Industry News

Vectrus Systems Corporation, a wholly-owned subsidiary of Vectrus, Inc., recently received a 2016 Royal Society for the Prevention of Accidents gold achievement award for health and safety performance. This is the second gold award for Vectrus. RoSPA began in 1916 as a U.K. family safety charity."/>
Vectrus wins second RoSPA Gold Award for Health and Safety
Cubic Global Defense to use advanced training technologies to strengthen government workforce readiness. SAN DIEGO---- Cubic Global Defense, a business unit of Cubic Corporation, today announced the award and receipt of Notice-to-Proceed on a $5.75 billion Multiple Award, Indefinite Delivery, Indefinite Quantity task order contract from the General Services Administration in partnership with the U.S. Office of Personnel Management for Human Capital and Training..."/>
Cubic Awarded $5.75 Billion IDIQ Contract to Support Government-wide Human Capital, Training and Organizational Improvements
ITT Inc.’ s Enidine brand announced today that Bell Helicopter, a subsidiary of Textron Inc., has chosen its proprietary vibration absorption technology to outfit the newly designed LIVE™ units on the Bell 505 Jet Ranger X. The LIVE unit, featuring ITT Enidine’ s multi-modulus journal and spherical bearings, was the result of close engineering collaboration between the two companies. This innovative technology reduces noise and vibration, providing a more..."/>
ITT’s New Vibration Absorption Technology Selected for the Bell 505 Jet Ranger X LIVE™ Units
Alamo Group Inc authorised a cash dividend of USD0.09 per share for the quarter, the company declared on Monday. This dividend will be paid on 28 October 2016 to shareholders of record at the close of business on 14 October 2016.. Alamo is a designer, manufacturer, distributor and service provider of quality equipment for infrastructure maintenance, agriculture and other applications."/>
Alamo announces dividend of USD0.09 per share for quarter
Bangkok Air in Danang shift [Bangkok Post, Thailand]
MRC Global reported on Monday the launch of an exclusive Enterprise Distributor Programme agreement for the US and Canada. The EDP agreement was executed between the company's US subsidiary, MRC Global Inc and Schlumbergers. Prior to the merging agreement between Schlumberger and Cameron International, the latter agreed to a global EDP with MRC Global for its engineered and distributed valve product lines."/>
MRC Global signs exclusive measurement and instrumentation EDP agreement with Schlumberger
Terex Corporation announced that it has completed the sale of its German compact construction business to Yanmar Holdings Co., Ltd. for $60 million in cash. The German compact construction business manufactures and sells midi/mini excavators, wheeled excavators and compact wheel loaders. Included in the transaction is the manufacturing facility located in Crailsheim, Germany and the parts distribution center located in Rothenburg, Germany."/>
Terex Announces the Completion of the Sale of its German Compact Construction Equipment Business to Yanmar Holdings Co., Ltd.
SpiceJet on Tuesday said it would be offering cheaper fares on some short sectors starting Rs.888 as part of its festival season sale. The sale would include sectors like Bengaluru-Kochi, Delhi-Dehradun, Chennai-Bengaluru while fares on some international routes like Chennai-Colombo will be around Rs.3, 699.. The four-day sale launched on Tuesday will be open till midnight 7 October, and the travel period covered under this sale is 8 November..."/>
BRIEF: SpiceJet offers low fares on some routes [Mint, New Delhi]
Fluor’ s expertise in managing large engineering, procurement and construction projects Partnership to capture new growth opportunities for both companies. ZURICH---- ABB and Fluor have formed a global strategic partnership for the execution of large turnkey engineering, procurement and construction projects for electrical substations. By combining ABB’ s world-leading technology and its..."/>
ABB and Fluor Partner to Deliver Power Substation Projects Globally
Mitsubishi Heavy Industries, Ltd. recently appointed Kiyoshi Okazoe as the new President of Mitsubishi Heavy Industries America, Inc., a wholly owned subsidiary of MHI, effective October 1, 2016. A veteran of the MHI North America operations, Okazoe succeeded Kenji Ando, who assumed the position of President and CEO, Energy& Environment, based in Tokyo. "We are aggressively pursuing global growth, and the U.S. is a particularly important region for us," said MHI..."/>
Kiyoshi Okazoe Appointed New President of Mitsubishi Heavy Industries America, Inc.
Macquarie Infrastructure Corporation announced that it has engaged Wells Fargo Securities LLC, JPMorgan Chase Bank N.A., Regions Capital Markets and BBVA Compass as joint lead arrangers for $750 million of senior secured credit facilities, for the refinancing of the term loan and revolving credit facility of its Atlantic Aviation subsidiary. MIC currently expects the closing of the senior secured credit facilities and the refinancing to occur prior to the middle..."/>
Macquarie Infrastructure Corporation Announces Planned Refinancing of Atlantic Aviation Credit Facilities

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