NEENAH, WI – Plexus Corp. reported first-quarter revenue
of $381 million, in line with previous estimates. The company warned that previously expected military program ramps were not materializing as expected.
For the quarter ended Dec. 30, the company reported profits
of $15 million and gross margins of 10.4%.
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ROCHESTER, NY –
EMA Design Automation announced that it has acquired the Chronology Division of
Forte Design Systems. No terms were announced. As part of the deal, EMA acquired TimingDesigner, an interactive timing analysis tool.
ST. LOUIS, MO -
Laird Technologies has acquired
AeroComm for $38 million. AeroComm designs and manufactures wireless communications systems for low- to mid-volume OEM applications. Key applications include gaming machines, industrial automation, lighting controls, heavy equipment telemetry, athletic event scoreboards, wheel alignment sensor systems, and automatic utility meter readers. Lenexa, KS-based AeroComm reported 2006 profits of $2.9 million.
Laird designs and manufactures antenna solutions, electromagnetic interference (EMI) shielding products, telematics, signal integrity products and thermal management solutions.
DELEON SPRINGS, FL -- Sparton Electronics won a $13.8 million, two-year contract from the
U.S. Navy to develop sonobuoys for detecting submarines.
The contract runs through February 2009 and could be worth as much as $19.6 million, if all options are exercised