2007 CPEO Military List Archive

From: Lenny Siegel <lsiegel@cpeo.org>
Date: 16 Feb 2007 07:16:51 -0000
Reply: cpeo-military
Subject: [CPEO-MEF] Talon Manufacturing's munitions problems
 
State to lose $1.2 million on Talon investment

By Ken Ward Jr.
Charleston Gazette (WV)
February 15, 2007

State officials expect to lose more than $1.2 million in public money they invested in Talon Manufacturing now that environmental problems have forced the company to close its operations in Mason and Wyoming counties.

The state Jobs Investment Trust hopes to recoup a $500,000 loan once Talon is able to sell off its equipment, but the agency expects to lose its $1.25 million ownership stake in Talon.

"In all likelihood, we'll probably end up writing that off," said Richard Ross, the investment trust's executive director.

Talon started operations in 1993, and acquired government contracts to disassemble ammunition. The company has had a series of problems, including several explosions, run-ins with environmental regulators, failure to pay workers' compensation premiums on time, and bankruptcy reorganization.

...

For the entire article, see
http://sundaygazettemail.com/section/News/2007021414

--


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org


_______________________________________________
Military mailing list
Military@list.cpeo.org
http://www.cpeo.org/mailman/listinfo/military

  Prev by Date: [CPEO-MEF] Badger AAP (WI) well testing
Next by Date: RE: [CPEO-MEF] Massachusetts wants a tungsten study
  Prev by Thread: [CPEO-MEF] Badger AAP (WI) well testing
Next by Thread: [CPEO-MEF] "The Politics of Cleanup" - a new report from Energy Communities Alliance

CPEO Home
CPEO Lists
Author Index
Date Index
Thread Index