SIMSBURY — Ensign-Bickford Aerospace & Defense (EBAD) of Simsbury has acquired a 265-acre, 166,628-square-foot office, manufacturing and warehouse campus at 14370 White Sage Road in Moorpark, Calif. EBAD secured the space from WP Carey & Co. after leasing the property for more than a year. Bill Kiefer of California-based NAI Capital said EBAD acquired the property’s original owner, Special Devices Inc.’s Defense & Aerospace Group, last March. EBAD provides systems for missiles, space launch vehicles and ground vehicles, and is a contractor to U.S. and foreign military customers. The company said in a statement that the new facility supports its growth plans and a growing employee base in California.
STAMFORD — Reports of resurgent U.S. manufacturing activity suggests that economic recovery is well underway.
The U.S. Department of Commerce said factory orders have increased for a fifth straight month, and that new orders for manufactured goods rose 3.0 percent to $463 billion in April, above Wall Street estimates of just a 1.9 percent rise.
Commerce said orders for costly durable goods designed to last more than three years were up 2.9 percent in March, a sign that producers are taking advantage of the cheaper U.S. dollar. Orders for non-defense capital goods (excluding aircraft), also showed a 4.1-percent growth in March, the strongest rise since last August. Orders for primary metals, machinery and electrical equipment were also on the rise.
Senior government bond strategist Ian Lyngen of Stamford’s CRT Capital Group said these latest reports were “solid” though with “lingering weakness” from earlier this year.
The Institute for Supply Management also reported that factory activity gauge is at 60.4, with any level over 50 an indicator that business is expanding.