AGP Executive Report
Last update: 8 hours agoAuto Manufacturing: Honda will invest $3 billion in a new Ohio plant for next-generation hybrids, adding capacity for 240,000 vehicles a year when production begins in 2029. The flexible facility is designed to build gas, hybrid and electric vehicles. Pharmaceuticals: Pfizer plans a $650 million manufacturing technology center in Groton, Connecticut, to produce ingredients and drug products for clinical trials; construction is slated to start this spring. Aerospace and Defense: Wing plans to invest up to $125 million in a Texas drone factory as it expands U.S. delivery operations. The Army also lined up 11 firms for a $4.2 billion ammunition-plant modernization program. Factory Activity: U.S. manufacturing added 19,000 jobs in October, while an industry survey marked a tenth straight month of expansion. But a separate outlook report pointed to growing caution among manufacturers.
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