Bell Textron placed Moog under contract to supply flight control systems and components for the US Army's Future Long Range Assault Aircraft (FLRAA), the Bell V-280 Valor. The initial award is worth up to $1.3 billion.
VPC Group, a vertically integrated foam and fiber manufacturer, has acquired Fibrix, a nonwoven business based in Conover, North Carolina. VPC's nonwoven businesses will be consolidated under the Fibrix banner.
CPI Aerostructures was awarded a multi-year contract by Lockheed Martin to manufacture Rudder Island and Drag Chute Canister assemblies for the F-16 Block 70/72. The contract has a value not to exceed $34.4 million, with an initial funded order of $10.4 million.
Shore Capital-backed packaging distributor 360Pack acquired Colorado-based custom packaging solutions provider Team Packaging. No financial terms were disclosed, and founder Mike Anderson will continue to lead commercial strategy.
Jabil Inc. announced a preliminary agreement with BYD Electronic (International) Company Limited to sell its Mobility business in a potential transaction valued at approximately $2.2 billion. The deal is subject to due diligence, definitive agreement, and regulatory approvals.
Hubbard-Hall acquired the assets of BioConversion Technology (BCT), a supplier of biologics and chemistries for wastewater treatment. The acquisition closed on August 25, 2023.
Peru-based UNACEM has agreed to acquire Martin Marietta Materials' Tehachapi cement plant in California for $317 million. The deal is expected to close in mid-late 2023.
Wells Enterprises announced a plant expansion in Dunkirk, New York, to create over 200 jobs.
MicroLink Devices announced a $9.5 million expansion of its Niles, Illinois facility to increase production of solar cells and solar sheets, creating 9 new jobs and retaining 54 jobs.
Martin Marietta Materials entered a definitive agreement to sell its Tehachapi, California cement plant to UNACEM Corp S.A.A. for $317 million in cash. The transaction is expected to close in the second half of 2023.
Sikorsky Aircraft Corp., a Lockheed Martin company, was awarded a $2,774,583,756 contract modification for Lots 7 and 8 of CH-53K full-rate production aircraft, totaling 35 aircraft for the U.S. Marine Corps and Israel. Work is expected to be completed by December 2027.
BASX Solutions broke ground on a new 36,000-square-foot weld shop addition at its Redmond, Oregon campus. The company, a manufacturer of HVAC products for data centers and cleanrooms, also secured a $13 million modular order from Microsoft.
Virginia Diodes, Inc. plans to invest $2.5 million to expand capacity at its operation in Charlottesville, Virginia, creating 24 new jobs. The company manufactures test and measurement equipment for the semiconductor industry.
Timilon Corporation announced the opening of its third US-based production facility to support production of EnviroKlenz air purifiers. The facility will start operations in the upcoming week.
Voith Turbo North America broke ground on a $5 million expansion of its workshop in York, Pa., adding 10,000 square feet and converting 17,000 square feet of warehouse space to increase manufacturing capacity for the rail industry.
Enchem plans to expand production capacity at its US Plant 1 and European Plant 1 in Wroclaw, Poland, from 20,000 tons to 40,000 tons each by Q4 2023. A third plant in Zhangjiagang, China, with 40,000 tons capacity, is also expected to be completed in 2023.
Enchem has secured a contract to supply next-generation electrolyte to Ultium Cells' Ohio Plant 1, a joint venture between LG Energy Solution and GM. Shipments are scheduled to begin, with supply to the Tennessee plant starting in February 2024.
Zoetis opened a new 78,000-square-foot building in Durham, N.C., dedicated to diagnostics and biodevices R&D. The facility includes 23,000 square feet of lab space and will serve as the hub for engineering and diagnostics work.
Bell has placed a contract with Moog for components for the FLRAA program and the V-280 Valor aircraft. The article provides no further details on value or scope.
ABC Technologies has entered into an agreement to acquire the automotive business of Plastikon Industries for $130 million.
Cellares secured $255 million in Series C funding to launch a commercial-scale Integrated Development and Manufacturing Organization Smart Factory in Bridgewater, New Jersey. The 118,000-square-foot facility will integrate advanced robotics for cell therapy manufacturing.
Goodrich Corp. Engineering Polymer Products received a $20.7 million contract modification to exercise options for manufacturing activities in support of Virginia-class submarine propulsors, with work in Jacksonville, Florida, expected to be completed by November 2026.
Mitsubishi Logisnext Americas broke ground on a 73,000-square-foot electric forklift production facility in Houston, Texas, to increase manufacturing capacity for electric lift trucks and warehouse products.
Novelis is building a $2.5 billion aluminum mill in Baldwin County, Alabama, with an initial capacity of 600 kilotonnes of finished aluminum goods per year. The facility will employ 1,000 people and is scheduled for commissioning in mid-2025.
Airbus is expanding its U.S. Manufacturing Facility in Mobile, Alabama, adding a second A320 Family Final Assembly Line and over a dozen new structures totaling 1 million square feet. The project will create 1,000 jobs and is targeted for completion in Q3 2025.
Ravago Group agreed to acquire a controlling interest in M. Holland Company, a distributor of thermoplastic resins. The transaction is expected to close in late 2023, subject to regulatory approvals.
AQUASGROUP relocated its main offices and fabrication division to a new 25,000 sq ft facility at 41 Commercial Way, East Providence, Rhode Island. The move increases fabrication space and capacity. The original facility will house Water Technologies and Service Divisions.
STV signed a contract with the City of Kyle, Texas to serve as lead design engineer for Phase 2 of the wastewater treatment plant expansion, doubling capacity from 4.5 MGD to 9 MGD. The contract was announced on 23 August 2023.
Cogent, Inc. has announced the relocation to a new state-of-the-art facility in Tulsa, Oklahoma, adding 30,000 square feet and expanding capabilities for serving industrial, municipal, and rental markets. The new facility is located at 8335 S 89th W Ave, Tulsa, OK 74131.
Flexaseal Engineered Seals and Systems acquired Sound Seal and Packing of Edmonds, Washington, gaining its ViseSeal product and a Pacific Northwest presence. Deal value was not disclosed.
Coastal Container, a packaging company in Holland, Michigan, invested in eProductivity Software CorrTrim and CorrTrac solutions to support a new corrugator and expansion adding 65,000 square feet of manufacturing space. The system is expected to go live in mid-2023.
Plastic Omnium New Energies will build a 200,000-square-foot hydrogen storage systems plant in Grand Blanc Township, Michigan, with a $171.2 million investment. The facility will have a yearly production capacity of up to 100,000 high-pressure hydrogen vessels and create 175 jobs.
Gulfstream Aerospace Services Corporation plans capital investments of approximately $21.9 million to build out an existing 108,548 sq ft industrial building in Fort Worth, Texas. The project will add 100 new jobs and is slated for completion by June 1, 2026.
Lockheed Martin received a nearly $607 million contract from the U.S. Department of Defense for long-lead items for 173 F-35 fighters in Lot 19, with work performed in Fort Worth, Texas, and other locations.
The U.S. Navy awarded Lockheed Martin a $607 million contract modification to buy long-lead materials and components for 173 F-35s for Foreign Military Sales customers and non-U.S. DoD participants. Work is expected to conclude in January 2028.
FPS Food Process Solutions, a global leader in freezing and cooling equipment, acquired GEM Equipment of Oregon, a manufacturer of fryers and blanchers for potato processing. The acquisition diversifies FPS's product offering and provides access to new global markets.
NAGASE Specialty Materials was selected to distribute customized technologies, including adhesives and acrylic polymers, made by VINAVIL Americas. The deal marks NAGASE's expansion into the Western United States as distributor for that market.
CAES has won a $200 million follow-on, full-rate production and sustainment award from Raytheon to provide fully tested radar module assemblies for the U.S. Navy's AN/SPY-6 family of radars.
International Designs Group LLC, a portfolio company of Mill Point Capital LLC, has acquired Trajus Surfaces, LLC, a distributor of engineered quartz and natural stone products in the Mid-Atlantic and Northeastern United States. The acquisition expands IDG's geographic footprint and product portfolio.
Asahi/America opened a new 59,000-square-foot fabrication facility in Paulina, Louisiana, focused on large-scale thermoplastic pre-fabrication. Construction finished in late 2022 and the facility adds over 36,000 square feet of additional space.
Polymer Resources Ltd. expanded capacity at its Rochester, N.Y., plant by 40% through installation of a 65mm Coperion twin-screw extruder moved from its Farmington, Conn., facility. The company also added plant and office space in Rochester.
Nextech, a commercial HVAC/R service provider, acquired Brine's Refrigeration, adding approximately 500 employees to its team. The acquisition expands Nextech's nationwide service coverage.
Astronics Corporation announced a contract with Bell to develop the electrical power and distribution system for the V-280 Valor, the U.S. Army's Future Long-Range Assault Aircraft. The agreement matures the system for qualification and certification.
AeroVironment announced a definitive agreement to acquire Tomahawk Robotics, a leader in AI-enabled robotic control systems, for $120 million in cash and stock. The acquisition aims to enhance interoperability of unmanned systems.
Cold Core Group, LLC acquired Aircor Refrigeration, LLC and Arctic Consulting, LLC, both South Carolina-based companies providing industrial refrigeration services and consulting. The acquisition supports Cold Core Group's expansion to the east coast.
MACOM Technology Solutions Holdings entered a definitive agreement to acquire the RF business of Wolfspeed, including a GaN wafer fab in North Carolina, for $125 million ($75 million cash and $50 million stock).
Commonwealth LNG signed a strategic agreement with Baker Hughes to use Baker Hughes' LM9000 gas turbine technology for its LNG facility in Cameron Parish, Louisiana, with equipment order expected at financial close in Q1 2024.
Bessemer-backed Tencarva Machinery Company acquired Fischer Process Industries, a distributor of pumps, valves and process equipment headquartered in Loveland, Ohio. Financial terms were not disclosed.
TC Transcontinental Packaging announced a US$60 million investment in a new biaxially oriented polyethylene film line and a 120,000 sq. ft building expansion at its Spartanburg, South Carolina facility, with completion expected in fiscal 2024. Brückner was selected to supply the equipment.
The U.S. Navy awarded Lockheed Martin a $347 million contract modification to procure F-35 helmet-mounted display systems for the Navy, Marine Corps and Air Force. Work will be performed in Fort Worth, Texas, and is expected to be completed by December 2026.