Industry News

Twin Disc, Inc., today announced that its Board of Directors has appointed David W. Johnson,, to the Company’ s Board of Directors effective July 29, 2016.. “David’ s financial and business knowledge will be a tremendous asset to Twin Disc’ s Board of Directors,” stated David B. Rayburn, Chairman of the Board.“ David brings a significant amount of experience working in the personal marine and watercraft industry and managing global financial activities."/>
Twin Disc, Inc. Appoints David W. Johnson to Board of Directors
Kforce Inc., a provider of professional staffing services and solutions, today announced results for its second quarter of 2016."/>
Kforce Reports Second Quarter Revenues of $335.0 Million
Matson, Inc., a leading U.S. carrier in the Pacific, today reported net income of $18.0 million, or $0.42 per diluted share for the quarter ended June 30, 2016. Net income for the quarter ended June 30, 2015 was $9.9 million, or $0.23 per diluted share. The Company's second quarter 2015 results were negatively impacted by $13.5 million of additional selling, general and administrative expenses related to the Company's acquisition of Horizon Lines,..."/>
Matson, Inc. Announces Second Quarter EPS Of $0.42; Affirms 2016 Outlook
McGrath RentCorp, a diversified business-to-business rental company, today announced total revenues for the quarter ended June 30, 2016 of $103.1 million, an increase of 7%, compared to $96.0 million in the second quarter of 2015. The Company reported net income of $9.1 million, or $0.38 per diluted share for the second quarter of 2016, compared to net income of $8.5..."/>
McGrath RentCorp Announces Results for Second Quarter 2016
Mercury Fourth Quarter Highlights include:. Revenue, GAAP EPS, adjusted EPS and adjusted EBITDA all exceed estimates Organic book-to-bill ratio of 1.1 yields record backlog of $225 million Total Company book-to-bill ratio of over 1.2 yields total backlog of $288 million Total Company revenue increases 33% over prior year, including a 7% organic increase Completed acquisition of the embedded security, RF and microwave, and custom microelectronics businesses from..."/>
Mercury Systems Reports Fourth Quarter and Fiscal 2016 Results
Elbit Systems Ltd., sources inform "Globes." The decision to begin negotiations was taken by a narrow majority of 3-2. The three votes in favor were by Government Companies Authority director general Ori Yogev, his deputy, and..."/>
Treasury to halt IMI sale talks with Elbit [Globes, Tel Aviv, Israel]
Wipro Infrastructure Engineering, a unit of Wipro Enterprises Ltd., for NIS 300 million. FIMI bought Givon in 2008 for NIS 70 million. Givon develops, produces and sells precision components for the aviation industry, mainly titanium products."/>
FIMI sells aviation products co Givon to India's Wipro [Globes, Tel Aviv, Israel]
Kennametal, the Pittsburgh-based industrial tool maker that Monday reported a loss for the second consecutive year, is cutting 1,000 jobs, or about 8 percent of its global workforce as part of a broad restructuring program. The jobs cuts include layoffs and a voluntary separation program. Kennametal, which has been hit hard by declines in oil and gas markets, said sales for the fiscal year ended June 30 fell 19 percent to $2.1 billion, from $2.6 billion in 2015.."/>
BRIEF: Kennametal to slash 1,000 jobs [Pittsburgh Post-Gazette]
General Dynamics NASSCO– Norfolk was awarded the Mid-Atlantic CVN private sector maintenance contract by the U.S. Navy to perform non-nuclear planning and maintenance work during six Chief of Naval Operations availabilities on four Nimitz-class aircraft carriers and one Gerald R. Ford-class carrier, home-ported in or visiting Norfolk, Virginia. The five-year cost-plus-award-fee and incentive fee contract also includes the ability to..."/>
General Dynamics NASSCO-Norfolk Awarded CVN Maintenance Contract
Daily Mail, London, market report column [Daily Mail, London]
United Technologies Corp.. Developed by Golden New City Group, a major real estate group in Zhangjiagang, the projects feature 85 Otis elevators, including 81 energy-efficient Otis Gen2 ® elevators and four Otis..."/>
Otis Elevators Selected for Upscale Residential Projects in Zhangjiagang
SolarCity Corporation in connection with the proposed acquisition of the Company by Tesla Motors Inc.. On August 1, 2016, Tesla announced that it had reached a definitive agreement to acquire all outstanding shares of SCTY in a transaction valued at approximately $2.6 billion. Under the terms of the agreement, SCTY..."/>
SolarCity Corporation Acquisition May Not Be in the Best Interests of SCTY Shareholders
Emerson Declares Dividend
Lockheed Martin's Miniature Hit-to-Kill interceptor was successfully launched in an engineering demonstration at White Sands Missile Range, New Mexico. The demonstration on Friday, July 29, was part of the U.S. Army's Aviation and Missile Research Development and Engineering Center's Extended Area Protection and Survivability program."/>
Lockheed Martin's Mighty Mini-Missile Successfully Completes Second Flight Test
Spirit AeroSystems. Liberty Hall Capital Partners did not disclose financial terms of the acquisition in a news release Tuesday. ZTM, founded in 1989 and owned by Brad Julius, is a Tier II supplier of large, complex metallic parts and assemblies."/>
BRIEF: Private equity firm acquires Wichita aircraft supplier ZTM [The Wichita Eagle]
Rockwell Collins has declared a quarterly dividend of 33 cents per share on its common stock, payable Sept. 6, 2016, to shareholders of record at the close of business on Aug. 15, 2016.. Rockwell Collins is a pioneer in the development and deployment of innovative aviation and high-integrity solutions for both commercial and government applications. Our expertise in flight deck avionics, cabin electronics, mission communications,..."/>
Rockwell Collins declares regular quarterly dividend
Cubic Transportation Systems’ success in London and Chicago lays foundation for modernization initiative. SAN DIEGO---- Cubic Transportation Systems, a business unit of Cubic Corporation, today announced it was awarded a $33 million contract from the Miami-Dade County’ s Department of Transportation and Public Works to modernize the Cubic-supplied EASY Card revenue management system and provide 10 years of back office cloud computing and support services."/>
Cubic Awarded $33 Million to Take Miami Transit’s EASY Card System to the Cloud, Enabling Mobile and Open Payment
Home Depot and Wal-Mart in Cockeysville, in an unassuming collection of industrial buildings off York Road, Textron Systems assembles the Shadow unmanned aerial vehicle. Commonly called a drone, the Shadow recently logged its 1 millionth flight hour, a milestone the company celebrated with a party last week for its employees. Nearly 85 percent of those hours came during combat operations with the company's U.S. and international military clients, primarily in..."/>
Textron Systems eyes commercial growth for drones it makes in Cockeysville [The Baltimore Sun]

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