Oshkosh Defense will initially get $56 million to build 22 "joint light tactical vehicles" and deliver them within one year. The government will test versions of the vehicle over the next 15 months and decide which company will get the contract. The Wisconsin State Journal reports that if Oshkosh Defense is chosen, it could mean roughly $13.75 billion in Defense Department contracts.
Orders for long-lasting U.S. factory goods, excluding the volatile transportation category, fell in July for the fourth time in five months, a sign that manufacturing may be faltering.The Commerce Department said Friday that orders for durable goods rose a seasonally adjusted 4.2 percent in July. But excluding aircraft and other transportation goods, orders dropped 0.4 percent.
The Wayne, Pa.-based machinery maker will consolidate manufacturing facilities and reduce related staffing to increase efficiency.
RG Steel, the nation's fourth-largest flat-rolled steel manufacturer, has sold its Sparrows Point mill for $72 million, among others.
Alabama's governor says the state will provide $5 million and job training to Austal USA to help the shipbuilder add up to 1,000 jobs in Mobile.
Quinn offered his support to workers striking outside a Caterpillar plant south of Chicago, saying, "When people are united, they can't be defeated."
Exports rose 0.9 percent to a record high of $185 billion, driven primarily by increased sales of autos, pharmaceuticals, and industrial machinery.
Company executives have said the $50 million, 650,000 square-foot distribution center in Macon will employ more than 200 workers.
Gonnella Baking Company’s new kosher certification and product line expansions are leading the contract manufacturer toward increased growth and success.
Caterpillar is the world's largest maker of construction and mining equipment, and its results are watched closely because they are considered an indicator of industrial activity and the health of the overall economy.
Bridge building company Big R Bridge plans to invest $1.9 million and hire 30 workers for the facility to manufacture prefabricated bridge parts.
The investment in the Schenectady plant will double production and add 100 new jobs to make more batteries for hybrid locomotives.
Increased fuel costs and congested highways have made rail shipping more attractive around the country after the mode nearly collapsed in 2008.
A Minnesota business named Drive-a-Tank offers drivers the chance to pilot surplus military tanks around an old limestone quarry and smash junk cars.
The investment group MSCI Inc. cited the use of Caterpillar bulldozers in the Israel-Palestine region, along with employee safety and environmental concerns.
Nucor announced that it is joining with Yamato Kogyo Co. to expand production into wider, stronger and lighter sheet piling sections.
A spokesman said "all options are open" when it comes to its Peoria offices, and reiterated concerns over how Illinois can serve the company into the future.
The Fort Wayne-based company says it will spend $11.8 million in new equipment, and could add about 15 jobs with an expanded facility.
JET has announced a new metal forming lineup, with 25 machines that satisfy the production needs of fabricators, welders, maintenance crews, mechanical contractors, aircraft and ship repair operations, and job shops, plus more.
Deere says the investment will mean significant upgrades in machining tools at the facility.
Columbus McKinnon Corporation has unveiled its high-capacity Yale LodeKing electric wire rope hoist, which can be ordered with capacities from 15 to 60 tons.
Fiat Industrial Chairman Sergio Marchionne said the full takeover would simplify what he called its "cumbersome" corporate structure.
Baldor Electric Company is now offering its customers in North America access to its complete line of large AC motors.
The industry, which has been battered by the housing market, is making small but "significant" steps to keep plants open and retain workers.