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Electric-Cutlery Maker Servotronics Posts Higher Profit, Sales.
Knight Ridder/Tribune Business News, November, 2003
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By David Robinson, The Buffalo News, N.Y. Knight Ridder/Tribune Business News
Nov. 19--Servotronics earned its first quarterly profit in a year during the third quarter as the Elma servovalve and cutlery manufacturer started to reap the benefits of a new combat knife and bayonet system it is making for the U.S. Marine Corps.
Servotronics officials credited the rebound to the start of shipments of the new Marine Corps knife and bayonet, which had contributed to losses during the previous three quarters as the company absorbed the development and start-up costs associated ...
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