WASHINGTON — The U.S. Air Force has selected Boeing, headquartered in Chicago, to build its next training aircraft, a long-awaited Pentagon contract worth $9.2 billion. Boeing, which partnered with Swedish aerospace firm Saab, was awarded an initial ...
BEIJING (Reuters) – China on Wednesday unveiled plans to cut tariffs for products including machinery, electrical equipment and textile products beginning on Nov. 1, as the country braces for an escalating trade war with the ...
Press release from US Trade Representative – Washington, DC – As part of the United States’ continuing response to China’s theft of American intellectual property and forced transfer of American technology, the Office of the United ...
Up until six months ago, Illinois manufacturers were enjoying a newfound enthusiasm about their industry. For eight straight months, monthly surveys conducted by the Technology & Manufacturing Association showed their members expected the next 12 ...
A trade deficit occurs when a country imports more goods and services than it exports, Michael Collins writes in Industry Week Thursday. More than 70% of America’s trade deficit is in manufactured goods, not services. ...
You’ve heard of it – the 4th Industrial Revolution. It involves the use of Artificial Intelligence – or programmed activity – that will duplicate human activity, allowing humans to be free for advanced activities. It’s ...
Sterility, efficiency, dependability, accuracy … all reasons why more and more manufacturers are turning to robots, according to this story in Medical Plastics News: Robotics offer manufacturers a way to streamline production lines, helping to ...
CHICAGO – Caterpillar expected an all-time high $6.24 B net income for 2018 as demand for its products grew, but tariff uncertainty has dampered enthusiasm that that level will be reached. Bloomberg News writes in ...
Chicago area manufacturers are split on the effects the Trump Administration’s tariffs may have on their bottom lines. When asked in June, soon after the tariffs went into effect – 25% on steel and 10% ...
Tuesday, France-based Airbus stunned manufacturing industry observers when it released a prediction of a $4.6 trillion worldwide market for commercial aircraft services over the next 20 years. The new analysis is based on a three-way ...