Industry News

UQM Technologies, maker of electronic vehicular propulsion systems, has sold a controlling interest in the company to a Hong Kong firm, Hybrid Kinetic Group. HKG, which develops and manufactures batteries and hybrid and electric vehicles, will buy 66.5 million shares of newly issued stock at 72 cents per share, generating $48 million. The purchased shares represent a majority 58 percent of stock."/>
Longmont's UQM sells majority share to Hong Kong firm [Daily Camera, Boulder, Colo.]
Northrop Grumman Corp. Thursday celebrated subcontracting $1 billion in work since winning the Joint National Integration Center research and development contract in late 2005 to provide information technology, war gaming and simulation services to the Missile Defense Agency. The Virginia-based defense giant and its 28 subcontractors employs more than 1,500 to complete the work, which protects the nation from ballistic missile attacks, said Dan Verwiel, vice..."/>
Northrop, Boecore celebrate $1 billion milestone [The Gazette (Colorado Springs, Colo.)]
East Bay Times Michelle Quinn column [East Bay Times]
WesternOne Inc. announced today that pursuant to Section 4.3 of the trust indenture dated as of February 26, 2010 between WesternOne and Computershare Trust Company of Canada, as trustee, as amended and supplemented pursuant to the supplemental indentures dated June 1, 2011, December 31, 2012 and March 28, 2013, all of the 8% Extendible Convertible Unsecured..."/>
WesternOne Inc. to Redeem Outstanding 8% Extendible Convertible Unsecured Subordinated Debentures and Extends Senior Credit Facility
Avcorp Industries Inc.' s most recent acquisition), is pleased to announce that it has reached a Collective Bargaining Agreement with the Glass Molders and Plastics Union Local 19 for a six year labor contract. The new agreement calls for wage increases of 1%, 2.25%, 2.25% and 2.75% in the first four years of the contract. Wage adjustments in year five and six will be reviewed by..."/>
Avcorp Composite Fabrication Inc. and Union Reach Long Term Collective Agreement
Bombardier is pleased to confirm that it has closed the previously announced $1 billion US investment by the Government of Quebec in a newly created limited partnership, the C Series Aircraft Limited Partnership to which the assets, liabilities and obligations of the C Series aircraft program were transferred. The disbursement of the first $500 million US installment of the investment occurred on June 30, 2016, and the disbursement of the second..."/>
Bombardier Closes the Government of Quebec's Investment in the C Series Aircraft Limited Partnership
Huntington Ingalls Industries’ Ingalls Shipbuilding division has been selected to build the U.S. Navy’ s next large-deck amphibious assault warship, LHA 8. Today’ s contract value, for the planning, advanced engineering and procurement of long-lead material, is $272,467,161. The award includes options that, if exercised, would bring the cumulative value of the contract to $3.1 billion.."/>
PHOTO RELEASE--Ingalls Shipbuilding Awarded Contract To Build Newest Amphibious Assault Ship, LHA 8
Northern Power Systems Corp.,, a next generation renewable energy technology company, today announces a further update to its news release dated March 28, 2016, announcing a delay in the filing of its annual report on form 10- K for the year ended December 31, 2015 as well as the related officer certifications for the year ended December 31, 2015. In connection with the delay in the Annual Filings, the Ontario Securities Commission, the Company's..."/>
Northern Power Systems Provides Update Regarding Filing of Disclosure Documents
Northern Power Systems Corp.,, a next generation renewable energy technology company, today announces a further update to its news release dated March 28, 2016, announcing a delay in the filing of its annual report on form 10- K for the year ended December 31, 2015 as well as the related officer certifications for the year ended December 31, 2015. In connection with the delay in the Annual Filings, the Ontario Securities Commission, the Company's..."/>
Northern Power Systems Provides Update Regarding Filing of Disclosure Documents
Allegion, plc, a leading global security products and solutions provider, has completed, through one of its subsidiaries, the previously announced acquisition of Trelock GmbH and related companies. Trelock is a portable safety and security provider headquartered in Münster, Germany, producing branded bicycle locks, lights and electronic control units. With roots dating back to 1854, Trelock is a leader in the German bicycle market with a strong footprint throughout..."/>
Allegion Finalizes Acquisition of Trelock
Trimac Transportation Ltd. today announced that its privatization transaction, which was approved by Trimac's shareholders on June 28, 2016 and the Court of Queen's Bench of Alberta on June 29, 2016, has been completed. As a result, Trimac anticipates that its shares will be delisted from The Toronto Stock Exchange at the close of business on or about July 6, 2016. Pursuant to the transaction, all of the outstanding Trimac shares other than those owned..."/>
Trimac Completes Privatization
General Dynamics NASSCO, a subsidiary of General Dynamics, has been awarded a contract by the U.S. Navy for the detailed design and construction of the next generation of fleet oilers, the John Lewis class, previously known as the TAO. This contract is for the construction of six ships."/>
General Dynamics NASSCO Awarded Contract to Build Next Generation of U.S. Navy Fleet Oilers
Bombardier is pleased to confirm that it has closed the previously announced $1 billion US investment by the Government of Quebec in a newly created limited partnership, the C Series Aircraft Limited Partnership to which the assets, liabilities and obligations of the C Series aircraft program were transferred. The disbursement of the first $500 million US installment of the investment occurred on June 30, 2016, and the disbursement of the second..."/>
Bombardier Closes the Government of Quebec's Investment in the C Series Aircraft Limited Partnership
Hertz Global Holdings, Inc. is receiving proceeds of approximately $2 billion from the previously announced separation of its equipment rental business into a separate, publicly traded company. The transaction was completed at 5 p.m. Following today's transaction and the related 5- for-1 spin distribution, Hertz Global expects to begin trading on July 1, 2016, with approximately 85 million common shares issued and outstanding."/>
Hertz Global Holdings Receives $2 Billion Proceeds From Separation of Equipment Rental Business
Eguana Technologies Inc. is pleased to announce that it has closed an offering of 27,272,728 common shares in the capital of the corporation for aggregate gross proceeds of $6,000,000. The Common Shares were issued pursuant to a short form prospectus dated June 27, 2016."/>
Eguana Announces Closing of $6.0 Million Offering
Allegion, plc, a leading global security products and solutions provider, will release its 2016 second-quarter financial results on Thursday, July 28, 2016, before the market opens. Later that morning, David D. Petratis, chairman, president and CEO, and Patrick Shannon, senior vice president and chief financial officer, will conduct a conference call for analysts and investors, beginning at 8:30 a.m. ET, to review the company's results."/>
Allegion Schedules Conference Call, Webcast to Announce 2016 Second-Quarter Results
Luxfer Holdings PLC, a global materials technology company, today announced that its Board of Directors declared an interim dividend of 12.5 cents per American Depositary Share. The dividend will be payable on August 3, 2016, to shareholders of record at close of business on July 15, 2016.. Payment of dividends: All holders of NYSE-listed American Depositary Shares will be paid in U.S. dollars through the Depositary Bank, Bank of New York Mellon, net of its fees."/>
Luxfer Declares Quarterly Dividend

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