Newsreel: TRM Microwave buys product line; 7,751 Acura sedans recalled; New Zealand lures 'Avatar' sequels
TRM Microwave buys product line
BEDFORD — TRM Microwave, a designer and manufacturer of microwave and radio frequency components and subassemblies located at 280 South River Road, has purchased the high-power product line of Putnam RF Components of Manchester.
"We have been exploring our options and investigating the potential for acquisitions for several years now. This opportunity was worth the wait and is a win-win for TRM and Putnam customers alike," said TRM CEO Wendy Tirollo.
The purchase of Putnam's high-power components line gives TRM a more competitive edge by offering a greater range of services, products and added engineering talent, Triollo said.
Founded in 1970, TRM designs and manufactures custom and standard radio frequency and microwave components and integrated assemblies and subsystems for defense, space, and commercial applications.
Putnam RF Components specializes in components such as directional couplers, power dividers/combiners, and harmonic filters.
Honda recalls 7,751 Acura sedans in U.S., Canada for loose bolt
DETROIT — Honda Motor Co. said on Monday it is recalling 7,751 Acura RLX sedans in the United States and Canada to replace rear suspension bolts that may not have been properly tightened.
Honda said one or more of the eight bolts on the 2014 model cars that attach several rear suspension parts could loosen over time and fall out, possibly allowing a portion of the rear suspension to move out of proper alignment and increasing the risk of a crash.
The Japanese automaker said it was not aware of any crashes or injuries related to the issue.
Affected in the recall were 7,387 cars in the United States and 364 in Canada, a company spokesman said.
Mail notification of the recall will begin in early January, Honda said.
New Zealand lures Cameron's 'Avatar' sequels with higher subsidy
WELLINGTON, New Zealand — Director James Cameron will shoot the next three sequels to "Avatar," the highest grossing movie of all time, in New Zealand after the South Pacific nation increased subsidies to filmmakers.
New Zealand has signed a deal with Cameron's Lightstorm Entertainment and Twentieth Century Fox Film Corp. for the movies, which are expected to inject at least $413 million into the economy, Prime Minister John Key said Monday. It comes after the government agreed to raise the rebate offered to the makers of big-budget films to 20 percent of production expenditures from 15 percent, with an additional 5 percent available if certain conditions are met.
Cameron's first "Avatar" film, a science fiction story of human miners clashing with the indigenous, blue-skinned people on the distant moon Pandora, was shot in New Zealand, earning about $2.8 billion worldwide, according to Box Office Mojo.