News
NORTH BILLERICA, MA -- BTU International will purchase the product lines and other assets of Radiant Technology
Corp. for $500,000 in cash and up to 100,000 shares of stock, worth some $17.7 million after the market closed Feb. 9. Closing is expected by early March, the companies said, subject to customary closing conditions including RTC shareholder approval.
RTC makes inline near IR furnaces and dryers primarily used for solar energy.
RTC makes inline near IR furnaces and dryers primarily used for solar energy.
ROSEVILLE, CA -- International DisplayWorks Inc. has been named as the primary source by a major Taiwan consumer electronics manufacturer on a new MP3 product. Volume production is expected to begin in April, and will result in at least $5
million in annual sales for IDW.
The MP3 player uses a TFT display from IDW, the company said.
The MP3 player uses a TFT display from IDW, the company said.
JACKSON, MI -- EMS
provider Sparton Corp. won three
contracts worth more than $24 million to manufacture sonobuoys for the U.S. Navy .
Sparton won a $20 million program to build the AN/SSQ-53F sonobuoy; a $2.5 million contract for the AN/SSQ-77C, and a $1.5 million program for the AN/SSQ-62E.
Production will take place in Sparton's DeLeon Springs, FL, facility and is expected to be completed by June 2007.
Sparton won a $20 million program to build the AN/SSQ-53F sonobuoy; a $2.5 million contract for the AN/SSQ-77C, and a $1.5 million program for the AN/SSQ-62E.
Production will take place in Sparton's DeLeon Springs, FL, facility and is expected to be completed by June 2007.
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