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Electric Boat has been awarded a $12.4 billion contract to build two new Virginia-class submarines. It’s money that was authorized in the defense budget for fiscal year 2024.
Stanley Black & Decker has raised its prices to account for the impact of tariffs, and says another price hike is on the way.
Stratford-based Sikorsky has signed a new long-term agreement to provide support for a Houston-based transportation company’s fleet of S-92 helicopters.
DVM Manufacturing, which makes low- and medium-voltage electrical distribution equipment, and has a facility in Naugatuck, has been acquired by a Dallas-based company.
Farmington elevator and escalator manufacturer Otis Worldwide Corp. said Wednesday that its first quarter profits fell 31%, driven, in part, by a drop-off in new orders from China.
East Hartford jet-engine maker Pratt & Whitney reported a 41% increase in operating profits during the first quarter of 2025, but its parent company warned of a significant potential impact from the Trump administration’s tariff policies.
Lukasz Poplawski has accomplished a lot since he founded Force Automation Inc. in New Britain in 2017.
Reed’s Inc., a Norwalk-based company that produces ginger beer, has appointed a new CEO to replace Norman E. Snyder Jr., who is retiring.
Electric Boat says it is preparing for a strike by its marine drafters, after the MDA union rejected an offer which the company revealed includes a 23.3% general wage increase over the life of the contract.
Union workers at Electric Boat have taken a vote authorizing a strike, if contract negotiations don’t come to a successful conclusion.
Connecticut aerospace supply chain company Whitcraft has agreed to pay $1.3 million in penalties to the federal government to settle allegations it unlawfully claimed small business set-aside contracts.
Members of MDA/UAW Local 571 say they plan to rally outside Electric Boat Thursday afternoon after the expiration of a contract with the submarine builder.
Mott Corp. says it will provide custom filtration to a large U.S. dairy farm operation as part of a nearly $40 million agreement.
Wallingford-based Amphenol is warning of the risks to its global operations posed by tariffs and other economic and political uncertainty.
In August 1955, the Steele Brook in Watertown, swollen with runoff from back-to-back hurricanes, overflowed its banks in a raging torrent that caused immense property damage.
Castillo Hermanos, a Guatemalan diversified company, has agreed to acquire Harvest Hill Beverage Co., a Stamford-based producer of Juicy Juice and Sunny Delight. The deal’s financial terms were not disclosed.