:

Business/Financial

GE To Acquire Two European 3D Manufacturing Companies To Boost Aerospace, Industrial Work

By Cal Biesecker

Tuesday, September 6th, 2016

SHARE:

GE To Acquire Two European 3D Manufacturing Companies To Boost Aerospace, Industrial Work

Low pressure aero engine turbine blade

General Electric [GE] on Tuesday said it plans to acquire two European companies that provide additive manufacturing capabilities for various industries, including aerospace, with the deals worth a combined $1.4 billion.The two companies, Sweden’s Arcam AB and Germany’s SLM Solutions Group, will report to David Joyce, president and CEO of GE Aviation. GE said that Joyce will lead the growth of the two new companies and spearhead the integration effort to drive 3D manufacturing applications across the company.Arcam has customers…

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]