LMI Aerospace has announced it will purchase D3 Technologies, Inc., a design and engineering firm located in San Diego, CA, for $65 million. The leading aerospace supplier plans to utilize D3's existing engineering talent base to develop lighter composite aircraft components. The deal is expected to close in August. With this acquisition, LMI Aerospace has stated that it will be on its way to evolving into a design and manufacturing company. Because D3 is currently working on lucrative projects such as Boeing's 787 Dreamliner and Lockheed Martin's F-35 Joint Strike Fighter, LMI has been looking forward to making these projects joint efforts. LMI plans to fund the purchase with around $25 million in cash and will raise the remaining funds through a revolving credit arrangement with Wachovia Securities.
IEMC 2007 to be held in Texas
Austin, TX, has been announced as the venue for the 19th International Engineering Management Conference (IEMC 2007) to be held by the Institute of Electrical and Electronics Engineers, Inc. (IEEE). The IEEE is the world's leading professional association promoting the advancement of technology. Scheduled as a four-day event, the conference will attract more than 400 engineering and management professionals from around the globe. It will also include the World of Engineering Expo, an interactive knowledge-exchange lineup that highlights the latest international engineering technologies. The IEEE focuses on improving engineering and management standards worldwide. More information about the conference can be found on its website, www.ieee.org.
Microsoft launches revamped mobile portal
Microsoft Corporation has completely revamped its mobile portal, MSN® Mobile. MSN® Mobile customers will now be able to access a range of services such as email, news, entertainment, and local information. In addition, they will be able to access Windows LiveTM. Currently, there are more than 230 million mobile subscribers in the U.S. Local Mobile Search (LMS), an advisory service of Opus Research and Sterling Market Intelligence, estimates that around 180 million subscribers possess web-enabled mobile phones.
