Industry News

Honeywell today announced its results for the second quarter of 2016:. *Throughout this press release, core organic sales growth refers to reported sales growth less the impacts from foreign currency translation, M&A and raw materials pass-through pricing in the Resins& Chemicals business of PMT. The raw materials pricing impact is excluded in instances where raw materials costs are passed through to customers, which drives..."/>
Honeywell Reports Second Quarter 2016 Sales Of $10.0 Billion, Up 2%; Earnings Up 10% To $1.66 Per Share; Announces Split Of Automation And Control Solutions Business Group
Textron Inc. today reported second quarter 2016 income from continuing operations of $0.66 per share, up 10.0 percent from $0.60 per share in the second quarter of 2015.. Revenues in the quarter were $3.5 billion, up 8.1 percent from the second quarter of 2015. Textron segment profit in the quarter was $328 million, up $22 million from the second quarter of 2015.."/>
Textron Reports Second Quarter 2016 Income from Continuing Operations of $0.66 per Share, up 10%
Stanley Black & Decker Announces CEO Transition
Stanley Black & Decker Reports 2Q 2016 Results
Prayut invokes S44 to help Blue Line [Bangkok Post, Thailand]
Lockheed Martin, in partnership with Submergence Group LLC, will manufacture Dry Combat Submersibles that will transport personnel to their mission sites while submerged. These vehicles have longer endurance and operate at greater depths than swimmer delivery vehicles in use. Under the terms of the $166 million U.S."/>
United States Special Operations Command to Use New Lockheed Martin Undersea Vehicle for Long-Distance Missions
Lockheed Martin and Pilatus Aircraft Ltd have successfully completed the initial production test flight of the first PC-21 aircraft destined for the Australian Defence Force under the AIR 5428 Pilot Training System program. Under a contract signed in December 2015, the initial seven-year program is valued at AU $1.2 billion. Performance-based options for up to 25 years will provide the opportunity to extend the length and increase the value of the total..."/>
Lockheed Martin Team Achieves First PC-21 Flight under Australia's Air 5428 Pilot Training System Program
Burnham Holdings Inc on Thursday reported a net income of USD708, 000 for the second quarter of 2016, improved compared to the second quarter net income of USD628, 000 in 2015.. Net sales in the second quarter were USD34, 560 m, compared to net sales of USD36, 483 m in the same period last year. Sales volume in the company's key market areas continued to be impacted as a result of the mild weather experienced this past winter and due to lower energy prices over the past year."/>
Burnham Holdings declares second quarter results and dividend of USD0.22 per share
Burnham Holdings Inc on Thursday reported a net income of USD708, 000 for the second quarter of 2016, improved by USD80, 000 or 12.7%, compared to the second quarter net income of USD628, 000 in 2015.. Net sales in the second quarter were USD34, 560 m, compared to net sales of USD36, 483 m in the same period last year. Sales volume in the company's key market areas continued to be impacted as a result of the mild weather experienced this past winter and due to lower energy prices over the past..."/>
Burnham Holdings reports 12.7% improved net income for Q2 2016 over Q2 2016 and dividend of USD0.22 per share
Ameresco, Inc., a leading energy efficiency and renewable energy company, announced today that the Spackenkill Union Free School District received $78,488 in incentives for its energy efficiency project, and is expected to continue to benefit from energy savings of more than $200,000..."/>
Spackenkill Union Free School District Partnered with Ameresco for Energy Savings Performance Contract
Nidec Corporation today announced its consolidated results under the International Financial Reporting Standards for the three-month period ended June 30, 2016.. The highlights are as follows:. Transition to the International Financial Reporting Standards from U.S."/>
Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2016
Ashok Leyland Ltd stock gained 3.64% on BSE on Thursday, after the company surprised the Street by reporting a strong performance for the June quarter. A slowdown in sales of the better-priced medium and heavy commercial vehicles, which grew 12% in Q1 compared with 44% growth a year ago, together with a rise in input costs had been expected to dent profitability. Contrarily, Ebitda margins expanded 1.1 percentage points to 11.2%."/>
Ashok Leyland impresses on margins [Mint, New Delhi]
Tata Motors Ltd in 2010 to realize a vision he shared with then chairman Ratan Tata and then managing director Ravi Kant--to reinvent the firm and turn it into a global giant. Before joining Tata Motors, Leverton was chief engineer overseeing the Phantom project at Rolls-Royce Holdings Plc, and group engineering director at JCB Inc., the US-based maker of earth-moving equipment. Markus Braunsperger, 53, joined Hero MotoCorp Ltd in 2014..."/>
Indian auto majors tap foreign talent to enhance R&D efforts [Mint, New Delhi]
Mint, New Delhi, P. Manoj column [Mint, New Delhi]
Ezra Holdings Ltd, a Singapore-based provider of offshore marine services, and Japanese engineering company Chiyoda Corp.. The engineering, procurement, and construction..."/>
L&T unit-led consortium wins $1.6 billion Saudi Aramco contract [Mint, New Delhi]
Commercial Vehicle Group on Wednesday said it will close its plant in Monona, idling more than 100 people. The New Albany, Ohio, company shut down a plant in Edgewood in late May, eliminating about 80 jobs."/>
Monona plant closes, latest in round of Iowa manufacturing job losses [The Gazette, Cedar Rapids, Iowa]
Amazon.com announced Thursday it will hire more than 500 full-time workers and open a second fulfillment center in the Lehigh Valley, this time in a burgeoning business park off the new Route 33 interchange. Already a massive presence in the Lehigh Valley, Amazon plans to open a 1.1 million-square-foot warehouse in the 800- acre Chrin Commerce Centre in Palmer Township, essentially doubling its distribution capacity in the..."/>
Amazon to hire 500 for second Lehigh Valley warehouse [The Morning Call (Allentown, Pa.)]

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