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Daily Archives: May 30, 2012

General Atomics breaks ground for plant expansion

SHANNON — General Atomics’ Electromagnetic Systems Group (GA EMS) broke ground today on an expansion to its existing 127,000-square-foot facility in Shannon. The expansion project represents a $12 million corporate investment and will create 25 additional direct jobs over the next three years, according to the Mississippi Development Authority (MDA). From its Shannon location in Lee County, General Atomics manufactures, ...

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Phosphate Holdings loses $1.1M during first quarter

MADISON — Phosphate Holdings Inc. (PHI) reported a first quarter 2012 net loss of $1.1 million, compared to net income of $16,000 for the same period in 2011. The company incurred an operating loss of $1.9 million for the first quarter of 2012, compared to operating income of $53,000 for the prior-year period. Earnings before interest, income taxes, depreciation, amortization ...

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PSC, BancorpSouth, Renasant warn of debit card scam

TUPELO — Public Service Commissioner Brandon Presley is warning Mississippi consumers of a weekend series of scam calls claiming to be BancorpSouth asking customers to either validate or re-instate their debit cards. Presley said his office contacted officials with BancorpSouth and verified that the calls were indeed a scam. Similar calls went out a few weeks ago referencing Renasant Bank ...

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Timberland near Camp Shelby added to MSU's Bulldog Forest

FORREST COUNTY — A 352-acre tract of Forrest County timberland is now part of Mississippi State University’s Bulldog Forest program and the state’s only Army Compatible Use Buffer-designated property. Known as the Davis and Ann Mortensen Forest, the area is located in proximity to Camp Shelby, and is a joint project between MSU, MSU Foundation, Army and the Mississippi chapter ...

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Texting Leader, Pearl River Glass win MTA's New Venture Challenge

RIDGELAND and JACKSON — Ridgeland-based Texting Leader, LLC and Jackson-based Pearl River Glass Studio Inc. both received first place in separate divisions of the Mississippi Technology Alliance’s (MTA) Fifth Annual Mississippi New Venture Challenge at the Jackson Convention Complex. The New Venture Challenge is a business plan competition that provides an opportunity for aspiring innovators and technology entrepreneurs to pitch ...

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General Atomics begins Shannon expansion, expects to add 25 jobs

General Atomics’ Electromagnetic Systems (GA EMS) Group broke ground Wednesday on a $12 million expansion to its existing 127,000-square-foot facility in Shannon in Lee County. The expansion is expected to create 25 additional direct jobs over the next three years. From its Lee County location, General Atomics manufactures, assembles and tests Electromagnetic Aircraft Launch Systems (EMALS), which are used to ...

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Republicans: Seven elected officials to switch to GOP

AROUND MISSISSIPPI — The Mississippi Republican Party says at least seven local elected officials are switching to the GOP. State party spokesman Brett Kittredge says in response to a question from The Associated Press that the officials are from Leake, Jones and Newton counties. Party chairman Joe Nosef will announce the names of the new Republicans during a news conference ...

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City again delays move of employees into Metrocenter

JACKSON — The city of Jackson is changing the date again for moving around 300 employees to the Metrocenter. The Clarion-Ledger reports the big move now will go down before the end of July. The relocation of a handful of city departments has now had at least six projected move-in dates. October 1 was pushed to December. December became January ...

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Raytheon plant gets large share of aviation electronics contract

FOREST — The Raytheon Co. plant in Forest will get nearly half the work under a $9.4 million order to replace electronics in military jets. The Pentagon says the order from the Naval Air Systems Command in Maryland is for work on “countermeasure receivers” aboard F/A-18 jets. A news release said about 48 percent of the work will be done ...

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Trinity Yachts expanding into military, commercial vessels

GULFPORT — Trinity Yachts is diversifying its business — expanding with military and commercial vessels. The Gulfport company’s president tells WLOX television the move was needed after the 2008 economic crash reduced demand for luxury vessels. Now, John Dane says, the company needs welders and pipefitters for about three years’ worth of work. The changes required several million dollars in ...

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