Manufacturing & Industrial · Week of Nov 2, 2026
Portfolio reshaping and defense supply chains: the week in industrials
Portfolio moves at Regal Rexnord and Alfa Laval led a week of results, a chain-to-belt product launch and defense-linked supply chain work.
Portfolio reshaping ran through the week's largest items. Regal Rexnord said it is exploring the sale of its autonomous mobile solutions business after a $119 million goodwill impairment tied mainly to that unit, while Alfa Laval agreed to buy Norway-based maritime software company NAVTOR AS for 700MUSD (6.85 BSEK) in cash to add to its digital fleet offering. Quarterly results also came from Hanon Systems, which reported higher operating profit on slightly lower revenue, and Smart Sand declared a special dividend.
Defense and government supply chains were a second thread. Velo3D disclosed a five-year research agreement with Sandia National Laboratories on metal additive manufacturing, and Accrete signed a data deal with TenderAlpha aimed at sub-tier supplier and foreign-ownership risk for federal customers. On the product side, Gates launched a synchronous belt meant to replace roller-chain drives, and AITX's RAD unit reported a repeat order for an autonomous security patrol vehicle from a logistics client.
Regal Rexnord Corporation
REGAL REXNORD REPORTS THIRD QUARTER 2026 FINANCIAL RESULTS
Regal Rexnord reported third quarter 2026 sales of $1,588 million, up 6%, and a GAAP net loss of $12 million that included a $119 million goodwill impairment, and said it is exploring the sale of its autonomous mobile solutions business. The company lowered and narrowed 2026 GAAP EPS guidance to $3.76 to $4.06, raised Adjusted Diluted EPS guidance to $10.60 to $10.90, and reported Data Center sales up 307%.
Gates Corporation
Gates Launches Poly Chain® Carbon™ ONE to Expand Chain to Belt Conversion Opportunities Across Industrial Markets
Gates launched Poly Chain® Carbon™ ONE on Nov. 4, 2026, a synchronous belt designed to replace roller-chain drives, with channel partner availability starting in North America and expanding globally throughout 2027. Gates says the belt offers up to 80% lower total cost of ownership than roller-chain drives, needs no lubrication or retensioning and fits existing Poly Chain sprockets.
Velo3D, Inc.
Velo3D and Sandia National Laboratories Sign Five-Year CRADA to Collaborate on Metal Additive Manufacturing
Velo3D said it entered a five-year Cooperative Research and Development Agreement with Sandia National Laboratories, signed January 13, 2026, covering joint research in metal additive manufacturing. The umbrella agreement targets areas including part reliability, repeatability across machines and sites, materials development and workforce development, with individual projects scoped separately.
Smart Sand, Inc.
SMART SAND, INC. DECLARES SPECIAL DIVIDEND OF $0.05 PER SHARE
Smart Sand's board declared a special cash dividend of $0.05 per share, payable November 30, 2026, to stockholders of record on November 18, 2026. The company says it has returned approximately $14 million to stockholders in 2026 through dividends and share repurchases, including this dividend.
Artificial Intelligence Technology Solutions Inc.
AITX's RAD Earns Repeat Business as Global Logistics Client Orders Fourth ROAMEO
AITX said its subsidiary RAD received an order for a fourth ROAMEO autonomous security patrol vehicle from an unnamed longtime global logistics client, with deployment at another logistics center expected by the end of calendar year 2026. No financial terms were disclosed; the company says repeat orders within existing accounts can build recurring monthly revenue.
Alfa Laval
Alfa Laval to acquire NAVTOR AS to strengthen the digital offering for the maritime sector
Alfa Laval agreed to acquire maritime software company NAVTOR AS for 700MUSD (6.85 BSEK) in cash, with closing expected in quarter 1, 2027, subject to regulatory approvals. NAVTOR, with estimated 2026 turnover of approximately 194 MUSD, will join the Ocean Division and be consolidated with the StormGeo and PortChain platforms, and Alfa Laval says the deal will be margin-neutral in the short term.
Hanon Systems
Hanon Systems Announces Third Quarter 2026 Financial Results
Hanon Systems reported third quarter 2026 revenue of KRW 2.66 trillion, down 1.8% year-on-year, and operating profit of KRW 120.6 billion, up 26.6%, for a 4.5% operating margin. The company says lower cost ratios lifted profit, electrification rose to 33% of revenue, and it secured an initial aftermarket order from Inter Cars in Europe.
Accrete
Accrete Signs Data Agreement with TenderAlpha to Deepen Supply Chain Risk Insight for Federal Customers
Accrete signed an agreement to add TenderAlpha's government contracting and supply chain data to its Argus for Supply Chain Influence product for defense and civilian agency customers, with access in early 2027. Accrete says the data will expand insight into sub-tier suppliers, component sources and foreign ownership risks, and support compliance with requirements including the NDAA.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not Key Network Reach reporting.