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#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. No one thinks to ask whether the contractor has pledged its receivables to secure a loan or line of credit.

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Commonwealth Center For Advanced Manufacturing To Partner With The Department Of Defense Technology Development Institute

Buisness Facilities Contributed Content

DMDI is one of two new manufacturing innovation institutes being led by the Department of Defense (DoD). DMDI and the Lightweight and Modern Metals Manufacturing Innovation (LM3I) institute are industry, university and non-profit consortiums that will advance manufacturing technology developments to meet national security and energy needs.

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Boeing Begins Expansion Of 737 Commercial Delivery Center In Seattle

Buisness Facilities Contributed Content

Boeing has kicked off expansion of its 737 Commercial Delivery Center (CDC) at Boeing Field in Seattle. “This is a significant investment by Boeing in our region, securing our partnership for generations to come.” Posted by Heidi Schwartz . The CDC expansion is scheduled for completion in mid-2015.

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Industry Focus: Global Aerospace Production Soars To New Heights

Business Facilities

According to Deloitte’s 2014 Global Aerospace and Defense Outlook , the commercial aerospace sector is expected to experience significant growth this year, driven by continued record-setting production levels at assembly facilities and throughout the aerospace supplier network. The end of the Iraq war and the impending end of the U.S.

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Ball Aerospace Completes Final Phase of $75M Colorado Expansion

Buisness Facilities Contributed Content

The 90,000-square-foot expansion is designed to accommodate larger and more sophisticated satellites and simultaneous spacecraft builds to fulfill new NASA and the Department of Defense contracts for space-related assets. Ball is also a leading provider of commercial remote-sensing satellites. government and commercial entities.

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INDUSTRY FOCUS: Soaring To New Heights

Buisness Facilities Contributed Content

The Aerospace/Defense industry reported its third consecutive year of record revenue and profit last year. The uptick came on the strength of a surging commercial aviation market that more than offset a soft defense performance. However, defense companies face an uncertain 2013. By BF Staff. billion in operating profit.

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AAR to Open New Aircraft Maintenance Facility in Duluth, MN

Buisness Facilities Contributed Content

AAR , a provider of aircraft maintenance, repair and overhaul (MRO) services to commercial airlines announced it has passed the Federal Aviation Administration’s (FAA) certification approval process for a new aircraft maintenance facility in Duluth, MN. AAR's MRO facilities feature some of the most advanced equipment in the world.