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Top News Links: Friday, June 5

Lockheed Martin VP for Space: Print satellites

“This is the future. We're already 3D printing small satellites. I've challenged my team to 3D print a satellite. We'll never print 100 percent of it. There are elegant components – focal plane arrays or integrated circuits – we can't print. But can we print enough of it – 70 percent, 60, 80, whatever the number is – that we can take what would normally take five years and reduce it to 24 months. That's the goal.” – AL.com

Gray named interim dean at Culverhouse

Dr. J. Brian Gray has been named interim dean of The University of Alabama Culverhouse College of Commerce. The appointment is effective July 1. “Brian has a wealth of administrative, teaching and research experience and will be an effective leader during this important, transitional period for the College,” said Dr. Joe Benson, UA interim provost, in making the announcement. – UA News

Mobile ranks 5th nationwide for ‘living wage’

A report released Wednesday by CNN Money indicates earning a "living wage" is a reality in Mobile with the Port City's metropolitan area ranking fifth nationwide for the metric when applied to new jobs created between 2010 and 2014. According to the CNN report – detailing the findings of an analysis from CareerBuilder and Economic Modeling Specialists – at least half of the new jobs created since 2010 pay a living wage in only 28 metropolitan areas across the nation. – AL.com

Punitive damages awarded in Sterne Agee case

After ordering Sterne Agee & Leach to pay $20 million in damages to Canyon Ridge developers in Lookout Mountain last week, a Tennessee jury awarded an additional $11.5 million in punitive damages this week, taking the total verdict to $31.5 million. In the 2011 suit, Duane Horton of Canyon Ridge claimed Sterne Agee and investment banker Ed Wall, a former Sterne employee, worked to build a competing hotel using the same land and funding promised to Canyon Ridge while also working with Canyon Ridge developers. – BizJournals.com

Legislature fails to find marriage license solution

Legislation that would take the state of Alabama out of the business of issuing marriage licenses died in the House of Representatives committee Thursday. “This bill does not destroy marriage,” Rep. Greg Albritton, R- Bay Minette, said. “This bill does not denigrate marriage. This bill doesn’t desanctify marriage because the state cannot sanctify marriage.” – Birmingham News

Shaw Industries cutting 160 jobs in Valley Head

Shaw Industries has announced that it is cutting 160 jobs from its plant in the northeast Alabama town of Valley Head. WHNT-TV reports that the company is the largest employer in the small DeKalb County town. Officials at the Dalton, Georgia-based company, which produces flooring products, say the cuts are due to a shift in customer preferences. – Sun Herald

Cyber Security Summit recognizes Dynetics

According to one survey, 36 percent of businesses cite an inability to recognize potential threat activity in their IT environment. And many businesses don’t know they’ve been hacked until law enforcement notifies them. Dynetics representatives are describing at the Southeastern Cyber Security Summit being held in Huntsville this week how NetAlert can help. – News release

Army grants $29 million contract at Fort Rucker

The U.S. Army has selected CAE Inc. of Montreal to train about 600 pilots annually for up to eight years at new center that the company will build and operate near Fort Rucker. The flight simulator manufacturer and training company says it will receive more than $29 million over the initial two-year portion of the contract and about $200 million if it’s extended to Sept. 30, 2023. – CanadianManufacturing.com

Montgomery buys Fairview Farmers Market

The city of Montgomery is increasing focus along West Fairview Avenue with an increased police presence and the purchase of the Fairview Farmers Market. On Thursday, the city announced that as of Monday, it had become the new owner of the market, buying it from the Alabama Department of Agriculture for $1 and using a portion of it as a satellite office for the Montgomery Police Department. – Montgomery Advertiser

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