Industry News

Lockheed Martin announced today a final proration factor of approximately 8.05 percent for its exchange offer for shares of Lockheed Martin common stock in connection with the transaction to separate its Information Systems& Global Solutions business segment and merge it with a subsidiary of Leidos Holdings, Inc., which successfully closed on August 16, 2016.. Based on the final count by the exchange agent, a total of 95,518,064 shares of Lockheed Martin common..."/>
Lockheed Martin Announces Final Proration Factor of Approximately 8.05 Percent for Shares Tendered in Exchange Offer for IT and Technical Services Businesses
Engility Holdings Inc on Monday announced the appointment of Michael Grasso as senior vice president for business development and strategic planning. In his new role, Grasso will report directly to CEO Lynn Dugle. Grasso joins Engility after a 35- year tenure at Lockheed Martin, where he most recently served as vice president, Government Relations."/>
Engility names Michael Grasso as SVP for Business Development and Strategic Planning
Inox Wind Ltd, India's second largest wind-turbine maker by market share, expects to get a boost from the upcoming wind-solar hybrid policy, the newly-announced central tender of 1 gigawatt under reverse bidding, and implementation of a renewable generation obligation on power producers, the company's executive director Devansh Jain said in a phone interview on Monday. Jain said Inox Wind is waiting for the hybrid policy for wind and solar energy to be announced..."/>
Inox Wind says hybrid wind-solar policy will boost growth [Mint, New Delhi]
AT&T announces Cuba voice, text, data service [Sun Sentinel]
Microsoft founder's fortune to $90 billion. Strong performances from Canadian National Railway Co. and Ecolab Inc. moved Gates $13.5 billion ahead of the second richest man in the world, Spanish retail magnate Amancia Ortega."/>
BRIEF: Bill Gates' net worth hits record high $90 billion, website reports [NOLA Media Group, New Orleans]
Ten Pao Group Holdings Limited, a leading one-stop manufacturer of switching power supply units in China, has announced its unaudited interim results for the six months ended 30 June 2016. The Group's revenue and net profit have both recorded significant increases in the first half of 2016. During the Period, driven by the substantial rise in orders for switching power supply units for consumer and industrial products, the Group's revenue increased by..."/>
Ten Pao Group Announces Satisfactory 2016 Interim Results
Lockheed Martin, a defense contractor with more than 7,000 employees in Orlando, has landed a deal with the U.S. Air Force that could end up being a $10 billion haul. The contract will cover production of Lockheed's C-130J transport plane the Super Hercules, which the military uses to transport vehicles and equipment."/>
Lockheed lands deal that could net $10 billion [Orlando Sentinel]
Optex Systems Holdings, Inc., a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, today announced that it has priced an underwritten public offering of units for gross proceeds of $4.75 million, before deducting the underwriting discount and commissions and estimated offering expenses payable by Optex, but excluding any proceeds from the exercise of any warrants."/>
Optex Systems Holdings Announces Pricing of $4.75 Million Public Offering
Journey Group Plc have reached agreement on the terms of a recommended cash offer to be made by Jaguar Holdings for the entire issued and to be issued share capital of Journey, the companies said. Jaguar Holdings was formed at the direction of Harwood Capital LLP, on behalf of the Harwood Funds, and has been specifically designated for use in making the offer."/>
Jaguar Holdings to Buy UK In-Flight Products and Services Group Journey in GBP 28.4m Deal
M and A Navigator: Deal pipeline –23 August
United to cut its Wichita-Chicago flights [The Wichita Eagle]
Delta Air Lines will operate a 110- seat Boeing 717 airliner between Cedar Rapids and Atlanta on daily flights beginning Oct. 4. The service will bring "mainline" service operated by a major airline back to The Eastern Iowa Airport. "It will be morning-originating flight and then come back in the evening for the aircraft to spend the night in Cedar Rapids," Airport Director Marty Lenss said."/>
Delta to upgrade service to Atlanta [The Gazette, Cedar Rapids, Iowa]
Mitsubishi Heavy Industries Air-Conditioning& Thermal Systems Corporation, a Group company of Mitsubishi Heavy Industries, Ltd., will commence the launch of eight models in its 2016 lineup of "roomiest" humidifiers for the Japanese home market. The lineup is to include five fan-powered steam type units and three hybrid evaporative warm-mist models. The former type are designed for easy operation and engineered for outstanding energy savings..."/>
MHI to Launch 2016 "roomiest" Humidifier Lineup

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