News

Espey Reports Business Rebound Amidst Impacts of Pandemic & Supply Disruption

Espey Mfg. & Electronics reports that its sales, profitability and order backlog are all up and cash position is solid, but its recent experience illustrates how the global pandemic and supply chain disruption can cause unprecedented upheaval for a company. A long-established provider of magnetic components, Espey’s primary business is […]

e-Power Technology

Defense Contractor Leonardo DRS Opens New Manufacturing Plant

Defense contractor Leonardo DRS has opened a new state-of-the-art manufacturing facility at its site in Menomonee Falls, Wisconsin for naval power products, many which employ magnetic components and technology. The site houses the engineering design, test and manufacturing facilities for naval and marine power distribution, power conversion, motor controls, drives and automation/control equipment. Products from the site have been deployed on every Navy combatant delivered since 1945 including the Navy’s newest ship designs. […]

News

Elbit Acquires Sparton, Supplier of Maritime Electronics for Defense Industry

Elbit Systems, the Israel-based defense supplier, has acquired marine electronics company Sparton Corporation for $380 million. The move brings into the Elbit portfolio Sparton’s inertial sensing technology known for its magnetic precision in navigation and positioning applications for military […]