Raytheon Co. has obtained an $81 million contract to develop and make a new tactical system over the next 24 months in its Fort Wayne facility. No new jobs are planned, a spokeswoman said Tuesday.
The Advanced Field Artillery Tactical Data System integrates information from several sources, allowing ground forces to plan and coordinate attacks using mortars, air support, Navy gunfire, attack helicopters, rockets, guided missiles and other weapons, a news release said
The Fort Wayne operation is under Raytheons Network Centric Systems business, based in McKinney, Texas. Raytheon is headquartered in Waltham, Mass.
The contract includes an option to extend it for an additional 12 months and $18 million.
Honda supplier to add 325 jobs to Anderson
A top Honda supplier plans to build a $21 million central Indiana auto parts plant thats expected to bring about 325 jobs to the city of Anderson.
Greenville Technology Inc. announced Tuesday that it will build a 150,000-square-foot plant on 25 acres at the Flagship Enterprise Park in Anderson. Last week, Honda Manufacturing of Indiana said it would invest $40 million to boost production capacity at its Greensburg plant, adding about 300 jobs
JPMorgan settles credit card suit
JPMorgan Chase has agreed to pay $100 million to settle a lawsuit by customers who claim the nations largest bank improperly increased minimum payments on their credit card bills.
The proposed settlement would end a 3-year-old case against Chase for raising the cardholders minimum payment to 5 percent of account balances from 2 percent in 2008 and 2009. Cardholders claim Chase did it to make extra money on fees it charged to people who couldnt meet higher payments.
The settlement was disclosed in a filing Monday with the U.S. District Court in San Francisco.
Jobless rate up in area Ohio counties
Unemployment ticked up in northwest Ohio last month, but the jobless picture was still brighter than a year ago, according to figures the state released Tuesday.
Paulding County had the biggest surge in joblessness in June at 7 percent, up from 6.5 percent in May, but lower than the 9.3 percent in June 2011. Other data showed unemployment in Defiance County at 7.7 percent, up from 7.4 percent in May; at 7.2 percent for June in Van Wert County, up from 7 percent in May; and at 7.8 percent in Williams County, up from 7.5 percent in May.
A year ago in June, unemployment was at 10.1 percent in Defiance, 9.8 percent in Van Wert, and 11.3 percent in Williams counties.
GM shuts down Brazilian plants
The Brazilian subsidiary of General Motors Co. says it has temporarily shut down its eight production units near Sao Paulo amid fears of unspecified action by a local union that warns of imminent mass dismissals.
The auto company said in a statement Tuesday it closed down its plants and gave paid leave to its more than 7,000 employees to protect the physical integrity of its workers during talks about the continued viability of producing four of its models.
Details were not immediately provided by either the union or GM.