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Arrow Electronics, Inc. reports developments tied to its role as a technology solutions provider for manufacturers and service providers. The company operates through Global Components and global enterprise computing solutions, with recurring updates on revenue, earnings, margins, guidance, gross billings and segment activity.
Company news also covers Arrow’s engineering and digital service offerings, including remote hardware evaluation through Digital Test Drive, customer-facing procurement and engineering workflows on arrow.com, and technical initiatives for vehicle electrical and electronic architecture. Other updates include earnings calls, investor presentations, and customer-support capabilities across component selection, design engineering, integration and supply chain services.
Arrow Electronics (NYSE:ARW) announced the retirement of Andy King, president of the global components business, effective December 31, 2020. King has contributed significantly to the company's success over his 34 years. David West, currently senior vice president of worldwide supplier marketing and engineering, will succeed him. West brings 22 years of leadership experience at Arrow, indicating continuity in the components segment's strategic direction. Arrow reported 2019 sales of $29 billion, supporting technology solutions for over 175,000 manufacturers and service providers.
Arrow Electronics (NYSE:ARW) has launched a new Security Starter Kit designed to integrate wireless solutions and single-board computers with Infineon's OPTIGA TPM2.0 and Trust M security solutions. This kit aims to address security gaps in connected devices, estimated at 70% lacking adequate security. It offers a simplified path for companies to implement essential security features, supporting current standards like ETSI TS 103 645. The kit is compatible with AWS IoT services, enabling rapid connection to cloud services for secure device development.
McLaren Racing has announced a multi-year extension of its partnership with Arrow Electronics (NYSE:ARW), initially started in 2019. This collaboration focuses on leveraging technology and innovation for mutual progress. Arrow's notable contribution includes supplying components for the VentilatorChallengeUK, where they enabled McLaren to produce over 13,000 medical ventilators in just 10 weeks during the pandemic. The Arrow brand will continue to feature on McLaren's Formula 1 cars and drivers in 2021, reflecting the ongoing multifaceted partnership.
Arrow Electronics has been recognized as one of Training Industry's Top 20 IT Training Companies for 2020, reflecting its quality and breadth in IT training offerings. This accolade underscores the company's leadership and innovative approaches in adapting to changing work environments, particularly during the shift to remote learning. As a major global technology provider with 2019 sales of $29 billion, Arrow serves over 175,000 technology manufacturers and service providers, enhancing their business and daily operations through advanced technology solutions.
Arrow Electronics (NYSE:ARW) announced that CFO Chris Stansbury will present at the 2020 Wells Fargo TMT Summit on Dec. 1 at 10:40 A.M. ET and at the Raymond James 2020 Technology Investors Conference on Dec. 7 at 2:20 P.M. ET. Both presentations will be accessible via live webcasts at investor.arrow.com, which will remain available for two weeks post-event. Arrow Electronics, with $29 billion in 2019 sales, supports over 175,000 technology manufacturers, creating innovative technology solutions to enhance business and daily life.
Disabled IndyCar driver Sam Schmidt has made a remarkable return to racing with the support of Arrow Electronics (NYSE:ARW), after 20 years away due to a severe injury. Competing in the Optima Ultimate Street Car Challenge in October 2020, Schmidt drove Arrow’s innovative Semi-Autonomous Motorcar (SAM), a modified 2020 Chevrolet Corvette. He placed 34th overall among 42 competitors and took 12th in the Start/Stop event. The SAM project aims to enhance mobility for disabled drivers, showcasing advanced technology for independence in driving.
Arrow Electronics (NYSE:ARW) will host a conference call on October 29, 2020, at 1:00 PM ET to discuss its third-quarter 2020 financial results. Interested parties can register online to obtain dial-in information or access the live webcast on the company's investor relations website.
Audio replays of the call will be available until November 12, 2020. Arrow Electronics reported $29 billion in sales for 2019 and provides technology solutions to over 175,000 manufacturers and service providers.