TULSA – LaBarge Inc. has been awarded contracts valued at $2 million from Atlantic Inertial Systems to provide high-reliability PCB assemblies.

BANGKOK – Cal-Comp Electronics reported third-quarter net profit of $13.3 million, down 31% year-over-year.

For the nine months ended Sept. 30, the firm’s net profit was $30.2 million, a drop of 46.5% compare to the same period in 2008.

Cal-Comp, a unit of Taiwan-based Kinpo Electronics, produces a wide range of electronic equipment.

BANNOCKBURN, IL – The Worker, Homeownership, and Business Assistance Act of 2009 was signed into law, providing net operating loss relief for electronics companies.

The NOL relief provision in the bill expands the refund eligibility to medium- and large-sized companies that were previously excluded from relief, permitting businesses to offset 2008 and 2009 losses against previous or future taxable income, according to IPC.

A company can use NOL relief to recover past tax payments or reduce future tax payments. It is the amount by which deductions exceed gross taxable income, resulting in a negative taxable income.

Eligible companies can receive tax refunds by applying NOLs to taxes during the previous five years, says the association. Companies also have the option of carrying the loss forward twenty years to future income tax payments, thereby reducing payments they will need to make in future periods.
 

NEWARK, NY -- IEC Electronics reported fourth-quarter revenue rose 13.7% year-over-year to $18.3 million.