Top Headlines: Navy to bolster LCS weaponry, Hyundai Motor posts surprising net loss

Navy moves ahead with plan to bolster LCS weaponry
The U.S. Navy is moving ahead with plans to bolster the firepower of its littoral combat ships, adding new capabilities to the vessels that will improve their lethality and survivability in a conflict, a Lockheed Martin executive said Jan. 17. Plans are underway to equip the LCS with the Naval Strike Missile, an over-the-horizon anti-ship missile made by the Norwegian company Kongsberg Defence and Raytheon described as having a “long-range surface-to-surface capability that exceeds what the [Boeing-made] Harpoons can do today.” – Business Insider

Paper says state schools need to be more about auto
If Alabama wishes to maintain its auto manufacturing edge, the state’s education system needs to prepare a new generation of workers not just for today’s jobs, but tomorrow’s. That’s the verdict of a white paper out from Alabama A&M University’s College of Business and Public Affairs. –

Hyundai Motor suffers first net loss in eight years
South Korea’s Hyundai Motor surprised the market on Thursday by posting its first quarterly net loss in at least eight years as its vehicle sales slumped in the key China market. Hyundai has been grappling with the lack of attractive models and strong branding in China, its biggest market where the auto industry’s sales contracted for the first time in more than two decades last year due to the Sino-U.S. trade war and the phasing out of tax cuts on smaller cars. – Reuters

Orchestra Partners: ‘We’re trying to build a city we want to live in’
John Boone and Hunter Renfroe had a busy 2018, as their real estate development group Orchestra Partners was involved in several projects key to the ongoing downtown renaissance of Birmingham. Last year saw the opening of the Woolworth, the group’s social house concept at Five Points South, and the completion of the first phase of Founder’s Station on Morris Avenue. In addition, construction finished on Printers Corner, which repurposes the building for mixed use. –

CFD licenses battery tech to EaglePicher
CFD Research Corporation has signed an exclusive agreement for usage of its high-voltage battery materials to EaglePicher Technologies. This new material offers a significant increase in operating voltage while also providing improvements in capacity and impedance and will enable a next generation of thermal batteries capable of meeting customer’s increasing demands. – News release

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Allison, Farmer get lofty view of Talladega tunnel project
At various times over the years, racing legends Donnie Allison and Red Farmer of the original famed Alabama Gang were on top of the world at Talladega Superspeedway with victories and trips to Gatorade Victory Lane. Well, Wednesday, they found themselves on top again, but this time in a boom lift, getting a bird’s eye view of the precast tunnel arches that were put into place as the roofline for the all-new Turn 3 Oversized Vehicle Tunnel, the first development of the 2019 Transformation Infield Project. – News release

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