Industry News

Textron Systems notified 45 employees of the decision on Thursday, spokesman Matthew Colpitts wrote in an email. He attributed the move to a "change in the mix of work," saying the cuts were necessary to maintain profitable growth in the business."/>
BRIEF: Textron confirms 45 layoffs in Baltimore County facility [The Baltimore Sun]
Hill International, the global leader in managing construction risk, announced today that it has received two contracts from Blackstone to manage major renovation projects in Germany and Turkey.. Hill was retained by Blackstone to manage the restoration of Messeturm Tower in Frankfurt, Germany. Messeturm Tower is a 63- story, 62,300- square-meter commercial office tower, the second tallest building in..."/>
Hill International Managing Two Major Renovation Projects for Blackstone
Honeywell Aerospace said it will resume contract negotiations with the locked-out United Auto Workers Local 9 on the week of Oct. 3.. The move comes after the parties met earlier this month and failed to reach an agreement on a new five-year contract. More than 300 UAW workers have been locked out of the South Bend plant since early May, after the union rejected Honeywell's new contract offer and objected to what workers would pay for health care."/>
BRIEF: Honeywell and UAW to resume contract talks in October [South Bend Tribune, Ind.]
Lockheed Martin Corporation board of directors has authorized the purchase of up to an additional $2.0 billion of Lockheed Martin common stock under its share repurchase program. With this increase, the total remaining authorization for future repurchases under the share repurchase program is approximately $4.3 billion. The number of shares purchased and the timing of purchases are at the discretion of management and subject to..."/>
Lockheed Martin Increases Share Repurchase Authority by $2.0 Billion
Lockheed Martin Corporation board of directors has authorized a fourth quarter 2016 dividend of $1.82 per share, representing a 10 percent increase or $0.17 per share over last quarter. The dividend is payable on December 30, 2016 to holders of record as of the close of business on December 1, 2016.. This is the 14 th year in a row that the Corporation has increased its quarterly dividend rate by 10 percent or more."/>
Lockheed Martin Declares Fourth Quarter 2016 Dividend
Morneau Shepell Inc. will announce its 2016 third quarter results on Tuesday, November 8, 2016. Results will be discussed the next day, Wednesday, November 9, 2016 during a conference call with Alan Torrie, President& CEO, and Scott Milligan, Chief Financial Officer, at 1:00 p.m. ET."/>
Morneau Shepell to announce 2016 Third Quarter Results, and to hold conference call on Wednesday, November 9, 2016
SolarCity solar panel factory, IBM's data analytics center in Buffalo and the Albany Molecular Research Inc. drug development venture on the Buffalo Niagara Medical Campus, already have opened or are in advanced stages."/>
What the corruption charges will mean for the Buffalo Billion [The Buffalo News, N.Y.]
ASSYSTEM : ASSYSTEM to acquire 79% of Aerotec Concept
Applied Industrial Technologies has received the 2016 NorthCoast 99 Award for having one of Northeast Ohio’ s best workplaces for top talent. This is the 16 th time Applied ® has been recognized by the Employer’ s Resource Council for building and maintaining a great workplace. This annual award program was founded in 1999 and carefully evaluates organizations based on their ability to attract, retain and motivate top performers.."/>
Applied Industrial Technologies Receives its 16th NorthCoast 99 Award for Best Workplaces
Delta Air Lines, the fastest-growing carrier at Los Angeles International Airport since 2009, continues to deepen its L.A. footprint outside the airport as well. Through a new three-year agreement, Delta is now the official airline partner to The University of California, Los Angeles. The partnership is Delta's first with a West Coast school following a renewed effort, launched last year, to forge alliances with universities across the..."/>
Delta, Growing its L.A. Portfolio, Celebrates 'Official Airline' Partnership with UCLA
Southwest Airlines Co. today announced that the Southwest Airlines Pilots' Association Board of Directors will be presenting the recently-announced contract agreement to Southwest Pilots for a vote. "We value our Pilots and the role they play in our success," said Vice President Flight Operations, Alan Kasher. "The tentative agreement acknowledges their contributions, so I'm pleased that they will have an opportunity to vote on it.""/>
Southwest Airlines Pilots To Vote On New Contract Agreement
General Dynamics Mission Systems featured the Bluefin Robotics hovering-autonomous underwater vehicle at OCEANS 2016 in Monterey, California. The Bluefin Robotics H-AUV locates, identifies and maps structural issues on a ship's hull including large ocean going cargo ships, petroleum and chemical tankers, cruise ships and military surface and sub-surface vessels without dry-docking the ship. "Inspecting ship hulls and other..."/>
General Dynamics Autonomous Underwater Vehicle Detects Threats to Ship Hulls and Structures
WestJet, Hainan Airlines announce code-share
Air Canada today broke ground on a new $90- million aircraft hangar project at Toronto Pearson Airport that will support the airline's ongoing expansion of its Toronto global hub. Once complete, the new Hangar 5 building will cover an area equal to seven professional hockey rinks and accommodate five aircraft at one time."/>
Air Canada Begins Construction on a New Hangar at its Toronto Pearson Global Hub
/C O R R E C T I O N -- China Ceramics Co., Ltd./

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