Industry News

Cubic Global Defense expands training services to F/A-18 and EA-18G aircraft with first task order. SAN DIEGO---- Cubic Global Defense, a business unit of Cubic Corporation, today announced the award of a five-year, approximately $80 million task order to support aviation training for the U.S. Navy and Marine Corps under the Navy’ s Fielded Training Systems Support IV Indefinite Delivery Indefinite Quantity Multiple Award Contract."/>
Cubic Awarded Nearly $80 Million from Navy’s FTSS IV IDIQ Multiple Award Contract to Support Aviation Training
Pointer Telocation Ltd.- a leading developer, manufacturer and operator of Mobile Resource Management, announced today that it has signed a binding agreement to acquire Cielo Telecom, a fleet management services company based in South Brazil. Cielo Telecom manages fleet customers covering approximately 16,000 trucks."/>
Pointer Telocation Acquires Cielo Telecom in Brazil for $6.5 Million in Accretive Transaction
Eltel AB on Friday announced the appointment of Hkan Kirstein as the company's new president and CEO, effective 19 September 2016.. Currently, Kirstein is a member of the board of directors at Eltel, a position he has held since May 2016. Prior to joining Eltel's board, Kirstein had an interim assignment as CEO of Imtech Nordic AB."/>
Eltel names Håkan Kirstein as new president and CEO
Eltel AB on Friday announced the appointment of Hkan Kirstein as the company's new president and CEO, effective 19 September 2016.. Currently, Kirstein is a member of the board of directors at Eltel, a position he has held since May 2016. Prior to joining Eltel's board, Kirstein had an interim assignment as CEO of Imtech Nordic AB."/>
Eltel names Håkan Kirstein as new president and CEO
Orion Group Holdings, Inc. a leading specialty construction company, today announced a contract award of approximately $28 million.. The Company’ s Heavy Civil Marine Construction segment, Orion Marine Group, was recently awarded a contract from the North Carolina State Ports Authority for upgrades to Berth 8 at the Port of Wilmington, North Carolina. The project will begin at the end of the 3 rd quarter of 2016 with a duration of approximately 18 months."/>
Orion Marine Group Announces a Contract Award of Approximately $28 Million
Garo AB on Friday reported net income of SEK15.4m, or EPS of SEK1.54, for eth second quarter of 2016.. This was an increase over net income of SEK9.7m, or EPS of SEK0.97, in Q2 of 2015.. Net sales for the quarter increased by 21% to SEK159.1m, as compared with SEK131.6m in Q2 2015.."/>
Garo’s net income up to SEK15.4m in Q2 2016
Garo AB on Friday reported net income of SEK15.4m, or EPS of SEK1.54, for eth second quarter of 2016.. This was an increase over net income of SEK9.7m, or EPS of SEK0.97, in Q2 of 2015.. Net sales for the quarter increased by 21% to SEK159.1m, as compared with SEK131.6m in Q2 2015.."/>
Garo’s net income up to SEK15.4m in Q2 2016
China Yuchai International Limited, a leading manufacturer and distributor of engines for on- and off-road applications in China through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited, announced today that it has successfully introduced China's first gas-electric hybrid powertrain system. At the recent Xinjiang International New Energy Vehicle and Electric Car Exhibition in Urumqi, Dongfeng Motor..."/>
China Yuchai Delivers China's First Gas-electric Hybrid System for the Truck Market
Tracking a transit renaissance [Bangkok Post, Thailand]
Child ID theft is growing problem [Detroit Free Press]
State Bank of India to reply to UB Group chairman Vijay Mallya's plea seeking recall of an order asking him to disclose his assets. On 7 April, the court directed Mallya to disclose all assets held by him and his family. The consortium of banks, led by the State Bank of India, however, claim that the former liquor baron had failed to furnish complete details of his assets and the apex court, on 25 July, issued a..."/>
SC tells banks to reply to Vijay Mallya's plea [Mint, New Delhi]
Banc of California, a banking brand started in 2013 after the merger of several small institutions, is linking up with the Los Angeles Football Club."/>
Marketing: Seven reasons companies put their names on stadiums [The Orange County Register]
State Bank of India is pushing creditors of Jyoti Structures Ltd to accept a takeover proposal from Dubai-based Amin Group, despite knowing about a past working relationship between promoters of the two companies, two people with knowledge of the development said. Jyoti Structures is an engineering, procurement and construction firm in the power sector, while Amin Group has interests in drug manufacturing, cane farming, livestock feed, oil and gas, recycling and..."/>
SBI pushing for Jyoti Structures takeover by Dubai's Amin Group [Mint, New Delhi]
Delta Air Lines, it's when 500 people come to the Twin Cities from around the country to practice getting ice off planes."/>
Boot camp prepares Delta Air Lines for the icy reception of winter [Star Tribune (Minneapolis)]
Northrop Grumman. It's the first time that Northrop's best known unmanned aircraft has played such a role. The National Hurricane Center upgraded Gaston on Thursday, as it was churning away in the Atlantic."/>
BRIEF: San Diego drone spots rise of Hurricane Gaston [The San Diego Union-Tribune]
Mitsubishi Heavy Industries Printing& Packaging Machinery, Ltd., a Group company of Mitsubishi Heavy Industries, Ltd. based in Hiroshima, has received an order for a Mitsubishi 4 x 1 "DIAMONDSPIRIT" newspaper offset press from Minami-Nippon Shimbun Co., Ltd., a newspaper company with head office in Kagoshima in Kyushu. The new press is to be installed at its new plant, with delivery scheduled for April 2018. Minami-Nippon Shimbun dates back to 1881, when..."/>
MHI-PPM Receives Order for 'DIAMONDSPIRIT' Newspaper Offset Press from Minami-Nippon Shimbun Co., Ltd.

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