Wesley Brown/ Talk Business & Politics

Wesley Brown is the Business Editor for Talk Business & Politics. He can be reached by email at wesbrocomm@gmail.com or follow him on Twitter @BrownOnBusiness.

Fayetteville-based Sage Partners announced Monday that it has leased 55,882 square feet of space at the former Hawker facility at Bill and Hillary Clinton National Airport to Mountain Home aviation services firm Fly Arkansas LLC.

Fly Arkansas plans to begin operations at the airport facility in October 2015, offering aircraft leasing, rental, management and other aviation services. This is the company’s third Fixed Based Operator (FBO) facility, and it’s first in Little Rock, company officials said.

Arkansas and U.S. motorists will likely see pump prices continue to move lower for the rest of the year, and may well see local gas prices ratchet down near the two dollar level ahead of the holiday season, according to the U.S. Energy Information Administration’s short-term energy outlook released Tuesday (Aug. 11).

white bluff entergy power plant coal energy
Arkansas Business

Entergy Arkansas Inc. on Friday proposed what it called “a more reasonable, long-term, multi-unit approach to address Arkansas’ regional haze” in response to the federal Environment Protection Agency’s rejection of the state’s earlier plan to improve visibility in wilderness areas.

The proposal comes only days after the EPA on Monday released its final rules on President Obama’s far-reaching and controversial “Clean Power Plan,” putting the nation on track to cut carbon pollution from the power sector 32% below 2005 levels by 2030.

Power Lines
commons.wikimedia.org

A day after President Obama unveiled the centerpiece of his climate change proposal, representatives from Entergy Arkansas Inc. and Arkansas Electric Cooperative Corp. (AECC) are taking a wait-and-see approach before responding publicly to how they will deal with the historic environmental mandate.

Grid operator Southwest Power Pool (SPP) released its third and final analysis of the potential impact of the Environmental Protection Agency’s draft Clean Power Plan, saying it would cost an estimated $3.3 billion annually in new generation capital investment and energy production costs to comply with the federal “dirty air” mandate.

Lockheed Martin Camden patriot missile
Lockheed Martin

Lockheed Martin Corp., which is awaiting word on the Pentagon’s high-stakes $30 billion Joint Light Vehicle Project, received a much smaller multi-billion dollar contract last week that will keep its Camden production facility busy for a long time.

On Friday, the Bethesda, Maryland-based defense giant received news that U.S. and allied military forces are set to upgrade key missile defense capabilities under a new $1.5 billion contract for production and delivery of Patriot Advanced Capability-3 (PAC-3 missiles and PAC-3 Missile Segment Enhancement) missiles.

Natural Gas Drilling Mt. Vernon in Faulkner County
Arkansas Times

BHP Billiton said Tuesday that it plans to make further spending cuts to its U.S. onshore oil and gas development, pushing the Australia industrial giant’s current U.S. shale play budget down nearly 60% from $3.7 billion to $1.5 billion for the upcoming fiscal year.

Of that operating budget, the Sydney, Australia-based mining and industrial conglomerate plans to spend only $200 million in the Arkansas shale play to maintain ongoing production at 45 natural gas wells that the company has already drilled and completed.

military vehicle lockheed martin tom cotton asa hutchinson
Brian Chilson / Arkansas Times

Top Lockheed Martin executives said they expect to hear a decision in August or September on two high stakes Pentagon contracts that will play a large role in the U.S. military’s future ground and air combat effectiveness, including the $30 billion Joint Light Tactical Vehicle (JLTV) project that could land in Camden’s Highland Industrial Park.

The Little Rock Technology Park Authority Board on Monday issued a 67-page “Request for Proposals” (RFP) seeking bids from local banks to finance the first phase a $30 million planned multi-phase downtown development to boost the city’s much-talked about startup and tech community.

U.S.S. Little Rock
Lockheed Martin

Lockheed Martin will debut its first-ever live stream launch of the future USS Little Rock on Friday at the Marinette Marine shipyard in Wisconsin. 

The warship, named after the Arkansas capital city, is the latest in the line of the nation’s new fast and mobile small surface Littoral Combat Ship (LCS) that is intended for stealth combat operations close to the shore.

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