Navy railgun contract awarded to three firms
BAE Systems IAP Research and Science Applications International will jointly develop an advanced electromagnetic railgun under a 34.5 million ONR contract. The project aims to move from single shot to multi shot capability with prototypes due in 2014. The railgun uses high power electromagnetic energy to launch hypervelocity projectiles beyond current Navy limits.
MENTIONED IN THIS ARTICLE
Dayton
Office of Naval Research
U.S. Navy
BAE Systems
Minneapolis
Minnesota
IAP Research
Science Applications International Corporation
Marietta
BAE
Navy
Steve Bennish
Cedar Fair reports record revenue prospects as Kings Island fixes overcharge issue
Cedar Fair Entertainment Co and its Warren County park Kings Island report early season sales ahead of 2012 with June card processing error now fixed. The incident caused some customers to receive double credits before banks retracted them, and Cedar Point parent Cedar Fair notes revenue growth driven by higher per capita spending and attendance.
MENTIONED IN THIS ARTICLE
Mason
Kings Island
Sandusky
Helbig
Cedar Point
Cedar Fair Entertainment Co
Cedar Fair
U S factory activity grows in June
U S manufacturing rose in June with the ISM index at 50.9, up from 49 in May, signaling growth. Export orders climbed to 54.5 from 51 as overseas demand improves, while factory employment slipped to 48.7, the lowest since September 2009, hinting at more job cuts in June.
MENTIONED IN THIS ARTICLE
Washington
U.S
Institute For Supply Management
Japan
Wall Street
Standard & Poor
Federal Reserve
Ben Bernanke
Bernanke
Ohio factory growth outlook amid global trade slowdown
In-depth coverage notes manufacturing remains a key Ohio economy segment as overseas markets and Europe’s slump weigh on exports. U.S. manufacturing slowed after three years of post recession support, with first quarter machinery investment down while Morgan Stanley economist Ted Wieseman notes a possible rebound. European activity improves in Britain, France, Italy, and Spain stabilizes. Japan’s large manufacturers show a brighter outlook for the first time in two years.
MENTIONED IN THIS ARTICLE
U.S
Europe
Ted Wieseman
Morgan Stanley
Britain
France
Italy
Spain
Japan
Wall Street climbs as manufacturing hints steady growth
Investors shrug at Fed stimulus plans as stocks rise on Wall Street amid modest June ISM manufacturing growth. The Dow adds 65 points while the S P 500 gains about 0.5 percent and the Nasdaq climbs, with traders awaiting further signals on policy and the economy.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Wall Street
Construction spending rises 0.5 percent in May
U S government data show total May construction spending at 874.9 billion dollars, up 5.4 percent from a year earlier. Private residential building climbs 1.2 percent to the highest since October 2008, while nonresidential activity falls 1.4 percent. Public construction gains 1.8 percent amid mixed state local and federal growth.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Also Mentioned on This Page
Zynga
Mark Pincus
Don Mattrick
Microsoft
Xbox
Pincus
Zynga Inc
Mattrick
Associated Press
Warren County
Kings Island Billings Fixed
Chelsey Levingston
Ohio
Fed
By Steve Rothwell
Jim Russell
Manufacturnng Ism N
Honda
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