Manufacturing

GENERAL DYNAMICS Electric Boat has reached a multi-year multibillion contract with the U.S. Navy to build nine new Virginia-class submarines, with an option to build a tenth submarine. / COURTESY GENERAL DYNAMICS ELECTRIC BOAT

General Dynamics gets a multibillion-dollar Navy submarine deal

Manufacturing 11/04/2019

WASHINGTON – The U.S. Navy has reached an agreement with General Dynamics Corp. on a multibillion-dollar deal to buy the next batch of Virginia-class...

ASPEN AEROGELS reported a $2.3 million loss in the third quarter. Meanwhile, the company boosted its revenue 48% year over year to $35.4 million.

Aspen Aerogels boosts revenue, reports $2.3M loss

Manufacturing 11/01/2019

NORTHBOROUGH, Mass. – Aspen Aerogels Inc. reported a loss of $2.3 million in the third quarter, compared with a loss of $6.5 million one...

U.S. MANUFACTURING contracted for the third straight month in October, according to the Institute for Supply Management. / BLOOMBERG NEWS FILE PHOTO/MATTHEW BUSCH

U.S. factory gauge signals contraction for third-straight month

Manufacturing 11/01/2019

WASHINGTON – A gauge of United States manufacturing trailed estimates for October and signaled the sector contracted for a third-straight month, with the weakest...

U.S. NONFARM PAYROLL employment increased 266,000 in November. / BLOOMBERG NEWS FILE PHOTO/JEENAH MOON

U.S. hiring resilient with 128,000 gain despite strike, census

Manufacturing 11/01/2019

WASHINGTON – United States hiring was unexpectedly resilient in October and prior months saw sharp upward revisions, offering hope that the labor market can...

ACUSHNET HOLDINGS CORP., parent company of the Titleist and FootJoy golf brands, reported a profit of $30 million in the third quarter of 2019. / COURTESY TITLEIST

Acushnet Holdings reports $30M Q3 profit on strong Titleist club sales

Manufacturing 10/31/2019

FAIRHAVEN – Acushnet Holdings Corp., owner of the Titleist golf brand, reported a profit of $30 million in the third quarter, more than tripling...

SENSATA TECHNOLOGIES reported a $70.7 million profit in the third quarter of 2019. / COURTESY SENSATA TECHNOLOGIES

Sensata reports $70.7M profit in third quarter amid revenue slip

Manufacturing 10/30/2019

ATTLEBORO – Sensata Technologies reported a $70.7 million profit in the third quarter, a 52.6% decline year over year. Earnings per diluted share in the...

GENERAL ELECTRIC CO. reported a loss of $9.4 billion in the third quarter, an improvement from the company's previous quarters. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

GE soars as another boost to cash forecast buoys turnaround

Manufacturing 10/30/2019

NEW YORK – General Electric Co. surged after the manufacturer raised its 2019 cash-flow forecast for the second straight quarter, giving CEO Larry Culp’s...

CITIZENS BANK announced a partnership with software giant Microsoft and online retail giant Amazon to provide no-interest financing for consumers wanting to buy the Xbox All Access program. Shown here is an Xbox One video game console at a Wal-Mart store in Los Angeles / BLOOMBERG NEWS FILE PHOTO/PATRICK T. FALLON

Citizens Bank partners with Microsoft and Amazon on consumer financing

Manufacturing 10/29/2019

PROVIDENCE – Citizens Bank announced a partnership Tuesday with two of America’s corporate giants – Microsoft Corp. and Amazon.com Inc. – in which the...

MANUFACTURING MADE UP 11% of gross domestic product in the second quarter, the smallest share in data going back to 1947. / BLOOMBERG NEWS FILE PHOTO/MATTHEW BUSCH

Manufacturing is now smallest share of U.S. economy in 72 Years

Manufacturing 10/29/2019

WASHINGTON – Three years after Donald Trump campaigned for president pledging a factory renaissance, the opposite appears to be happening. Manufacturing made up 11% of...