Boeing Co. is receiving a $136.6 million modification to an existing contract with the Navy, the Department of Defense said Wednesday.The contract is for procurement of long-lead materials in support of production of an aircraft. The work will be done in Seattle; Greenlawn, N.Y.; Baltimore;...

A little over a year after Medline Industries, Inc., the largest privately held manufacturer and distributor of healthcare supplies in the U.S., completed and opened its new environmentally conscious service facility center in Dubuque, Iowa, the building officially received Leadership in...

Metal components manufacturer NN Inc. says CEO Roderick Baty plans to exercise 66,300 stock options that are due to expire next month and began selling the shares in the open market starting on Wednesday.The original grant date of Baty's options was Oct. 10, 2000.In addition, the company said...

A company that puts protective armor on vehicles has said it will cut about 300 more jobs in southwest Ohio due partly to the loss of a key U.S. Army contract.BAE Systems Inc. said in a statement Wednesday that leaner defense budgets and the global economy also contributed to the need for cuts...

Machinery maker Gardner Denver Inc. on Wednesday said it will move its headquarters to the Philadelphia area to make the company easier for international customers to reach.Gardner Denver did not specify where in the region it will be headquartered, or when the move might take place. A...

IB-Tech, a subsidiary of Japanese-owned auto parts manufacturer Imasen Electric Industrial Co., plans to invest $50 million in a facility in Mount Pleasant, creating 385 jobs.Gov. Phil Bredesen and government leaders announced Wednesday IB-Tech will manufacture seat adjusters at the facility in...

The U.S. economy lost strength in late summer as factory production weakened in areas of the East Coast and Midwest.A survey the Federal Reserve released Wednesday found the slower growth spreading to more regions of the U.S.Of the 12 regions the Fed tracks, economic activity slowed or was...

General Motors Co. launched its Chevrolet Cruze compact sedan at its factory near Youngstown on Wednesday, with company and state officials touting the production as a boost to the U.S. and Ohio economies.The 2011 Cruze goes on sale this month in U.S. showrooms, with a starting price of...

Job openings are rising modestly, a sign that employers may step up hiring soon.But rising openings in the past year haven't reduced unemployment, heightening concerns that the unemployed might lack the skills to fill the jobs that are coming available. If companies have openings but can't find...

Comtech Telecommunications Corp. and CPI International Inc. said Tuesday they were calling off their plan to combine and Comtech will get a termination fee of $15 million.The companies gave no reason for the about-face, which was unanimously approved by both boards.Communications-gear maker...

The fire that broke out in a UPS plane that crashed last week in Dubai, killing both pilots, appears to have begun in a cargo compartment, according to people familiar with the accident investigation.Accident investigators are now trying to verify which cargo aboard the Boeing 747-400 was...

The Retail Industry Leaders Association spent $684,939 in the second quarter to lobby the federal government on a variety of issues from health care reform to clothing tariffs, according to a recent disclosure report.That's more than the $550,000 it spent in the first quarter of 2010 and the...

PPL Montana says a construction worker has been killed in an accident at the work site of a dam northeast of Great Falls.The Great Falls Tribune reports that authorities responded Tuesday morning after receiving a call that a worker had been in an accident involving heavy equipment.PPL says an...

Boeing Co. has been awarded $27.9 million from the U.S. Air Force for aircraft test sets and replacement parts.The Department of Defense announced the awards last Friday. Both are modifications to current contracts.Boeing's St. Louis-based defense unit received $15.9 million to provide test...

With clean energy legislation trapped in a political deadlock, renewable energy advocates called big business the new leader in the nation's green revolution at a national summit meeting Tuesday.John Podesta, president of the Center for American Progress, said untapped business potential in the...