Industry News

Teledyne Technologies Incorporated announced today that its subsidiary, Teledyne Scientific& Imaging, LLC, was awarded a $30.1 million contract by the United States Air Force to fabricate, test and deliver Aircrew Laser Eye Protection Block 2 spectacles. The initial value of the contract is $6.4 million and $30.1 million including options. Deliveries will commence in the fourth quarter of 2016 and are expected to be complete by December 2020.."/>
Teledyne Awarded $30.1 Million Contract for Aircrew Laser Eye Protection
Textron chief executive Scott Donnelly told investors on the company's earnings call. "We do remain committed to the 525 program and will work to ensure the aircraft..."/>
Textron CEO is committed to develop the Bell Helicopter 525 Relentless after July crash [Fort Worth Star-Telegram]
WestJet proud to support National Music Centre program
Inscape announced today that Matthew Posno, Chief Financial Officer, will be leaving the company on July 22 to pursue other opportunities. As CFO, Matthew led the company's finance and IT functions. " Matthew has played a central role in the establishment of our growth agenda, "said Jim Stelter, Chief Executive Officer.""/>
Inscape Announces Resignation of CFO
Hawaiian Airlines, which is in the midst of ramping up service to Tokyo this year, announced Thursday it plans to add two Boeing 717 s to increase flights during peak times on interisland routes in 2017.. Officials of the state's largest carrier addressed the upcoming expansion on an earnings conference call after the company reported that second-quarter net income soared 62.9 percent from the year-earlier period. "We're obviously extremely pleased with our..."/>
Hawaiian adding 2 planes to interisle fleet [The Honolulu Star-Advertiser]
Bombardier Commercial Aircraft announced today that Bombardier Services Corporation has extended Heavy Maintenance Agreements with SkyWest, Inc. carriers SkyWest Airlines, Inc. and ExpressJet Airlines, Inc. for a further 10 years. The agreements cover the airlines' fleets of CRJ Series regional jets. The two airlines operate a total of 433 CRJ Series aircraft, including 234 CRJ200, 135 CRJ700 and 64 CRJ900 regional jets for Delta Air Lines, United..."/>
SkyWest Airlines and ExpressJet Airlines Extend Heavy Maintenance Agreements Covering Bombardier CRJ Series Regional Jets
Nortek Air Solutions is a vital component in the University of Illinois Electrical and Computer Engineering Building, recently named R&D Magazine’ s 2016 Laboratory of the Year. As the recipient as the Lab of the Year award, ECE was recognized for its status as a teaching and research facility designed to promote..."/>
Nortek Air Solutions’ CLEANPAK Cleanroom System Part of the 2016 Laboratory of the Year at University of Illinois
Textron Aviation in the second quarter of 2016, according to an earnings report released by its parent company, Textron Inc., on Friday. In the second quarter ended June 30, Textron Aviation delivered 45 Cessna Citation jets and 23 Beechcraft King Air turboprops, compared with 36 jets and 30 turboprops in the same quarter a year ago. Revenue at Textron Aviation increased from $1.12 billion to $1.19 billion between..."/>
BRIEF: Textron Aviation delivers more biz jets, fewer turboprops in second quarter [The Wichita Eagle]
Triumph Group Inc authorised a regular quarterly dividend of USD0.04 per share on the company's outstanding common stock, it disclosed on Friday. All shareholders of record as of 1 September 2016 will receive the dividend payment on 15 September 2016.. Triumph designs, engineers, manufactures, repairs and overhauls a broad portfolio of aero-structures, aircraft components, accessories, sub-assemblies and systems and serves a broad, worldwide..."/>
Triumph Group announces dividend of USD0.04 per share for quarter
Commercial Vehicle Group on Wednesday said it will close its plant in Monona, idling more than 100 people. The New Albany, Ohio, company shut down a plant in Edgewood in late May, eliminating about 80 jobs."/>
Monona plant closes, latest in round of Iowa manufacturing job losses [The Gazette, Cedar Rapids, Iowa]
United Bank said Thursday it agreed to acquire a New York City-based investment management firm, a deal that would push the assets in the bank's wealth management business to nearly $20 billion. The acquisition of Gerstein Fisher, with $3 billion in assets under management, is expected to close in the fourth quarter. Financial terms of the transaction weren't disclosed."/>
People's United Bank To Acquire New York Investment Firm [The Hartford Courant]
Deere announces factory workforce adjustments

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