A portion of the Boeing 737 MAX 8 aircraft that the Federal Aviation Administration grounded Wednesday is built in Indiana. Our partners at WPTA-TV in Fort Wayne report BAE Systems Inc. produces spoiler control units for the aircraft at its facility near Fort Wayne International Airport.
The units, which affect the lift of the plane, are built in Fort Wayne and shipped to Washington for installation. BAE Systems received the contract to make the systems in 2013.
President Donald Trump announced Wednesday afternoon the FAA would be grounding all 737 MAX 8 and MAX 9 aircraft following the recent crash of an Ethopian Airlines flight. The crash was the second in recent months involving the aircraft.
BAE Systems released the following statement Wednesday evening to WPTA:
The cause of the Ethiopian Airlines crash remains under investigation. As a trusted supplier to Boeing on the 737 MAX, we stand ready to provide support and assistance to the investigation if needed. Any further inquiries regarding this matter should be directed to Boeing.
By Kathy Hower Senior Wealth Advisor, Bedel Financial Consulting Inc.
It’s May in Indy and the sound of revving racecar engines signals good times to come. But try to keep your spending under the yellow flag. Overspending on credit cards during the festivities could turn that May engine roar into a dreaded credit score “dent” come June. That’s not a great way to kick off summer. Here’s what to watch out for so your credit score will be a winner! FICO Credit-Scoring System The FICO (Fair Isaac Corporation) is the most...
Governor Eric Holcomb has named Cris Johnston Office of management and budget director. He previously served eight years for then Gov. Mitch Daniels as the executive director of the Office of Management and Budget’s division of government efficiency and later, as deputy chief of staff. Johnston will take over for Micah Vincent who is leaving the administration.
The mayor of Greenwood says a planned investment from Columbus-based Cummins Inc. (NYSE: CMI) for a new office in the Johnson County city will have a huge impact. The engine manufacturer announced Thursday it is investing $35 million to construct an digital and information technology hub near I-65 and County Line Road, which will house some 500 workers, with many earning six-figure salaries. In an interview with Inside INdiana Business Reporter Mary-Rachel Redman...
Medical device manufacturer PTS Diagnostics will today open its new global headquarters in Whitestown to all Indianapolis-area employees. The 135,000-square-foot facility will feature expanded manufacturing and office space to accommodate a majority of the company's current 240 employees as well as several open positions.
Indianapolis Mayor Joe Hogsett has announced $1.3 million in grants to support 70 nonprofit arts and cultural organizations serving residents in Marion County during the Annual Grants Program Award Ceremony conducted in the Indianapolis Artsgarden. Grant funding comes from the City of Indianapolis and the Capital Improvement Board and is awarded through a juried public panel process conducted by the Arts Council of Indianapolis.
Two Indiana casinos will soon be under new ownership. Las Vegas-based Pinnacle Entertainment Inc. (Nasdaq: PNK), which owns Ameristar Casino and Hotel in East Chicago and Belterra Casino Resort in Florence, is set to be acquired by Penn National Gaming Inc. (Nasdaq: PENN) in a $2.8 billion deal.