Industry News

Mitsubishi Heavy Industries, Ltd. established two new Group companies in the Nagasaki district to perform business related to shipbuilding, part of an initiative targeting structural reform of the Company's commercial ship operations. Subsequently the environment surrounding the shipbuilding industry has undergone dramatic changes on global scale, to the extent that today MHI recognizes the need to undertake swift and progressive..."/>
MHI to Launch Discussions toward Forming Alliances with Three Domestic Shipbuilders
Boston Herald The Ticker column [Boston Herald]
Pointer Telocation Systems Ltd. has acquired a fleet services management company in Southern Brazil. Pointer will pay $6.5 million in cash for Cielo Telecom, which manages fleet customers covering 16,000 trucks. Cielo, founded in 1994, has a strong presence in the Brazilian truck sector."/>
Pointer buys Brazilian fleet management co for $6.5m [Globes, Tel Aviv, Israel]
SolarCity to install panels with a total generating capacity of 21 megawatts of electricity at four locations: closed landfills in Woodstock and Parkton, and unused portions of Mount Vista Park in Kingsville and the Southwest Area Regional Park..."/>
Baltimore County announces plan to install solar fields at four sites [The Baltimore Sun]
Elbit Systems of America said they'd invested almost $2 million in a running project that involves many partners in the state. The project used a Research N.D. grant of $350,000, which Elbit more than..."/>
VIDEO: Elbit speaks at historic UAS event [Agweek Magazine]
Honeywell has closed the acquisition of Mason, Ohio-based supply chain and warehouse automation provider Intelligrated for USD 1.5 bn from a company backed by the Permira, the company said. The purchase price translates to approximately 12 times Intelligrated's estimated 2016 earnings before interest, taxes, depreciation and amortisation. The company's 2016 sales are estimated to be approximately USD 900 m."/>
Honeywell Closes USD 1.5bn Acquisition of Warehouse Automation Specialist Intelligrated
Comstock Holding Companies, Inc. has closed the acquisition of the Totten Mews Project in Washington, DC, the company said."/>
M and A Navigator: Deal pipeline –30 August
Cubic Corp. has been awarded a five year, $80 million contract to support aviation training for U.S. Navy and Marine Corps pilots and aircrews. The company said Monday that its defense business arm, will provide operations and maintenance support for F/A-18 and EA-18G aviation training devices and simulators at Naval Air Station Oceana in Virginia, Marine Corps Air Station Miramar in San Diego, Naval Air Station Lemoore near Fresno, Naval Air Station Whidbey..."/>
Cubic nets $80 million pilot training contract [The San Diego Union-Tribune]
Bunzl plc has completed two further acquisitions in Canada and has entered into an agreement to acquire a business in Hungary, the group said on Tuesday. The group acquired Plus II Sanitation Supplies Inc, which is based in Montreal. Plus II Sanitation Supplies is principally engaged in the supply of a broad range of cleaning and hygiene related products to distributors serving the janitorial, foodservice and..."/>
UK Distribution, Outsourcing Group Bunzl Closes Acquisitions in Canada, Hungary
Honeywell Aerospace and United Auto Workers Local 9 have agreed to meet during the week of Sept. 12 to resume negotiations over a new five-year contract for union employees at the company's South Bend plant. The last negotiation session was on June 8, but the parties failed to reach an agreement. In a statement, Honeywell said the union only recently requested to resume negotiations."/>
Honeywell, UAW to resume contract talks [South Bend Tribune, Ind.]
Nordson EFD, a Nordson company, the world’ s leading precision fluid dispensing systems manufacturer, announces the launch of its new 781 Mini™ Series Low Volume, Low Pressure spray valve featuring an improved design for smaller, more uniform spray patterns and dispensing capabilities in complex, tighter spaces. This Smart News Release..."/>
New Nordson EFD 781Mini Spray Valve Delivers Exceptionally Uniform Spray Control in 60% Smaller Form Factor
SolarCity was one of the nation's hottest growth companies. The company, which plans to open the biggest solar panel factory in North America next year in South Buffalo, still is the nation's leading installer of residential rooftop solar energy systems, with a commanding market share equal to that of its 50 biggest competitors combined. But SolarCity, over the past year, has stumbled, with its growth slowing to more pedestrian levels, its losses swelling and..."/>
Regulatory headwinds slow SolarCity's growth [The Buffalo News, N.Y.]
BluMetric Environmental Inc., an Ottawa-based cleantech company, announces the following unaudited results for its third quarter, ended June 30, 2016.. Revenues in the quarter were $8.4 million with net income of $371,000, or $0.01 per share fully diluted. Gross margins were slightly lower in the quarter versus the same quarter in the prior year."/>
BluMetric Announces Third Quarter Fiscal 2016 Results
Rand Logistics, Inc., a leading provider of bulk freight shipping services throughout the Great Lakes Region, announced that it has completed agreements with its lenders to amend its credit agreements and waive certain events of defaults.. Pursuant to the Amendment and Waiver Agreements, among other things, the Company loosened its senior and total debt financial covenants. Additional summary information has been provided in Rand’ s Quarterly..."/>
Rand Logistics Announces Agreements With Lenders to Amend Loan Covenants and Waive Defaults and Compliance With Nasdaq Listing Standards

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