YAVNE, ISRAEL -- Orbotech today announced first-quarter sales rose 12.2% to $103.1 million on stronger demand for PCB and flat-panel display inspection systems.

Read more: Q1 Has Orbotech Seeing Record Year

WASHINGTON -- While the US Department of Defense is acutely aware of the risks of substandard parts breaching its supply chains, the department is limited in its ability to determine the extent to which counterfeit parts are present because it lacks a department-wide definition of the term "counterfeit" and a consistent means to identify instances of suspect parts.

Read more: DoD Report: 'Almost Anything at Risk for Counterfeiting'

SCHRAMBERG, GERMANY -- Schweizer Electronic reported first-quarter sales rose 87% year-over-year to 23.9 million euros on broad-based market demand.

Read more: Autmotive Market Drives Schweizer Electronic's Revovery

ANAHEIM, CA -- Multi-Fineline Electronix (M-Flex) saw second-quarter sales fall 11.5% from a year ago, and the fabricator will lay off 85 workers to shore up its balance sheet.

Read more: M-Flex Lays Off 85 Following Sales Drop