For the year, the EMS company reported profits fell 17% to $2.4 million, despite a $20.4 million jump in revenue, to $136.4 million.
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.
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.
“Traditional consumer electronics devices continue to be led by the conversion from analog to digital television,” said Brian O’Rourke, In-Stat analyst. “PCs will maintain their strong growth pattern with a compound annual growth rate of 9.7% through 2011, with growth being driven by increased sales in Africa, the Middle East, South America, and Asia/Pacific regions.”
In-Stat found: