AM General Invests in Illinois Company

Posted: Updated:
AM General manufactures Humvees for the U.S. military. (photo courtesy of AM General) AM General manufactures Humvees for the U.S. military. (photo courtesy of AM General)
SOUTH BEND -

South Bend-based AM General LLC has announced an investment in Illinois-based artillery solutions company Mandus Group. Terms of the investment are not being disclosed, however a spokesperson for AM General says the company now has an ownership stake in Mandus Group.

AM General says the investment will help accelerate the deployment of various vehicle-mounted weapon systems, including those for the types of Humvees manufactured by the South Bend company. The investment also further aligns AM General's vehicle offerings with the U.S. Army's top priorities, according to the company.

"The AM General investment in Mandus Group demonstrates our collective commitment to the Quad Cities region and greatly facilitates cost effective and rapid delivery of the next generation artillery system to the soldier," said Kevin Jansen, president of Mandus Group. "The marrying of our product capabilities with AM General's global reach allows for an unprecedented leap forward in artillery technology."

AM General produces various Humvees for the U.S. military. Most recently, the company was awarded $210 million in contracts to produce 740 Humvees for the Army National Guard, along with technical support services.

  • Perspectives

    • Seven Steps to Overcome Your Fear of Writing

      "I hate to write!" While that phrase is music to my ears, because it ensures my income will persist, it also saddens me. Far too many people dislike writing, largely because they’re intimidated by the process of knitting words into sentences and sentences into paragraphs. Nearly everyone needs to write from time to time, and the ability to assemble words in a coherent way can impact your success. Whether you have to write reports, proposals, memos, or even emails...
    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Hoosier Companies Among 'Most Admired'

      Two Indiana companies are included in Fortune's 2019 list of the "World's Most Admired Companies." The list was determined by a survey of nearly 4,000 executives, directors and analysts who rated companies in their own industries based on criteria such as investment value, quality of management and ability to attract talent.

    • Books & Brews Acquires Flat12 Bierwerks

      Indianapolis-based Books & Brews has announced its acquisition of Flat12 Bierwerks, also based in Indy. Financial terms of the deal are not being disclosed, however Books & Brews says it will continue to operate Flat12 under the same brand name. The acquisition is a continuation of an existing partnership between the two entities. Books & Brews says Flat12 has been a brewery partner for the past two years, brewing all of B&B's flagship and seasonal beers.

    • Hoosier Companies Among 'Best and Brightest'

      Two Indiana companies are among more than 500 selected by the National Association for Business Resources as the 2018 Best and Brightest Companies to Work For in the Nation. The winners were chosen by an independent research firm from more than 2,400 nominations.

    • Indiana Liquor Group to Buy Save-On Liquor Chain

      Indiana Liquor Group LLC will work with the Indiana Alcohol & Tobacco Commission this week for final approval of its purchase of Save-On Liquor stores. Our partners at The Herald Bulletin report Phillip E. Miller agreed to sell the 31-location package store chain to ILG last month. 

    • Cook: Location, Funding Among Eleven Park Questions

      Several ambitious economic development projects are already taking center stage this year, particularly in central Indiana. Indianapolis-based KSM Location Advisors Chief Executive Officer Tim Cook and President Katie Culp say efforts like Eleven Park, which would include a new stadium for the Indy Eleven soccer team, and a potential casino in downtown Indianapolis are among the key projects being talked about. On the (i) on Economic Development segment on Inside INdiana Business...