Columbus-based Cummins has confidentially filed paperwork with the Securities and Exchange Commission for an initial public offering for its filtration business. Cummins announced last summer that it was looking at “strategic alternatives” for the business.
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A coalition of city-county government and local community groups this week completed a final round of applications for a federal grant of up to $75 million, that could total $90 million with a required local match.
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Raytheon’s Indianapolis site is now operating under the Vertex name following a recent acquisition by Madison, Mississippi-based Vertex Aerospace, but that name is expected to change again in the months to come thanks to another acquisition.
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Columbus-based Cummins said its acquisition of Michigan-based Meritor, a maker of electric axle and brake technology, will help accelerate Cummins’ electric and hybrid business.
Read MoreVertex announced this week that it has been awarded a seat on a $46 billion Air Force contract, which gives the company the right to bid on projects that fall under the contract.
The new facility in the 16 Tech Innovation District, the Emerging Manufacturing Collaboration Center, is part collaboration space, part learning lab and part development and testing center.
In Indianapolis, Rolls-Royce plans to add 150,000 square feet to the east side of its Tibbs Avenue facility, expanding and improving its testing capabilities at the site.
A growing number of Hoosier companies say advanced technology is improving productivity and profits, but that choosing and implementing the right tech can be challenging.
Indianapolis-based Allison, which recently formed a partnership with Beijing-based Jing-Jin Electric, announced Wednesday that it will participate in Jing-Jin’s upcoming initial public offering.
Retired from Telamon Corp., Chen founded Telamon Robotics, which sells collaborative robots and helps companies integrate the technology into their operations.
The contract to supply new engines for the B-52 bomber fleet could be worth up to $2.6 billion. It’s one of the largest contracts that Rolls’ Indianapolis operation has ever pursued.
Manufacturing Readiness Grants launched last year as a pilot to stimulate private-sector investments in modernizing Indiana’s manufacturing sector.
About 50 students will learn foundational problem-solving skills and hands-on manufacturing techniques during the 160-hour Catapult program, which could act as a feeder for the upcoming Cook Medical manufacturing facility in the Arlington Woods neighborhood.
With a last name that means “maker of carts,” Fred Cartwright jokes that he was destined to work in some form of transportation manufacturing. After carving out a nearly four-decade career in manufacturing innovation, he is now the president and CEO of Conexus Indiana.
The $600 million project, announced in 2015, included upgrades to the facilities, machinery and manufacturing processes at Rolls-Royce’s Indianapolis operations. A pandemic-delayed celebration of the project is scheduled to take place Wednesday afternoon.
Conexus’ new president and CEO, Fred Cartwright, has held a variety of innovation-focused leadership positions in the manufacturing industry, including at Allison Transmission, General Motors and an automotive research facility affiliated with Clemson University in South Carolina.
Companies that map their supply chains can gain insights into where its various tiers of suppliers are located, the relative importance of each supplier and other critical data points, industry experts said at an IBJ event Friday.
A global semiconductor shortage, driven in large part by pandemic-related factors, is forcing many central Indiana manufacturers and distributors to broaden their supply base and forecast their needs longer term, along with hoping for federal aid from the president’s infrastructure proposal.
The Indianapolis-based manufacturer said it expects 2021 net sales to range from $2.33 billion to $2.48 billion. That’s an improvement from the guidance the company issued in February.
The partnership, which is expected to tackle several research projects per year, is aimed at strengthening the cybersecurity of Rolls-Royce’s products, which are used in civilian and military aircraft, nuclear power plants and other applications.
Mark Howell, 56, who joined Conexus in 2018, plans to focus on volunteer and philanthropic activities after leaving the Indianapolis-based not-for-profit, the organization said Wednesday.
Allison Transmission’s fourth-quarter financial performance exceeded analysts’ revenue expectations but fell short of profitability forecasts.
The Indiana-based manufacturer said sales in North America declined 21% last year, but its sales in China reached record levels, up 25% from the previous year.
During his presidential campaign, Biden detailed a multi-pronged plan to address climate change by, among other things, tightening fuel economy standards and moving the United States to 100% clean-energy sources by 2050.
