WASHINGTON -- The Counterfeit Avoidance Accreditation Program for the aerospace and defense industry has released its first audit criteria, AC7401, to assess compliance to the Aerospace Standard AS5553 for counterfeit mitigation for EEE (electrical, electronic, electromechanical) parts.

NEWARK, NY -- IEC Electronics has reached a separation agreement with its former chairman and chief executive, who was ousted in after a proxy battle last year.

TORONTO, ONTARIO -- A US subsidiary of Firan Technology Group has acquired substantially all the assets of Airco Industries, a Texas based designer and manufacturer of a full portfolio of cockpit products, electronic assemblies and simulator solutions.

TAIPEI -- Foxconn's lingering attempts to finalize its contested deal to acquire Sharp continued over the weekend, with the Taiwanese ODM/EMS reportedly lowering its already accepted bid due to late revelations of red ink at the Japanese OEM.