East Hartford-based jet engine manufacturer Pratt & Whitney has been hit with a class action lawsuit alleging the company engaged in a “no poaching” conspiracy in an attempt to keep labor costs in check.
When CEO Dean Marchessault shakes the last hand and says his final goodbyes to the 333 employees at American Eagle Financial Credit Union, successor Howard Brady will be left to face one of the toughest questions in business: How do you replace a legend?
It’s tricky when the footprint is large.
General Electric hasn’t been the same since Jack Welch left. Kevin Ollie stumbled trying to succeed Jim Calhoun as UConn’s basketball coach.
For Brady, the answer is simple: “Stick to the plan.”
The U.S. Justice Department’s probe of an alleged conspiracy among aerospace industry executives to restrict employees’ ability to move to other companies and secure better pay broadened Thursday as a federal grand jury in Bridgeport returned an indictment against six executives and managers.
Among those named in the complaint is Mahesh Patel, a Connecticut-based former director of global engineering services at an unnamed major aerospace engineering company and the suspected leader of the conspiracy, according to prosecutors.
Pratt & Whitney was awarded a $145 million contract modification to support F-35 depots, according to a contract filing from the U.S. Department of Defense.
The East Hartford-based manufacturer’s military engines division and Raytheon Technologies Corp. were awarded the modification to a previously awarded depot support contract on Monday, per the filing.