| Articles |
| Eaton Sells VORAD System To Bendix Commercial Vehicle Systems |
| Diversified industrial manufacturer Eaton Corporation said it sold its Vehicle On-Board Radar (VORAD) system to Bendix Commercial Vehicle Systems LLC, which is based in Elyria, Ohio. Terms of the transaction were not disclosed. Read More |
| General Dynamics Completes Acquisition Of AxleTech International |
| General Dynamics said it completed its acquisition of AxleTech International from The Carlyle Group, a Washington, D.C.-based private equity firm, in late December. The companies announced plans for the acquisition in November 2008. Terms of the transaction have not been disclosed. Read More |
| BorgWarner Does Not Endorse Unsolicited Mini-Tender Offer |
| BorgWarner Inc. said it was notified of an unsolicited mini-tender offer by TRC Capital Corporation of Toronto, Canada, to purchase up to 2.5 million shares of BorgWarner's common stock, which represents approximately 2.16 percent of BorgWarner's outstanding shares. TRC's offer price of $20.00 per share represents a 4.21 percent discount to the closing price of BorgWarner's stock on December 18, 2008 ($20.88), the day prior to the date of the offer. Read More |
| Goodrich And Rolls-Royce Complete Engine Controls Joint Venture |
| Goodrich Corporation and Rolls-Royce Group plc said today they have completed the formation of a joint venture company to develop and supply engine controls for Rolls-Royce aero engines. The transaction closed on December 31, 2008. Read More |
| Lockheed Martin Tto Provide Mission Systems For The HC-130J Aircraft |
| Lockheed Martin and the U.S. Coast Guard exercised contract options valued at $13.25 million to install mission systems aboard two additional HC-130J aircraft. Once delivered, these aircraft will complete the Coast Guard's planned inventory of six HC-130Js that will be ready to fly missions. Read More |
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Benchmarking at IMTSAmerican Machinist conducted its third annual Benchmark Survey of American Machine Shops between February and April of this year. American Machinist, reviews the results of this third annual survey, and talks about what the data means and how shops can use the data to make plans for this year's IMTS. Watch Now!Tool Shop Optimization: Concurrent Engineering for Today's Machine Shop Applying concurrent engineering processes to design and manufacturing can help toolmakers increase productivity and shorten product delivery times—improving responsiveness to customers and your company's bottom-line results.Watch Now!Sponsored by: Cimatron Group
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