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Long-term customer contracts are a lofty goal for every contract manufacturer. At Shapes Precision Manufacturing (SPM), that goal is being achieved by a strong new management team using new fabricating processes initiated by a skilled workforce.

Aerospace OEMs and their supply chains are evolving plans to manage the economic impact caused by the health-related shutdown last spring.

The world has changed remarkably in 2020. The new decade began with a sense of optimism and historically strong economies in both the commercial aerospace and defense sectors.

Before the coronavirus pandemic upended normal life and essentially shut down commercial airliners, the aviation industry had a projected need for 40,000 new aircraft—planes, helicopters, air taxis, and unmanned aerial vehicles—in the next 20 years.

An executive makes the case for why manufacturers may want to change how they procure health plans.

Capstone Headwaters released its Precision Manufacturing Mergers & Acquisitions (M&A) Update Sept. 17, reporting that transaction activity in the precision manufacturing industry has remained strong despite the pandemic.

The National Association of Manufacturers said a quarterly survey shows strong use of liquidity programs like the Paycheck Protection Program and Main Street Lending Program.

Improvements in manufacturing management software, robotics, additive manufacturing and thermal controls are making small batch sizes more cost effective—even for smaller shops. Manufacturing plants are able to reduce inventory, improve throughput and reduce demands on human operators.

Leak detection testing is growing in importance with the development of electric and self-driving vehicles.

The manufacturing, automotive and energy sectors are currently battling tremendous challenges as they respond to the unfolding COVID-19 crisis globally.