Textron To Build Armored Vehicles For Colombia

Company landed a $45.6 million contract to build 39 armored personnel carriers for Colombian army; work will be performed at Textron plants in New Orleans and Slidell, La.

Dec 8th, 2009

NEW ORLEANS (AP) -- Textron Inc. has landed a $45.6 million contract to build 39 armored personnel carriers for the Colombian army.

The work will be performed at Textron Marine & Land Systems plants in New Orleans and Slidell. The company already has produced more than 2,400 armored personnel carriers and armored security vehicles for the U.S. Army, Iraq and Bulgaria.

The vehicles intended for Colombia will be equipped with either a machine gun or grenade launcher.

eBook: Secrets of Rock Star CFOs

eBook: Secrets of Rock Star CFOs

Secrets of Rockstar CFOs is a new ebook based upon conversations with dozens of elite CFOs, from Silicon Valley startups to Fortune 500 multinationals.

Container Ship At Port And Cargo Plane 000071988275 Large

Manufacturing Exec Touts More Responsive Supply Chain Strategy

"Companies need to move from just-in-time manufacturing to a more dynamic, demand-driven supply chain that focuses on ... pre-empting pain points."

President Joe Biden talks about the May jobs report from the Rehoboth Beach Convention Center in Rehoboth Beach, Del. on June 4.

Biden Task Force to Address Supply Chain Bottlenecks

Officials said their goal is to increase domestic manufacturing, limit shortages of vital goods and reduce dependence on geopolitical competitors.

In this May 26, 2021 photo, a sign for workers hangs in the window of a shop along Main Street in Deadwood, S.D. U.S. employers added 559,000 jobs in May, an improvement from April’s sluggish gain but still evidence that many companies are struggling to find enough workers as the economy rapidly recovers from the pandemic recession.

US Economy: Plenty of Growth, Not Enough Workers or Supplies

The speed of the rebound has been so unexpectedly swift that many companies can’t meet a pent-up burst of customer demand.

This photo provided by Sri Lankan Air Force shows the sinking MV X-Press Pearl at Kapungoda where it is anchored off Colombo port, Sri Lanka, Wednesday, June 2, 2021. Salvage experts were attempting to tow the fire-stricken container ship that had been loaded with chemicals into the deep sea as the vessel started to sink Wednesday. Water submerged the MV X-Press Pearl's quarterdeck a day after firefighters extinguished a blaze that had been burning for 12 days.

Data Recovered from Sinking Ship

The fire has destroyed most of the ship’s cargo, which included 25 tons of nitric acid and other chemicals.

5 Minutes With ID: 3M on Fighting PPE Fraud, Price-Gouging

One of the company's leaders shares what the pandemic has been like for 3M to constantly fight off the elevated threat of fraud, counterfeiting and price gouging of its PPE products by bad actors.

In this Oct. 31, 2019, file photo, attendees walk past a display for 5G services from Chinese technology firm Huawei at the PT Expo in Beijing. U.S. President Joe Biden has nearly doubled the list of Chinese companies whose shares are off-limits to U.S. investors in the latest sign he is not softening Washington's stance toward Beijing. Telecoms equipment maker Huawei Technologies, China’s big state-owned telecoms companies and China National Offshore Oil Corp. are on the new list of 59 companies.

Biden Widens List of Off-Limits Chinese Firms

The updated list includes companies that allegedly contribute to surveillance or “serious human rights abuses.”

Sri Lankan navy soldiers collect debris that washed ashore from burning ship MV X-Press Pearl anchored off Colombo port at Kapungoda, out skirts of Colombo, Sri Lanka, Monday, May 31, 2021. The fire on the Singapore-flagged ship has been burning since May 20, ravaging the ship. Debris from the burning ship that has washed ashore is causing severe pollution on beaches.

Sri Lanka Braces for Environmental Disaster as Ship Sinks

Debris is already washing up on shore.

In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington.

Fed Sees Faster Growth Despite Shortages

Factory output increased despite “significant supply chain challenges” that continued to disrupt production.

Panama-flagged cargo ship Ever Given anchored in Egypt's Great Bitter Lake, March 30, 2021.

Suez Canal Ship Case Adjourned for Compensation Talks

The move aims to allow more time to resolve the financial dispute between the Suez Canal Authority and the vessel’s owner.

A worker arranges the business suits at Shandong Daiyin Textile and Garment Group factory in Tai'an in east China's Shandong province on Saturday, May 29, 2021. China's manufacturing held steady in May, a survey showed Monday, adding to signs a post-pandemic rebound is leveling off.

China's Manufacturing Rebound is Leveling Off

Consumer spending is back above pre-pandemic levels but has recovered more slowly than manufacturing and exports.

A Sri Lankan navy soldier clad in a protective suit walks on the mounds of debris that washed ashore from the burning Singaporean ship MV X-Press Pearl which is anchored off Colombo port at Kapungoda, out skirts of Colombo, Sri Lanka, Thursday, May 27, 2021.

Police Investigate Sri Lanka Ship Fire

The government seeks to take legal action against the vessel's owners after the incident caused severe marine pollution.