Boeing Posts Operating Profit, Programs with Problems Result in a Loss
Boeing Co. reported an operating profit for the third quarter as commercial aircraft deliveries improved. The company posted an overall loss on one-time costs. Some of those costs were related to two programs experiencing problems: The company's Starliner spaceship and its 787 Dreamliner wide-body plane. A key Starliner test flight has been postponed into 2022. The 787 Dreamliner has problems that are holding down production.
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Digitized and automated manufacturing is making strides in the world of medical manufacturing, writes Contributing Editor Geoff Giordano. "In a broad sense, health care trends—aging populations, the drive to more remote diagnostics and therapies outside the expensive hospital environment, more personalized therapies—are driving medical device development."
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Ford Motor Co. said its third-quarter profit declined from a year earlier amid the semiconductor shortage while promising better days ahead. Ford, like other automakers, is dealing with computer chip shortages. The shortages have spurred automakers to implement temporary plant cutbacks and reduce production. The company said it was reinstituting its quarterly stock dividend.
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MULTI-MASTER – The Right Tool for Efficient Groove Milling Applications
ISCAR has recently introduced an upgrade to its MM GRIT line of heads designed for groove milling applications. This new product launch includes heads designed with an improved carbide grade (IC908) and a TORX socket which ensures easier, more accurate, clamping of the MULTI-MASTER connection. This can be highly beneficial for fast/accurate head replacements at the machine tool spindle. The highly versatile MM GRIT line also receives a boost with the introduction of heads made from IC908 (a submicron carbide grade). This long-standing ISCAR grade has proven to increase performance in difficult to machine materials such as stainless steel, cast iron, and hardened materials.
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New orders for durable goods slid in September on declines in orders for transportation equipment, the U.S. Commerce Department said last week. Orders declined 0.4 percent to $261.3 billion, according to a monthly report. The fall came after four monthly gains, including an adjusted 1.3 percent increase in August.
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General Motors Co. reported lower third-quarter earnings as the global semiconductor shortage continued to affect vehicle production. Despite the earnings drop, GM said it expects full-year earnings to reach the high end of its previous forecast of adjusted earnings before interest and taxes of $11.5 billion to $13.5 billion. “We’re still selling every vehicle we can make," CEO Mary Barra said in an interview televised by CNBC.
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Your Path to More Efficient Profile Milling
Plunge. Lead in. Profile. Lead out. Repeat until reaching final depth. Profile milling does not have to be this inefficient! Whether contouring, pocketing, helixing or slotting, you’ll rough in faster with high-feed ramping and American-made indexable tooling from Dapra. This flexible, ultra-fast, economical approach delivers MRR that rivals high-efficiency milling – without the cost of solid carbide end mills.
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Caterpillar Inc. said third-quarter earnings soared as the maker of earthmovers, mining trucks and other heavy equipment saw increased sales. The company said sales jumped across its three major product segments and across all regions. Caterpillar, which operates globally, is a barometer of how manufacturing is doing generally.
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Automakers and their suppliers plan to invest billions of dollars in electric vehicles. According to INFICON, some manufacturers are finding that they can save considerable time and money by recycling equipment previously used to produce parts for internal-combustion vehicles in making electric vehicle-related components.
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Enterprise Florida
More than 8,500 advanced manufacturers call Florida home — and for good reason. With over 186,000 advanced manufacturing workers, the second-ranked infrastructure in the U.S. and a 0% sales tax on manufacturing equipment, Florida is where manufacturers break through.
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