The defense contractor is on the cusp of investing hundreds of millions of dollars to modernize its Tibbs Avenue factory, Rolls-Royce officials revealed Tuesday at IBJ's aviation and aerospace event.
Effort in Indianapolis will try to entice manufacturers to rethink areas they abandoned.
Gov. Mike Pence, Raytheon executives and officials for the Indiana Economic Economic Development Corp. have scheduled a Monday afternoon press conference at Raytheon Technical Service Co. LLC to officially announce the local expansion.
The Indianapolis-area Rolls-Royce production facilities will handle the bulk of the work for three contracts totaling up to $442 million.
Every plant announced for North America since 2009 has gone to Mexico. The upshot is not only few assembly jobs, but fewer jobs and businesses that feed off of the massive operations.
The company announced plans for the $100 million factory in March, with officials saying they anticipated hiring more than 200 workers within five years.
The advanced manufacturing and logistics advocacy group will use the grant for programs, outreach and research for the state’s largest industry sector.
Among the goals of the partnership are to lower manufacturing costs, improve speed and drive innovation. The partnership also will create educational opportunities for Purdue students.
EnerDel is regrouping under a strategy of targeting niche markets—a plan that has convinced Indianapolis and Hancock County officials to back off threats to yank economic development incentives.
CEO Doug Oberhelman said Tuesday that government overhauls and an aggressive economic development policy have made the state among the most attractive for investment.
The Indianapolis-based machine tool maker reported Friday morning that profit in the latest quarter shot up more than 400 percent as sales and fees increased 25 percent.
Hendricks County finds pay dirt pitching skills of racing industry to medical device manufacturers.
A recession and rising international competition kept Indianapolis-based Vertellus Specialties Inc. from soaring as quickly as its owners planned, but the company’s chief says the chemical maker—a leading manufacturer of Deet insect repellent—still will be put up for sale.
Emphasis on efficiency, technology is softening job demand.
The dirt is left over from previous construction near the site at the Lafayette industrial park where GE Aviation intends to build a 225,000-square-foot plant.
Indiana’s sectors are among the strongest in the nation, according to a recent report. But challenges remain in work force education, the cost of worker benefits, and the pace of innovation.
To help promote interest in engineering, 3D Parts Manufacturing is working with schools to set kids loose on 3D printers. The plan also is developing into a business model.
Indiana manufacturers, universities and various state groups are abuzz about their involvement with the freshly minted, Chicago-based Digital Lab for Manufacturing—even if they’re not yet sure what their exact role will be.
The sector is migrating to states that beckon with better prospects.
GE Aviation chose Indiana for its $100 million plant partly because of the potential for hiring talent from and working on advanced-manufacturing research with Purdue University. The state’s business-friendly environment also played a role.
