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Arundel Machine Tool LLC acquired by ARCH Global Precision

ARCH Global Precision, Bloomfield Hills, Mich., on Jan. 21 acquired Arundel Machine Tool, located in Arundel, Maine. Arundel manufactures high-precision components and assemblies primarily for the aerospace and defense market, as well as the semiconductor and oil and gas industries.

Drone Wars, Hack Blocks Now Part of Growth Story

If a study by Deloitte from early this year was on target, 2017 will record a 2% increase in global aerospace and defense revenues and commercial aircraft production is likely to keep rising in the near future.