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.
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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.
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.
Mitsui Seiki USA, Inc. announced that Scott Walker, long-time president, has accepted the position of chairman; Robb Hudson, former business and technology director, has been named chief executive officer; and William “Bill” Malanche, former executive vice president, has been appointed chief operating officer.
With advances in material sciences and the ability to design composite parts with new virtual software technology, cutting tool manufacturers are being challenged to continually evolve and develop solutions for these versatile materials.
VMCs have had a productive past, present and the future looks promising
When a manufacturer has excess inventory not adding value to the process, the inventory is hurting the company’s balance sheet, and is by definition wasteful.
The classic manufacturing conundrum is how to make products quicker, cheaper, and better.