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Airbus Finalises Acquisition of Aerovel and Its UAS Flexrotor

05/10/2024 | Airbus
Airbus has finalised the acquisition of U.S.-based Aerovel and its unmanned aerial system (UAS), Flexrotor, in a move to strengthen its portfolio of tactical unmanned solutions.

IMI Posts $290 Million of Revenues for Q1 of 2024

05/10/2024 | IMI
Integrated Micro-Electronics, Inc. (IMI) reports group revenues of US$290 million for Q1 2024, 16% lower than the previous year, partly due to the divestment of STI which was still contributing revenues to the company last year. Cost rationalization activities have mitigated the drop in revenues to maintain IMI core operating margin at 2.4%, which sits at a similar level to 2023. Net loss for the group totaled US$3.7 million in the first quarter of 2024.

Real Time with… IPC APEX EXPO 2024: Transitioning Into Automation With DIS

05/08/2024 | Real Time with...IPC APEX EXPO
Publisher Barry Matties and DIS Sales Director Jesse Ziomek discuss the company's shift toward automation, tackling issues such as limited floor space and integration costs while showcasing the advantages their SAM automation system has to offer. Also discussed are workforce challenges and return on investment considerations. As Jesse states, "DIS's goal is to offer solutions for smaller shops," and underscores the user-friendly, no-integration-costs aspect of their system.

OSI Systems Receives $6 Million Order for Electronic Assemblies

05/08/2024 | BUSINESS WIRE
OSI Systems, Inc. announced that its Optoelectronics and Manufacturing division has received an order for approximately $6 million to provide electronic assemblies to an advanced engineered solutions OEM.

OSI Systems President and CEO Deepak Chopra to Retire by Calendar Year-End, Will Remain as Executive Chairman

05/06/2024 | OSI Systems
OSI Systems, Inc. announced today that Chairman and Chief Executive Officer Deepak Chopra has informed the Company’s Board of Directors of his plans to retire from his roles as President and Chief Executive Officer by the end of the current calendar year, after the appointment of a successor.
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