Industry News

Vectrus Inc. lost a major contract Wednesday when the Army awarded a $70.4 million modification to its global logistics enterprise Army Prepositioned Stock-5 contract for maintenance, supply and transportation logistics services in Kuwait and Qatar to URS Federal Services Inc.. Colorado Springs-based Vectrus had held the contract since 2010, which generated $93 million in revenue through June for the military contractor. Vectrus CEO Ken Hunzeker said while..."/>
BRIEF: Colorado Springs-based company loses major Army contract [The Gazette (Colorado Springs, Colo.)]
Tesla Motors and SolarCity tumbled Thursday after disclosures that the green-tech companies face a cash squeeze ahead of their merger. Tesla said it would seek to raise up to $2.89 billion in capital through a stock sale in connection with the merger. Palo Alto-based Tesla plunged 5.3 percent in Thursday's trading, while San Mateo-based SolarCity nose-dived 9.1 percent."/>
Tesla, SolarCity both plunge amid worries about cash squeeze and merger [East Bay Times]
ViaSat is spreading it wings across the Atlantic-- providing in-flight Wi-Fi to Finnair's short-haul fleet serving Europe. The Carlsbad company declined to say how many Finnair Airbus A320 aircraft would be retrofitted for Wi-Fi, saying only that Finnair's entire short haul fleet would get the service. According to its website, Finnair operates 10 Airbus A320 aircraft servicing about 60 cities in Europe."/>
ViaSat tapped to supply Wi-Fi to Finnair [The San Diego Union-Tribune]
Avangrid Renewables, the company in charge of the project. "There's certainly been some bumps in the road.""/>
Tule Wind about to start construction [The San Diego Union-Tribune]
KINDER MORGAN FINALISE NATURAL GAS PIPELINE VENTURE US-based utility operator Southern Company and US-based energy infrastructure company Kinder Morgan, Inc. have finalised a natural gas pipeline venture through Southern Co's acquisition of a 50% equity interest in the Southern Natural Gas pipeline system from KMI, the companies said. Kinder Morgan will continue..."/>
M and A Navigator: Deal pipeline –2 September
Metaldyne Performance Group Inc. has closed the acquisition of US-based commercial vehicle components manufacturer Accuride Corp.' s Brillion Iron Works business unit, the company said. Brillion, Wisconsin-based Brillion Iron Works, which specialises in the casting design and production of gray, ductile and austempered ductile iron products. MPG said that the acquisition complements its..."/>
Vehicle Systems Supplier MPG Closes Acquisition of Brillion Iron Works Unit from Accuride
GMS Inc. has acquired Florida, US-based wallboard and construction products supplier Olympia Building Supplies, LLC, the company said. Terms of the deal were not disclosed. Olympia is a supplier of wallboard and related construction products including steel studs, joint compound, finishing products, insulation and other specialty products to the South Florida market."/>
GMS Buys Florida Drywall Distributor Olympia Building Supplies
JetBlue Airways made history as the first airline to begin commercial flights between the United States and Cuba in several decades. The mood was festive as passengers, crew members and other airport travelers danced to the sounds of Miami's El Tumbao Latin band and savored Cuban pastries, desserts and sandwiches, as they waited for JetBlue Flight 387 to leave..."/>
JetBlue launches historic U.S.-Cuba flight from Fort Lauderdale [Sun Sentinel]
AECOM concerning possible violations of federal securities laws between February 11, 2015 and August 15, 2016. Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the October 31, 2016 lead plaintiff motion deadline.. To participate in this class action lawsuit, click here."/>
IMPORTANT INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against AECOM and Reminds Investors with Losses to Contact the Firm
SolarCity's cash crunch, which became more evident this week when merger partner Tesla Motors filed a report with federal regulators, might raise the level of anxiety in Buffalo, where the state has invested $750 million to build a manufacturing plant for the solar energy installer. With lenders holding back while the merger plays out, business slowing and its own reserves dwindling, SolarCity needs the deeper pockets of Tesla to keep the cash flowing."/>
The Buffalo News, N.Y., David Robinson column [The Buffalo News, N.Y.]
Southwest Airlines Co. announced today that negotiators have reached an Agreement in Principle for the Company's Facilities Maintenance Technicians. Terms of the five-year deal include a complete set of work rules, a wage scale, and a ratification bonus. If ratified, the agreement would become the group's first contract since being accreted into the Aircraft Mechanics Fraternal Association."/>
Southwest Airlines And Facilities Maintenance Technicians Reach Agreement In Principle
TASER International and the global leader in digital evidence management solutions with the leading body-worn camera, today announced the third annual RISE Award winners in partnership with The RISE Awards seek to honor law enforcement officers and agencies who save lives, find innovative solutions to pressing problems, lead by example and serve their communities with honor."/>
TASER and Announce Third Annual RISE Award Winners
Celadon Group, Inc. today reported its financial and operating results for the three months and fiscal year ended June 30, 2016, the fourth fiscal quarter of the Company's fiscal year ended June 30, 2016.. June Quarter and FY2016 Results Revenue for the quarter increased $11.0 million, or 4.3%, to $264.3 million in the June 2016 quarter from $253.3 million in the June 2015 quarter. Freight revenue, which excludes fuel surcharges, increased..."/>
Celadon Group Reports June Quarter And Full Fiscal Year Results And Declares Dividend
YRC Worldwide Inc. today announced that Jamie Pierson, Chief Financial Officer will deliver a company presentation at 11:25 a.m. ET on Thursday, September 8, 2016, at the Cowen and Company 9 th Annual Global Transportation Conference in Boston, Massachusetts.. The event will be available to listeners on YRC Worldwide Inc.’ s website as a live webcast and as a replay for 30 days. YRC Worldwide Inc., headquartered in Overland Park, Kan., is the..."/>
YRC Worldwide to Present at Cowen Transportation Conference
United Airlines Service to Havana Starts November 29
Rollins, Inc. has acquired Australia-based pest control service Scientific Pest Management, the company said. Terms of the deal were not disclosed. Scientific Pest Management was founded in 1974 and operated by Chris Jones."/>
Rollins Acquires Australia’s Scientific Pest Management
Dycom Industries, Inc. announced today its upcoming presentation at the D.A. Davidson 15 th Annual Engineering and Construction Conference, held at The Omni Hotel in San Francisco, CA. Dycom is scheduled to make its presentation on Thursday, September 8, 2016, at approximately 10:00 a.m.."/>
Dycom Industries, Inc. to Present at the D.A. Davidson 15th Annual Engineering and Construction Conference
UPS Announces U.S. Rate Changes
Ryder System, Inc. Chairman and Chief Executive Officer Robert Sanchez will present a company update at the 2016 RBC Capital Markets Global Industrials Conference. Ryder is a FORTUNE 500 ® commercial fleet management, dedicated transportation, and supply chain solutions company. Ryder’ s stock is a component of the Dow Jones Transportation Average and the Standard& Poor’ s 500 Index."/>
Ryder to Address RBC Capital Markets Global Industrials Conference

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