A new production unit for mirror segments for ELT
February 17, 2020Safran's new production unit at the company's Saint-Benoît facility near Poitiers in central France will make the primary mirror segments for Europe's Extremely Large Telescope (ELT).
Manz to deliver assembly lines to Akasol for battery production
February 11, 2020Manz AG has received an order from the German Akasol AG for assembly lines to produce lithium-ion battery modules. The placing of the order with a total volume of up to EUR 20 million euros has been split into several tranches.
Jenoptik to acquire 100% of Spanish company
January 27, 2020Jenoptik is strengthening its position as a full-service provider of automated manufacturing solutions via the acquisition of Spanish company INTEROB. The contract was signed on January 25th and is expected to close in the coming weeks. The purchase price was slightly less than twice the revenue in 2019.
Honeywell, Lockheed Martin win NASA contracts
January 21, 2020Honeywell and Lockheed Martin have both announced recent contracts for the supply of key components to NASA’s Orion spacecraft fleet for the upcoming Artemis lunar missions.
Collins Aerospace inks multimillion-dollar space contract
January 16, 2020Collins Aerospace Systems has signed a contract with Lockheed Martin to provide critical subsystems to support production of NASA’s Orion spacecraft fleet for Artemis missions III through VIII.
RoodMicrotec updates its revenue forecast for FY2019
November 26, 2019RoodMicrotec N.V.,is expecting the revenue for the full-year 2019 to be in line with the full-year 2018.
Magna expands lighting capabilities by acquiring Wipac Czech
November 21, 2019Magna has agreed to acquire Wipac Czech s.r.o., a automotive lighting engineering firm located in Ostrava, Czech Republic.
Samsung’s CPU project ends, layoffs in CA and TX
November 06, 2019Samsung has confirmed in a letter to the Texas Workforce Commission that layoffs as a result of the closure of the CPU project at the Samsung R&D Center (SARC) in Austin, Texas and the San Jose Advanced Computing Lab (ACL) in San Jose, California, will begin December 31.
RoodMicrotec takes leading role in APPLAUSE
October 29, 2019A consortium of 31 key players for packaging of electronics, optics and photonics, equipment suppliers and testing experts from 11 countries launched a new project, “Advanced packaging for photonics, optics and electronics for low cost manufacturing in Europe,” simply called APPLAUSE.
Follow-up order for Manz in the Energy Storage segment
October 29, 2019Manz AG is further expanding its successful partnership with one of the world's leading battery manufacturers with a major order worth around EUR 20 million.
Lockheed breaks ground on new production facility in Arkansas
September 11, 2019Lockheed Martin has officially broken ground on the new Long Range Fires Production Facility, which the company says is the first of many expansions at the its site in Camden.
Manz receives follow-on order for LightAssembly platform
August 22, 2019Manz AG announces that the company has been awarded a contract for several assembly lines of the LightAssembly platform in the Electronics sector. The order comes from an unnamed company described as a [i]"leading international provider of power electronics"[/i], with whom Manz has maintained a business relationship for many years.
JT Energy Systems to produce batteries at former Solarworld plant in Freiberg
August 14, 2019JT Energy Systems acquires the former Solarworld plant in Freiberg near Dresden. JT Energy Systems GmbH, which was established in early 2019 by Jungheinrich AG and Triathlon Holding GmbH, is through this massively expanding its capacity.
Lockheed Martin's Lufkin facility expands with new jobs
August 08, 2019Lockheed Martin opened a 30'000-square-foot building at its Lufkin, Texas, facility, and announced approximately 125 new jobs coming to the site over the next six years.
U.S. Army invests in additional Q-53 radars
August 07, 2019The United States Army recently awarded Lockheed Martin three contracts to produce additional Q-53 systems and outfit the radar with enhanced capabilities, including extended range and counter unmanned aerial system (CUAS) surveillance.
Senvion can still pay August salaries
July 31, 2019Employees for ailing wind turbine manufacturer Senvion can breath a little. The company can pay the salaries for the month of August (2019), announced the works council.
Derco expanding workforce on F-35 announcement
July 16, 2019During a visit to Derco, a Lockheed Martin company, President Donald J. Trump announced more work is coming to Milwaukee.
BASF streamlines with 6'000 job losses
June 28, 2019With an organisational realignment, BASF expects savings of EUR 300 million, as part of the ongoing excellence program, which is anticipated to contribute EUR 2 billion to earnings annually from the end of 2021 onwards.
Novanta acquires ARGES
June 25, 2019Boston-based Novanta has signed an agreement to acquire ARGES GmbH, based in Wackersdorf, Germany.
Lockheed Martin to expand Arkansas OperationsLoad more news
June 18, 2019The Paris Air Show was the venue for Gov. Asa Hutchinson’s announcement that Lockheed Martin plans to invest heavily at its Camden facility in Arkansas and bring several hundred more jobs to the area.