Industry Trends Page 135

SpaceX Lands First DoD Contract

Their massive rocket will carry a secretive military satellite into orbit for $130 million.

Illinois Metal Mfr. Planning $25M Expansion

Without the tax incentive, the company told village officials it would build elsewhere.

Mustang Honors WWII Eagle Squadron

Ford is paying tribute to American fighter pilots who served in the Royal Air Force during WWII with a 700-hp Mustang.

GE Appliances Opens First Phase of $150M Expansion

It is the first of four new distribution centers that will create 220 jobs and improve delivery times.

Survey Shows Mfr. Optimism at All-Time High

According to NAM, the positive outlook is resulting in employment growth, increased spending, and higher wages.

Tesla Has Rockets, But Porsche Has Horse Power

Porsche has reportedly invested over $7 billion in developing electric vehicles, and by the end of 2019 plans to have more fast-charging stations in the U.S. than Tesla.

Japanese Motor Maker Expands in Tennessee

The high-efficiency electric motor manufacturer could also be bringing more than 300 new jobs to the area.

Machine Vision Market Sets Q1 Records

Feedback also shows that 87 percent of survey respondents expect the market to increase or maintain current levels for the next two quarters.

Driverless Vehicles Could Increase Energy Needs

By 2050 light-duty vehicle miles alone are projected to reach 3.3 trillion – 18 percent higher than in 2017.

Updates on the U.S.-China Trade Conflict

The total potential tariffs now amount to nearly as much as the total value of all the products sent from China to the United States in 2017 — $505.6 billion.