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Boeing Returns to Profitability in Second Quarter
Boeing Co. posted its first quarterly profit in almost two years as commercial aircraft deliveries soared. The second-quarter profit compared with a year-earlier loss when COVID-19 hammered the aerospace industry. Chicago-based Boeing posted a profit of $567 million, or $1 a share, compared with a second-quarter 2020 deficit of $2.4 billion, or $4.20. Boeing had posted losses for six consecutive quarters.
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Ford Motor Co. reported a second-quarter profit as its Ford Credit finance unit made up for losses in its vehicle operations. Previously, Ford expected to lose half of its quarterly vehicle output because of an ongoing computer chip shortage. The automaker also said strong demand led to lower incentives.
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Durable goods orders increased in June assisted by a gain in aircraft orders, the U.S. Commerce Department reported. Orders totaled $257.6 billion, a gain of 0.8 percent from May, according to a monthly report. It was the 13th increase in the past 14 months. Both commercial and defense aircraft had increases in orders.
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Fusion, Inc. – your ONE SOURCE for Brazing & Soldering
Fusion, Inc. offers a variety of customizable automated fixed station and rotary indexing machines optimized to meet your specific manufacturing requirements. Our automated machines are complemented by a complete line of dispensing equipment, along with a full line of brazing and soldering pastes. Fusion, Inc. – your ONE SOURCE for Brazing and Soldering!
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Caterpillar Inc. reported a higher second-quarter profit as sales of its heavy equipment increased. Deerfield, Illinois-based Caterpillar posted a quarterly profit of $1.4 billion, or $2.56 a share, compared with year-earlier results of $458 million, or 84 cents. Quarterly revenue surged by almost $3 billion.
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Siemens Digital Industries Software announced the release of NX Automation Designer software and NX Industrial Electrical Design software. Siemens said the software is a new suite of solutions that provide a central design application for industrial electrical and automation design.
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Fully Tool Changeable aftermarket electric high-speed spindle
NSK America offers an electric high-speed spindle that easily adapts to your current mill to achieve speeds up to 80,000 rpm. With less than 1-micron TIR, Nakanishi offers unparalleled accuracy to speed up your current micro tool project. Reach out to NSK America Corporation directly at 800-585-4675 to find out how we can help you speed up your current operation.
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3D Systems said it agreed to sell its medical simulation business, Simbionix, to Surgical Science Sweden AB, a leading supplier of virtual reality simulators for medical training. The price was $305 million, subject to customary closing conditions and adjustments. 3D Systems said the deal completes a plan to divest non-core businesses.
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Major oil companies are reporting their best financial results since the start of the COVID-19 pandemic. However, those companies "plan to continue spending sparingly to boost production despite higher commodity prices," The Wall Street Journal reported. The companies "face pressure from investors to moderate their growth and clean up their emissions amid concerns about growing regulations and climate change," the Journal said.
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Additive Manufacturing Podcast – Additive Snack
Additive Snack is a forum that delivers expert insights, interviews, and real-world stories that help yourself and your business achieve growth as well as success through additive manufacturing (AM). The podcast series will bring clarity to the chaos by providing best practices and common mistakes to avoid on your AM journey. If you haven’t already, subscribe now and listen to it wherever you get your podcasts!
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Direct 3D Printing of Aluminum 6061 Now Available
In March 2021, ExOne announced a new patent-pending process to binder jet 3D print and sinter aluminum 6061, one of the most commonly used alloys in the world.
Developed in collaboration with a global automaker, the process delivers final parts with 99% density and material properties comparable to traditional manufacturing. The innovation will unleash new part designs that will lightweight products and improve system performance and sustainability.
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