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Poolside photos of 59-year-old Christie Brinkley are a Web sensation
FARMINGTON, Conn., July 3 (UPI) -- U.S. aerospace and industrial components manufacturer EDAC Technologies Corp. has obtained a new facility in Connecticut.
Acquisition of the 293,000-square-foot plant -- formerly owned by United Technologies Corp. -- negates an earlier relocation plan and allows EDAC to concentrate all its operations in Connecticut to the new location.
"We reacted quickly to the opportunity to purchase UTC's Pratt & Whitney Cheshire facility, which is world-class in every respect," said Dominick A. Pagano, EDAC's president and chief executive officer. "Sited on 50-acre campus, the significantly larger Cheshire facility is already equipped with the advanced manufacturing infrastructure to support our type of operations and projected future growth.
"As a result, the total cost of the Cheshire facility will be well below the combined purchase price and capital improvement/expansion budget for Plainville" facility the company acquired for some of its manufacturing units.
The Plainville site is being sold to a real estate investment firm.
The purchase of the Cheshire property was financed by a mortgage loan with TD Bank N.A.
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| Additional Security Industry Stories | |
ERBIL, Iraq, June 19 (UPI) --
Iraq's Kurds have consolidated their growing energy sector with Chevron Corp. securing a third exploration block in the semiautonomous northern region that increasingly operates as a de facto independent state and France's Total buying a majority stake in another.
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SAO JOSE DOS CAMPOS, Brazil, June 19 (UPI) --
Brazilian aircraft maker Embraer hopes to continue building up its sales of private jets at the same time as it expands capacity in defense, security and tactical transport.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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