It spent more than a decade developing the electromagnetic railgun and once considered putting them on the stealthy new Zumwalt-class destroyers built at Bath Iron Works.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Some 130 countries back deal on global minimum tax for companies
The agreement is an attempt to address challenges presented by a globalized and increasingly digital world economy in which profits can be relocated across borders.
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Posted inBusiness, Maine
Maine extends $1,500 hiring bonus through July
The incentive to hire unemployed Mainers has been requested for about 300 workers so far since it started last month.
Posted inBusiness, Maine
Legislature OKs moratorium on offshore wind projects close to Maine coast
The proposal, which aims to address concerns by the lobstering industry, was sent to Gov. Janet Mills, a supporter of wind power, for her signature.
Posted inBusiness, Maine
Bill to overhaul medical marijuana rule-making becomes law
Maine’s Office of Marijuana Policy now must consult with the cannabis industry and lawmakers before making any major regulatory changes.
Posted inBusiness, News
Maine jobless claims rise as U.S. claims fall to new pandemic low
Dozens of states began dropping expanded federal aid starting last month, but Maine continues to offer such benefits.
Posted inBusiness, Nation & World, News
Trump Organization, CFO plead not guilty to ‘sweeping and audacious’ tax fraud scheme
These are the first criminal indictments arising from a two-year investigation into the former president’s company.
Posted inBusiness, Nation & World
Amazon asks for FTC head to step aside from antitrust probes
Lina Khan has been a fierce critic of the the e-commerce giant, as well as of Facebook, Google and Apple.
Posted inBusiness, Maine, Morning Sentinel
Mountain View project looks to bring affordable housing option to Fairfield
The Mountain View affordable housing project moves closer to developer’s plan to build 28 one- and two-bedroom apartments at a building that previously served as a sanatorium in Fairfield.
Posted inBusiness, Maine, Morning Sentinel
Fairfield’s new disc golf course highlights growing popularity of sport in region
Angry Lobster Disc Golf will open for the first time Thursday, July 1, on property that was previously used as a tree nursery.