Industry News

Mitsubishi Regional Jet airplanes arrived Wednesday afternoon at Moses Lake, where over the next year to 18 months the Japanese company will conduct flight tests ahead of first delivery in mid-2018. The 88- seat MRJ90 jet landed safely at 5:47 p.m. after hopscotching since Sunday from Japan, with stops in Russia and Alaska. The plane's arrival was delayed about a month after two previous ferry flights from Japan in late August were abandoned when a..."/>
Mitsubishi's first MRJ plane reaches Moses Lake testing site [The Seattle Times]
Norfolk Southern official crushed the hopes of rail fans by flatly saying no to any chance that Amtrak could use its freight tracks for a commuter train from the Lehigh Valley to New York, Amtrak has scheduled two daylong excursion trains from New York into the Lehigh Valley, Oct. 29 and Oct. 30.. But before anyone runs out to book tickets for their daily commute into the Big Apple, they should..."/>
Amtrak to run Autumn Express passenger train through Lehigh Valley for first time [The Morning Call (Allentown, Pa.)]
Boeing Co. fighter jets to Kuwait and Qatar, a decision that could preserve thousands of jobs in the St. The deal had been delayed for more than two years, amid concerns by Israel that the planes posed a threat to that nation's security. But members of Missouri's delegation had long touted the sale as a jobs boost for the St."/>
Obama administration approves sale of Boeing jets to Kuwait, Qatar [St. Louis Post-Dispatch]
Aerojet Rocketdyne Holdings, Inc. today announced that it is notifying holders of its 2¼% Convertible Subordinated Debentures due 2024 that Aerojet Rocketdyne will redeem, on October 28, 2016, all of their Debentures at a purchase price equal to 100% of the principal amount of the Debentures to be redeemed, plus any accrued and unpaid interest. As of September 28, 2016, the outstanding principal amount of the Debentures was..."/>
Aerojet Rocketdyne Holdings, Inc. Announces Redemption Notification for 2¼% Convertible Subordinated Debentures due 2024
SolarCity, the solar energy systems installer whose acquisition by Tesla Motors is being delayed by shareholder lawsuits, is facing another legal challenge from a competitor that accuses it of stealing trade secrets for the production of high-efficiency solar panels. The lawsuit, filed Monday by Cogenra Sola and its longtime majority shareholder Khosla Ventures, alleges that SolarCity and its solar panel manufacturing business, Silevo, stole trade secrets..."/>
SolarCity faces another legal hurdle as competitor sues over trade secrets [The Buffalo News, N.Y.]
Stuart Olson Inc. today announced that it will release its financial results for the three and nine months ended September 30, 2016 on Thursday, November 3, 2016 after the close of the Canadian capital markets. The Company will host a conference call and webcast to discuss its 2016 third quarter results on Friday, November 4, 2016 at 7:30 a.m. MT. The conference call will include prepared remarks from David LeMay, President and CEO, and Daryl Sands,..."/>
Stuart Olson Announces Release Date, Conference Call and Webcast for 2016 Third Quarter Financial Results
Aegion Corporation announced its President and Chief Executive Officer, Charles R. Gordon, will host a conference call on Tuesday, October 4, 2016 at 9:30 a.m. Eastern Daylight Time to discuss the Company’ s long-term strategy for growth. There will be a question and answer period after the prepared remarks. LIVE CONFERENCE CALL AND WEBCAST: Tuesday, October 4, 2016, 9:30 a.m. Eastern Daylight Time Listen-only, Toll-free: 877-312-8824 Listen-only, Toll: 408-940-3830..."/>
Aegion Corporation Sets Date to Discuss the Company’s Long-Term Strategy for Growth
InnerWorkings, the leading global marketing execution firm, today announced a new partnership with Preferred Hotels& Resorts, the world’ s largest independent hotel brand. Under the exclusive multi-year agreement, InnerWorkings will facilitate the production of all branded items that Preferred Hotels& Resorts creates for its offices, member hotels, current and potential partners and loyal guests, from the company’ s Preferred Travel magazine to collateral for its..."/>
InnerWorkings Announces Exclusive Partnership with Preferred Hotels & Resorts
Boyuan Construction Group, Inc., a growing construction company in China of commercial, residential and municipal infrastructure projects, today reported its financial results for the three-month and twelve-month periods ended June 30, 2016.. Selected Fiscal Year Financial Results."/>
Boyuan Files FY2016 Financial Statements
Cargojet Inc. announced today that it has completed the private placement of 100,000 variable voting shares of Cargojet to James R. Crane, a member of Cargojet's Board of Directors, disclosed in the Company's final prospectus dated September 8, 2016. The Company intends..."/>
Cargojet Director Acquires Shares
FreeSeas Inc., a transporter of dry-bulk cargoes through the ownership and operation of two Handysize vessels and an owner of a controlling stake in a company commercially operating tankers, announced today that on September 26, 2016, it sold to unrelated third parties the M/V‘ Free Maverick’, a 1998- built, 23,994 dwt Handysize dry bulk carrier for a sale price of $1,925,000 and her mortgage was discharged.. FreeSeas Inc. is a Marshall Islands..."/>
FreeSeas Concludes Sale of Vessel
Global Power Equipment Group Inc. today provided an update on the timing of when it expects to file its financial statements as well as its liquidity initiatives and financial position. It also announced expected goodwill and trade name impairments and valuation allowance on deferred tax assets. Financial Restatement Process and 2016 Financial Statements."/>
Global Power Provides Update on Restatement Process and Financial Position
Powell Industries, Inc., a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that its Board of Directors has named Brett A. Cope, age 48, President and Chief Executive Officer of the Company, effective October 1, 2016. Cope was also named to the Board of Directors effective October 1 st. Thomas W. Powell, Chairman, President and Chief Executive Officer, stated, "On behalf..."/>
Powell Industries Names Brett A. Cope President And Chief Executive Officer

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