Industry News

Caterpillar Inc. today announced profit per share of $0.93 for the second quarter of 2016, a decrease from $1.31 per share in the second quarter of 2015."/>
Caterpillar Reports Second-Quarter 2016 Results
Union Pacific Railroad Museum has been named to the USA TODAY "10 Best" Readers' Choice list of best transportation museums. The Council Bluffs, Iowa, based museum was ranked No. 3 on the list. "Being included on USA TODAY's' 10 Best' list is a testament to the Union Pacific Railroad Museum's diverse and engaging exhibits, outreach activities, and its impressive collection of artifacts and photography," said Patricia LaBounty, museum and collections..."/>
USA TODAY Readers Name Union Pacific Railroad Museum No. 3 in U.S.
Virgin America Inc. today announced that the merger agreement with Alaska Air Group, Inc., the parent company of Alaska Airlines, Inc., was approved by an affirmative vote of the holders of a majority of the outstanding shares of Virgin America voting common stock. A report reflecting the complete voting results will be available on a Current Report on Form 8- K to be filed later this week by Virgin America. On April 4, 2016, Virgin America and..."/>
Virgin America Shareholders Vote To Approve Merger Agreement With Alaska Air Group, Inc.
Lockheed Martin's unparalleled credentials in advanced technology and mission success. -Accelerates the adoption of new, enhanced asset tracking and emergency response systems by government and corporate customers. BOSTON and DENVER- HawkEye 360, Inc., a subsidiary of Allied Minds, and Lockheed Martin are collaborating to apply HawkEye 360' s radio frequency detection and..."/>
Lockheed Martin and HawkEye 360 Collaborating to Bring Space-Based Radio Frequency Mapping and Analytics to New Markets
Astec Industries Inc. boosted its second quarter profits nearly 55 percent over a year ago to $18.2 million, or 79 cents per share, on net sales of $294.4 million. The Chattanooga-based asphalt equipment maker said today that sales this spring were up 9.9 percent over a year ago and the results beat Wall Street expectations for the second quarter by 4 cents per share. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 75 cents per..."/>
BRIEF: Astec sales, profits up, ahead of expectations [Chattanooga Times Free Press, Tenn.]
Lockheed Martin and Korea Aerospace Industries successfully completed the initial test flight of its second T-50A configured aircraft in Sacheon, South Korea. The T-50A is the company's aircraft offering in the U.S. Air Force's Advanced Pilot Training competition."/>
Lockheed Martin's Second T-50A Aircraft for T-X Competition Takes Flight
Lockheed Martin's counter-improvised explosive device system, which provides enhanced capabilities that allow partner nations to combat ever-changing threats. Symphony Block 40 is an open architecture system developed with the latest technologies to address new..."/>
Lockheed Martin's Latest Counter-IED System to Support Partner Nations
Northrop Grumman Corporation's autonomous Global Hawk unmanned aircraft system surpassed 200,000 flight hours, reinforcing its status as the most effective high altitude, long endurance intelligence gathering aircraft in the world. Air Force's Global Hawks logged 88 percent of the 200,000 flight hours with the remaining hours flown by NASA Global Hawks, Germany's Full Scale Demonstrator and the Navy's broad area maritime surveillance aircraft..."/>
Autonomous Global Hawk Unmanned Aircraft System Surpasses 200,000 Flight Hours
Cubic Global Defense to help increase gunnery proficiency with simulated trainers. SAN DIEGO-- Cubic Global Defense, a business unit of Cubic Corporation, today announced an award of $13.9 million from Oasis Advanced Engineering to produce and deliver Crewstation Subsystems in support of the Bradley Fighting Vehicle Conduct of Fire Trainer. The COFT enables the BFV unit to perform critical skills required in combat and designed for gunnery proficiency."/>
Cubic Receives $13.9 Million Contract to Support US Army's Bradley Fighting Vehicle Conduct of Fire Trainer
Caterpillar Inc. once again announced diminished sales for the second quarter of the year and pointed to soft global markets and political turmoil as reasons for a dim outlook for the remainder of the year. The company's second quarter report also indicated additional layoffs are expected in the second half of 2016.. Second-quarter sales in 2016 were down 16 percent from the previous term in 2015-- to $10.3 billion from $12.3 billion, according to a release..."/>
Caterpillar expects more layoffs after disappointing second quarter [Journal Star, Peoria, Ill.]
LMI Aerospace chief operating officer Joe DeMartino has resigned from the St. Charles-based manufacturer of aircraft parts. In a statement Tuesday, LMI said DeMartino left for personal reasons."/>
BRIEF: LMI COO DeMartino resigns [St. Louis Post-Dispatch]
MasTec, Inc. today announced that it will release results of operations for the quarter ended June 30, 2016 after the market closes on Thursday, August 4, 2016. Senior Management will also hold a conference call to discuss these results on Friday, August 5, 2016, at 9:00 a.m. Eastern time. The call-in number for the conference call is 312-0664 and the replay number is 457-0820, with a pass code of 9184746."/>
MasTec Schedules Second Quarter 2016 Earnings Release and Conference Call
Eaton Declares Quarterly Dividend Payable August 19, 2016
Spirit Airlines has you covered with new routes and ultra-low fares to escape the cold."/>
Spirit Airlines Expands Ultra-Low Cost Service in Northeast Ohio with New Service to Akron-Canton Airport
Caterpillar reported falling earnings in the most recent quarter and as a result, job losses are expected in the second half of the year, the company said. Caterpillar Inc. reported consolidated sales and revenue of $10.3 billion for the second quarter of 2016, down 16 percent from $12.3 billion in the second quarter of 2015.. The company also announced profit per share of 93 cents for the second quarter of the year, a decrease..."/>
Falling revenue leads to expected job cuts [Dayton Daily News, Ohio]
Lockheed Martin's counter-improvised explosive device system, which provides enhanced capabilities that allow partner nations to combat ever-changing threats. Symphony Block 40 is an open architecture system developed with the latest..."/>
Lockheed Martin's Latest Counter-IED System to Support Partner Nations
BIOREM Inc. today announced its results for the three and six-month periods ended June 30, 2016. Biorem's complete second quarter financial statements and MD&A have been filed on SEDAR. Biorem's revenues for the second quarter were $2.9 million, a 38% decrease over the $4.7 million in revenue recorded in the second quarter of 2015 and $1.2 million below the $4.2 million recorded in the first quarter of 2016."/>
Biorem Reports Second Quarter Results
Lockheed Martin and Korea Aerospace Industries successfully completed the initial test flight of its second T-50A configured aircraft in Sacheon, South Korea. The T-50A is the company's aircraft offering in the U.S. Air Force's Advanced Pilot Training competition."/>
Lockheed Martin's Second T-50A Aircraft for T-X Competition Takes Flight
Allied Minds, and Lockheed Martin are collaborating to apply HawkEye 360' s radio frequency detection and mapping technology in new markets. HawkEye 360 plans to deploy a constellation of small satellites in low-Earth orbit at less than 600 km from the Earth's surface, to identify, locate and analyze RF signals globally. Pending various regulatory approvals of this system and its capabilities,..."/>
Lockheed Martin and HawkEye 360 Collaborating to Bring Space-Based Radio Frequency Mapping and Analytics to New Markets
Power Solutions International, Inc., a leader in the design, engineer and manufacture of emissions-certified, alternative-fuel power systems, today announced that Navistar’ s IC Bus will launch a new, gasoline-fueled school bus powered by the PSI 8.8- liter gasoline engine. IC Bus will present the new CE Series Type C bus at its booth at The North American School Bus Conference& Trade Show in Reno. STN EXPO attendees will be able to test drive the new bus at..."/>
Navistar & Power Solutions International Launch Gasoline-Fueled IC Bus at STN EXPO

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