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| Business News - 2010 |
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Current News » News Archives: 2009 » 2008 » 2007 » 2006 » 2005 » 2004 » 2003 »
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| August 2010 |
- Groundbreaking today celebrates beginning of work on giant Redstone Gateway office park »
August 23, 2010
Kenneth Kesner, The Huntsville Times
HUNTSVILLE, AL -- The official start of work on the $1 billion Redstone Gateway office park will be celebrated today with an invitation-only groundbreaking ceremony under a tent at the Gate 9/Rideout Road entrance to Redstone Arsenal.
- Lockheed Martin opens battle management test facility at Huntsville »
August 19, 2010
Budd McLaughlin, The Huntsville Times
HUNTSVILLE, AL -- A missile defense system developed by three nations can lead to jobs for Huntsville. Lockheed Martin opened its Medium Extended Air Defense System (MEADS) battle management and test facility here Wednesday in what Lockheed's John Holly called a "team effort with industry, government, customers and our community."
- Teledyne Brown Engineering acquisition expected to increase manufacturing capabilities »
August 15, 2010
Marian Accardi, The Huntsville Times
HUNTSVILLE, AL -- Huntsville-based Teledyne Brown Engineering has acquired a British-based company in a move to significantly increase its manufacturing capabilities. TBE has had a strategy to grow its manufacturing business for at least the last three years, said Rex D. Geveden, TBE's president. "Acquisition of this business just reinforces our strategy to grow our manufacturing."
- Southern Research Opens Huntsville Engineering Office »
August 12, 2010
PRNewswire-USNewswire/ -- Southern Research Institute, a not-for-profit scientific research organization based in Birmingham, today announced the opening of its new office at 4910 Corporate Drive in Huntsville, Ala. The Huntsville office will support Dept. of Defense and NASA programs, and serve as a center for business development activities in the Huntsville market.
- Wyle buys Huntsville-based CAS for $235 million »
Monday, August 09, 2010
Budd McLaughlin, The Huntsville Times
HUNTSVILLE, AL -- ITT is selling CAS, its Huntsville-based systems engineering and technical assistance services business, to Wyle for $235 million. The sale is expected to close by the end of this year.
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| July 2010 |
- Huntsville-based Macro Industries creating 'Transformer' for military »
July 21, 2010
Budd McLaughlin, The Huntsville Times
HUNTSVILLE, AL -- "The objective of the Transformer (TX) program is to demonstrate a four (4) person flyable/roadable vehicle that provides the warfighter terrain-independent mobility. This presents unprecedented capability to avoid traditional and asymmetrical threats while avoiding road obstructions. TX will enable enhanced company operations of future missions with applicable use in strike and raid, intervention, interdiction, insurgency/counterinsurgency, reconnaissance, medical evacuation and logistical supply. The TX vehicle will have Vertical Takeoff and Landing (VTOL) capability with a minimum combat range of 250nm on a single tank of fuel."
- Raytheon to construct missile production facility on Redstone Arsenal, creating 300 jobs in Huntsville »
Monday, July 19, 2010
Budd McLaughlin, The Huntsville Times
HUNTSVILLE, AL -- Raytheon is planning to build a state-of-the-art missile production facility on Redstone Arsenal and creating about 300 jobs. The aerospace giant already employs about 600 people in Huntsville. The announcement is to be made today by Dr. Taylor Lawrence, president of Raytheon Missile Systems, at the Farnborough Air Show near London.
- Norris Cylinder celebrates grand opening of Huntsville production
plant »
Wednesday, July 14, 2010
Marian Accardi, The Huntsville Times
HUNTSVILLE, AL -- Norris Cylinder marked the grand opening of its Huntsville production plant with a ribbon-cutting ceremony today, and its president said he anticipates a "great future here." The company, based in Longview, Texas, supplies high-pressure and low-pressure gas cylinders to store, transport and dispense compressed industrial gases. Norris acquired some assets of Taylor-Wharton International's high- and low-pressure cylinder business through the bankruptcy process last month. As part of the transaction, Norris also acquired the Huntsville plant at 521 Green Cove Road.
- Downtown Madison getting a facelift »
Monday, July 12, 2010
Yvonne T. Betowt, The Huntsville Times
MADISON, AL -- The City of Madison is getting a facelift -- to the tune of $305,000. Today at 4 p.m., city officials will announce plans to begin the long-awaited Streetscape improvements in the downtown area. Madison business owners Cindy and Tony Sensenberger will also announce plans for a two-story, six-unit shopping complex. It will occupy the vacant lot next to the old Clay Museum which the Sensenbergers purchased and turned into an art gallery/studio called 16 Main.
- Intergraph agrees to be acquired by Swedish technology company Hexagon AB »
Thursday, July 08, 2010
Marian Accardi, The Huntsville Times
HUNTSVILLE, AL -- Intergraph, one of Huntsville's oldest technology companies, is changing hands once again. The company announced Wednesday it agreed to be acquired by Hexagon AB, a Swedish technology company, for $2.1 billion. R. Halsey Wise, Intergraph's chair, president and CEO who took over in 2003, said it will still be "business as usual" at Intergraph. The company will remain a separate division within Hexagon when the deal is completed, retaining the Intergraph name.
- NASA says Huntsville Constellation layoffs number 'around 500' »
Wednesday, July 07, 2010, Lee Roop, The Huntsville Times
HUNTSVILLE, AL - NASA's Marshall Space Flight Center said here today that its contractors estimate they had to lay off "around 500" people working on the Constellation rocket program in the last few weeks.
- Lockheed trims execs as Pentagon seeks savings »
Published: Tuesday, July 06, 2010
The Associated Press
BETHESDA, Md. -- Lockheed Martin says it plans to reduce its executive ranks by February, a move that comes as the Pentagon pressures defense contractors to cut overhead costs on huge weapons programs. Directors and vice presidents are being offered financial incentives to leave by Feb. 1 under a voluntary separation program.
- United Space Alliance to reduce workforce by 15%; about 10 jobs in Huntsville »
Tuesday, July 06, 2010
The Huntsville Times staff
The United Space Alliance plans to lay off about 15 percent of its space shuttle workforce, the company announced Tuesday. The move, effective Oct. 1, is expected to cut about 10 jobs in Huntsville, along with about 800 to 1,000 employees in Titusville, Fla., and another 300 to 400 employees in Houston.
- Boeing reduces Constellation layoff from 100 to 29 workers »
July 02, 2010
Lee Roop, The Huntsville Times
HUNTSVILLE, AL -- The Boeing Co. gave Huntsville's layoff -shaken aerospace community some good news heading into the holiday weekend, saying it had managed to cut a planned layoff today from 100 to 29 employees. Spokesman Ed Memi said the job savings came through transfers, retirements and other management moves.
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| June 2010 |
- New Auburn research center in Huntsville set for 'soft opening' »
Wednesday, June 30, 2010
Paul Gattis, The Huntsville Times
HUNTSVILLE, AL -- Eager to work with federal agencies and industry, Auburn University is opening a research center in Huntsville on Thursday. But what's described by Brian Keeter, AU director of public affairs, as a "soft opening" will actually be the start date for the only employee at the center located in Cummings Research Park. It's expected to grow quickly, though, and a more formal grand opening is scheduled for September.
- Super-high speed Internet connection in view for Huntsville's HudsonAlpha Institute »
Wednesday, June 30, 2010
Steve Doyle, The Huntsville Times
HUNTSVILLE, AL -- Huntsville's HudsonAlpha Institute for Biotechnology has a fast Internet connection now. But it's about to go warp speed. Last week, the City Council voted to run new fiberoptic lines to HudsonAlpha's Cummings Research Park campus so researchers can access the Alabama Supercomputer Authority network.
- Aerospace and defense mean nearly 158,000 jobs to Alabama »
Wednesday, June 30, 2010
Lee Roop, The Huntsville Times
HUNTSVILLE, AL. - People may think football and farming when they think of Alabama, but two new academic studies show the state's growing links to aerospace and defense. Together, both sectors grew by 13 percent between 2002 and 2008, according to a study by the University of Alabama in Huntsville.
- 102 Huntsville Constellation workers laid off Tuesday; total nears 300 »
Wednesday, June 30, 2010
Lee Roop, The Huntsville Times
HUNTSVILLE, AL. - A key NASA contractor laid off 102 aerospace workers in Huntsville Tuesday, sources said, bringing to nearly 300 the number reportedly sent home in the last week as the Constellation rocket program collapses toward a funding deadline today. Jacobs ESTS group, a prime contractor for Constellation, made the cuts, according to workers who asked not to be identified and a new Facebook page called Huntsville Space Professionals.
- Boeing could lay off 180 after Constellation funding cuts »
Friday, June 11, 2010
Lee Roop, The Huntsville Times
A surprise NASA decision to invoke an obscure federal spending law to slash Constellation rocket funding this summer could cost hundreds of Huntsville workers and up to 5,000 nationwide their jobs, the space agency confirms. The Boeing Co., which employs 300 people on Constellation here, said Thursday it will hand termination notices to an unspecified number July 2. Their jobs will end Sept. 3 unless Boeing can find slots in other programs, spokesman Ed Memi said.
- New building expands Analytical Services' campus in Cummings Research Park »
Thursday, June 10, 2010
By Marian Accardi, The Huntsville Times
A second facility for Huntsville-based Analytical Services Inc. has opened at its campus in Cummings Research Park to accommodate future expansion. Completed last month, the 27,000-square-foot building will provide more offices for ASI, a subsidiary of Greenbelt, Md.-based ASRC Federal Holding Co., and other ASRC Federal subsidiaries.
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| May 2010 |
- UAH to get new $25M center »
Griffin to head study of how complex systems interact
Friday, May 21, 2010
By Lee Roop, Times Staff Writer lee.roop@htimes.com
A new $25 million academic center here will pioneer the study of complex systems like the ones that failed in the Gulf oil spill, officials said Thursday. The new Center for Systems Studies will be built on the University of Alabama in Huntsville campus and headed by former NASA administrator and UAH eminent scholar Dr. Michael Griffin.
- SirsiDynix plans to close Huntsville, St. Louis offices in consolidation effort »
By Marian Accardi, May 17, 2010
A company specializing in library automation software and services that's had a Huntsville presence for the last 30 years will close its office here. SirsiDynix plans to bring customer support and development roles "under one roof" in Provo, Utah, and will close its Huntsville and St. Louis offices, a company spokeswoman said today.
- Madison County approves tax district for proposed $1 billion Redstone Gateway »
By Keith Clines, The Huntsville Times, May 17, 2010
HUNTSVILLE, AL - The Madison County Commission gave its stamp of approval this morning to a special tax district for the proposed $1 billion Redstone Gateway office park at Interstate 565 and Rideout Road.
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| April 2010 |
- Helicopter repair company opens business office here »
By Keith Clines, The Huntsville Times, April 29, 2010
HUNTSVILLE, AL - Vector Aerospace opened a business support office here this morning to strengthen its support of the U.S. Army's aviation operations at Redstone Arsenal. Vector provides maintenance, repair and overhaul of helicopters and airplanes to several branches of the U.S. military and other countries.
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| March 2010 |
- Millennium Engineering and Integration opens second location in Huntsville to accommodate product development »
By Marian Accardi, March 29, 2010, 3:23PM
Millennium Engineering and Integration has opened a second location in Huntsville where it will develop products for the Department of Defense and NASA. Arlington, Va.-based Millennium, an employee-owned company that specializes in space and weapon systems and advanced technologies, opened an office in Huntsville in late 2005 with a staff of three. Its original focus was on engineering services.
- Kroger store to be built at U.S. 72, Jeff Road intersection »
By Marian Accardi, March 23, 2010
A 100,000-square-foot Kroger Marketplace store and fuel center will be built at U.S. 72 and Jeff Road, with construction expected to start next month and a tentative opening this year.
- Huntsville lands low-fare air carrier AirTran »
By Keith Clines, March 06, 2010
Officials hope that landing low-fare air carrier AirTran in Huntsville will help reduce above-average air fares at Huntsville International Airport and lead to deeper reductions if the airline challenges market leader Delta Air Lines for service to Atlanta.
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| February 2010 |
- Huntsville ranked second among metro areas in Moody's Economy report on expected employment growth »
By Marian H. Accardi, February 19, 2010
Huntsville was ranked second out of 387 metro areas - and Mobile was No. 4 - in Moody's Economy's latest report on expected employment growth.
- Huntsville International Airport receives $1 million federal grant to woo low-fare carrier »
By Keith Clines, February 19, 2010
Huntsville International Airport will use a $1 million federal grant announced Thursday to help lure a low-fare carrier provide service to and from the Washington area and Orlando. Huntsville has had the most expensive average airfares in the nation for the past nine months, according to the federal Bureau of Transportation Statistics. Huntsville's average airfare for the third quarter of 2009 was $492.
- DAU campus growing »
By Marian H. Accardi, February 17, 2010
New building provides more space for students, employees A new 62,500-square-foot building for Defense Acquisition University's South Region campus in Huntsville will allow the Department of Defense agency to provide training for more students.
- Redstone office park clears legislative hurdle »
By John S. Peck, February 11, 2010
A key bill that would pave the way for a $1 billion defense-critical office park at Redstone Arsenal sailed through the Alabama Senate on Tuesday, effectively assuring final passage this session. The House approved an identical bill so all that remains is for one or the other chamber to concur with what it had already approved.
- $25 million Von Braun Center makeover to become much more visible next week »
By Steve Doyle, February 06, 2010
A $25 million renovation of the Von Braun Center that got rolling in November shifts into high gear next week. Executive Director Steve Maples said workers will begin peeling away the 35-year-old VBC arena facade Tuesday -- the most visible step yet in upgrading the sprawling entertainment venue.
- MDA deal will bring more jobs to area »
Bastion wins 1 of 3 QSMA contracts, valued at $209M
Wednesday, February 03, 2010
By Budd McLaughlin, Times Business Editor budd.mclaughlin@htimes.com
A recently awarded $209 million Missile Defense Agency contract will likely lead to more jobs in the area. Houston-based Bastion Technologies received one of three MDA Engineering and Support Services QSMA contracts, each valued at over $209 million.
- City leaders hail historic feat »
National group honors 12 places for their rich heritage
Wednesday, February 03, 2010
By Deborah Storey, Times Travel Editor deborah.storey@htimes.com
Huntsvillians already like to think of their city as a distinctive place. The National Trust for Historic Preservation has named Huntsville one of America's Dozen Distinctive Destinations for 2010.
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| January 2010 |
- Huntsville firm gets $209 million contract »
1/29/2010
The Associated Press (AP)
A Huntsville safety engineering company has been awarded a contract worth more than $209 million from the Missile Defense Agency and will add more than 100 jobs.
- Army foreign sales command's presence in Huntsville could help firms get international attention »
By Kenneth Kesner January 21, 2010
The goals of the U.S. Army Security Assistance Command, which handles foreign military sales, aren't very different than those of the North Alabama International Trade Association, according to USASAC Commander Brig. Gen. Christopher Tucker.
- Army moving two contracting commands to Redstone Arsenal »
By Kenneth Kesner, January 08, 2010
The Army is moving the headquarters for its Contracting Command and Expeditionary Contracting Command to Redstone Arsenal from Fort Belvoir, Va. The "force structure" move, announced Thursday, will reassign 79 soldiers and 234 civilians to Redstone and is expected to be completed in August 2011.
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