Industry News

El Al Israel Airlines Ltd. will start holding flight ticket auctions on its website and the site of its low-cost brand Up. This capability was developed by the Israeli startup BidFlyer, whose system enables online bidding for vacant flight seats. The potential is huge: according to the International Air Transportation Association, the average plane occupancy rate worldwide is 79.7%, leaving over 20% of tickets unsold."/>
BidFlyer teams with El Al to auction unbooked seats [Globes, Tel Aviv, Israel]
JSW Energy: The making of a powerhouse [Mint, New Delhi]
Taser by an Independence police officer has filed a federal suit against the manufacturer and the department. The suit filed in U.S. District Court in Kansas City says Taser International marketed a "defective, unreasonably dangerous" product and misled their customers about the safety risks involved in its use."/>
Teen who nearly died files suit against Taser and Independence police [The Kansas City Star]
Cervus Equipment Corporation today announced its intention to seek a long term sale and leaseback of approximately $50 to $60 million of real estate currently owned by the Company. "While the majority of our dealerships are already located in leased premises, there is an opportunity to work with a long term landlord specializing in commercial real estate to capitalize on the value of our dynamic real estate portfolio," said Randy Muth, Chief Financial..."/>
Cervus Announces Intention to Sell and Lease Back Real Estate Portfolio
Spirit AeroSystems' Chanute operations, expanding on its June announcement to establish an aerospace manufacturing facility in Chanute, Kan. As part of the agreement, Spirit's Chanute statement of work will transition under the new company name Orizon Aerostructures– Chanute, Inc. Current Spirit employees in Chanute will transfer to Orizon as part of the..."/>
Orizon Aersostructures Announces Intent to Purchase Spirit AeroSystems' Chanute Operations
TASER International and the global leader in digital evidence management solutions with the leading body-worn camera, today announced the purchase of 720 Axon Body 2 cameras and 100 Axon Flex cameras by the Northern Territory Police in Australia. The police service secured a three-year subscription to the Axon cloud solution, Evidence.com, to help store, manage and..."/>
Northern Territory Police Deploys 820 Axon Body Cameras on Evidence.com in Australia
Discovery Air Defence Services Inc., a wholly owned subsidiary of Discovery Air Inc., recently participated in Exercise CUTLASS FURY 16, a multinational anti-submarine warfare exercise led by the Royal Canadian Navy. DA Defence's fleet of Alpha Jets and Westwind special mission aircraft join Canadian and allied ships and aircraft conducting ASW training off the coast of Nova Scotia and Newfoundland. As a highly-experienced combat support..."/>
Discovery Air Defence Participates in Exercise CUTLASS FURY 16 over the Atlantic
Toshiba, Wyndham Hotel Group, CSX, Rheem and Estee Lauder."/>
BRIEF: OpenSesame, Portland online learning company, raises another $9 million [The Oregonian, Portland, Ore.]
United Technologies Corp. signed an agreement for Hanwha Techwin Co. to acquire a 30 percent stake in P&W NGPF Manufacturing Co. Singapore, which Pratt& Whitney opened in February. The agreement allows for Hanwha to..."/>
Pratt & Whitney, South Korean Manufacturer Enter Into Agreement [The Hartford Courant]
Jason Industries, Inc. today announced that its Board of Directors has declared a quarterly cash dividend payment on the Company's 8.0% Series A Convertible Perpetual Preferred Stock.. The dividend on the Series A Preferred Stock will be payable on October 1, 2016, to holders of record at the close of business on August 15, 2016. The quarterly payment will be $20.00 per share."/>
Jason Industries, Inc. Announces Dividend on Preferred Stock
General Dynamics NASSCO delivered the fourth vessel in a series of five ECO Class product tankers under contract with American Petroleum Tankers. The Bay State was delivered during a special signing ceremony at the NASSCO shipyard in San Diego, CA. The Bay State is a 610- foot-long, 50,000 deadweight-ton, LNG-conversion-ready product tanker with a 330,000 barrel cargo capacity."/>
General Dynamics NASSCO Delivers Fourth ECO Class Product Carrier to American Petroleum Tankers
Armstrong World Industries, Inc. and Worthington Industries, Inc., joint venture partners in Worthington Armstrong Venture, today announced Rose Mary Clyburn as WAVE's president& CEO. Clyburn succeeds Charlie Chiappone who was recently named senior vice president at Armstrong World Industries. "Rose Mary is a proven leader having successfully led H.B."/>
Armstrong and Worthington Announce New WAVE President
Quest Resource Holding Corporation, a leader in sustainability, recycling, and environmental and resource management, today announced the appointment of Sarah R. Tomolonius to the Quest Board of Directors. Tomolonius has extensive experience as a sustainability, marketing, and finance professional. Tomolonius has served as Vice President, Marketing and Investor Relations for Arlon Group, a food and agriculture investment firm, since December 2012,..."/>
Quest Resource Names Sustainability and Investor Relations Professional Sarah R. Tomolonius to Board of Directors
Fortive Corporation announced today that it will webcast its earnings conference call for the third quarter 2016 on Thursday, October 27, 2016 beginning at 5:30 p.m. ET and lasting approximately 1 hour. The call and an accompanying slide presentation will be webcast on the "Investors" section of Fortive's website, www.fortive.com, under "Events& Presentations." A replay of the webcast will be available at the same location shortly after the..."/>
Fortive Schedules Third Quarter 2016 Earnings Conference Call
Essendant Inc. announced plans to report third quarter 2016 results on Wednesday, October 26, 2016, after close of market. In connection with the earnings release, Essendant will host a conference call the following morning on Thursday, October 27, 2016, beginning at 7:30 a.m. Central Time. The press release containing the full text of the earnings announcement and accompanying financial tables, along with a financial slide..."/>
Essendant To Report Third Quarter 2016 Results
Mercury Systems, Inc., announced it received $11.7 million in follow-on orders from a leading defense prime contractor to provide radar subsystems and related digital processing technologies for a missile defense application. The orders were booked in the Company’ s fiscal 2017 first quarter and are expected to be shipped over the next several quarters. “For years Mercury’ s best-of-breed technologies and rapid deployment have helped drive..."/>
Mercury Systems Receives $11.7M in Orders for Radar Subsystems for Missile Defense Application
Cintas Corporation today reported results for its first quarter of fiscal year 2017 which ended August 31, 2016.. Revenue for the first quarter was $1.29 billion, an increase of 7.9% over the prior year period. Organic growth, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 5.7%."/>
Cintas Corporation Announces Fiscal 2017 First Quarter Results

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