Industry News

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 compliance with..."/>
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 14th 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
US$54+ million of equipment sold at Fort Worth, TX auction
Lindsay Corporation, a leading provider of irrigation systems and infrastructure products, announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.29 per share, payable November 30, 2016, to shareholders of record on November 16, 2016.. Lindsay manufactures and markets irrigation equipment primarily used in agricultural markets which increase or stabilize crop production while conserving water, energy, and labor."/>
Lindsay Corporation Announces Quarterly Cash Dividend
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]
Air Canada invites the media to attend a press conference in Montreal for a major announcement concerning air service to China."/>
/R E P E A T -- Media Advisory - Air Canada to Make Major Montreal Announcement/
Covanta Holding Corporation reported on Thursday that its board of directors authorised a quarterly cash dividend of USD0.25 per share. Stockholders of record as of the close of business on 3 October 2016 will receive the dividend payment on 7 October 2016.. A provider of sustainable waste and energy solutions through its subsidiaries in the US and Canada, Covanta has a network of treatment and recycling facilities."/>
Covanta announces dividend of USD0.25 per share for quarter
L&T Technology Services Ltd debuted at a 4.7% premium on the stock market on Friday, after the issue was subscribed 2.52 times earlier this month. L&T Technology Services's initial public offering bucks the trend among Larsen and Toubro Ltd's subsidiaries, as two of the company's units made a weak debut on the bourses. In July this year, L&T Infotech Ltd shares listed at a 1.74% discount to their issue price, while L&T Finance Holdings Ltd fell 3.94% when it..."/>
L&T Technology Services makes stock market debut at 4.7% premium [Mint, New Delhi]
Mitsubishi Heavy Industries, Ltd. has received an order from Yurikamome Inc. for 48 carriages to be adopted on its automated guideway transit system, the "Yurikamome Line," in Tokyo. The carriages on order will replace the long-serving "7200 Series" cars. Deliveries are scheduled to commence in June 2018 and will be completed in June 2020. Since fiscal 2013 MHI has supplied a total of 108 carriages in the "7300 Series" to Yurikamome as replacements for earlier..."/>
MHI Receives Order for 48 Carriages for Yurikamome Automated Guideway Transit System in Tokyo
Mitsubishi Heavy Industries Compressor Corporation, a Hiroshima-based Group company of Mitsubishi Heavy Industries, Ltd., and Mitsubishi Corporation, held an opening ceremony at its Head Office in Piracicaba, in Sao Paulo state, to mark the launch of full-scale operations. Plans call for MCO-B to develop the Latin American market for compressors, with a focus on..."/>
MCO-B, a Brazilian Subsidiary of Mitsubishi Heavy Industries Compressor Corp., Holds Opening Ceremony Marking Start of Full-scale Operations
Titagarh Wagons Ltd depend on the railways for a substantial part of their business and are saying they are getting sporadic orders from the national carrier. "The rolling stock division of the company faces tough challenge due to irregular ordering by the Indian Railways," said Texmaco in its June quarter..."/>
Long haul for rolling stock firms [Mint, New Delhi]
Huntington Ingalls Industries."/>
Huntington Ingalls scholarship fund pays dividends [Daily Press (Newport News, Va.)]
Caterpillar Inc., the world's largest manufacturer of generator sets, on Wednesday unveiled a new series of portable power units that extends the company's reach for the first time in that sector from industrial applications into the consumer marketplace. Far from the diesel-fueled Caterpillar behemoths that serve as backup power sources on an institutional scale, the newly introduced..."/>
Caterpillar wades into consumer power market with portable generators [Journal Star, Peoria, Ill.]
FedEx. The job openings have companies competing for temporary workers during a period of relatively low unemployment; one company specializing in e-commerce announced in mid-July it was hiring for up to 3,000 openings in November and December. But the hiring surge at hubs, warehouses and distribution centers isn't expected to put much..."/>
Low unemployment could make filling 12,000 holiday jobs difficult [The Commercial Appeal, Memphis, Tenn.]
FedEx is looking at unmanned systems in five areas, but company chief Frederick W. Smith doesn't see driverless vans and pilotless planes in the near future. Smith told analysts Tuesday that FedEx has under way five "workstreams" in unmanned or automated transportation systems, all aimed at making jobs easier and safer for professional drivers and pilots. Hub City Insider has more."/>
BRIEF: FedEx working on five robot systems for vehicles, planes, chief says [The Commercial Appeal, Memphis, Tenn.]

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