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64 SMT Magazine • March 2015 Mil/Aero007 News Highlights 64 SMT Magazine • March 2015 Medovex Enters Manufacturing Agreement with Nortech Jarrett Gorlin, CEO of Medoxex Corporation stat- ed, "Nortech Systems strong reputation and ca- pabilities in the medical device field makes them an excellent partner for the manufacturing of the DenerveX device. We firmly believe this relation- ship will ensure that the DenerveX device provides a reliable and effective tool for the treatment of Facet Joint Pain." DARPA Boosts Investment in LRASM Program Initiated in 2009 in collaboration with the U.S. Navy and U.S. Air Force, DARPA's Long Range Anti- Ship Missile (LRASM) program has been investing in advanced technologies to provide a leap ahead in U.S. surface warfare capability. Saab to Support U.S. Marine Corps' Next Gen Radar Program Defence and security company Saab's U.S. based company, Saab Defense and Security USA LLC, has been awarded a contract from Northrop Grumman Corporation for components and subsystems of the U.S. Marine Corps AN/TPS-80 Ground/Air Task Oriented Radar (G/ATOR) sys - tem. The order value of the contract is MSEK 247 ($32 million). TT Electronics-IMS Facility Earns Nadcap Accreditation TT Electronics Integrated Manufacturing Services (IMS) announces that its Fairford facility (formerly known as New Chapel Electronics Ltd) has re- ceived Nadcap accreditation for Electronics Cable and Harness Assemblies (AC7121). Sparton, Ultra Electronics JV Nets $57M Sonobuoy Contract Sparton Corporation and Ultra Electronics Hold- ings plc (ULE) announce the award of subcon- tracts valued at $57 million to their ERAPSCO joint venture, for the manufacture of sonobuoys for the U. S. Navy. OSI Systems Reports Record Sales in Q2 Fiscal 2015 "We are pleased to announce strong second quar- ter financial results. Led by our security division, we achieved record sales and record earnings per share. With a solid pipeline of opportunities and strong balance sheet, we believe we are well po- sitioned for future growth," said Deepak Chopra, OSI Systems' Chairman and CEO. NATEL EMS Names Ducommun Star Supplier Ducommun Incorporated today reported it has been named a Star Supplier for 2014 by NATEL EMS, an engineering solutions provider in the electronics manufacturing services industry. Ducommun Nets $7.3M Tomahawk Cruise Missile Contract Ducommun Incorporated has received contracts valued, in aggregate, at approximately $7.3 mil- lion from Raytheon to continue producing a vari- ety of interconnect and electronic assemblies for the U.S. Navy's Tomahawk cruise missile through 2016. IDTechEx Sees Rapidly Changing $7.5B Market for Drones Dr. Harrop, Chairman of IDTechEx says, "The big- gest market sub-sector will be small UAVs that are not toys or personal, with $2 billion in sales in 2025 generating over $20 billion in benefits in agriculture, border protection, parcel delivery, lo- gistics such as warehousing, coastguard, customs, search and rescue, medical emergency, malaria re- search, mine detection, protection of rare species, movie production and so on." Sparton Acquires KEP; Enhances Marine Market Position Sparton Corporation announced that its wholly owned subsidiary, Sparton IED LLC completed the acquisition of KEP Marine, a $3 million revenue business, from Kessler-Ellis Products Inc. on Janu- ary 21, 2015 in an all-cash transaction.

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