Business briefs

AVIATION

Corporate hangar to be auctioned

A corporate hangar at the Dayton International Airport will be offered at auction on Sept. 6, according to Higgenbotham Auctioneers International.

The 21,541-square-foot hangar was previously used for a major corporation’s flight operations, officials said.

The hangar formerly was affiliated with the NCR Corp., according to the airport’s website.

The hangar is suitable for corporate-sized aircraft, and features 2,675 square feet of office space and a large shop area. Officials said the hangar is well-suited to corporate air operations, aviation maintenance facilities and aviation service operators.

Officials said it is rare for a hangar of this size, location and quality to become available.

The property may be previewed on Aug. 30 from 12- 3 p.m. The auction will be held on Sept. 6 at 11 a.m. For more information visit higgenbotham.com. DAVE LARSEN

JOBS

Caterpillar ratifies new contract

JOLIET, Ill. (AP) — Nearly 800 striking workers at the Caterpillar Inc. plant in Joliet ratified a new contract Friday with the heavy equipment manufacturer after spending months on the picket line.

Caterpillar said in a statement that members of the International Association of Machinists and Aerospace Workers voted to approve the new proposal. Company and union officials worked out the deal with a federal mediator earlier this week.

Caterpillar described the agreement as a “competitive wage and benefits package.” Details were not released. Until Tuesday, there had been no progress in the negotiations since late June.

The union said in a Wednesday statement that the six-year deal contained improvements over previous offers though it didn’t address every issue for every member.

The plant makes components for trucks, tractors and other machines that Peoria-based Caterpillar manufactures.

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