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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.

Machine Tool Orders Rise in May, AMT Says

Machine tool orders rose in May as the industry recovers from a two-year slump, the Association for Manufacturing Technology (McLean, VA) said in a monthly report.

Jenoptik Opens New Automotive Technical Center

Metrology developer Jenoptik AG (Jena, Germany) on Thursday officially opened its new North American technology campus here that will focus on the industrial metrology and laser processing systems used primarily by its automotive OEM and Tier customers.

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.

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.