ST. LOUIS -- LaBarge Inc. has been awarded a multi-year, $24 million contract by Raytheon Missile Systems to provide cables and harnesses for the Joint Standoff Weapon system.

The impact on 2005 revenues is expected to be $1.65 million, LaBarge said.

The contract has an estimated value of $24 million through 2012.

Work will be performed at LaBarge's Joplin, MO, facility. LaBarge is a contract electronics assembler.

The Navy uses JSOW in its fighter jets as a glide weapon. It uses GPS information to find its target.

Read more ...

SAN FRANCISCO -- Predicted growth rates for IT are at their lowest point since November 2003, according to the latest poll of the nation's CIOs. 

Spending growth rates for the next 12 months fell to 4.8% in May, down from 7.9% last month, according to the monthly poll taken by CIO magazine. Spending projections in all categories fell month-over-month, except outsourced IT services. 

Read more ...

Menlo Park, CA - OK International, which over the past few years has acquired several leading producers of benchtop assembly systems, is consolidating those product lines under the OK International name, the company said today.

In a statement, the company said that the Metcal, Techcon Systems and Impell lines of workbench products would now be sold under the OK International brand.

Read more ...