Dan's Biz Bookshelf: 'Revenge of the Tipping Point'
Marcy's Musings: Engineering Economics
Punching Out: Should You Sell Your Company to a Private Equity Firm?
Saab Announces Plans for New Munitions Facility in U.S.
April 3, 2024 | SaabEstimated reading time: Less than a minute
Saab announced plans to build a new munitions facility in the U.S., continuing the company’s strong investment and growth domestically. The innovative new site will support the engineering and production of missile weapon systems for the U.S. military, such as components for the Ground-Launched Small Diameter Bomb (GLSDB) system, and close combat weapons. Final site selection and groundbreaking is planned for 2024, with production underway by 2026.
“Saab is growing its business in the United States and delivering on our promise to increase and modernize domestic production of our close combat and missile weapon systems, which will extend our defense capabilities and ensure the safety and security of military personnel around the globe. We are moving quickly to meet the urgent needs of our customers, building on our decades-long relationship with the U.S. armed forces. With capacity for advanced manufacturing and engineering, this new site will be a world-class asset to the American industrial base,” said Erik Smith, President and CEO of Saab in the U.S.
Share on:
Suggested Items
Spirit Announces Purchase Agreement with Tex Tech Industries for Intended Sale of FMI
11/19/2024 | Spirit AeroSystems, Inc.Spirit AeroSystems Holdings, Inc. announces a purchase agreement to sell Fiber Materials, Inc (FMI) business based in Biddeford, Maine, and Woonsocket, Rhode Island, to Tex-Tech Industries, Inc. for $165,000,000 in cash, subject to customary adjustment.
SCHMID Group Opens New Branch in Asia-Pacific – SCHMID Asia Pacific
10/30/2024 | SCHMID GroupThe SCHMID Group is pleased to announce the official opening of its newest division, SCHMID Asia Pacific Sdn Bhd. As of November 1, 2024, the new division will begin operations, providing comprehensive services and solutions to customers across the Asia-Pacific region.
Cicor Consolidates Thin-film Technology Business in Wangs
10/18/2024 | CicorCicor Group has decided to discontinue thin-film production at the Ulm site in Germany by the end of June 2025 and to concentrate production at the existing site in Wangs, Switzerland.
Murata Launches New Silicon Capacitor Production Line
10/11/2024 | SELMurata Manufacturing Ltd, a leading manufacturer of electronic components, modules, and devices, has broadened the scope of its Integrated Passive Solutions offering by opening a new production line at its site in Caen, France.
DuPont Expands Photoresist Manufacturing Capacity at Sasakami Site in Japan
10/04/2024 | DuPontDuPont announced the successful completion of a significant expansion for photoresist manufacturing capacity at the DuPont Sasakami Site in Agano-shi, Niigata, Japan.