DEARBORN, MI — Panel discussions on issues fundamental to the future of aerospace and defense manufacturing are previewed in new podcasts posted in advance of AeroDef Manufacturing Summit and Exposition, which takes place Feb. 25–27 at the Long Beach (CA) Convention Center.

LONGVIEW, TX -- Flextronics will close its facility here by the end of March and lay off up to 80 workers, the company indicated this week. Programs at the site will be consolidated at other locations in the state. Some workers will be allowed to transfer, the firm said.

TORONTO – Celestica reported fourth-quarter revenue of $1.437 billion, in line with guidance, down 4% year-over-year.

CHANDLER, AZ – Koh Young America has launched its newly renovated demo lab here, providing hands-on training and demonstrations on solder paste inspection and automated optical inspection systems.

BILLERICA, MA — MRSI Systems, a developer and manufacturer of turnkey chip placement and dispensing systems, announced today it has completed a leveraged buyout of assets from parent company Newport Corp. MRSI paid $6 million in the deal, with funding provided by a private investment group comprised of senior leadership, plus Massachusetts Growth Capital and Boston Private Bank & Trust.

MOUNTAIN VIEW, CA – Lenovo will acquire the Motorola Mobility smartphone business from Google for nearly $3 billion, the PC giant announced today. The agreement will significantly strengthen Lenovo’s position in the smartphone market, while enhancing its market presence in North America and Latin America.

SAN JOSE -- Flextronics today announced fiscal third-quarter net income slipped 3.6% to $145.2 million. For the period ended Dec. 31, the EMS company had net sales of $7.2 billion, up 16.7% and exceeding previous company guidance of $6.5 billion to $6.9 billion.

WASHINGTON -- President Obama punctuated his annual State of the Union address last night with another call for greater emphasis on domestic manufacturing. The president used his platform to call for the creation of six new high-tech manufacturing hubs in the US this year.

MANASSAS, VA – Zestron has named Todd Scheerer executive vice president of its America business unit, responsible for business development in the US, Canada and South America. Scheerer has more than 20 years' experience in chemical and materials, the last 10 in technical and commercial global management positions within GE Power & Water. 

HAWTHORNE, CA -- OSI Systems today reported second fiscal quarters ales at its Optoelectronics business unit rose 33% year-over-year to $76.4 million. The unit, which provides components and electronics manufacturing services, helped boost the company's overall net sales 22% over the prior year.

GLENVIEW, IL -- Illinois Tool Works today reported fourth-quarter revenue at its Test & Measurement and Electronics business unit rose 1.2% year-over-year to $559 million. Operating margin rose 250 basis points to 15.7% for the period ended Dec. 31.

SAN JOSE – Sanmina today reported first-quarter revenue for the period ended Dec. 28 of $1.45 billion, down 2.7% compared to the fiscal first quarter of 2013, and down nearly 4% sequentially. Net income for the quarter was $23.1 million, compared to $621,000 for the same period a year ago.