TriMas slides to loss despite higher sales
BLOOMFIELD HILLS—TriMas Corp. (Nasdaq: TRS) posted a loss of $15.7 million or 36 cents a share in the second quarter ended June 30, compared to net income of $18.7 million …
TriMas Aerospace expands European operations
BLOOMFIELD HILLS—The diversified manufacturer TriMas Corp. (Nasdaq: TRS) announced that TriMas Aerospace has formed a strategic partnership with the Swiss transport and logistics firm Kuehne+Nagel to establish a European logistics …
Three Michigan firms get NASA grants to develop space technology
WASHINGTON, D.C.—Three Michigan companies are among 124 recipients of $104 million in NASA research funding under the federal Small Business Innovation Research program, under which federal agencies are required to …
State aid OK’d for downtown redevelopment, entrepreneurism
LANSING–Support for programs that will further grow Michigan’s entrepreneurial ecosystem and projects that will transform community spaces across Michigan gained approval from the Michigan Strategic Fund, the Michigan Economic Development …
TriMas wins fastener deals from Airbus
BLOOMFIELD HILLS—TriMas Corp. (NASDAQ: TRS), the Bloomfield Hills diversified manufacturer, announced that its TriMas Aerospace unit has won multi-year contracts with Airbus of Toulouse, France. TriMas Aerospace’s Monogram Aerospace Fasteners …
Detroit aircraft startup gets development pact with world’s largest aerostructure maker
DETROIT—Detroit-based Airspace Experience Technologies (ASX), an aviation technology start-up, and Spirit AeroSystems Inc., an aircraft design and manufacturing company, have signed an agreement to cooperate on creation of affordable, certified …
MEDC leading aerospace trade mission to Mexico
LANSING—Business leaders from seven Michigan companies are traveling to Mexico with the Michigan Economic Development Corp. (MEDC) to increase their export opportunities in the market. The delegation will take part …
TriMas buys military, aerospace manufacturer
BLOOMFIELD HILLS—TriMas Corp. (Nasdaq: TRS), the Bloomfield Hills-based diversified manufacturer, announced an agreement to acquire RSA Engineered Products LLC of Simi Valley, Calif. Terms were not disclosed. RSA manufactures complex …
TriMas Aerospace gets two fastener contracts at Paris Air Show
BLOOMFIELD HILLS—Officials at Bloomfield Hills-based TriMas Corp. (NASDAQ: TRS) announced that TriMas Aerospace is expanding its global presence through the addition of multi-year contracts with two aerospace customers. At the …
Aviation startup launches seed equity round
DETROIT—Airspace Experience Technologies (ASX), an aviation technology start-up that is developing an electric-powered vertical takeoff and landing aircraft that can be rented by the public, announced the launch of an …