Wayne Heilman

Business Reporter

  • Lockheed Martin to layoff 270 in Colorado Springs after losing key contract

    Updated: 16 hr ago

    Lockheed Martin Corp. has informed 270 employees in Colorado Springs they will lose their jobs in September, when a key contract ends and moves to Raytheon Co., unless the Government Accountability Office upholds the defense giant's protest of the $700 million contract award in March....

  • Progressive hiring 193 by year's end at Colorado Springs call center

    Published: Mon, Jul 27, 2015

    Insurance giant Progressive Corp. announced Monday plans to hire 193 sales representatives and claims adjusters for its Colorado Springs call center by the end of the year. The company, which employs 1,200 in the call center and 400 more in an information technology operation at the...

  • Colorado Springs hotels report strong numbers for June

    Updated: Tue, Jul 21, 2015

    Low gasoline prices and a flurry of advertising designed to attract visitors to Colorado have combined to produce the Pikes Peak region's best tourism season since the recession - and filling local hotels in the process, tourism industry officials say. The occupancy rate for local...

  • Colorado Springs-based bank hires new president to help it grow

    Updated: Sat, Jul 18, 2015

    The once-troubled Rocky Mountain Bank & Trust, which has spent the last six years cleaning up loan and securities portfolio problems, has a new president whose goal is to help the bank move forward and add customers. "It is a big positive to have (these problems) behind us so we can...

  • Colorado Springs company building $2 million cyber security operations center

    Updated: Sat, Jul 18, 2015

    Root9B, a Colorado Springs cyber security provider, plans to open a $2 million operations center next month in a downtown office tower to offer government and commercial clients remote computer network defense, training and other services. Company CEO Eric Hipkins said the center in...

  • Two Colorado Springs startups land biggest venture funding haul since 2012

    Updated: Fri, Jul 17, 2015

    Two Colorado Springs startups combined to land $6.83 million in venture capital during the second quarter of 2015, the most funding invested in local firms since late 2012, while both state and national venture investment surged to the highest levels in more than a decade. Pathar...

  • Colorado Springs Airport seeking expanded zone to offer tax breaks to aviation firms

    Updated: Thu, Jul 16, 2015

    Colorado Springs' commercial aviation zone, which offers tax breaks to aviation-related businesses, would be enlarged to accommodate an influx of new suppliers and vendors who want to serve aerospace companies that are expanding at the city's airport. The expansion plan, submitted by...

  • Terminated Vectrus exec to receive year's salary and benefits

    Updated: Tue, Jul 14, 2015

    Colorado Springs-based defense contractor Vectrus Inc. has agreed to pay its former second-ranking executive a year's salary and benefits after he was terminated last month in what originally was called an "early retirement," the company told stockholders Monday. Theodore R. Wright...

  • Slow, steady improvement expected for Colorado Springs economy

    Updated: Mon, Jul 13, 2015

    Expect more of the same - gradual improvement - from the Colorado Springs economy during the rest of this year and into 2016, say economists who follow the local economy. The four economists - Tom Binnings of Summit Economics LLC, Tatiana Bailey of the Southern Colorado Economic...

  • Looking for a big raise with your job in Colorado Springs? Well ...

    Updated: Sun, Jul 12, 2015

    Looking for a big raise next year? Don't plug much of an increase into your 2016 budget, according to an annual survey by the Mountain States Employers Council, a Denver-based organization that provides employment law, human resource and training services to more than 3,000 employers...

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