🇬🇧 Nissan will invest £170m to build its new Kicks hybrid in Sunderland, adding a tenth model to the North East plant’s production history.

CPS Technologies (NASDAQ:CPSH) reported fourth quarter 2024 financial results with revenue of $5.9 million, down from $6.7 million in the prior-year period. The decrease reflects the completion of the HybridTech Armor® contract with Kinetic Protection for the U.S. Navy.The company reported a gross loss of $0.3 million (-4.6% margin) and a net loss of $1.0 million ($-0.07 per share), compared to prior year's net income of $0.2 million. Revenue increased 40% sequentially from Q3 2024 due to added third shift and increased production capacity.CPS secured three new Phase I SBIR contracts with the U.S. Army, each valued at $250,000 over six months. The company also announced its first commercial sale of radiation shielding and continues work on a $13.3 million power module contract. Management expressed optimism for 2025, citing improved backlog and increasing demand for core products.