48 SMT Magazine • January 2015
Mil/Aero007
News Highlights
48 SMT Magazine • January 2015
Colognori Joins Zentech's Mil/Aero,
Space Market Initiative
Zentech Manufacturing is pleased to announce
that Jay Colognori has joined the team as director,
Business Development, Mil/Aero and Space Mar-
kets. He is widely respected in the Mid-Atlantic
market and beyond for driving innovative engi-
neering solutions to solve the most challenging of
printed circuit board requirements.
Kitron Nets Order from Offshore/
Marine Sector
"Kitron has experienced a reduced order backlog
within the Offshore/Marine sector during 2014,
which makes this order important in order to secure
volume going into 2015," said Peter Nilsson, CEO.
Orbit Electronics' New Orders
in November Top $1.4M
Orbit International Corporation, an EMS and soft-
ware solution provider, announces its Electronics
Group received new and follow-on orders for its
products on several programs in the month of No-
vember totaling over $1,400,000.
API Wins $3M Order for Secure
Communication Products
API Technologies Corporation has received a new
$3 million order from a Fortune 50 company to
produce secure communications products that
will be used to support a U.S. C4ISR program.
Vintage Nominates Directors to
IEC's Board
Vintage Capital Management, LLC has filed pre-
liminary proxy materials with the Securities and
Exchange Commission for the election of seven
directors to IEC's Board of Directors at its 2015 An-
nual Meeting of Stockholders.
BAE Systems to Buy Eclipse
Electronic Systems
BAE Systems has entered into an agreement with
Esterline Corporation for the proposed acquisition
of its wholly-owned subsidiary, Eclipse Electronic
Systems, Inc., for cash consideration of approxi-
mately $28 million, subject to closing adjustments.
Weapon Purchase by India
Raises Questions
Questions hang heavy in the air about India re-
lations with its traditional military suppliers such
as Palestine, Russia, and the U.S. as the country
inches closer to buy more and more military hard-
ware from Israel.
Q4 Global Defense Business
Confidence Report
Research and Markets has announced the addition
of the "Defense Business Confidence Report Q4
2014" report to their offerings. This report glob-
ally analyzes industry opinions on the latest eco-
nomic and customer issues, and their impact on
investment decisions and growth prospects within
the defense industry.
Global Business Aviation Reaches
Cruising Altitude
Global business aviation activity saw modest gains
in Q3 2014, with 2% growth quarter-over-quarter
and 2.2% growth year-over-year, according to JS-
SI's most recent Business Aviation Index.
Military Radar Market Continues on
Growth Trajectory
"The total number of radar shipments is forecast
to grow at a CAGR of 4.1% through 2023 to reach
1,393 units," notes Eric Higham, North American
director for ADS.
