Rolls-Royce bags $51 million Marine contract
Four-year agreement to provide engines for tanker aircraft is the latest military contract snared by Rolls-Royce’s local operations.
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Hundreds show interest in jobs at police car maker
Company executives told those at Monday’s information sessions that many jobs will require an associate’s degree in engineering
and computer literacy to operate assembly-line machines.
Packaging company seeks abatement for expansion
Just Packaging on the east side of Indianapolis says it plans to invest in new equipment and hire 35 people by 2014.
Hillenbrand closes $435M K-Tron International purchase
K-Tron will become a unit of the Batesville company. K-Tron shareholders received about $150 per share in cash for their common
stock in the deal, which was announced in January.
Impact Racing reaches agreement over safety labels
Bill Simpson’s Impact Racing LLC reached an agreement Thursday with an industry-certification group that will allow the company
to continue selling race car safety gear made this year and last.
Raytheon lands key Navy contract
Raytheon Technical Services Co. LLC in Indianapolis will develop a new bomb rack for U.S. Navy airplanes under a recently awarded $32.4 million contract.
Box maker halting production, putting 97 out of work
Austin, Texas-based Temple-Inland Inc. has notified state officials that will stop producing boxes at its Evansville facility
on May 28.
Heartland RV to expand, add 265 new jobs in Elkhart
A northern Indiana recreational vehicle manufacturer is expanding its Elkhart operations and plans to hire up to 265 new workers
by 2013.
Year-end growth spurt not likely to be repeated
The economy grew at 5.6-percent clip in fourth quarter, but the impressive number doesn’t indicate the recovery is strong,
economists say.
Local security division of Stanley keys growth for company
Stanley Black & Decker, based in New Britain, Conn., reported 2009 profit of $224 million. Its Indianapolis-based security
division, one of three segments, accounted for more than half those earnings.
Tokusen USA planning 135 jobs at new Scottsburg plant
Arkansas wire-maker Tokusen USA Inc. plans to establish a manufacturing plant in Scottsburg, state economic development officials
said Wednesday, touting the nearly 135 jobs expected over the next two years.
BMW, Carbon Motors ink $1.35B supply contract
BMW has won a contract from Indiana-based Carbon Motors Corp. worth more than $1.35 billion to supply engines for U.S. police
cars.
Visteon judge won’t halt benefits termination
An attorney for a union representing some 2,100 people who worked at two Visteon plants in Indiana argued Tuesday that many
are facing hardship, and that the order should be stayed pending an appeal to a federal district court judge.
Cummins expects profit to grow 10 percent a year
Columbus-based Cummins Inc., North America’s largest maker of heavy-duty diesel truck engines, expects pretax profit
to increase 10 percent a year and sales to grow 13 percent annually over the next five years.
$18.9M Navy contract boosts Raytheon’s local facility
Raytheon Technical Services Co. LLC will make guided missile launchers for the U.S. Navy at its Indianapolis avionics development
center, the Department of Defense announced Monday.
Hurco suffers loss as sales plummet
The Indianapolis-based manufacturer’s quarterly revenue fell to $20.6 million, a 27-percent drop from the same period the
year before.
Delta Faucet cutting 40 more jobs at Greensburg plant
The Carmel-based company said its decision to consolidate machining activities at a plant in Tennessee is driven by weak retail
sales and a sluggish housing market.
Bottled-water company ramps up production in Plainfield
Niagara Bottling LLC recently hired 55 for its plant on Whitaker Road, which will make half-liter bottles of purified municipal
tap water.
RV company reopening northern Indiana factory
Middlebury-based Jayco Inc. said Wednesday that it expected to resume production in May at its Topeka factory and hire 50
workers there this year.
Local manufacturer closing plant, moving to Brazil
IVC Industrial Coatings Inc. is relocating its Indianapolis headquarters and manufacturing operations to west-central Indiana.
About 50 of its 55 employees have agreed to move.