NEWARK, NY – IEC Electronics Corp. has received an order from one of its military and defense customers valued at more than $6.1 million, the firm says.
Deliveries will commence Dec. 1 and will be completed by December 2012.
The firm will be “the exclusive turnkey supplier for an important satellite communications modem used by the US Department of Defense,” said Jeffrey T. Schlarbaum, executive vice president and president of IEC Contract Manufacturing.
MOR, HUNGARY -- Flextronics plans to lay off 360 employees from its manufacturing plant here, local media are reporting.
ST. PETERSBURG, FL -- Jabil Circuit last night reported fiscal third-quarter revenues of $3.46 billion, up 32% from a year ago.
PLANO, TX – Rapid Tooling Inc. has relocated to a 14,310 sq. ft. manufacturing facility here.
The facility has more than 9,000 sq. ft. of manufacturing space.
Rapid Tooling provides wafer tooling and process tooling for components in JEDEC trays, router fixtures, solder pallets and SMT pallets, as well as press/fit tooling and placement equipment tooling. The company also provides numerous services for electronics and semiconductor packaging.
BANNOCKBURN, IL -- Some 29 representatives of US-based companies converged on Washington earlier this month, intent on explaining the circuit board fabrication and assembly industry to their legislators.
In 2009, the semiconductor industry was affected by the global economic crisis, down 9% to $226.3 billion. In 2010, the industry is recovering with revived enterprise and consumer spending, WSTS says.
The latest forecast is a more optimistic outlook for the year, with an increase of $44 billion over the fall forecast.
The industry is now expected to top $320.2 billion in 2012, with a three-year compound annual growth rate of 12.3% from 2009 to 2012.
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