Goodrich snares piece of JSF contract

Goodrich Corp. says it will realize between $4 billion and $5 billion worth of business from the Joint Strike Fighter over the life of the program. But none of that will come to Goodrich’s Everett facility, until perhaps “incredibly long-term into the contract,” a spokeswoman said Monday. Goodrich said Monday it has signed a $70 million-plus contract for the initial design and development for the landing gear and undercarriage with Lockheed Martin, which beat The Boeing Co. to win the $200 billion JSF contract. Goodrich also will provide components for fuel gauges and related wire harnesses for the fuel measuring system. But Goodrich doesn’t do that kind of work in the Pacific Northwest, spokeswoman Gail Warner said. The contract won’t provide enough of an employment boost to lessen projected layoffs of 2,400 workers companywide, Warner added. Goodrich announced the layoffs last month, along with plans to close 16 plants around the country. Those layoffs will be in addition to the ones at Everett. Goodrich has released 305 of its workers here, according to state Employment Security Department officials. However, that’s less, than the 400 to 450 they initially planned to let go.

Interest rates on short-term Treasury securities fell in Monday’s auction, with six-month rates falling to their lowest level on record. The Treasury Department sold $16 billion in three-month bills at a discount rate of 1.975 percent, down from 2.050 percent last week. An additional $15 billion was sold in six-month bills at a rate of 1.920 percent, down from 2.005 percent. The three-month rate was the lowest since Aug. 18, 1958, when the bills sold for 1.895 percent. The six-month rate was the lowest since the government began selling the bills in 1958. The new discount rates understate the actual return to investors – 2.012 percent for three-month bills with a $10,000 bill selling for $9,950.10 and 1.966 percent for a six-month bill selling for $9,902.90. In a separate report, the Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable rate mortgages, fell to 2.11 percent last week from 2.31 percent the previous week.

Arlington-based US Marine Corp. announced the promotion of J.D. Sienicki Monday to senior vice president for engineering and product development. It also announced that Paul Cherney had been named to the new position of vice president of the Bayliner yacht division. Sienicki joined the company in 1998 as a vice president in engineering and product development. Cherney fills a new position in which he’ll be responsible for yacht sales and distribution.

From Herald news services

Talk to us

> Give us your news tips.

> Send us a letter to the editor.

> More Herald contact information.

More in Business

MyMyToyStore.com owner Tom Harrison at his brick and mortar storefront on Tuesday, Sept. 6, 2022 in Everett, Washington. (Olivia Vanni / The Herald)
Burst pipe permanently closes downtown Everett toy store

After a pipe flooded the store, MyMyToystore in downtown Everett closed. Owner Tom Harrison is already on to his next venture.

Lead climbers head up their respective routes at Vertical World North on Monday, Nov. 20, 2023, in Lynnwood, Washington. (Ryan Berry / The Herald)
Beginner’s ascent: A newcomer’s guide to indoor climbing

Indoor climbing gyms in and around Snohomish County offer thrills without winter chills.

Alexis Burroughs holds a bigleaf maple leaf while guiding her participants through sensory observation during a forest bathing session Sunday, Nov. 19, 2023, at Lord Hill Regional Park near Snohomish, Washington. (Ryan Berry / The Herald)
To restore human bond with nature, locals lead forest bathing sessions

A yoga instructor in Bothell and Adopt a Stream in Everett say the meditative practice evokes emotion, health benefits.

Instructor Gael Gebow checks her stopwatch while tracking her group’s exercises during her Boot Camp fitness class Monday, Nov. 13, 2023, at the YMCA in Everett, Washington. (Ryan Berry / The Herald)
YMCA fitness instructor challenges, empowers Everett residents

Gael Gebow has made inclusivity and healthy living her focus in 23 years at the YMCA.

A view of the Broadway construction site of Compass Health’s new mental health facility on Wednesday, Nov. 29, 2023 in Everett, Washington. (Olivia Vanni / The Herald)
Compass Health dedicates Everett block to housing and behavioral health services

The “state-of-the-art” project is set to total over $90M. The nonprofit has asked for public support.

More than 150 people attend a ribbon cutting event on Nov. 16, 2023 celebrating the completion of Innovation Hall at the University of Washington Bothell and Cascadia College campus. The building, which highlights STEM instruction and research, opens to students in January. Credit: Tara Brown Photography/UW Bothell
New science, math facility opens in January at UW Bothell

Innovation Hall is the first new building to be constructed at the Bothell university campus in 10 years.

Everett
Rairdon Auto Group acquires Pignataro VW in Everett

Everett VW dealership is the 12th for the Rairdon Group, which marks 30 years in business this year.

A Keyport ship docked at Lake Union in Seattle in June 2018. The ship spends most of the year in Alaska harvesting Golden King crab in the Bering Sea. During the summer it ties up for maintenance and repairs at Lake Union. (Keyport LLC)
In crabbers’ turbulent moment, Edmonds seafood processor ‘saved our season’

When a processing plant in Alaska closed, Edmonds-based business Keyport stepped up to solve a “no-win situation.”

Angela Harris, Executive Director of the Port of Edmonds, stands at the port’s marina on Wednesday, Jan. 24, 2024, in Edmonds, Washington. (Ryan Berry / The Herald)
Leadership, love for the Port of Edmonds got exec the job

Shoring up an aging seawall is the first order of business for Angela Harris, the first woman to lead the Edmonds port.

The Cascade Warbirds fly over Naval Station Everett. (Sue Misao / The Herald file)
Bothell High School senior awarded $2,500 to keep on flying

Cascade Warbirds scholarship helps students 16-21 continue flight training and earn a private pilot’s certificate.

Rachel Gardner, the owner of Musicology Co., a new music boutique record store on Thursday, Jan. 18, 2024 in Edmonds, Washington. Musicology Co. will open in February, selling used and new vinyl, CDs and other music-related merchandise. (Olivia Vanni / The Herald)
New Edmonds record shop intends to be a ‘destination for every musician’

Rachel Gardner opened Musicology Co. this month, filling a record store gap in Edmonds.

Melrose and Vine Collective owner Kara Langus in her vintage collection room at her store on Friday, Jan. 5, 2024 in Everett, Washington. (Olivia Vanni / The Herald)
New and vintage women’s boutique aims to dazzle in downtown Everett

Add some sparkle to your wardrobe: Melrose and Vine Collective opened inside a former bank building on Pacific Avenue.

Support local journalism

If you value local news, make a gift now to support the trusted journalism you get in The Daily Herald. Donations processed in this system are not tax deductible.