Monday’s business headlines
INDIANAPOLIS (WISH) – Jane King is in with the latest business headlines.
Rolls-Royce
The Department of Defense has awarded a massive military contract to Rolls-Royce Corporation.
The $420 million contact calls for engine work for the U.S. Air Force.
The engines are produced in Indianapolis. It will also include program management and sustaining engineering services.
Healthcare
The Trump administration threw the insurance industry a curve ball.
It says due to a court ruling, payments have been suspended that are part of a program in the Affordable Care Act meant to help balance the insurance markets when some insurers inevitably got stuck with sicker, more costly patients.
The move could force some insurers to leave the market and drive up premiums for others.
FAA
The Federal Aviation Administration says that will not regulate a minimum seat size on airplanes.
Flyers Right.org says the FAA says there is no safety issues regarding the width of airplane seats.
Drones
Drones are being used used in construction, growth is even more than in agriculture and manufacturing.
The unmanned aerial vehicles are easier to maneuver than conventional vessels used to take shots.
In fact, drone deploy says construction drone usage has skyrocketed by 239 percent year over year, compared to 198 percent in mining and 172 percent in agrigulture.