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Globaline Weekly publication of the most up-to-date global news on your customers and competitors. Available only to AMT members.
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Magna Now America's Biggest Parts Supplier
May 13, 2008 -- Magna International Inc. is now the largest parts supplier in North America, according to an annual compilation by industry trade publication Automotive News.
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Finmeccanica Close to $5.4 Billion DRS Deal
May 12, 2008 -- Italian aerospace and defense contractor Finmeccanica Spa is on the verge of closing a deal to acquire U.S. Army supplier DRS Technologies, Inc. for $5.4 billion.
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Spartan Motors Awarded $56.4 Million Contract by BAE Systems
May 9, 2008 -- Spartan Chassis, Inc., a subsidiary of Spartan Motors, Inc. (SPAR), has been awarded a subcontract order from defense contractor BAE Systems worth approximately $56.4 million to support the production of advanced tactical vehicles under the Mine Resistant Ambush Protected, or MRAP, program.
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Doosan Heavy Wins $240 Million Power Equipment Deal
May 8, 2008 -- Doosan Heavy Industries & Construction Co., South Korea's largest maker of power equipment, said Thursday that it has won a deal valued at $240 million to supply power plant-related equipment to a U.S. firm.
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Lockheed Lands Singapore Deal
May 8, 2008 -- Lockheed Martin Corp.'s Orlando missiles unit has landed a multimillion-dollar deal to build advanced weapons targeting systems for Singapore's fleet of F-16 fighter jets, the company said Wednesday.
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Hardinge Reports Results for First Quarter 2008
May 8, 2008 -- Hardinge Inc., a leading international provider of advanced material-cutting solutions, today reported net sales of $85.6 million for the first quarter of 2008, a decrease of 2% compared to $87 million of net sales in the first quarter of 2007.
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German BSH Hikes 2007 Profit to €637 Million
May 7, 2008 -- German household appliances maker Bosch-Siemens Hausgeraete GmbH (BSH) saw its pretax profit rise 17.5 pct year-on-year to a record-high of €637 mln in 2007, the company announced on May 7, 2008.
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EP Manufacturing in Deal with Robert Bosch
May 7, 2008 -- EP Manufacturing has teamed up with Germany's Robert Bosch GmbH to supply 150,000 sets of starter motors and alternators per year for two global carmakers operating in Thailand.
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