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US Cutting Tool 2017 YTD Consumption up 7.1% in July

July US cutting tool consumption totaled $170.95 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was down 8.4 percent from June’s $186.57 million but up 16.0 percent when compared with the total of $147.43 million reported for July 2016.

Allied Machine & Engineering Launches New Training Department

Allied Machine & Engineering, a leading tooling manufacturer of complete holemaking solutions, has launched its new engineering training department, which provides hands on education programs for new employees, end users and distributors.

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.

Programming Time Taken Saves Setup, Tooling Costs

At Jaktool LLC (Cranbury, NJ), a team of young inquisitive engineers is investing the time to explore the full potential of its manufacturing software and machines to take on the complex jobs no one else wants. Using Mastercam CAD/CAM programming software from CNC Software Inc. (Tolland, CT), Jaktool is able to save setup times and tooling costs, and reduce cycle times, while delivering exceptional customer service to a diverse cross section of industries.

Technology Tailored to Shop’s Machining Needs

You don’t have to look too far to find tooling presetters that fit the machining requirements of just about any size shop. The value of off-line tool presetting—rather than stopping machine spindles to touch off tools as machines sit idle—continues to prove itself invaluable, especially to the smallest first-time user shops.

Rego-Fix Tool Corp. Opens New Headquarters in Whitestown, IN

Nearly 100 guests, including customers, officials from Whitestown, IN and Boone County, members of the media and a representative from the Swiss Consulate joined Rego-Fix Tool Corp. executives and employees to celebrate the opening of the company’s new North American headquarters in Whitestown on Friday, May 5th.