SMT007 Magazine

SMT-May2016

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30 SMT Magazine • May 2016 $354.8 million for the prior year and a net loss of $27.2 million, compared to a net loss of $1.2 mil- lion for the prior year. Kingfield Boosts Capabilities with Fourth ESS Chamber Contract electronics manufacturer Kingfield elec- tronics has added a fourth environmental test chamber to further increase its existing ESS test capabilities. CTS acquires CTG advanced Materials CTS Corp. has announced the acquisition of CTG Advanced Materials LLC for $73 million in cash. ERaPSCO/SonobuoyTech Systems Wins $17.5M in Foreign Contracts Ultra Electronics USSI, a subsidiary of Ultra Elec- tronics Holdings, and Sparton Corp. have received subcontracts valued at $17.5 million from their ERAPSCO/SonobuoyTech Systems joint venture. BaE Systems, Shengyi Receive IPC Corporate Recognition awards During the recent IPC APEX EXPO, IPC bestowed its highest corporate honors—the IPC Stan Plzak Corporate Recognition Award and the IPC Peter Sarmanian Corporate Recognition Award—to BAE Systems and Shengyi Technology Co. Ltd, respec- tively. Northrop Grumman awards Radar Contracts to Kitron Kitron has been selected as an international source for manufacturing of a sub-assembly related to the JSF Radar system developed by Northrop Grum- man Corp. for the F-35 Lightning II. FTG Completes acquisition of all Photoetch assets Firan Technology Group Corp.'s US subsidiary FTG Aerospace Inc. has acquired substantially all of the assets of Airco Industries LLC, a Texas based de- signer and manufacturer of a full portfolio of cock- pit products, electronic assemblies and simulator solutions. Sparton Explores Strategic alternatives Sparton Corp. has been exploring a range of stra- tegic alternatives aimed at identifying the best way to enhance shareholder value. Valtronic Expands Sales Department throughout the U.S. Valtronic Technologies USA Inc. announces the addition of Charles Connell as sales engineer – east Coast, and Jennifer Aldridge as sales engineer – West Coast. asteelflash Moves Up in MMI's Top 50 Ranking of EMS Providers Worldwide From 20th place in the 2014 ranking, French EMS firm Asteelflash has moved up three notches to take the 17th spot in MMI's ranking of EMS pro- viders worldwide. Sypris Reports $27M Net Loss for 2015 For the full year ended December 31, 2015, Sypris reported revenue of $145.3 million compared to Milaero007 Highlights

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