, displays, data communications and surveillance systems of the KC-10 tankers to meet future air traffic control requirements, Rockwell Collins said in a statement.
DETROIT (AP) — Chrysler retreated to a loss for the second quarter, but only because the expense of shedding its government debt erased what would have been a modest profit. The company, just two years out of bankruptcy protection, maintained that there are healthy signs despite the loss.
WASHINGTON -- NASA Deputy Administrator Lori Garver will visit Ball Aerospace & Technologies Corp. in Boulder, Colo., on Tuesday, July 26, to meet with summer interns from Ball and United Launch Alliance (ULA). Garver will view demonstrations of student-built rockets and payloads and discuss how hands-on experience for students is critical to developing experience for science and technology-related jobs of the future.
COLUMBIA, S.C. (AP) — Packaging manufacturer Coastal Corrugated Inc. plans to expand its plant in South Carolina's Dorchester County, adding 26 jobs this year. State and local officials announced Monday that the company will add spend $1.5 million on a 40,000-square-foot expansion that's expected to be completed by December.
FORT LAUDERDALE, Fla. (AP) — Steel company Metals USA Holdings Corp. said its second-quarter net income jumped nearly tenfold compared with last year on higher sales and prices. The company said Monday its net income for quarter ended June 30 was $21.5 million, or 57 cents per share, compared with $2.
FARRELL, Pa. (AP) — A tanker truck loaded with more than 6,000 gallons of hydrogen exploded at a metals processing plant, burning the driver, injuring another worker and threatening an even larger storage tank. The blast occurred after 6 p.m. Sunday at the Duferco Farrell Corp. plant in Farrell, about 60 miles northwest of Pittsburgh near the Ohio border, said Mike Hrycyk, human resources vice president.
The Associated Press BAE Systems PLC has won orders totaling $56.6 million to upgrade and maintain mine-resistant vehicles used by U.S. Marines in Afghanistan. The global defense contractor, based in London, said Monday that the awards comprise five distinct projects, all involving RG-33 Mine Resistant Ambush Protected vehicles: — $17.
AUBURN HILLS, Mich. — To help American carmakers stay in business, autoworkers grudgingly gave up pay raises and some benefits four years ago. Now that General Motors, Ford and Chrysler are making money again, workers want compensation for their sacrifice. Just how much they get is the central question hanging over contract talks that start this week between Detroit and one of the largest and most powerful U.
DETROIT (AP) — The United Auto Workers union wants a bigger share of Detroit's newfound profits while the car companies hope to cut labor costs in contract talks that begin Monday. Workers agreed to give up pay raises and benefits to keep the companies in business as they headed for financial trouble starting four years ago.
NEW YORK (AP) — An energy research group predicted that an increase in drilling activity in the Gulf of Mexico could create 230,000 jobs and add $44 billion to the U.S. economy next year. IHS on Thursday said that the U.S. would produce more jobs, more tax revenue and another 411,000 barrels of oil per day if the industry was allowed to operate at full speed in the Gulf.
FARRELL, Pa. (AP) — The driver of a tanker truck was burned and another worker was treated for cuts after an explosion at a rolled metal plant in western Pennsylvania. An official with Duferco Farrell Corp. has confirmed the injuries for The Associated Press, but says another official will release more information later in the day.
TOKYO, July 25 (Kyodo) — Honda Motor Co. said Monday it will recall a combined 50,122 units in the Stream minivan, the Civic sedan and the Crossroad sport utility vehicle to repair their bolts that fix the water pump pulley to the engine, free of charge. In a report filed with the Ministry of Land, Infrastructure, Transport and Tourism, Honda said the engines of the vehicles, made between July 2008 and July 2010, may stall due to the defect.
TOKYO (AP) — Japan's automakers reported mixed vehicle production figures Monday as the industry works toward recovery from the March 11 earthquake and tsunami. Some, such as Nissan, are doing considerably better than others. Nissan Motor Co. made 419,831 vehicles worldwide in June, up 18.
RICHMOND, Virginia (AP) — The union attempting to represent workers at IKEA's only U.S. plant is challenging the Swedish furniture giant's vaunted corporate ethos, accusing the retailer of paying its American workers low wages and tolerating unsafe working conditions. Approximately 320 workers at IKEA's Swedwood Danville plant will vote Wednesday whether to join the International Association of Machinists and Aerospace Workers.
CHATTANOOGA, Tennessee (AP) — Nissan will build motors for the electric Leaf at its engine plant in Decherd, Tennessee, starting in early 2013 as the automaker expands production. The plant will be able to make up to 150,000 electric motors a year. It currently makes engines and components for Nissan vehicles built in North America, and also houses engine casting and forging operations.
LIBBY, Mont. (AP) — The Montana Community Development Corporation has announced $17 million in financing to allow Stinger Welding to complete a fabrication plant that will bring at least 100 more jobs to Libby. Stinger Welding, a fabricator of steel bridge components, has 43 employees in Libby.
Copper prices are falling on more signs of a manufacturing slowdown in China and Europe. Copper for September delivery fell 5.25 cents to settle at $4.3835 a pound, its second day of losses. Other commodities were mixed as investors monitored debt negotiations in Europe and the United States.
CHAMPAIGN, Ill. (AP) — Illinois' unemployment rate edged up again in June, but the experts say that likely means something you already knew: The economic recovery isn't going nearly as fast as the state needs it to. Statewide unemployment rose to 9.2 percent in June, up from 8.
COLUMBUS, Ohio (AP) — Ohio voters will get to decide in November whether to repeal the state's new collective bargaining law, which would let public worker unions negotiate wages but not health care, sick time or pension benefits. The state's elections chief said Thursday that opponents had gathered enough valid signatures to put the question before voters.
HOUSTON (AP) — How America gets people and stuff into orbit is about to be outsourced in an out-of-this-world way. With the space shuttle's retirement Thursday, no longer will flying people and cargo up to the International Space Station be a government program where costs balloon.