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How to save a cool $100 million. Each year.

A major aerospace equipment manufacturer struggled to balance supply and demand. The failure resulted in long lead times, high inventory, rising costs and an inability to meet customer demand. The manufacturer risked loss of market share.

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.

GE Unveils New Digital Manufacturing Features

Today at Minds + Machines Europe, GE (NYSE: GE) charted the course for digital industrial growth, unveiling new solutions that are purpose built for industrial assets, environments and operations. The event outlined the path to greater productivity for customers who take advantage of advances in the company’s leading Asset Performance Management (APM) and ServiceMax industrial applications, powered by Predix, GE’s platform for the Industrial Internet.

AFFOA opens state-of-the-art facility for protoyping advanced fabrics

Just over a year after its funding award, a new center for the development and commercialization of advanced fabrics is officially opening its headquarters today in Cambridge, Massachusetts, and will be unveiling the first two advanced fabric products to be commercialized from the center’s work.

Machinery Industry Is Healthy, Expanding

“We expect to see the world machinery market grow in the next five years,” said Arun Kumar a director at AlixPartners in a discussion he and I had recently.