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Shares of RTX Corp. fell nearly 8% in price Monday after the aerospace and defense contractor said it will have to remove and repair hundreds of engines.
STARC Systems, a Brunswick Landing-based maker of clean barriers used by hospitals during construction, has been acquired by North Branch Capital, a private equity firm in Illinois.
In 2020, OpBox production was curtailed because the supply of shipping containers was constricted. Enter a new type of composite for making building panels and systems.
Maine will be well-represented at the Natural Products Expo East Trade show in Philadelphia later this month.
Dragon Products Co. plans to begin phasing down operations in December and will eliminate nearly its entire workforce.
The $100 million Louisiana facility will convert sugarcane waste into biomass pellets. Player Design was selected as the engineering, procurement and construction provider for the entire facility.
U.S. Patent No. 11,712,456 for South Portland-based ElleVet Sciences covers the use of hemp extracts to treat pain and other conditions in animals.
Tuesday's event focused on actions that companies can take to navigate the triple bottom line of people, profit and planet.
The Downeaster train between Brunswick, Portland and Boston is one of 10 possible routes that may get more fuel-efficient Airo rail cars, although they won't make their U.S. debut until 2026.
The contract, approved by 72% of Machinists Union Local S6 members, provides the most significant pay increase in nearly 70 years, according to the union.
The two companies will pay penalties under agreements with the Environmental Protection Agency, which accused both of violating rules around the use of a refrigerant at their plants.
Contamination resulted from decades of shipbuilding and submarine repair work, landfill operations, spills and leaks, storage of batteries and other materials.
Mainebiz has compiled some of the news recently submitted by companies and nonprofits around the state.
The annual ranking of the "Best Places to Work in Maine" is based on employee surveys and other information. Names of the winning companies were released Friday.
The company, part of General Dynamics Corp., was awarded the contract following a "limited competition" with Huntington Ingalls Industries, according to the Department of Defense.
The ship is named for Col. Harvey C. Barnum Jr., who received the Medal of Honor for his heroism on the battlefield during Operation Harvest Moon in the Que Son Valley during the Vietnam War.