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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.

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.

Today, KUKA AG announced the sale of its section KUKA Systems Aerospace North America to the US automation company Advanced Integration Technology Inc. The decision was made in connection with open regulatory approvals in the United States.

ABB and Microsoft Corp. today announced a strategic partnership to help industrial customers create new value with digital solutions. Customers will benefit from the unique combination of Microsoft’s intelligent cloud and ABB’s deep domain knowledge and extensive portfolio of industrial solutions.

Smarter factory systems connected via the cloud are the grand vision offered for the future factories that will fully leverage the best available tools from automation, software and machine tool builders.

VMCs have had a productive past, present and the future looks promising

Siemens is working to fulfill the Industry 4.0 vision with the digital twin, speakers from the software firm told people attending its namesake product lifecycle management (PLM) software conference this week in Orlando, FL.