Aerospace and defense supplier Arch Precision Components is continuing its roll up of manufacturing assets with the Nov. 17 announcement that it has acquired premier sheet metal fabricator Metalcraft Technologies.
CPI Aerostructures, a Tier 1 supplier to defense aircraft OEMs and Tier 2 subcontractors, said Nov. 17 it will report $2.5 million more in net losses for 2019-20 after a long-running review of prior financial filings.
Avantus Aerospace has sold off its remaining composite business lines to other private equity investors and to Latécoère so it can focus on fasteners and C-class parts for the metal-friendly narrowbody production ramp-up.
Texas took the top spot in the consultancy’s annual Aerospace Manufacturing Index rankings thanks to union-leading scores in subcategories including industry, economy and tax policy.
Velo3D, a metal 3D-printing startup that is targeting aerospace and defense customers among others, started trading as a public company Sept. 30 when its shares moved on to the New York Stock Exchange.
The Pentagon is seeking industry’s input on supply chain issues in four key areas ranging from weapons capabilities to manufacturing, as well as the health of the defense industrial base, according to a Federal Register notice.
Aerospace and defense electronics specialist Mercury Systems, which is rejiggering its operations after a string of bolt-on acquisitions, has signed a definitive agreement to acquire Avalex Technologies.
The sell-off of ITP has been at the top of a list of potential asset disposals as Rolls-Royce looks to rebuild its balance sheet following the pandemic, which has heavily impacted the company’s commercial engine business.