Livonia-based Phillips Service Industries Inc. could invest at least $10 million and create 100 to 200 local jobs, if the region can outperform at least four other states competing for a proposed additive manufacturing center to supply components for the F-35 Joint Strike Fighter.
Annual Member Reception
. 5-7:30 p.m. Detroit Economic Club. Networking. With Bill Ford
, executive chairman, Ford Motor Co.
$45 members, $100 guests. Oakland Hills Country Club, Bloomfield Township. Contact: (313) 963-8547; email: firstname.lastname@example.org; website: www.econclub.org.
For Bruce Wilden, president of Greene Metal Products Inc.
in Clinton Township, it isn't just the prospect of losing one more military vehicle supplier contract that's unsettling. His company still has others.
Macomb County has a grant from the Michigan Economic Development Corp. to expand some of its local initiatives courting the defense industry into a statewide effort and to develop a robotics cluster.
Chip McClure's departure as chairman and CEO of Meritor punctuates what appears from the outside as market timing missteps for the company.
Ann Arbor will be home to most of the $4 million in new training and simulation contracts awarded recently to Arotech Corp., one of its senior Michigan executives said Monday.
FOCUS: REAL ESTATE
Apartment units aren't the only kind of housing available to local veterans in need as a result of some innovative programs administered by local real estate experts. Existing single family homes are also an option.
FOCUS: REAL ESTATE
There's demand for affordable housing for veterans, but getting projects off the ground has been more of a challenge.
Tower Defense and Aerospace LLC
, the subsidiary of Livonia-based Tower International Inc.
created to acquire W Industries Inc.
of Detroit two years ago, is now closing that operation and laying off 190 remaining employees.
General Dynamics Land Systems
and the local business unit of BAE Systems Inc.
, both in Sterling Heights, have received nearly $340 million combined to extend their early development contracts on the military Ground Combat Vehicle program by six months.
General Dynamics Land Systems and the local business unit of BAE Systems Inc., both in Sterling Heights, have received nearly $340 million combined to extend their early development contracts on the military Ground Combat Vehicle program by six months.
Innovations: Patents and Trademarks
It's a quantum leap -- in cube form.
A military vehicle program that allocates nearly $900 million to two defense contractors in Sterling Heights may not be the best use of federal funds, according to a Congressional Budget Office report.
Dan Gilbert shared his "placemaking" vision for Detroit's central corridor, construction got under way at the David Whitney Building in Detroit, the Tigers' Justin Verlander signed a $140 million contract extension and Detroit emergency manager Kevyn Orr dug in during his first week on the job.
General Dynamics Land Systems announced it was awarded $65 million in contracts from the Army's Contracting Command at the U.S. Army Tacom Life Cycle Management Command in Warren.
A group of about two dozen technicians works to combat about 187,000 cyberattacks each day in a state secure office affectionately referred to as "the bat cave." And although there have been no major cybersecurity breaches the state is aware of, the threat is real and "we're being attacked every single day," says the chief security officer for the state. Behind the scenes, a diverse group of businesses is working with the state to share information and plan a response in case of an attack.
General Dynamics Land Systems President Mark Roualet is leaving the post he has held at the Sterling Heights-based defense contractor since 2008, for a promotion to executive vice president and group executive of parent company General Dynamics' Combat Systems group.
Michigan could see a total economic loss of more than $500 million and at least 10,000 jobs in research, health care and defense by October, according to various industry and government projections of fallout from the federal budget sequester.
Michigan would lose $333 million and 7,807 jobs this year, including more than 1,000 in the private sector, unless Congress intervenes in automatic budget cuts that take effect this Friday, according to a new U.S. Army report.
Defense contractors with a Southeast Michigan presence recently won two awards totaling $33.5 million for work to be completed over the next year.
Defense contractor Lockheed Martin Corp. could pay $19.5 million to a class of investors led by the City of Pontiac General Employees Retirement System under a proposed settlement to a lawsuit alleging the company knowingly overstated its outlook for investors in early 2009.
You know what's funny? Sixty-ton M1 Abrams
tanks, on occasion -- especially if a local defense contractor has made more than the U.S. Army
thinks it needs.
Seven defense companies tied to Southeast Michigan could receive more than $500 million over the next five years under a series of U.S. Department of Defense
contract awards announced since the beginning of the year.