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MORTON, IL -- Preco Electronics Inc. has completed the sale of its manufacturing operation to Vansco Electronics, a Canadian EMS firm.

The Preco plant designs and manufactures electronics systems and components for heavy equipment.

The acquisiton gives Winnipeg, Canada-based Vansco a U.S. footprint, and the company is looking for more acquisitons of electronic controls makers.

ST. LOUIS -- LaBarge Inc. has been awarded a multi-year, $24 million contract by Raytheon Missile Systems to provide cables and harnesses for the Joint Standoff Weapon system.

The impact on 2005 revenues is expected to be $1.65 million, LaBarge said.

The contract has an estimated value of $24 million through 2012.

Work will be performed at LaBarge's Joplin, MO, facility. LaBarge is a contract electronics assembler.

The Navy uses JSOW in its fighter jets as a glide weapon. It uses GPS information to find its target.

SAN FRANCISCO -- Predicted growth rates for IT are at their lowest point since November 2003, according to the latest poll of the nation's CIOs.

Spending growth rates for the next 12 months fell to 4.8% in May, down from 7.9% last month, according to the monthly poll taken by CIO magazine. Spending projections in all categories fell month-over-month, except outsourced IT services.

Menlo Park, CA - OK International, which over the past few years has acquired several leading producers of benchtop assembly systems, is consolidating those product lines under the OK International name, the company said today.

In a statement, the company said that the Metcal, Techcon Systems and Impell lines of workbench products would now be sold under the OK International brand.

SALT LAKE CITY -- CirTran Corp. today announced outside investors have poured $3.75 million in cash into the contract electronics manufacturer's operations in a move that also cut interest payments by more than half.

CirTran issued a $3.75 million convertible debenture to Highgate House Funds, Ltd., a New York investment group. CirTran used the funds to retire separate notes of $1.7 million and $565,000, respectively.

CirTran gained a net cash of $1.24 million, which will be used to fund its operations in the U.S. and China," founder and president Iehab J. Hawatmeh said in a press statement.

CirTran will also save $254,000 -- 57% -- in annual interest payments.

Last week, CirTran reported EBITDA of $26,518 and positive shareholder equity for the first quarter of fiscal 2005.

PHOENIX -- Suntron Corp. is out of compliance with Nasdaq Stock Market rules for continued listing for failure to maintain a minimum market value of publicly held shares of $5 million for 30 consecutive trading days, the company said.

Suntron, a contract assembler, has until Aug. 22 to comply; failure to do so will lead to delisting of the company's common stock.

Suntron said it is evaluating its options.