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A Big Week for Boeing
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Manufacturing expanded in October as new orders, production and employment all improved, the Institute for Supply Management said. The group's manufacturing index increased to 59.3 percent, its highest level in two years. The index, known as the PMI, is considered a barometer of where manufacturing is heading. Timothy Fiore, chair of ISM's Manufacturing Business Survey Committee, said the index represents a "demand-driven expansion." The index has been in positive territory for five consecutive months.
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Boeing Plans More Job Cuts in 2021
Aircraft maker Boeing Co. said it plans an additional 10 percent job cut next year. CEO David Calhoun told workers that Boeing's head count will be about 130,000 by the end of 2021, down from about 145,000 currently. Boeing also reported a third-quarter loss as its commercial aircraft deliveries declined compared with 2019's third quarter.
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Digital microscope featuring MALS™ technology, real-time all-in-focus optical inspection
Classic inspection systems offer shallow depth of field, this means that parts of the sample may not be in focus, which can lead to missing features, user fatigue, and incomplete inspection.
ZEISS Visioner 1 revolutionizes the world of optical inspection and documentation. Driven by the unique Micro-mirror Array Lens System (MALSTM technology), it enables for the first time, real-time all-in-focus imaging – first time, every time.
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Ford Motor Reports a Third-Quarter Earnings Rebound
Ford Motor Co. said its third-quarter profit rebounded on sales of pickups and SUVs. The automaker's profit totaled $2.39 billion, up from $425 million a year earlier. Ford attributed the results to its 2018 decision to emphasize selling trucks and to phase out sedans. However, the company also cautioned some bumps remain.
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Caterpillar Profit Falls as Product Demand Declines
Caterpillar Inc., the maker of heavy construction and mining equipment, reported a sharply lower third-quarter profit as demand for the company’s products dropped. The Deerfield, Illinois-based company said its quarterly profit totaled $668 million, or $1.22 a share, down from $1.49 billion, or $2.66, in the year-earlier period. Revenue for the...
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Durable Goods Orders Rise on Transportation
Durable goods orders rose in September on transportation equipment, the U.S. Commerce Department said. Orders rose 1.9 percent, according to a monthly report. It was the fifth consecutive monthly gain. Excluding transportation, orders rose 0.8 percent.
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Sandvik to Acquire Software Developer CGTech
Sandvik AB has agreed to acquire CGTech, Irvine, Calif., a global developer of software for numerical control (NC/CNC) simulation, verification and optimization. The product offering includes VERICUT, a machining simulation and optimization software.
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Opportunities to Aid the US in Its Fight Against COVID-19
Manufacturing USA®, the manufacturing innovation institutes and the federal agencies that sponsor them — the Departments of Commerce, Defense, and Energy — as well as six additional partner agencies, have committed resources and expertise to quickly pivot and augment efforts in response to the pandemic crisis. Read about these advanced manufacturing efforts aimed at aiding the United States in its fight against COVID-19 and find opportunities to get involved at manufacturingusa.com.
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Ceramic Grade for Abusive Cutting Conditions
Greenleaf’s GEM-8™ is an aluminum oxide and titanium carbide composite with excellent tool life and a high degree of predictability. GEM-8™ is recommended for use in hardened steel alloys, gray and ductile cast irons, and high-chrome alloys. High strength provides superior edge integrity, making this grade a great candidate for abusive cutting conditions. Heavy roll turning is a particularly good area of application as well as the finishing of hardened steels and gray and ductile irons.
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How can MFG firms build their field service to do more with less, safely?
Now, you can streamline your processes so that every job gets done safely and correctly, resulting in fewer customer interactions. Watch this demo to see how discrete manufacturers are using the right digital tools to boost the safety, efficiency, and flexibility for their field service teams.
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SME
1000 Town Center, Suite 1910,
Southfield, MI 48075
313.425.3000
sme.org
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