Potential maglev station locations narrowed, assessed under new report

Federal regulators considering the proposed magnetic levitation or “maglev” train between Washington and Baltimore — which backers say could cut travel between the two cities to 15 minutes — have narrowed the list of potential station locations in both cities. In Baltimore, a potential station in Port Covington is no longer being considered, while an underground station near Oriole Park at Camden Yards and an above-ground station in Cherry Hill, near Westport, remain in the running. (Balt. Sun)

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Refined plans for Rash Field in Baltimore's Inner Harbor move ahead

Upgrades planned for Rash Field, the multi-purpose swath on the south shore of Baltimore’s Inner Harbor, have been refined and could get underway next fall, according to the Waterfront Partnership, a city nonprofit leading the work. The plan calls for an overhaul of the pavilion, the replacement of underused bleachers with rolling bike and jogging paths, the repositioning of volleyball courts and the addition of open space, kids play areas and a small skate park. The entire field will be landscaped. “Rash Field is heavily used and we want to make sure it remains heavily used,” said Laurie Schwartz, the partnership’s president, after a meeting with the city’s architectural review panel. (Balt. Sun)

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Lockheed lands $23 billion F-35 order

Lockheed Martin Corp. has been awarded a $22.7 billion contract from the Department of Defense for hundreds of F-35 stealth fighter jets. The deal comes in the form of what's called an Undefinitized Contract Action, or UCA, the Pentagon said Wednesday. This type of agreement provides funding while the final details of a contract are hammered out. Bethesda-based Lockheed Martin (NYSE: LMT), the world's largest defense contractor, will receive $6 billion of the award immediately. (Wash. Bus. Journal)

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Hanover cyber firm Dragos Inc. closes $37 million Series B round

Hanover firm Dragos Inc. has closed a $37 million Series B funding round to support growth of its cybersecurity platform and staff. The two-year-old startup filed documents with the U.S. Securities and Exchange Commission in October, indicating it had already raised about $30 million of its up to $38 million round. Dragos is previously backed by a $10 million Series A round, from lead investors Energy Impact Partners and AllegisCyber, as well as $1.5 million in seed funding from DataTribe. (Balt. Bus. Journal)

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Ellicott City's RegionAle expanding to Canton

RegionAle, a restaurant serving sandwiches and craft beer in Ellicott City, is branching out with a second location in Baltimore's Canton neighborhood. The eatery will take over the former Pasticcio's space in the Can Company building next year. Owner Kevin Curley said he's aiming for an opening in early summer 2019. News of the Canton location comes as RegionAle celebrates its second anniversary at 5705 Richards Valley Road in Ellicott City. (Balt. Bus. Journal)

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Lee's Pint & Shell owner plans fourth bar in Cecil County

Just a few months after announcing plans for a tiki bar in Sparrows Point, the team behind Lee's Pint & Shell in Canton has another bar and restaurant in the works. The unnamed project will take over the former Perryville Yacht Club property, a 4.5-acre waterfront site with 80 boat slips. Owners David Carey and Charles Harry Craven Jr. plan to tear down the yacht club building and construct a 4,000-square-foot seafood restaurant on the site, according to notes from an August meeting of the Cecil County liquor board, which has approved a liquor license for the project. (Balt. Bus. Journal)

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Commerce chief Gill says Amazon HQ2 in Virginia will boost tourism in Maryland

Amazon's decision to locate a portion of its East Coast headquarters in Northern Virginia is a "big deal" for Maryland — particularly when it comes to opportunities for tourism, state Commerce Secretary Mike Gill said Wednesday. Gill weighed in on the Amazon news during a speech at the Maryland Tourism and Travel Summit, held at the Hyatt Regency Chesapeake Bay Resort in Cambridge. The internet retailing giant announced Tuesday that it will split its highly anticipated second headquarters — known as HQ2 — between Crystal City in Arlington County and Long Island City in Queens, New York. (Balt. Bus. Journal)

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MaryMed, a formerly suspended cannabis grower, cleared to begin operations

A Dorchester County medical marijuana company that had its preliminary business license suspended in 2016 has received clearance from the state to launch operations. At its most recent meeting, the Maryland Medical Cannabis Commission awarded MaryMed LLC full, final licensure for its growing and processing operations. After more than a year of uncertainty surrounding its license status, MaryMed officially joined the ranks of 14 other growers and 16 processors already operating in Maryland. (Balt. Bus. Journal)

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