We are heading into a multi-year “up cycle” for oil and gas after the longest period of underinvestment in the history of the industry. Instead of putting money back into equipment, stakeholders have wanted to see quicker returns on their investments. Those business objectives coincided with political and social forces moving toward “green” technology, electrification […]
Three top industry organizations this week urged U.S. Congress to support legislation that would address challenges confronting the U.S. electronics supply chain.The letter, organized by IPC, urged Members of Congress to support H.R. 7677, the Supporting American Printed Circuit Boards Act of 2022, which would incentivize purchases of domestically produced printed circuit boards (PCBs) as well as industry […]
Cambridge-based Advent Technologies on Thursday announced that Greek officials have approved funding for what is the equivalent of an $821 million project to develop fuel cells and electrolyzers in the Western Macedonia region over six years. Source: Advent Technologies announces $821M fuel cell project in Greece – Boston Business Journal
Desktop Metal Inc., a Burlington-based 3D printing company that went public through a reverse merger in 2020, is laying off 12% of its global workforce, citing the integration of businesses acquired last year. Source: Desktop Metal to lay off 12% of global workforce – Boston Business Journal
As supply chain and transportation snarls continue, the Federal Railroad Administration announces a new round of grants meant to maintain, improve and expand the nation’s passenger and freight rail systems. Source: U.S. Rail Infrastructure Gets a $368 Million Financial Infusion | Source Today
On a cloudless December morning last year, a United Airlines Boeing 737 jet took off from Chicago’s O’Hare International Airport with 115 passengers, landing as planned about 2 hours later at Reagan National Airport in Washington, D.C. Source: GE Aviation looks to revolutionize flight with new engine – Boston Business Journal
The company now known as Raytheon Technologies Corp. (NYSE: RTX) has been around for 100 years, all of them headquartered in Massachusetts, where it has long been one of the state’s largest employers. Today the company touts 12,000 Massachusetts workers, out of 174,000 worldwide. It’s the state’s second-largest most valuable public company by market […]
The imagery of a chain is a compelling one—interconnected links that are both flexible and strong. That strength is wholly dependent on those links remaining intact, however, and a supply chain is no different. The breaks have come in several places in the supply chain over the past three years. It began with a trade […]
Intel CEO Pat Gelsinger believes that the two–year shortage of chips that’s limited output of products ranging from cars to advanced weapons will continue through 2024.“Chip shortage — we’re about halfway through,” Gelsinger said in an interview with Yahoo Money on the sidelines of the World Economic Forum in Davos, Switzerland. “My expectation is that […]
M3-LS-U2-8 Linear Smart Stage delivers rapid, cost-effective integration of embedded motion into precision instruments designed for high-volume production. New Scale Technologies, Inc. has announced availability of its new M3-LS-U2-8 Linear Smart Stage, a direct-drive precision piezoelectric micro stage with embedded controller. It is a cost-effective solution for instrument designers who need to embed precision motion […]
TUCSON, Ariz., (May 23, 2022) — Raytheon Missiles & Defense, a Raytheon Technologies business, is awarded a $423 million contract to continue to produce SPY-6 radars for the U.S. Navy. This is the first option exercised from the March 2022 hardware, production and sustainment contract that is valued up to $3.16 billion over five years. Source: […]
NP Plastibell has announced a pre-filled “smart syringe” with an embedded NFC chip that relays information about the medicine to practitioners and patients. Source: New Smart Syringe Uses NFC to Store Drug Information – News
