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ARLINGTON, VA -- Electronics component orders slowed in February after a big leap in January, an industry trade group said today.

SURREY, UK – TT Electronics’ Integrated Manufacturing Services division reported 2009 revenues of GBP 75.1 million, down 27.4% from a year ago.

The firm’s overall pretax profit for 2009 – which includes its electronics and sensors divisions – was GBP 17.2 million, compared to GBP 17.3 million for the prior year.

"An improvement in the fourth quarter has continued into the first two months of 2010," said chief executive Geraint Anderson.

TT Electronics also said order growth in the fourth quarter has continued into the current quarter.

US$1 = GBP 0.6579

MINNEAPOLIS -- Nortech Systems today reported fourth-quarter net sales of $19.8 million, down 26.7% from a year ago.

GLENVIEW, IL -- Illinois Tool Works today reported operating revenue rose 10% year-over-year for the quarter ended Feb. 28. Its Power Systems and Electronics group, which includes Kester Solder, Speedline and Vitronics-Soltec, reported sales grew 5.4%.

SALT LAKE CITY -- CirTran Corp. has transferred its open and active purchase orders relating to its contract electronics manufacturing business to a new ownership group led by its former COO.

TAIPEI – Foxconn Electronics (Hon Hai Precision Industry) posted February revenues of $3.83 billion, up 46.8% year-over-year.

NEW YORK – Electronics targeted for auto, aerospace, industrial, instrumentation, military and medical products make up a $480 billion market, of which less than 5% is outsourced.

That’s according to a new report from Barron’s. The financial media outlet believes OEMs will slowly but steadily move programs to EMS companies over the next several years.

Each segment should add 2.5% in incremental growth to the EMS sector over the next two years, Barron’s says. Coupled with macro demand forecasts, plus incremental gains for consumer electronics cellphones (another 2.5%), and the industry growth rate should reach 10%.

Furthermore, the company says, this revenue will come with higher margins than past outsourcing programs. While the industry at large tries to buck 3 to 3.5% operating margin, the new revenue sources should have 10% to 20% incremental operating margin, Barron’s says.

SIOUX FALLS, SD -- Raven Industries reported January quarter sales fell on weaker economic conditions in the company's end-markets.

OLATHE, KS -- Elecsys, which provides EMS and other OEM products, reported fiscal third-quarter sales fell 6% year-over-year to $4.74 million.

NASHVILLE – Celestica plans to close its facility here on April 15, say local reports.

SAN JOSE – Worldwide sales of semiconductor manufacturing equipment totaled $15.92 billion in 2009, a 46% year-over-year decline, SEMI reports.