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Cutting Tool Orders Rise in January

Cutting tool consumption in January 2020 rose 5 percent compared with December 2019, according to the U.S. Cutting Tool Institute and AMT - The Association for Manufacturing Technology.

Manufacturing Cuts 18,000 Jobs in March

Manufacturing lost 18,000 jobs last month, with non-durable goods industries taking the biggest hit as the novel coronavirus (COVID-19) slammed the economy.

Manufacturing Job Growth Resumes in September

Manufacturing job expansion resumed in September after pausing in August. The sector added 18,000 jobs last month, with 17,000 of the gain taking place in durable goods, according to a breakdown by industry issued today by the U.S. Bureau of Labor Statistics.

Northrop Grumman Lands $9.6-M Navy Torpedo Contract

The U.S. Navy has awarded Northrop Grumman Corporation (NYSE: NOC) a $9.6 million contract, with options up to $40.5 million, to produce the Transducer Array/Nose Shell Assembly of the MK 48 heavyweight torpedo.