Indiana is one of eight states selected for a regional technology and innovation hub that will be part of a federally funded national network of centers supporting domestic production of microelectronics, semiconductor manufacturing and other advanced technologies.
Allison Transmission said its NextGen transmission, if accepted, will be part of the U.S. Army’s Optionally Manned Fighting Vehicle.
Connecting what happens behind the locked gates at Crane with the rest of Indiana’s economy takes some coordination. In the middle of that effort is the Indiana Innovation Institute.
Vertex 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 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.
The bill affirms a 3% pay raise for U.S. troops and guides defense policy, cementing decisions about troop levels, new weapons systems and military readiness, personnel policy and other military goals.
Reaching Gov. Eric Holcomb’s goal would entail boosting the amount of federal defense dollars spent in Indiana to at least $10.2 billion in the next five years.
Rolls-Royce in Indianapolis has been selected to build the jet engine to power the revolutionary MQ-25 Stingray.
Allison Transmission is concerned its specialized combat-vehicle transmission production line, which accounts for more than $100 million in annual revenue, is under threat.
The three-year project involves research into and development of materials and structures for reusable hypersonic aircraft, which travel at five times the speed of sound.
To counter defense-spending increases, the president plans to propose corresponding cuts to domestic programs and foreign aid.