Industry News

Fenner plc has sold Tucson, Arizona-based catheter maker Xeridiem Medical Devices, Inc to Wisconsin-based specialty packaging products company PPC Industries, Inc for a consideration of USD 10.5 m, payable in cash, the company said. During the year ended 31 August 2015, Xeridiem achieved an operating profit of USD 0.2 m before certain non-recurring items and had gross assets of approximately USD 3.2 m. The proceeds of the sale will..."/>
Fenner Sells US-based Xeridiem Medical Devices to PPC Industries for USD 10.5m
Spirit AeroSystems Inc. President and Chief Executive Officer Tom Gentile will speak at the Morgan Stanley Laguna Conference in Laguna Niguel, CA., on Thursday, September 15, 2016, at 12:15 p.m.. Remarks from Gentile will be webcast and will be available at http://www.spiritaero.com/investor. aspx. Individuals are advised to check the website ahead of time to ensure their computers are configured for the webcast."/>
Spirit President and Chief Executive Officer speaking at Morgan Stanley Laguna Conference
Spirit AeroSystems Inc. President and Chief Executive Officer Tom Gentile will speak at the Morgan Stanley Laguna Conference in Laguna Niguel, CA., on Thursday, September 15, 2016, at 12:15 p.m.. Remarks from Gentile will be webcast and will be available at http://www.spiritaero.com/investor. aspx. Individuals are advised to check the website ahead of time to ensure their computers are configured for the webcast."/>
Spirit President and Chief Executive Officer speaking at Morgan Stanley Laguna Conference
PGT, Inc. Subsidiary to Acquire US Impact Systems
Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc., successfully completed its final test series on its sub-scale oxygen rich preburner as part of the U.S. Air Force Research Laboratory Hydrocarbon Boost Technology Demonstrator program. Aerojet Rocketdyne tested the preburner at full power and full duration to provide key insights for future engines that use this engine cycle.."/>
AFRL Technology Demonstration Program Gives Boost to Future Hydrocarbon and AR1 Engines
Meritor, Inc. will participate in the RBC Capital Markets 2016 Industrials Conference on Wednesday, Sept. 7 in Las Vegas. Kevin Nowlan, senior vice president and chief financial officer for Meritor, will present at 1:55 p.m. PT. A live webcast of the presentation will be available on the Investors' page of meritor.com."/>
Meritor to Present at RBC Capital Markets 2016 Industrials Conference
Canadian Pacific Railway Limited today announced changes to its Board of Directors, including the appointment of Jill Denham and William R. Fatt, and the resignation of Bill Ackman, effective immediately. "Bill has been instrumental in CP's turnaround and his leadership will be missed at the board level," said Andrew F. Reardon, Chairman of the Board. "His experience, energy, commitment and knowledge served the board well over the last four years and..."/>
CP appoints new directors to Board; announces resignation of Bill Ackman
Canadian Pacific Railway Limited today announced changes to its Board of Directors, including the appointment of Jill Denham and William R. Fatt, and the resignation of Bill Ackman, effective immediately. "Bill has been instrumental in CP's turnaround and his leadership will be missed at the board level," said Andrew F. Reardon, Chairman of the Board. " His experience, energy, commitment and knowledge served the board well over the last four years and positions..."/>
CP appoints new directors to Board; announces resignation of Bill Ackman
Magal Security Systems Ltd. announced today that Mr. Kobi Vinokur has been appointed as CFO of the Company."/>
Magal Announces Appointment of Kobi Vinokur as Chief Financial Officer
Air Canada today announced that it has issued conditional notices of redemption for all U.S. $400 million of its 6.750% Senior Secured Notes due 2019, C $300 million of its 7.625% Senior Secured Notes due 2019 and U.S. $300 million of its 8.750% Senior Second Lien Notes due 2020. Subject in each case to the satisfaction or waiver of the Conditions, the redemption of the Notes is expected to occur on October 6, 2016 or such later date as determined by Air..."/>
Air Canada Announces Conditional Notices of Redemption for All of its Outstanding 6.750% Senior Secured Notes due 2019, 7.625% Senior Secured Notes due 2019 and 8.750% Senior Second Lien Notes due 2020, Subject to Completion of Proposed Refinancing Transaction
Air Canada today announced that it has issued conditional notices of redemption for all U.S. $400 million of its 6.750% Senior Secured Notes due 2019, C $300 million of its 7.625% Senior Secured Notes due 2019 and U.S. $300 million of its 8.750% Senior Second Lien Notes due 2020. Subject in each case to the satisfaction or waiver of the Conditions, the redemption of the Notes is expected to occur on October 6, 2016 or such later date as determined by Air..."/>
Air Canada Announces Conditional Notices of Redemption for All of its Outstanding 6.750% Senior Secured Notes due 2019, 7.625% Senior Secured Notes due 2019 and 8.750% Senior Second Lien Notes due 2020, Subject to Completion of Proposed Refinancing Transaction
TransDigm Group Incorporated announced today that it has entered into a definitive agreement to acquire Young& Franklin Inc. and its subsidiaries, including Tactair Fluid Controls Inc.. The Company manufactures proprietary, highly engineered valves and actuators. Revenues are anticipated to be about $75 million for the fiscal year ending December 2016 with aftermarket comprising approximately 70% of the revenue."/>
TransDigm to Acquire Young & Franklin Inc. and Tactair Fluid Controls Inc.
Quanex Building Products Corporation today announced its results for the quarter ended July 31, 2016.. Net sales increased 38% to $248.1 million compared to $180.2 million in Q3 2015 Loss from continuing operations of $4.0 million, driven largely by interest expense related to the debt refinancing, compared to income from continuing operations of $6.5 million in Q3 2015 Adjusted EBITDA increased 32% to $33.1 million versus $25.1 million in Q3 2015 Debt..."/>
Quanex Building Products Announces Third Quarter 2016 Results
Sparton Corporation today announced financial results for its fourth quarter and fiscal year ended July 3, 2016.. Net sales of $107.0 million Gross profit margin of 20.0% SG&A expenses of $13.5 million, 12.6% of sales; $12.4 million, 11.6% on an adjusted basis Adjusted operating income of $5.9 million, a 5.5% adjusted operating margin Recognized an impairment of MDS Segment goodwill of $64.2 million Loss per share of; Earnings per share of $0.50 on an adjusted..."/>
Sparton Corporation Reports Fourth Quarter and Fiscal Year 2016 Financial Results
Covanta Holding Corporation, a world leader in sustainable waste management and renewable energy, is scheduled to participate at the following conferences:. Barclays CEO Global Energy- Power Conference in New York on Wednesday, September 7, 2016. Stephen J. Jones, Covanta's President and Chief Executive Officer, will be speaking at 4:25 PM."/>
Covanta Holding Corporation to Present at Conferences
NCI Building Systems, Inc. today announced that Norman C. Chambers, Chairman and Chief Executive Officer, will attend and present at the D.A. Davidson's 15th Annual Engineering& Construction Conference in San Francisco, CA on September 8, 2016 at 11:00 am Pacific time. A link to the webcast and a copy of the presentation will be available under the "Investors" section of the Company's website."/>
NCI Building Systems to Attend Two Investor Conferences
Power Solutions International, Inc. in the U.S. District Court for the Northern District of Illinois. The complaint is brought on behalf of all purchasers of Power Solutions securities between May 8, 2015 and August 15, 2016, for alleged violations of the Securities Exchange Act of 1934 by Power Solutions' officers and directors."/>
Robbins Arroyo LLP: Power Solutions International, Inc. (PSIX) Misled Shareholders According to a Recently Filed Class Action
Argan, Inc. today announced financial results for its second quarter ended July 31, 2016. Please read the Company’ s Quarterly Report on Form 10- Q, which the Company expects to file tomorrow with the U.S. Securities and Exchange Commission, which can be retrieved from the SEC's website at www.sec.gov or from the Company's website at www.arganinc.com."/>
Argan, Inc. Reports Record Second Quarter Results
Ability, Inc., a leading provider of innovative tactical communications intelligence solutions, today announced that Meir Moshe, CPA, a seasoned and accomplished financial executive with deep experience in the high-tech industry, has been appointed to Ability's Board of Directors, effective immediately. Moshe has more than 30 years of executive-level financial experience including the direct management of global..."/>
Ability Names Seasoned Financial Executive, Meir Moshe, to Board of Directors

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