Industry News

Caterpillar reported falling earnings in the most recent quarter and as a result, job losses are expected in the second half of the year, the company said. Caterpillar Inc. reported consolidated sales and revenue of $10.3 billion for the second quarter of 2016, down 16 percent from $12.3 billion in the second quarter of 2015.. The company also announced profit per share of 93 cents for the second quarter of the year, a decrease..."/>
Falling revenue leads to expected job cuts [Dayton Daily News, Ohio]
Lockheed Martin's counter-improvised explosive device system, which provides enhanced capabilities that allow partner nations to combat ever-changing threats. Symphony Block 40 is an open architecture system developed with the latest..."/>
Lockheed Martin's Latest Counter-IED System to Support Partner Nations
BIOREM Inc. today announced its results for the three and six-month periods ended June 30, 2016. Biorem's complete second quarter financial statements and MD&A have been filed on SEDAR. Biorem's revenues for the second quarter were $2.9 million, a 38% decrease over the $4.7 million in revenue recorded in the second quarter of 2015 and $1.2 million below the $4.2 million recorded in the first quarter of 2016."/>
Biorem Reports Second Quarter Results
Lockheed Martin and Korea Aerospace Industries successfully completed the initial test flight of its second T-50A configured aircraft in Sacheon, South Korea. The T-50A is the company's aircraft offering in the U.S. Air Force's Advanced Pilot Training competition."/>
Lockheed Martin's Second T-50A Aircraft for T-X Competition Takes Flight
Allied Minds, and Lockheed Martin are collaborating to apply HawkEye 360' s radio frequency detection and mapping technology in new markets. HawkEye 360 plans to deploy a constellation of small satellites in low-Earth orbit at less than 600 km from the Earth's surface, to identify, locate and analyze RF signals globally. Pending various regulatory approvals of this system and its capabilities,..."/>
Lockheed Martin and HawkEye 360 Collaborating to Bring Space-Based Radio Frequency Mapping and Analytics to New Markets
Power Solutions International, Inc., a leader in the design, engineer and manufacture of emissions-certified, alternative-fuel power systems, today announced that Navistar’ s IC Bus will launch a new, gasoline-fueled school bus powered by the PSI 8.8- liter gasoline engine. IC Bus will present the new CE Series Type C bus at its booth at The North American School Bus Conference& Trade Show in Reno. STN EXPO attendees will be able to test drive the new bus at..."/>
Navistar & Power Solutions International Launch Gasoline-Fueled IC Bus at STN EXPO
Lockheed Martin Enhanced Laser Guided Training Rounds during recent flight evaluations at the Barry M. Goldwater Ranges near Gila Bend, Arizona. These flight evaluations marked the first time an ANG unit has flown the training round and completes the evaluation of ELGTR on their F-16C/D Block 40/ 42 aircraft."/>
Successful Flight Evaluations Mark First Time Lockheed Martin's ELGTR Releases from U.S. Air National Guard F-16
Mandalay Resources Corporation announced today that it has closed its previously announced treasury offering of 33,915,000 common shares of Mandalay at a price of C $1.15 per Common Share for aggregate gross proceeds of C $39,002,250. The Offering was completed on a bought deal basis and was underwritten by BMO Capital Markets. The securities offered have not been..."/>
Mandalay Resources Announces Closing of C$39 Million Treasury Offering of Common Shares
United Rentals, Inc. today announced the launch of a new online service that allows renters to browse, price, reserve and schedule equipment through any internet-enabled device in one seamless experience. The service fully automates the selection, order, confirmation and payment process, and is available to all commercial and consumer renters."/>
United Rentals Launches Fully Automated Online Ordering System for Equipment Rentals in North America
WestJet Airlines Ltd. today announced the appointment of Christopher Burley, as Vice Chair of its Board of Directors, effective immediately. Burley was appointed to the Board in September 2015 and has served as a member of the Audit Committee, the People and Compensation Committee, as well as the Corporate Governance and Nominating Committee. Clive Beddoe, WestJet's Chair of the Board commented, "Chris has brought an enormous amount of director..."/>
Christopher Burley is appointed Vice Chair of WestJet's Board of Directors
WestJet Airlines Ltd. today announced the appointment of Christopher Burley, as Vice Chair of its Board of Directors, effective immediately. Burley was appointed to the Board in September 2015 and has served as a member of the Audit Committee, the People and Compensation Committee, as well as the Corporate Governance and Nominating Committee. Clive Beddoe, WestJet's Chair of the Board commented, "Chris has brought an enormous amount of director..."/>
Christopher Burley is appointed Vice Chair of WestJet's Board of Directors
Energous Corporation, the developer of WattUp ®, a revolutionary wire-free charging technology that provides over-the-air power at a distance, today announced, that it will hold a conference call on Tuesday, August 9 at 1:30 p.m. PT to discuss its financial results for the second quarter ended June 30, 2016.. Interested parties can access the call by dialing 866-235-9911 within the United States or 412-317-1083 from international locations and asking..."/>
Energous Corporation to Host Second Quarter 2016 Financial Results Conference Call on August 9, 2016 at 1:30 P.M. PT
Tetra Tech, Inc. announced today that the U.S. Agency for International Development has awarded the Company a $125 million, single-award contract to provide comprehensive architecture-engineering services to USAID/Afghanistan. Under the five-year Engineering Support Program, Tetra Tech will provide engineering services, construction oversight, and quality assurance assistance to successfully implement USAID’ s infrastructure design and..."/>
USAID Awards Tetra Tech $125 Million Architect-Engineer Services Contract
SSL delivers Intelsat 36 to launch base
TASER International, Inc. today announced that it will report 2016 second quarter financial results after the market close on August 4, 2016. TASER executives, Rick Smith, CEO and co-founder; Luke Larson, president; and Dan Behrendt, CFO will host a conference call and webcast to discuss the Company's financial results at 4:30 p.m. ET that same day. To join the live audio call, please dial 877-303-9126 or +1-253-237-1156."/>
TASER to Release Second Quarter 2016 Earnings on August 4
Tecogen ® Inc., a leading provider of cost efficient, clean and reliable products for power production, heating and cooling which, through patented technology, nearly eliminate criteria pollutants and significantly reduce a customer's carbon footprint, today announced additional project wins from National Mechanical Services. The two new projects bring total relationship value with the expert contractor to in excess of $1.5..."/>
Tecogen Announces Additional Project Wins from National Mechanical Services
Kelso Technologies Inc. reports that the Company has successfully completed initial commercial testing of its new emergency response kit known as the Kelso ERK. This specialized equipment is used by first responders to cap and contain chemical leaks in the field that originate in a HAZMAT rail tank car's valve assembly or its connections located on the top of the tank car. The ERK is specifically designed to be..."/>
New Product - Kelso Technologies Inc. Emergency Reponse Kit
UGE International Ltd., a leader in renewable energy solutions for the commercial and industrial sector, today announces it has been awarded a contract to build a 475 kW rooftop solar project for Philippine Spring Water Resources, Inc., the local manufacturer and distributor of Nature's Spring bottled drinking water. The solar system will be installed at the company's main facility in Mandaue City, Cebu. The UGE-designed solar PV system will..."/>
UGE Secures Contract to Develop Rooftop Solar Project for Nature's Spring Drinking Water
Cintas Corporation today launched the Traffic™ Mat, a new floor mat featuring the highest traction rating ever recorded by the National Floor Safety Institute. This means that the mat’ s high-traction backing has far exceeded minimum requirements set in place by the NFSI. 1 The Traffic Mat is part of Cintas’ s new High Performance Series™, a line of mats that help businesses get READY FOR THE WORKDAY™."/>
New Cintas Traffic™ Mat Certified with Highest Traction Rating in NFSI History
Yahoo for pounds sterling 3.7 bn. Verizon said the deal will create a company with a billion customers and more than 25 brands. It will merge Yahoo with AOL, for which it paid pounds sterling 3.4 bn last year."/>
Daily Mail, London, business briefs column [Daily Mail, London]

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