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ST. LOUIS -- Northrop Grumman awarded LaBarge Inc. a $3.5 million contract to continue to produce electronics equipment for the AN/AAQ-24(V) NEMESIS Directional Infrared Countermeasure (DIRCM) system. LaBarge has worked on the program for nearly a decade.

Production at LaBarge's Tulsa, OK., facility is expected to begin in April and continue through June, the EMS company said.

LOUISVILLE, KY -- Sypris Solutions named John Walsh president of its wholly owned subsidiary Sypris Electronics.

He will report to Jeffrey Gill, president and chief executive of Sypris Solutions. Read more ...

TAIPEI -- Qisda Corp., the company formerly known as BenQ, is preparing to sell a rougly 13% stake of the company to a private equity investor for about $164 million.

The deal is close to being done, a company spokeswoman said over the weekend, but details on the investor were not provided.

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