Manufacturing
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Raytheon missiles stored due to missing motors
Raytheon Co., a Massachusetts-based defense contractor with a Rhode Island production facility, has put almost 900 air-to-air missiles for U.S. and allied air forces in storage because they’re missing a major component – motors, Bloomberg News reported last week. more
12/31/12
CEOs losing optimism on jobs slowdown
U.S. chief executive officers are turning more pessimistic about a second-half recovery as rising unemployment and Europe’s debt turmoil threaten domestic growth prospects. more
Manufacturing is a fast path to recovery
According to the National Association of Manufacturers, every manufacturing job is supported by 3.5 service jobs. It is no wonder, then, that politicians want to talk up the sector. Growing manufacturing jobs not only adds highly paid, blue-collar workers to payrolls, it helps bring down the country’s persistent unemployment problem, too. more
7/9/12
Nortek reverses 2011 results, posts 2012 profit
Despite taking a $6.4 million pre-tax loss from the retirement of debt, Nortek Inc., the maker of residential and commercial building products, posted net income of $9.5 million in 2012, reversing its loss of $55.9 million in the previous year. more
| 3/14/13
Manufacturing cools in U.S. as government cuts loom
Manufacturing grew less than forecast in March as orders and production cooled, highlighting the risk of a U.S. economic slowdown this quarter as federal budget cuts take effect. more
Toray gets certification for milk containers
NORTH KINGSTOWN – Toray Plastics (America) Inc. announced this month that the U.S. Food and Drug Administration’s Center for Food Safety and Applied Nutrition has granted the company Interstate Milk Shippers (IMS) certification for single-service products. more
5/21/12
Orders to U.S. factories climb on demand for autos, planes
Orders placed with U.S. factories increased in February, boosted by a pickup in demand for motor vehicles and commercial aircraft. more
F-35 program to benefit R.I. economy, say Lockheed officials
Officials from Lockheed Martin, the manufacturer of the F-35 Lightning II, stopped by the R.I. Department of Administration Thursday afternoon to discuss the need for the fifth-generation fighter aircraft and how its manufacture will benefit Rhode Island’s economy. more
Investments in people pay off for one firm
Successful companies make investments that pay off. And judging by that standard, one long-time Rhode Island manufacturer has been making some very successful investments. more
7/30/12
Hasbro forms partnership with World Trade Jewelers
Iconic toy- and game-maker Hasbro Inc. has formed a collaboration with World Trade Jewelers to create and distribute jewelry designs replicating some of Hasbro’s products. more
| 4/17/13
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