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Business News Roundup, February 15, 2021

Pandemic changes, Air Force contracts, and a declining COVID-19 infection rate among the top business news items this morning.


Connecticut’s COVID-19 statistics have been steadily improving, most recently falling to a 2.22 percent daily test positivity rate and 674 hospitalizations statewide. Governor Ned Lamont credits ongoing vaccination efforts, along with residents abiding by health safety guidelines, for the better numbers.

Colt Holding Co., the 175-year-old West Hartford gunmaker, has officially been acquired by the Czech company CZG. The companies say the move is a strategic step toward creating “a real small arms powerhouse.”

Stratford-based Sikorsky is seeing a boom in government contracts. After receiving $478 million to develop a fleet of “Marine One” helicopters for use by the White House, the company will reportedly receive close to $1 billion more to for U.S. military helicopter upgrades.

Mohegan Sun’s CEO is hopeful that the casino will recover from revenue losses brought on by COVID-19. This optimism is driven by factors such as vaccination efforts and the potential that Connecticut’s casinos will benefit if online gaming and sports wagering proposals are approved.

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