News
GLENVIEW,
IL – Illinois Tool Works reported third-quarter net income slipped 7.5%
even on an 11% jump in revenues, the latter spurred by acquisitions and
favorable currency translations. Base revenues fell 0.8% on lower volumes
partially offset by higher raw material price recovery.
WASHINGTON, DC – Big industry production fell lower in September than it had since late 1974, largely as a result of hurricanes Gustav and Ike.
The Federal Reserve reported production at US factories, mines and utilities plunged 2.8% last month, in addition to a 1% drop in August.
The Fed estimated hurricane-related disruptions accounted for about 2.25 points of the total drop. In addition, a strike affecting the commercial aircraft industry also was a factor, accounting for around 50 basis points.
Economists originally forecast a September decline of 0.8%.
BANNOCKBURN, IL – The Emerging/Critical Interconnection Technology program will receive $2 million in federal appropriations for 2009, up 60% year-over-year.
The E/CIT program was created in 2002 to strengthen the Department of Defense and the US PCB industry.
Operated by Naval Surface Warfare Center, Crane (IN) Division, E/CIT is designed to ensure the military has the latest technical capabilities, processes and equipment to support war-fighter requirements.
The program facilitates solutions to current military problems and evaluates leading-edge design and manufacturing technologies for future military and commercial requirements.
IPC is among the groups that has advocated for funds for the program.
The E/CIT program was created in 2002 to strengthen the Department of Defense and the US PCB industry.
Operated by Naval Surface Warfare Center, Crane (IN) Division, E/CIT is designed to ensure the military has the latest technical capabilities, processes and equipment to support war-fighter requirements.
The program facilitates solutions to current military problems and evaluates leading-edge design and manufacturing technologies for future military and commercial requirements.
IPC is among the groups that has advocated for funds for the program.
Press Releases
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- NOTE receives order worth 132 MSEK and expands collaboration with customer within Security & Defence
- Kitron Strengthens Order Backlog with EUR 11 Million Contract for Defense Communication
- ZTEST Electronics Inc. Announces Transition to the OTCID Market