Aerospace

Nexa3D Unveils Its Expanded Ultra-Fast Polymers for Manufacturing Aerospace and Medical Products at Virtual ASME AM Industry Summit

Friday, August 7, 2020 - 2:00pm

In addition, Nexa3D plans to showcase its growing collaboration with ParaMatters jointly delivering lightweighting capabilities for aerospace and medical applications as well as enhanced productivity of digital workflows.

Key Points: 
  • In addition, Nexa3D plans to showcase its growing collaboration with ParaMatters jointly delivering lightweighting capabilities for aerospace and medical applications as well as enhanced productivity of digital workflows.
  • Visitors can view these demonstrations online during the ASME AM Industry Summit, August 11 and 12, both days from 8:00 a.m. to 6:30 p.m.
  • We are excited to participate in ASMEs AM Industry Summit focusing on the medical and aerospace industries by showcasing our growing portfolio of polymer manufacturing solutions, said Avi Reichental, Co-founder, chairman and CEO, Nexa3D.
  • Nexa3Ds participation at ASME AM Industry Summit caps off a flurry of activity for the company over the last month.

Kaman Composites Vermont Announces Multi-Year Contract With Major Engine OEM With a Potential Value of $118 Million

Friday, August 7, 2020 - 11:30am

Kaman Composites Vermont, Inc. (KCV), a subsidiary of Kaman Corporation (NYSE:KAMN), announced today that it has entered into a new Long Term Agreement (LTA) with a major engine OEM to manufacture components for both existing production and newly developed engine programs.

Key Points: 
  • Kaman Composites Vermont, Inc. (KCV), a subsidiary of Kaman Corporation (NYSE:KAMN), announced today that it has entered into a new Long Term Agreement (LTA) with a major engine OEM to manufacture components for both existing production and newly developed engine programs.
  • The components will be industrialized and manufactured at Kamans facilities in Bennington, Vermont, with initial deliveries expected by the end of 2020.
  • As a collaborative partner, we have been able to customize our processes and production activity to serve the specific needs of the customers existing programs.
  • Kaman U.S. composites business (KCUS, Kaman U.S. Composites or Kaman Composites Structures) consists of two AS9100 Rev D registered companies with locations in Bennington, VT and Wichita, KS.

SIFCO Industries, Inc. (“SIFCO”) Announces Third Quarter Fiscal 2020 Financial Results

Thursday, August 6, 2020 - 9:05pm

SIFCO Industries, Inc. (NYSE American: SIF) today announced financial results for its third quarter of fiscal 2020, which ended June 30, 2020.

Key Points: 
  • SIFCO Industries, Inc. (NYSE American: SIF) today announced financial results for its third quarter of fiscal 2020, which ended June 30, 2020.
  • Net sales in the third quarter of fiscal 2020 increased 11.7% to $27.8 million, compared with $24.9 million for the same period in fiscal 2019.
  • EBITDA was $4.3 million in the third quarter of fiscal 2020, compared with $(5.6) million in the third quarter of fiscal 2019.
  • Adjusted EBITDA in the third quarter of fiscal 2020 was $2.8 million, compared with Adjusted EBITDA of $(0.5) million in the third quarter of fiscal 2019.

RBC Bearings Incorporated Announces Fiscal 2021 First Quarter Results

Thursday, August 6, 2020 - 10:00pm

Net sales for the first quarter of fiscal 2021 were $156.5 million, a decrease of 14.3% from $182.7 million in the first quarter of fiscal 2020, and organic net sales decreased 15.5% year over year.

Key Points: 
  • Net sales for the first quarter of fiscal 2021 were $156.5 million, a decrease of 14.3% from $182.7 million in the first quarter of fiscal 2020, and organic net sales decreased 15.5% year over year.
  • Gross margin for the first quarter of fiscal 2021 was $59.5 million compared to $70.7 million for the same period last year.
  • Other operating expenses for the first quarter of fiscal 2021 totaled $3.8 million compared to $2.1 million for the same period last year.
  • Operating income for the first quarter of fiscal 2021 was $28.8 million compared to $38.5 million for the same period last year.

Aerobotix and Shape Fidelity Announce Merger

Thursday, August 6, 2020 - 2:00pm

MADISON, Ala., Aug. 6, 2020 /PRNewswire/ -- Aerobotix, Inc. and Shape Fidelity, Inc. have announced the finalization of a full stock merger of all their business operations.

Key Points: 
  • MADISON, Ala., Aug. 6, 2020 /PRNewswire/ -- Aerobotix, Inc. and Shape Fidelity, Inc. have announced the finalization of a full stock merger of all their business operations.
  • Shape Fidelity leads the industry with highly-customized, precision metrology solutions ranging from medical implants to full-up aircraft and spacecraft; Aerobotix's expertise includes robotic painting, sanding, and inspection systems on a wide variety of missiles, fighters, bombers, and UAVs.
  • Aerobotix and Shape Fidelity have been working together on critical aerospace projects for over ten years, growing to rely on each other while implementing advanced metrology hardware and software into turn-key automation systems alongside some of the world's largest Aerospace companies.
  • Founded in 2010, Shape Fidelity has 23 employees with several stationed in critical support positions at facilities like NASA.

Supplyframe Helps Power EDOM Digital Transformation, Global Expansion

Thursday, August 6, 2020 - 2:00pm

This effort marks the first time a major semiconductor distributor based in Asia will embrace digital transformation and leverage the effort for international expansion.

Key Points: 
  • This effort marks the first time a major semiconductor distributor based in Asia will embrace digital transformation and leverage the effort for international expansion.
  • EDOM has achieved tremendous growth in the past eight years, and we just celebrated our 24th anniversary, said EDOM Chairman Wayne Tseng.
  • We look forward to working with Supplyframe to use digital transformation and market intelligence to fuel our next stage of growth.
  • During the first phase of the three-year engagement, Supplyframe will collaborate with EDOM to unlock value and drive innovation of its sales and services operations.

High Demand for “Robotics Skills” in Post-Corona Recovery - Reports IFR

Thursday, August 6, 2020 - 1:20pm

Educational systems must effectively adjust to this demand, says the International Federation of Robotics.

Key Points: 
  • Educational systems must effectively adjust to this demand, says the International Federation of Robotics.
  • Demand for technical and digital skills is increasing, but equally important are cognitive skills like problem-solving and critical thinking, says Dr. Susanne Bieller, IFRs General Secretary.
  • Economies must embrace automation and build the skills required to profit - otherwise they will be at a competitive disadvantage.
  • Please find the full text version here: https://ifr.org/ifr-press-releases/
    The International Federation of Robotics: www.ifr.org
    View source version on businesswire.com: https://www.businesswire.com/news/home/20200806005359/en/

Worldwide Aircraft Actuator Market to 2026 - Potential Opportunities, Companies and Forecasts - ResearchAndMarkets.com

Thursday, August 6, 2020 - 12:03pm

The multi-client study on Global Aircraft Actuator markets provides in-depth research and analysis into Aircraft Actuator industry trends, market developments and technological insights.

Key Points: 
  • The multi-client study on Global Aircraft Actuator markets provides in-depth research and analysis into Aircraft Actuator industry trends, market developments and technological insights.
  • The report presents a strategic analysis of the global Aircraft Actuator market through key drivers, challenges, opportunities and growth contributors.
  • The global Aircraft Actuator market delivers value to customers through reliable market size for 2019 on the basis of demand and price analysis.
  • Drive your strategies in the right direction by understanding the impact of latest trends, market forecasts on your Aircraft Actuator business
    Beat your competition through information on their operations, strategies and new projects
    2.1 Fastest Growing Types of Aircraft Actuator, 2018-2026
    2.2 Potential Application verticals of Aircraft Actuator, 2018-2026
    2.3 Fastest Growth markets being targeted by leading players, 2018-2026
    4.1 Global Aircraft Actuator Market Outlook by Type, 2018-2026
    4.2 Global Aircraft Actuator Market Outlook by Application, 2018-2026
    4.3 Global Aircraft Actuator Market Outlook by Country, 2018-2026