Manufacturing
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Several cycles of Pentagon budget cuts and plans for a smaller U.S. military haven’t dimmed the optimism of the southern New England defense sector. Largely thanks to submarine giant General Dynamics Electric Boat, the industry has remained stable over the last several years and could even see growth ahead. But military contractors and the numerous companies linked to their supply chain are not relying solely on the political clout of the local congressional delegation to keep contracts comings. more
Manufacturing expanded in August at the fastest pace in three years as orders grew by the most in a decade, showing U.S. factories will help power the economy into the third quarter. more
Chrysler Group LLC reported its best August for U.S. vehicle deliveries in 12 years, while Ford Motor Co., Toyota Motor Corp. and Nissan Motor Co. also posted results that surpassed analysts’ projections. more
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