Markit Economics has released its December “flash” PMIs:December vs. November by country/region (chart 1)Historical Manufacturing PMIs by month:USA (chart 2)Eurozone (chart 3)Germany (chart 4)France (chart 5) Japan (chart 6) Source: U.S. Industrial Production Rose in October | Weekly Global Update for December 23, 2020 | TTI, Inc.
Is Apple really planning to produce an iCar? Probably.According to a report from Reuters, Apple is targeting production of a passenger car starting in 2024. Rumors of the “iCar”, also known as Project Titan, have been circulating and recirculating for years, but its time may have finally come. Let’s look at that idea in more […]
As we reflect on the year behind us and look forward to the one ahead, MTG wishes you a bright holiday season and a happy, healthy new year! MTG, in honor of our suppliers, customers and channel partners, is donating to deserving organizations that address our community, education and healthcare needs.
Raytheon Technologies (NYSE:RTX) has been awarded a ~$145.1M modification to previously issued fixed-price-incentive-firm-target, firm-fixed-price contract.The modification exercises an option for the production and delivery of 90 full rate production Lot 17 Block V Tactical Tomahawk (TACTOM) All Up Round Vertical Launch System missiles, including related hardware and services for the Navy.Work to be performed at […]
Third-Quarter Global Electronic Supply Chain Growth(Charts 1-4)Here are our “final” results for third-quarter global growth by sector:Composite of 213 global OEMs had sales decrease 0.3 percent in Q3 2020 versus Q3 2019 (chart 1)Growth by sector is given in chart 2Monthly world electronic equipment sales peaked seasonally at a record high in November (chart 3)Printed […]
Raytheon Technologies (NYSE:RTX) has been awarded a ceiling of $611.5M, firm-fixed-price, cost-plus-fixed-fee, cost-reimbursable-no-fee, IDIQ contract for command and control switching systems (‘CCSS’).This contract provides electronic digital telecommunications system developed for military command and control. The CCSS is the key component of the Defense Red Switch Network, enabling secure and non-secure voice and data telecommunications at […]
The all-cash deal works out to $56 per share for Aerojet Rocketdyne (NYSE:AJRD), or $51 after the payment of a special $5 per share pre-closing dividend. Aerojet Rocketdyne closed at $42.04 on Friday.Lockheed Martin (NYSE:LMT) CEO James Taiclet: “This transaction enhances Lockheed Martin’s support of critical U.S. and allied security missions and retains national leadership […]
L3Harris Technologies (NYSE:LHX) nabbed a five-year, $496M contract to deliver prototype tactical jamming pods designed to extend U.S. Air superiority. The company will deliver eight operational pods to NAVAIR for fleet assessment, and additional test assets for airworthiness and design verification. Source: L3Harris Technologies awarded $496M U.S. Navy contract (NYSE:LHX) | Seeking Alpha
Last week, Massachusetts-based robot maker Boston Dynamics announced that it was becoming part of the South Korean Hyundai family, subject to all the usual regulatory requirements and formal approval inherent in international acquisitions. The huge $1.1 billion deal will see Hyundai Motor Group take an 80% stake in the company, with SoftBank controlling the leftover […]
The following slide deck was published by Jabil Inc. in conjunction with their 2021 Q1 earnings call. Source: Jabil Inc. 2021 Q1 – Results – Earnings Call Presentation (NYSE:JBL) | Seeking Alpha
Lockheed Martin (LMT +0.5%) will join a project led by Mitsubishi Heavy Industries (OTCPK:MHVYF) to build a new fighter plane that Japan’s air force is expected to deploy in 2035, according to Nikkei.Lockheed will be the junior partner on the project to manufacture about 90 jets.The new F-3 fighter will replace Japan’s F-2, which was […]
The idea that the electronics industry would close the year on a high note seemed absurd 9 months ago. But like the manufacturing sector writ large, the supply chain has bounced back from the worst of coronavirus pandemic.“In spite of serious concerns about both supply and demand impacts in the early stages of the Covid-19 […]
