Michael Field, chief of police for Bath, Maine, clarified his position on activists who have staged protests at Navy contractor Bath Iron Works, in an email one day after a story published on this website reported his invoking of an exemption for anti-terrorism planning in denying a recent state Freedom of Access Act request.
“I do not characterize the protestors as terrorist,” Field wrote Tuesday. “Having said that, the planning and operational details that go into the events at BIW are more broad than just protestors.”
The Freedom of Access request sent to Field and his administrative assistant earlier this month sought “an opportunity to inspect or obtain copies of public records that show communications between the Bath Police Department and Bath Iron Works concerning policing of protests at the Bath Iron Works shipyard” over the past two years. Continue reading Bath Police Chief Says He Does Not ‘Characterize’ Peace Activists as Potential Terrorists
When faced last year with growing criticism over her plans to propose a $60-million tax deal to one of Maine’s largest private employers, state Rep. Jennifer DeChant turned to an apparently reliable ally: the very company she was advocating for.
“Jon- I am sure you have seen the Op Ed piece below,” DeChant said in a Dec. 4 email to Bath Iron Works attorney Jon Fitzgerald, following the publication that same day of a commentary in Portland’s Press Herald by peace activist Bruce Gagnon, titled, “General Dynamics has no business asking for more tax breaks.”
DeChant continued, “I am looking for some talking points to counter this.” She suggested they would be used in an upcoming meeting with constituents. Continue reading Maine State Rep. Jennifer DeChant Sought Corporate ‘Talking Points’ to ‘Counter’ Activists
[NOTE: A version of this opinion article was published in The Day newspaper, of New London, Conn.]
General Dynamics is not a poor company.
Far from it.
Like all of the country’s top defense contractors, its stock is trading at record highs. As of this writing, one share in the Falls Church, Virg.-based company costs more than $226, nearly $55 more than tech giant Apple.
General Dynamics’ current market capitalization, a measure of a company’s value, is $67.2-billion, up $14.6-billion from 2016. To put that into context, Maine’s entire gross domestic product was $59.3-billion in 2016.
On a recent earnings call, CEO Phebe N. Novakovic told analysts the company’s revenue last year exceeded $31.7-billion, outperforming the prior year by $412-million. Cash flow for the year was $3.45-billion.
And things should only get better. Continue reading General Dynamics Doesn’t Need Money From Connecticut or Maine
Top brass at defense contractor General Dynamics, owner of New England subsidiaries Bath Iron Works, and Electric Boat, say they are buoyed by the anticipated reduction in their company’s effective tax rate under the sweeping “Tax Cuts and Jobs Act” pushed into law last month by Republican members of Congress and Pres. Donald Trump.
On an earnings call earlier this week, Chief Financial Officer Jason W. Aiken told analysts the company, based in Falls Church, Virg., will likely see its 2017 full year rate of 28.6 percent drop to 19 percent in 2018.
According to a transcript of the call available online, Chief Executive Officer Phebe N. Novakovic characterized the passage of the tax overhaul as “a happy event.” Continue reading General Dynamics CEO Calls Republican Tax Law a ‘Happy Event’
As a longtime member of the powerful Defense Appropriations Subcommittee, U.S. Sen. Susan Collins (R-Maine) has sat for years at the intersection of Pentagon policy-making and the business of the nation’s wealthiest and most well connected military contractors.
Along the way, she’s accepted hundreds of thousands of dollars in campaign donations from those very companies, some of which, federal records show, her family held a personal financial stake in through her husband’s many and wide-ranging corporate stock investments.
Senate financial disclosure reports covering calendar years 2012 to 2016, the most recent year on record, show Collins’s husband, Thomas Daffron, has current or past share holdings in more than a dozen prominent defense contractors, including Raytheon, Lockheed Martin, Boeing, Honeywell, United Technologies, Harris Corporation, General Electric, and L3 Communications. Continue reading A Key Defense Player, Maine Sen. Susan Collins Has Financial Ties to Military Contractors
In November of last year, Maine peace activists began contacting state Rep. Jennifer DeChant (D-Bath) and Sen. Eloise Vitelli (D-Arrowsic) to voice their opposition to a proposed $60-million tax deal being considered on behalf of General Dynamics subsidiary Bath Iron Works.
“As your constituent, I urge you to reject any tax breaks for General Dynamics,” Mary Beth Sullivan, of Bath, wrote in a Nov. 30 email to Vitelli, cosponsor of the tax bill made available online for the first time last week. “General Dynamics spent $9.4-billion buying back its own stocks between 2013-2016…General Dynamics, like most weapons corporations, gets the vast majority of its operating funds from the federal treasury. The taxpayers are paying the freight from the start.
“Before General Dynamics gets any more state taxpayer dollars it should be required to begin a transition process to build commuter rail systems, tidal power and offshore wind turbines to help us deal with our real problem – global warming.”
The message was among several emails disclosed by Vitelli in response to a Maine Freedom of Access Act request filed by a reporter last month with the intent of gaining greater insight into the development of the Bath Iron Works tax bill. A similar notice was sent to DeChant, who acknowledged its receipt but has yet to provide the requested documents. Continue reading State Rep. Jennifer DeChant Calls Maine Peace Activists ‘Trigger Happy’ Over Proposed Bath Iron Works Tax Giveaway
When enacted into law in 1997, the original 20-year, $60-million tax deal from the state of Maine to General Dynamics subsidiary Bath Iron Works was intended to subsidize the cost of a shipyard “modernization” the company said would position it to be a viable and competitive business for decades.
It required the company invest at least $200-million in its facility and allowed for a $3-million annual tax credit to defray the costs incurred from planning, design, engineering, construction, demolition, remodeling, repair, and other expenditures related to the infrastructure project.
But newly proposed legislation to extend the credit, made available online for the first time this week, requires the company to invest only half the amount mandated in the original act and expands the definition of a “qualified investment,” potentially allowing the company to claim reimbursement on employee training. Continue reading Bill to Extend Bath Iron Works Tax Deal Cuts Minimum Investment Requirement and Expands Definition of Qualified Expenses