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Machine Tool Orders Rise in May, AMT Says

Machine tool orders rose in May as the industry recovers from a two-year slump, the Association for Manufacturing Technology (McLean, VA) said in a monthly report.

Northrop Grumman Lands $9.6-M Navy Torpedo Contract

The U.S. Navy has awarded Northrop Grumman Corporation (NYSE: NOC) a $9.6 million contract, with options up to $40.5 million, to produce the Transducer Array/Nose Shell Assembly of the MK 48 heavyweight torpedo.

Kennametal Names Christopher Rossi CEO

Kennametal Inc. (Pittsburgh) announced June 29 that its board of directors has appointed Christopher (Chris) Rossi as president and CEO and has named him a director. Rossi succeeds Ron De Feo, whom the board has appointed executive chairman. Both appointments are effective August 1.

Niagara Gear Adds In-House Machining Capabilities

Buffalo, NY – Niagara Gear, a division of Gear Motions, Inc., recently completed the installation of its first machining cell. The in-house machining capabilities were added to reduce lead-time and provide more flexibility and control to meet customer delivery requirements.

Seco Opens Doors to Media for Niagara Cutter

Since acquiring Niagara Cutter in 2010, Seco has invested $7 million to upgrade Niagara Cutter’s manufacturing plant and equipment in Reynoldsville, PA, with another $25 million slated to be invested over the next three years.

Jenoptik Opens New Automotive Technical Center

Metrology developer Jenoptik AG (Jena, Germany) on Thursday officially opened its new North American technology campus here that will focus on the industrial metrology and laser processing systems used primarily by its automotive OEM and Tier customers.

GE Unveils New Digital Manufacturing Features

Today at Minds + Machines Europe, GE (NYSE: GE) charted the course for digital industrial growth, unveiling new solutions that are purpose built for industrial assets, environments and operations. The event outlined the path to greater productivity for customers who take advantage of advances in the company’s leading Asset Performance Management (APM) and ServiceMax industrial applications, powered by Predix, GE’s platform for the Industrial Internet.