News
ST. LOUIS – LaBarge Inc. has been awarded a $1.1 million contract from Northrop Grumman to provide electronic assemblies for its new Ground/Air Task Oriented Radar (G/ATOR), which consolidates the missions of five Marine Corps radars into a single multi-role radar system.
The company expects to receive follow-on orders.
Production on the contract began this summer at LaBarge's Tulsa facility and is expected to continue through January 2009.
The company expects to receive follow-on orders.
Production on the contract began this summer at LaBarge's Tulsa facility and is expected to continue through January 2009.
SAN JOSE – The average cost of labor for EMS in most global geographies continues to rise at a rate equal to or slightly above the currency-adjusted local inflationary index, according to Charlie Barnhart & Associates.
BANGKOK – Hana Microelectronics said second-quarter revenue dropped 1% year-over-year to about $115 million, but net profit rose 26% to almost $16 million.
First-half revenue rose 1% to $227.5 million compared to the same period last year, with net profit rising 24% to $29.13 million.
The profit increase was a result of higher capacity utilization, the company said.
The firm, which builds IC packages and electronics assemblies, expects revenues to grow 15% in the third quarter, as a result of increased orders from China, India and Southeast Asia.
Hana recorded revenue of $452 million last year. More than 80% of sales were attributable to PCBs and IC assemblies, say published reports. The company was ranked 36th among the largest EMS suppliers by Electronic Business.
Hana also has added 3,000 sq. meters to its production plant, and is considering building a new facility in the same location.
First-half revenue rose 1% to $227.5 million compared to the same period last year, with net profit rising 24% to $29.13 million.
The profit increase was a result of higher capacity utilization, the company said.
The firm, which builds IC packages and electronics assemblies, expects revenues to grow 15% in the third quarter, as a result of increased orders from China, India and Southeast Asia.
Hana recorded revenue of $452 million last year. More than 80% of sales were attributable to PCBs and IC assemblies, say published reports. The company was ranked 36th among the largest EMS suppliers by Electronic Business.
Hana also has added 3,000 sq. meters to its production plant, and is considering building a new facility in the same location.
SAN JOSE – A projected decline in world semiconductor fab equipment spending of 20% is expected for 2008, but a rebound of more than 20% in spending is expected in 2009, driven by more than 70 fab projects, says SEMI.
ORLANDO – Orlando: You’ll come for the rain. You’ll stay for the wind.
Or because of it, perhaps.
Tropical Storm Fay, which as of this writing was still threatening to upgrade to hurricane status, put a damper on the second annual SMTA International trade show, although those who braved the elements were treated to a strong technical conference and an eye-opening keynote.
RICHARDSON, TX – TXP Corp., ODM for the telecommunications industry, reported a second-quarter 2008 net loss of approximately $9.9 million compared to a net loss of approximately $1.5 million for the same period in 2007.
This included a non-cash loss of approximately $5.7 million.
The firm posted an operating loss of approximately $1.9 million, compared to an operating loss of about $1.1 million last year.
Revenue was approximately $3.31 million, up a slight 0.6% year-over-year.
