Industry News

US Navy awards Raytheon $291 million for AIM-9X
ITT Inc. is showcasing its product portfolio for the global aerospace market at the 2016 Farnborough International Air Show, July 11-15. ITT's Aerospace Controls, with its newly acquired Environmental Control Systems product line, and Enidine brands will exhibit customized flow and motion control devices,..."/>
ITT's actuation and fluid control solutions on display at Farnborough 2016
Mitsubishi Corporation and Mitsubishi Estate Co., Ltd. are pleased to announce the July 12 signing for the Landmark Project, a large mixed-use redevelopment in Central Yangon, Myanmar. The Project will be developed with Yoma Strategic Holdings Ltd. and First Myanmar Investment Co., Ltd.. Both Yoma and FMI are affiliates of Serge Pun& Associates Ltd. Group, a major Myanmar-based conglomerate. The Project entails redeveloping four hectares, where the SPA Group..."/>
Mitsubishi Corp and Mitsubishi Estate to commence the Landmark Project in Central Yangon, Myanmar
United Technologies Corp., has been selected by Hainan Aviation Group Co., Ltd. to supply the wheels and carbon brakes for its new fleet of A320neo aircraft. The selection makes HNA Aviation the sixth A320ceo customer to change its wheels and brakes supplier from the competition to UTC Aerospace Systems for its A320neo fleet. "HNA Aviation's selection of our wheels and brakes for its A320neo fleet..."/>
UTC Aerospace Systems to supply wheels and brakes for HNA Aviation's new A320neo fleet
Air Lease Corporation announced an order for six 737 MAX 8 s at the 2016 Farnborough International Airshow. Three of the orders are new, and three were previously attributed to an unidentified customer on the Boeing Orders& Deliveries website. The order is valued at $660 million at current list prices."/>
Boeing, Air Lease Corporation Announce Order for Six 737 MAXs
FreightCar America Inc revealed on Tuesday that Howard Broadfoot joined as its vice president of Manufacturing- Shoals, as of 27 June 2016.. In this role, Broadfoot will report directly to president and chief executive officer Joseph E McNeely and serve as a key member of the company's leadership team. Most recently, Broadfoot was the VP of Operations of Electro-Mechanical Corporation for 7 years and also held senior operations leadership roles with Thomas and Betts,..."/>
FreightCar America names Howard Broadfoot as VP of Manufacturing - Shoals
Canadian Pacific Railway Limited's board of directors authorised a quarterly common stock dividend of CAD0.50 per share, the company disclosed on Monday. The dividend to shareholders of record at the close of business on 30 September 2016 will be paid on 24 October 2016 and is "eligible" for purposes of the Income Tax Act and any similar provincial/territorial legislation. Canadian Pacific together with its subsidiaries, operates a transcontinental railway offering a suite..."/>
Canadian Pacific Railway Limited declares dividend of CAD0.50 per share
A O Smith Corporation approved a regular quarterly cash dividend of USD0.24 per share on the company's common and class A common stock, it revealed on Monday. The dividend will be paid on 15 August 2016 to shareholders of record on 29 July 2016.. A O Smith manufactures and markets a range of water heaters, boilers and other products for residential and commercial end markets in the US, China, Canada, Europe and India."/>
A O Smith announces dividend of USD0.24 per share for quarter
PACCAR Inc's authorised a quarterly cash dividend of USD0.24 per share, the company declared on Tuesday. The dividend will be paid on 2 September 2016 to stockholders of record at the close of business on 12 August 2016.. PACCAR together with its subsidiaries, designs, manufactures and distributes light, medium and heavy-duty commercial trucks worldwide."/>
PACCAR announces dividend of USD0.24 per share for quarter
United Technologies Corp. company, and Lufthansa Technik, a global leader in aircraft engine maintenance, repair and overhaul, together announced that Lufthansa Technik will become Pratt& Whitney's principal provider of mobile engine maintenance services for V2500 ®, PW1100G-JM, PW1500G and PW1900G engines. This new cooperation will provide Pratt& Whitney customers with more..."/>
Lufthansa Technik to Become Principal Provider of Pratt & Whitney Global Mobile Engine Services
L-3 Communications announced today that its WESCAM division has received multiple orders from General Atomics Aeronautical Systems, Inc. for its MX™ -15 D electro-optical and infrared designator systems for an international military customer. L-3’ s equipment will support medium-altitude covert intelligence, surveillance and reconnaissance missions carried out by GA-ASI’ s Predator ® XP remotely piloted aircraft system. L-3’ s imaging systems..."/>
L-3’s MX™-15D Selected for GA-ASI’s Predator® XP Platform
United Technologies Corp. company, and Lufthansa Technik, a global leader in aircraft engine maintenance, repair and overhaul, together announced that Lufthansa Technik has signed a strategic network agreement to become a key member of the Pratt& Whitney Geared Turbofan engine MRO network offering the full scope of MRO services on PW1100G-JM and PW1500G engines. The Pratt& Whitney GTF engine..."/>
Pratt & Whitney and Lufthansa Technik Sign Strategic Agreement to Strengthen Geared Turbofan™ Engine MRO Services
New JSOW C-1 ready for US Navy fleet
LafargeHolcim at an enterprise value of $1.4 billion, in what could be the largest deal financed by bonds in India. The company, best known for its success in the detergent business in the 1970 s and 1980 s--it was a formidable competitor to Hindustan Unilever Ltd--plans to raise about Rs.4, 000 crore from the domestic corporate bond market to part-finance its purchase, said three bankers familiar with..."/>
Nirma to buy Lafarge India assets from LafargeHolcim for $1.4 billion [Mint, New Delhi]
Jaiprakash Associates Ltd, the holding company of the Jaypee Group."/>
Jaypee's real estate business faces pressure from lenders, buyers [Mint, New Delhi]
SYNNEX Corp. for $420 million, SYNNEX said on Monday. SYNNEX, a Fortune 500 corporation, will integrate Minacs into its wholly-owned subsidiary Concentrix. SYNNEX is a leading business process services company, optimizing supply chains and providing outsourced..."/>
BPO firm Minacs sold to US-based SYNNEX [Mint, New Delhi]
L-3 Communications announced today that its Platform Integration division has delivered an upgraded C-130 aircraft to Argentina as part of a U.S. Air Force Foreign Military Sales program."/>
L-3 Delivers Upgraded C-130 Aircraft to the U.S. Air Force for Argentine Foreign Military Sales Program
L-3 Communications announced today that its MAS division has been awarded a contract from the Canadian government to provide engineering, repair& overhaul, and publication management services on the CT-114 Tutor aircraft demonstration fleet. This two-year contract will run from 2016 to 2018 and includes three additional option years. With this award, L-3 MAS will continue to support Canada’ s fleet of demonstration aircraft, as it has done for more than 40..."/>
L-3 Selected to Provide Engineering, Repair & Overhaul, and Publication Management Services on the CT-114 Tutor Aircraft Fleet
Mitsubishi Heavy Industries Transportation Equipment Engineering& Service Co., Ltd., a Group company of Mitsubishi Heavy Industries, Ltd., will undergo verification testing on an operating rail line. With the cooperation of Keikyu Corporation, testing will be performed at platform #1 of Miurakaigan Station on the company's Keikyu Kurihama Line. The..."/>
Verification Testing to Commence of Improved Version of "Dokodemo Door" Railway Platform System Accommodating Multiple Door Configurations
ManpowerGroup Solutions today released its fourth Contingent Workforce Index, which tracks the relative ease of sourcing, hiring and retaining contingent workforce in 75 countries. In the new report, New Zealand leads for the second consecutive year, demonstrating an optimal environment for use of contingent labor: Availability, Cost Efficiency, Regulation and Productivity. Singapore, the Philippines, Israel and India moved to the top of..."/>
New Zealand, Singapore and the Philippines Rank Strongest Globally in ManpowerGroup Solutions 2016 Contingent Workforce Index

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