, their gross margins are in the 15-20% range," Wood said. "Now that the FAA is approving it, 3D printing can cut those costs by up to 90% as well as lower the weight and form factors of the various parts in engines and shrink the number of parts. ... Given the turmoil and trouble it's in right now, [the aerospace industry] is going to seek out even more aggressively some of these new technologies that are going to help it get back to profitability.
"There are many medical applications ... that are going to submit to 3D printing because 3D printing allows for such incredible customization," she said. Automobile manufacturers could also soon turn to 3D printing in a big way as they run into demand issues, the CEO said. All this goes to show that not all industries are subject to weakness in the face of the pandemic, Jay Jacobs, head of research and strategy at Global X ETFs, said in the same "ETF Edge" interview.
ETFEdgeCNBC Anyone projecting $tsla to 3k a share should not be interviewed on CNBC or portrayed as a serious investor $tslaq
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »