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The airplane manufacturer appointed Pat Waddick, a longtime employee and chief engineer of the company’s original aircraft, as president.
In partnership with Bobcat, the company just launched a new line of commercial utility vehicles, a move that signals its growing interest in the commercial market.
The company said it expects to close on its planned acquisition of Champion Technologies—which previously stalled amid federal antitrust concerns—in the first quarter.
The Bloomington-based maker of filtration systems lowered its sales and earnings outlook, saying it expects continued weakness in certain markets amid continued economic uncertainty.
Local incentives, including a reported $4.9 million tax incentive package, helped lure an investment that city and state officials believe will help retain about 1,200 jobs in Owatonna.
The Bloomington-based company said quarterly earnings climbed nearly 60 percent, driven by strong demand for large turf equipment and growth in “mico-irrigation” sales.
Cirrus Aircraft is one of several companies that is boosting headcount in Duluth.
A U.S. Department of Energy test exposed solar panels made by six manufacturers to high humidity and extreme temperatures and found that those made in a plant on Minnesota’s Iron Range are the most durable.
The company’s fourth-quarter profits jumped nearly 400 percent, driving shares of its stock to close Wednesday at a record high of $52.82.
Altec HiLine is awaiting approval for a $250,000 forgivable loan from the state that would aid its planned $1 million expansion in Duluth.
Target Field Legends Club - Carew Atrium
June 06, 2013
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