Sumitomo Precision Products

AAR signs extension and expansion of V2500 engine component distribution agreement with Sumitomo Precision Products

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목요일, 4월 11, 2024
AIR, AOG, SPP, AAR, Original equipment manufacturer, Distribution, WOOD, GM, Sumitomo Group, Aviation, Sumitomo Precision Products, Airline

WOOD DALE, Ill., April 11, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed an extension and expansion of its V2500 engine component distribution agreement with Sumitomo Precision Products Co., Ltd. (SPP).

Key Points: 
  • WOOD DALE, Ill., April 11, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed an extension and expansion of its V2500 engine component distribution agreement with Sumitomo Precision Products Co., Ltd. (SPP).
  • Under the agreement, AAR has extended its exclusive agreement to distribute the V2500 pneumatic starter and starter control valve on behalf of SPP for the life of the program.
  • "AAR is proud to expand and extend our support of Sumitomo Precision Products on this critical engine component," said Paige Immordino, AAR's Vice President of Distribution – Commercial.
  • "AAR has been a valued partner to Sumitomo Precision Products since 2017, and we are pleased to extend our distribution relationship through this agreement."

AMFitzgerald and MEMS Infinity Form Alliance to Accelerate Commercialization of Piezoelectric MEMS Products

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수요일, 1월 17, 2024
Nanotechnology, Other Manufacturing, Electronic Design Automation, Engineering, Technology, Aerospace, Manufacturing, Other Technology, Lidar, Silicon, Multimedia, Risk, MEMS, SPP, PZT, Sumitomo Precision Products, Borosilicate glass

A.M. Fitzgerald & Associates, LLC (AMFitzgerald), a microelectromechanical systems (MEMS) product development company, and Sumitomo Precision Products Co., Ltd. (SPP)’s MEMS Infinity — which offers a full-service MEMS silicon wafer foundry —today announced a strategic and technical alliance to expedite the commercialization of thin-film PZT MEMS chip technologies.

Key Points: 
  • A.M. Fitzgerald & Associates, LLC (AMFitzgerald), a microelectromechanical systems (MEMS) product development company, and Sumitomo Precision Products Co., Ltd. (SPP)’s MEMS Infinity — which offers a full-service MEMS silicon wafer foundry —today announced a strategic and technical alliance to expedite the commercialization of thin-film PZT MEMS chip technologies.
  • Our new alliance with MEMS Infinity will give our customers an integrated design-to-manufacture solution using high-quality PZT from day one.”
    The AMFitzgerald-MEMS Infinity alliance meets a critical need in the MEMS industry ecosystem:
    Pairs AMFitzgerald’s expertise in MEMS development with MEMS Infinity’s aerospace-grade prototyping and manufacturing capability in PZT MEMS.
  • “To respond to increasing worldwide needs, our foundry expansion through MEMS Infinity broadens our manufacturing capability in PZT MEMS.
  • Together with AMFitzgerald — our choice collaborator for PZT MEMS design and product development — we can deliver an exceptional solution for customer needs in growing markets.”

Kaman Reports Second Quarter 2023 Results

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수요일, 8월 2, 2023
Engineering, Defense, Aerospace, Manufacturing, Other Manufacturing, Other Defense, Aircraft, Structure, Table, GAAP, Sale, Kaman, JPF, PMA, Sumitomo Precision Products, Growth, UAV, EPS, Adjustment, Plastech Engineered Products, Bookkeeping, Security (finance), EBITDA

Refer to the Company's Form 10-Q for the quarter ended June 30, 2023 for further information.

Key Points: 
  • Refer to the Company's Form 10-Q for the quarter ended June 30, 2023 for further information.
  • "The continued strength in our Engineered Products segment led to significant growth compared to the prior year period and provides confidence to raise our operating income and adjusted EBITDA expectations for 2023.
  • Diluted EPS: $0.13 per share to $0.40 per share; adjusted $0.29 per share to $0.56 per share
    For further information, the Company's supplemental presentation relating to the second quarter 2023 results and 2023 outlook will be posted to the Company's website, as detailed below.
  • Kaman manages its portfolio through three segments: (1) Engineered Products; (2) Precision Products; and (3) Structures.

Kaman Reports First Quarter 2023 Results

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화요일, 5월 2, 2023
Engineering, Other Manufacturing, Aerospace, Manufacturing, Aircraft, Kaman, Sumitomo Precision Products, CT, UAV, Structure, Adjustment, Plastech Engineered Products, GAAP, Table, Electric motor

"We begin the year with solid results, demonstrating the strength of the Engineered Products segment and the benefit this provides as we continue our transformation.

Key Points: 
  • "We begin the year with solid results, demonstrating the strength of the Engineered Products segment and the benefit this provides as we continue our transformation.
  • At the Engineered Products segment, net sales grew by 51% over the first quarter of 2022.
  • Diluted EPS: $0.14 per share to $0.41 per share; adjusted $0.30 per share to $0.57 per share
    For further information, the Company's supplemental presentation relating to the first quarter 2023 results and 2023 outlook will be posted to the Company's website, as detailed below.
  • Kaman manages its portfolio through three segments: (1) Engineered Products; (2) Precision Products; and (3) Structures.

Precision Production Fortifies its Acquisition Focus with Strategic Hire

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목요일, 4월 13, 2023
ASG, Growth, Sumitomo Precision Products, OEM, Jergens, Spell Capital Partners, Pacific Rim, Acquisition, Precision, Management

STRONGSVILLE, Ohio, April 13, 2023 /PRNewswire/ -- Precision Production LLC today announced the hiring of former Jergens ASG Division Vice President, Bryon N. Shafer, as its Chief Operating Officer.

Key Points: 
  • STRONGSVILLE, Ohio, April 13, 2023 /PRNewswire/ -- Precision Production LLC today announced the hiring of former Jergens ASG Division Vice President, Bryon N. Shafer, as its Chief Operating Officer.
  • Shafer, with over 20 years of experience in Operations and M&A, will work with current management to drive Precision's acquisition strategy.
  • Precision Production began operations in 1995 and produces machined components for industrial OEM's, with an established network of manufacturing partners throughout the Pacific Rim.
  • It is actively seeking quality strategic acquisitions, most recently having purchased Calumet Screw Machine Products of Mokena, Illinois in 2021.

Kaman Reports Fourth Quarter and Full Year 2022 Results

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목요일, 2월 23, 2023
Engineering, Other Manufacturing, Aerospace, Manufacturing, Aircraft, EBITDA, Kaman, GAAP, Acquisition, Research, Plastech Engineered Products, Structure, UAV, Growth, DCS, Table, Sumitomo Precision Products, JPF, Brake, Adjustment

"Both the quarter and full-year results came in ahead of our expectations that we communicated last quarter.

Key Points: 
  • "Both the quarter and full-year results came in ahead of our expectations that we communicated last quarter.
  • "During 2022, Kaman entered the next phase on its journey to positioning the company for long-term growth.
  • Organically, the order intake across these businesses during the fourth quarter grew substantially compared to levels in the previous year.
  • For further information, the Company's supplemental presentation relating to the fourth quarter 2022 results and 2023 outlook will be posted to the Company's website, as detailed below.

Industrial Metrology Market Worth $14.6 Billion USD by 2027 - Exclusive Report by MarketsandMarkets™

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금요일, 10월 7, 2022
Knowledge, Quality control, Applied Materials, SGS S.A., AGC Aerospace & Defense, Intertek, CAD, Desktop, Big data, Car, Hardware, TriMet, CMM, Automotive industry, Mitutoyo, DMIS, Sumitomo Precision Products, Metrology, EVS, GEM, Simulation, Reverse engineering, Digital, Surveying, SME, ODS, KLA Corporation, Growth, SGS, CAGR, Intelligence, Contract, Research, VMM, Short, Software maintenance, Lidar, Inspection, USD, Medical imaging, Marketing, Perceptron, Technology, Software, Solution, Hexagon, Ametek, Industry, Geography, Radiography, Trade policy of Switzerland

CHICAGO, Oct. 7, 2022 /PRNewswire/ -- Industrial Metrology Market is expected to grow from USD 10.9 billion in 2022 to USD 14.6 billion by 2027, at a CAGR of 6.1%,according to a new report by MarketsandMarkets.

Key Points: 
  • CHICAGO, Oct. 7, 2022 /PRNewswire/ -- Industrial Metrology Market is expected to grow from USD 10.9 billion in 2022 to USD 14.6 billion by 2027, at a CAGR of 6.1%,according to a new report by MarketsandMarkets.
  • Aerospace & defense and automotive are the major industries where industrial metrology equipment are used for quality control and inspection.
  • In the aerospace & defense industry, industrial metrology equipment are used for quality control and inspection of various parts and components.
  • The software segment is expected to witness significant growth in the industrial metrology market during the forecast period.

Industrial Metrology Market Worth $14.6 Billion USD by 2027 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
금요일, 10월 7, 2022
Knowledge, Quality control, Applied Materials, SGS S.A., AGC Aerospace & Defense, Intertek, CAD, Desktop, Big data, Car, Hardware, TriMet, CMM, Automotive industry, Mitutoyo, DMIS, Sumitomo Precision Products, Metrology, EVS, GEM, Simulation, Reverse engineering, Digital, Surveying, SME, ODS, KLA Corporation, Growth, SGS, CAGR, Intelligence, Contract, Research, VMM, Short, Software maintenance, Lidar, Inspection, USD, Medical imaging, Marketing, Perceptron, Technology, Software, Solution, Hexagon, Ametek, Industry, Geography, Radiography, Trade policy of Switzerland

CHICAGO, Oct. 7, 2022 /PRNewswire/ -- Industrial Metrology Market is expected to grow from USD 10.9 billion in 2022 to USD 14.6 billion by 2027, at a CAGR of 6.1%,according to a new report by MarketsandMarkets.

Key Points: 
  • CHICAGO, Oct. 7, 2022 /PRNewswire/ -- Industrial Metrology Market is expected to grow from USD 10.9 billion in 2022 to USD 14.6 billion by 2027, at a CAGR of 6.1%,according to a new report by MarketsandMarkets.
  • Aerospace & defense and automotive are the major industries where industrial metrology equipment are used for quality control and inspection.
  • In the aerospace & defense industry, industrial metrology equipment are used for quality control and inspection of various parts and components.
  • The software segment is expected to witness significant growth in the industrial metrology market during the forecast period.

Kaman Announces New Reporting Segments

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목요일, 1월 6, 2022
Defense, Other Defense, Other Manufacturing, Engineering, Air, Aerospace, Transport, Manufacturing, Corporation, Kaman Corporation, NYSE, Kaman, SEC, Solution, U.S. Securities and Exchange Commission, KAMN, UAV, Mission statement, Sumitomo Precision Products, Transport

Kaman Corporation (NYSE: KAMN) announced today that it will change the presentation of its financial results to report three segments.

Key Points: 
  • Kaman Corporation (NYSE: KAMN) announced today that it will change the presentation of its financial results to report three segments.
  • The new reporting structure will enhance transparency across the company as part of its ongoing growth strategy and portfolio management.
  • The new reporting segments will better align our strong brands and product capabilities across our businesses and provide more transparency to our investors.
  • Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the aerospace & defense, industrial and medical markets.