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AERO/DEF

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Kongsberg strengthens its defence business

Friday, 8 Sep 2017

Sept 8 (Reuters) - KONGSBERG GRUPPEN ASA ::KONGSBERG STRENGTHENS ITS DEFENCE BUSINESS.‍NEW BUSINESS AREA WILL BE OPERATIONAL FROM OCTOBER 1ST 2017.​.‍GROUP MERGES ITS TWO DEFENCE AREAS​.‍NEW BUSINESS AREA, KONGSBERG DEFENCE & AEROSPACE, WILL FURTHER STRENGTHEN ITS POSITION IN A GROWING DEFENCE MARKET.​.MERGER EXPECTED TO GIVE TOTAL ANNUAL COST REDUCTIONS OF APPROXIMATELY NOK 100 MILLION FROM 2018.​.

Triumph to buy Kanagawa-based sale agent firm via stock swap

Tuesday, 23 May 2017

May 23 (Reuters) - Triumph Co Ltd <3651.T> ::* Says it plans to fully acquire a Kanagawa-based firm which is mainly engaged in sale agent business and license related business, via stock swap.* One share of Kanagawa-based firm's stock will be exchanged with 35.7 shares of co's stock.* 12,500 shares of co's stock will be exchanged.* stock swap will be effective on June 9.

Qinetiq Group says Q3 underlying trading in-line

Wednesday, 15 Feb 2017

Qinetiq Group Plc : Underlying trading for group was as expected during Q3 . Overall, board's expectations for group performance in current financial year remain unchanged . In EMEA services, revenue under contract for this financial year is similar to same time last year .Division's performance as a whole is expected to remain steady this year.

Jiangxi Hongdu Aviation Industry to dissolve import and export unit

Friday, 26 Aug 2016

Jiangxi Hongdu Aviation Industry Co., Ltd.<600316.SS>:Says it will dissolve its Jiangxi-based import and export unit to improve operating efficiency.

Avtech: fixed costs fall about 40% on concluded reduction program

Friday, 12 Aug 2016

Avtech Sweden Publ AB : Previously announced cost reduction program is concluded according to plan, resulting in reduction of company's fixed costs by about 40 pct .Company's fixed costs are now about 850,000 Swedish crowns ($100,000)/month.

JAMCO to dissolve and liquidate unit

Monday, 11 Apr 2016

JAMCO CORP:Says to dissolve and liquidate a wholly owned Tokyo-based subsidiary that engaged in development of aircraft and aircraft equipment.Says dissolution date March 21.Says planned to complete liquidation in late June.

Carbures Europe SA updates on reorganization process

Wednesday, 30 Mar 2016

Carbures Europe SA:Said it would organize the core activity of the company around three main divisions: Aerospace and Defense (center located in Spain), Mobility (Germany) and Civil Work (Mexico), with the group's decision center in Madrid.Said it would divest all the activities which were not core business of the company.Recently the company has sold several non-operating companies based in Mexico: Artec Asistencia y Recursos Tecnicos Especializados, GR Servicios de Personal Industria, Valba Internacional de Proyectos and TP4U.Under the restructuring process some companies of the group based in the United States were liquidated.The restructuring process will continue in 2016.

Lockheed Martin Completes Integration of Energy Portfolio

Tuesday, 15 Mar 2016

Lockheed Martin:Says has combined its energy products and technologies into a single commercial line of business to be known as Lockheed Martin Energy.

Avtech Sweden announces new business plan

Tuesday, 24 Nov 2015

Avtech Sweden publ AB:Announces new business plan.To focus on Aventus NowCast business area until it reaches profitability.To prepare launch of partly new and innovative focus areas.To introduce cost adjustment program involving costs reduction of about 35 pct.Believes will achieve profitability in 2016.

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