News 1220 results

Musk’s Boring Company Lands First Commercial Contract

When the renovations currently underway on the Las Vegas Convention Center are complete in 2021, the campus will cover over 200 acres. If visitors wanted to walk from one end to the other they would have to walk 2 miles, which is not ideal. Elon Musk to the rescue. The Las Vegas Convention and Visitors Authority has selected The Boring Company to build an underground people mover that would ...

Weekly Wrap Up For May 24th, 2019

Join this lively discussion between Norbert Ore, Director of Industry Surveys for Strategas Research Partners and Tim Grady, show host, as they explore the Purchasing Manager’s Index numbers from major economies around the world, and touch on other related subjects to the state of the world economy and the U.S. Long-Time NASA Supplier Honored U.S. Rep. Lou Correa toured the 70,000 ...

British Steel Collapses

After years of being on life support, the second largest steel manufacturer in Great Britain has collapsed. British Steel had been seeking a loan from the British government for £75 million  ($95 million) as recently as last week when the news of the firm’s implosion broke on Wednesday of this week. The company received a government loan for £120 million ($152 million) only last year, but it ...

China’s Biggest Airlines Demand Compensation From Boeing

Boeing is facing compensation claims from three of China’s biggest airlines, which have all grounded dozens of 737 Max jetliners since the Ethiopian Airlines crash that led to the death of all 157 passengers back in March. Air China, China Eastern, and China Southern, which are all controlled by the state, said Wednesday (5/22/19) that they have all asked for payouts from Boeing, confirming ...

Long-Time NASA Supplier Honored

ORANGE COUNTY BUSINESS HERITAGE U.S. REP. LOU CORREA COMMEMORATES SANTA ANA-BASED MANUFACTURER AND SUPPLIER TO NASA’S SPACE SHUTTLE, INTERNATIONAL SPACE STATION AND COMMERCIAL AVIATION INDUSTRY More than 60 years of business in OC’s manufacturing landscape, weathering bull and bear markets in vital domestic industries. Santa Ana, Calif. – U.S. Rep. Lou Correa toured the 70,000 ...

Manufacturing Bill Supporting Metal Manufacturers Signed into Law

CEDAR KNOLLS, N.J., May 16, 2019 /PRNewswire/ -- Assemblywoman Nancy Munoz and Assemblyman Anthony Bucco have sponsored Senate Bill 515 / Assembly Bill 4060, which reduces taxes on metal manufacturers, eliminating the tax on sand, binders, washes and other material used in the manufacturing process.  Governor Phil Murphy signed the bill into Law on May 10, 2019. "Manufacturing is essential ...

New Legislation To Boost Advanced Manufacturing in the US

In an effort to enhance America’s competitiveness in advanced manufacturing on a global scale, U.S. Senators Kirsten Gillibrand (D-NY) and Chris Coons (D-DE) have introduced The Global Leadership in Advanced Manufacturing Act. The bipartisan bill, introduced May 10th would expand the national network of linked Manufacturing USA institutes Manufacturing USA is a national network of manufact...

Swedish Aircraft Manufacturer To Build New Factory In Indiana

Global defense and security company Saab has announced plans to build a new, state-of-the-art manufacturing facility in West Lafayette, Indiana. The new plant will manufacture a substantial portion of the U.S. Air Force’s next-generation T-X jet trainer. “This is a historic moment for Saab,” said President & CEO of Saab, Håkan Buskhe. “After careful consideration, we have chosen ...

Weekly Wrap Up for May 10th, 2019

Dr. Chris Kuehl, author of the monthly Credit Manager’s Index report, joins hosts Lew Weiss and Tim Grady to discuss the latest details in the world of credit managers, as well as general economic conditions in the manufacturing industry. The Association For Manufacturing Technology Invites You To The MT360 Conference To accelerate the integration of emerging technologies into ...

Metals Fraud the Cause of $700 Million Rocket Failure

According to NASA officials, falsified certifications on thousands of aluminum parts is the root cause of the failure of a 2011 satellite launch. The faked test results and subsequent faulty parts provided to NASA resulted in not one but two failed satellite launches. Sapa Profiles Inc., located in Oregon, has admitted that employees faked test results related to tensile strength and reliabi...