logo
FDH Electronics Expands Agreement with Cinch Connectivity Solutions

FDH Electronics Expands Agreement with Cinch Connectivity Solutions

Business Upturn5 hours ago

OKLAHOMA CITY, Okla., June 20, 2025 (GLOBE NEWSWIRE) — Oklahoma-based FDH Electronics, a unified FDH Aero division focused solely on serving the mil-aero market's electronic component needs, has expanded their product support distribution agreement with Cinch Connectivity Solutions, a division of Bel Fuse Inc.
The agreement establishes FDH Electronics' aftermarket division, Stealth Aerospace, as the primary aftermarket distributor for Cinch's range of high-reliability specialty connectors and assemblies, tailored to meet the demands of airlines and maintenance centers worldwide.
The agreement significantly expands FDH's product offering to include Cinch's proprietary FQIS assemblies and BACC connectors. These components are critical to flight operations and are relied upon by operators and maintenance centers globally that require fast delivery and responsive service.
'Our agreement with Cinch demonstrates FDH's commitment to the aftermarket through our Stealth Aerospace division, which focuses exclusively on supporting organizations involved in aircraft operations and maintenance,' said Mitch Enright, President of FDH Electronics.
Alon Glickstein, Executive Vice President of FDH Electronics' aftermarket division and leader of the Stealth Aerospace business unit added, 'Stealth Aerospace is widely recognized as the premier source for electronic, electrical and electromechanical components for airlines, MROs, repair stations and brokers in the demanding aftermarket space. This agreement is a successful outcome of the purposeful collaboration and commitment of our teams to achieve this partnership. We are excited to offer the full range of Cinch's high-reliability products that support Boeing aircraft operators worldwide. The addition of the Cinch FQIS line will enable faster deliveries and help reduce downtime due to AOG (Aircraft on Ground) situations.'
Andy Calloway, Director of North America Sales & Business Development at Cinch Connectivity Solutions, commented on the expanded relationship: 'The partnership between FDH Electronics, Stealth Aerospace and Cinch has been vital to the success of all three companies going back 10+ years. Stealth Aerospace is well known for its customer service in this demanding sector of the aerospace industry and this expanded agreement signifies our trust and confidence in FDH and Stealth to support a critical portion of our customer base.'
About FDH Electronics
FDH Electronics is a global one-stop shop with one of the most expansive inventory levels in the industry, built on FDH Aero's industry-leading supply chain solutions. It supplies a variety of interconnect, wire and cable, and electromechanical components for the aerospace, defense, and space markets. FDH Electronics is your go-to resource for value-added connectors, 1553 Data Bus interconnect products, custom harnesses, high-performance aerospace-grade wire and cable, and high-frequency RF connectors. When you need critical interconnect or electromechanical components, you can rely on FDH Electronics to deliver.
To search by part number, please visit: Electronics.FDHAero.com.
About FDH Aero
FDH Aero is a trusted global supply chain solutions partner for aerospace and defense companies, helping to shape the industry by simplifying the supply chain. With over 60 years of experience, it specializes in hardware, electrical, consumables & expendables, licensed products, and value-added services for global OEM and aftermarket customers. FDH is headquartered in Commerce, California, and has operations across the Americas, EMEA and APAC. FDH Aero – named a Best Place to Work in Aviation in 2024 – has locations in 15 countries across the globe, with more than 1,500 best-in-industry employees and over 650,000 square feet of inventory space.
For more information, please visit FDHAero.com.
About Cinch Connectivity Solutions
Cinch Connectivity Solutions, a Bel group company, designs, manufactures, and markets a wide range of high-quality connectivity products. Our portfolio includes connectors, cable assemblies, and custom solutions for diverse industries, including space, defense, harsh environment, and commercial aerospace. The Company serves a global market with operations and facilities located around the world.
ContactHeather RosenowExecutive Vice President, Marketing & Communications
[email protected]

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

B vs. AEM: Which Gold Mining Stock Should You Bet on Now?
B vs. AEM: Which Gold Mining Stock Should You Bet on Now?

Yahoo

time22 minutes ago

  • Yahoo

B vs. AEM: Which Gold Mining Stock Should You Bet on Now?

Barrick Mining Corporation B and Agnico Eagle Mines Limited AEM are two leading players in the gold mining space with global operations and diversified portfolios. While gold prices have fallen from their April 2025 peak, they remain favorable, aided by geopolitical tensions, and are currently hovering close to the $3,400 per ounce level. Against this backdrop, comparing these two major gold producers is particularly relevant for investors seeking exposure to the precious metals prices have rallied roughly 29% this year, largely attributable to aggressive trade policies, including sweeping new import tariffs announced by President Donald Trump that have intensified global trade tensions and heightened investor anxiety. Also, central banks worldwide have been accumulating gold reserves, led by risks arising from Trump's policies. Prices of the yellow metal catapulted to a record high of $3,500 per ounce on April 22. Increased purchases by central banks and geopolitical tensions worsened by the Israel-Iran conflict are factors expected to help the yellow metal sustain the rally. Let's dive deep and closely compare the fundamentals of these two Canada-based gold miners to determine which one is a better investment now. Barrick is well-placed to benefit from the progress in key growth projects that should significantly contribute to its production. Its major gold and copper growth projects, including Goldrush, the Pueblo Viejo plant expansion and mine life extension, Fourmile, Lumwana Super Pit and Reko Diq, are being executed. These projects are advancing on schedule and within budget, laying the groundwork for the next generation of profitable production. The Goldrush mine is ramping up to the targeted 400,000 ounces of production per annum by 2028. Bordering Goldrush is the 100% Barrick-owned Fourmile, which is yielding grades double those of Goldrush and is anticipated to become another Tier One mine. The project has progressed to a prefeasibility study on the back of a successful drilling program. The Reko Diq copper-gold project in Pakistan is designed to produce 460,000 tons of copper and 520,000 ounces of gold annually in its second development phase. The first production is expected by the end of October 2024, Barrick announced the commencement of the development of a Super Pit at its Lumwana copper mine in Zambia. The Super Pit Expansion entails doubling the present process circuit's throughput and substantially boosting mining volumes. Upon completion, the $2 billion project has the potential to transform Lumwana into a long-term, high-yielding, top-25 copper producer and Tier One copper mine. The expansion is expected to deliver 240,000 tons of copper production annually over the life of the has a solid liquidity position and generates healthy cash flows, positioning it well to take advantage of attractive development, exploration and acquisition opportunities, drive shareholder value and reduce debt. At the end of first-quarter 2025, Barrick's cash and cash equivalents were around $4.1 billion. It generated strong operating cash flows of roughly $1.2 billion in the quarter, up 59% year over year. Free cash flow surged to around $375 million in the first quarter from $32 million in the prior-year quarter. Barrick returned $1.2 billion to its shareholders in 2024 through dividends and repurchases. Barrick's board, in February 2025, authorized a new program for the repurchase of up to $1 billion of its outstanding common shares. It repurchased shares worth $143 million under this program during the first quarter. Barrick offers a dividend yield of 1.9% at the current stock price. Its payout ratio is 28% (a ratio below 60% is a good indicator that the dividend will be sustainable), with a five-year annualized dividend growth rate of roughly 5.1%.Barrick, however, is challenged by higher costs, which may eat into its margins. Its cash costs per ounce of gold and all-in-sustaining costs (AISC) — the most important cost metric of miners — increased around 16% and 20% year over year, respectively, in the first quarter. AISC increased due to higher total cash costs per ounce and higher minesite sustaining capital expenditures. For 2025, the company projects total cash costs per ounce of $1,050-$1,130 and AISC in the range of $1,460-$1,560 per ounce. These projections suggest a year-over-year increase at the midpoint of the respective ranges. Increased mine-site sustaining capital spending and higher labor costs may lead to higher costs. Agnico Eagle is focused on executing projects that are expected to provide additional growth in production and cash flows. It is advancing its key value drivers and pipeline projects, including the Odyssey project in the Canadian Malartic Complex, Detour Lake, Hope Bay, Upper Beaver and San Nicolas. The Hope Bay Project, with proven and probable mineral reserves of 3.4 million ounces, is expected to play a significant role in generating cash flow in the coming years. The processing plant expansion at Meliadine was completed and commissioned in the second half of 2024, with mill capacity expected to increase to roughly 6,250 tons per day in merger with Kirkland Lake Gold established Agnico Eagle as the industry's highest-quality senior gold producer. The integrated entity now has an extensive pipeline of development and exploration projects to drive sustainable growth. It also has the financial flexibility to fund a strong pipeline of growth has a robust liquidity position and generates substantial cash flows, which allow it to maintain a strong exploration budget, finance a strong pipeline of growth projects, pay down debt and drive shareholder value. Its operating cash flow jumped roughly 33% year over year to record $1,044 million in the first generated solid first-quarter free cash flows of $594 million, up around 50% year over year, backed by the strength in gold prices and strong operational results. It remains focused on paying down debt using excess cash, with net debt reducing by $212 million sequentially to just $5 million at the end of the first quarter. Its long-term debt-to-capitalization is just around 5%, lower than Barrick's 12.3%. AEM also returned around $920 million to its shareholders through dividends and repurchases last year and $251 million in the first quarter. AEM offers a dividend yield of 1.3% at the current stock price. It has a five-year annualized dividend growth rate of 10.3%. AEM has a payout ratio of 32%.Despite these positives, Agnico Eagle is still exposed to higher production costs. In the first quarter, its total cash costs per ounce of gold were up modestly from the previous year to $903. While AISC declined in the quarter due to the deferral of certain sustaining capital expenditures, AEM projects the same to increase in the remainder of 2025. AEM forecasts total cash costs per ounce in the range of $915 to $965 and AISC per ounce between $1,250 and $1,300 for 2025, suggesting a year-over-year increase at the midpoint of the respective ranges. While AEM is taking actions to control costs, the inflationary pressure is likely to continue over the near term, weighing on its profit margins and overall financial performance. Year to date, Barrick stock has gained 36.3%, while AEM stock has rallied 56.8% compared with the Zacks Mining – Gold industry's increase of 55.4%. Image Source: Zacks Investment Research Barrick is currently trading at a forward 12-month earnings multiple of 10.73, lower than its five-year median. This represents a roughly 23.8% discount when stacked up with the industry average of 14.08X. Image Source: Zacks Investment Research Agnico Eagle is trading at a premium to Barrick. The AEM stock is currently trading at a forward 12-month earnings multiple of 20.27, above the industry. Image Source: Zacks Investment Research The Zacks Consensus Estimate for B's 2025 sales and EPS implies a year-over-year rise of 13.7% and 43.7%, respectively. The EPS estimates for 2025 have been trending higher over the past 60 days. Image Source: Zacks Investment Research The consensus estimate for AEM's 2025 sales and EPS implies year-over-year growth of 23.6% and 43%, respectively. The EPS estimates for 2025 have been trending northward over the past 60 days. Image Source: Zacks Investment Research (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Both B and AEM currently have a Zacks Rank #3 (Hold), so picking one stock is not easy. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks Barrick and Agnico Eagle are well-positioned to capitalize on the current gold price environment. Both have a strong pipeline of development projects, solid financial health and strong earnings growth prospects, and are seeing favorable estimate revisions. On the flip side, both are buffeted by higher production costs. AEM's higher dividend growth rate suggests that it may offer better investment prospects in the current market environment. AEM's lower leverage also indicates lesser financial risks. Investors seeking exposure to the gold space might consider Agnico Eagle as the more favorable option at this time. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report Barrick Mining Corporation (B) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research

ArcelorMittal signs deal to sell its steel mill and iron ore mine in Bosnia
ArcelorMittal signs deal to sell its steel mill and iron ore mine in Bosnia

Yahoo

time27 minutes ago

  • Yahoo

ArcelorMittal signs deal to sell its steel mill and iron ore mine in Bosnia

SARAJEVO (Reuters) -ArcelorMittal, the world's second-largest steelmaker, signed a deal on Friday to sell its steel mill and iron ore mine in Bosnia and Herzegovina to the Bosnia-based Pavgord Group, the company said in a statement. The completion of the deal is planned for the third quarter of 2025, after all conditions for its implementation have been fulfilled, the company said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Pandora Is Hiring on BoF Careers
Pandora Is Hiring on BoF Careers

Business of Fashion

time28 minutes ago

  • Business of Fashion

Pandora Is Hiring on BoF Careers

This week, we are pleased to introduce a new partner on BoF Careers. Founded in 1982, Pandora is the world's largest jewellery brand by volume. Sold in more than 100 countries across six continents, and through more than 6,800 points of sale, the Copenhagen-based brand employs 37,000 people worldwide. Pandora crafts its jewellery pieces from recycled gold and silver and has also set out to halve greenhouse gas emissions across its value chain by 2030. Listed on the Copenhagen stock exchange, Pandora generated €4.1 billion ($4.7 billion) in revenue last year. Pandora is currently hiring for a junior e-commerce analyst in New York, a store manager in California, and an accounting manager in Baltimore, among other roles.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store