Key Developments For Raven Industries Inc
Raven Industries Inc (RAVN.O) (Nasdaq)
Raven Industries, Inc. And SST Software Announce New Relationship
Raven Industries, Inc. and SST Software, Inc. (SST) announced that companies would build on their strategic alliance, with Raven buying a minority ownership position in SST. Financial terms were not disclosed.
Raven Industries, Inc. To Buy Assets of Ranchview, Inc.
Raven Industries, Inc. announced that the Company has entered into a purchase agreement to buy substantially all of the assets of Ranchview, Inc., a privately held Canadian corporation. Financial terms were not disclosed. The transaction is expected to close within seven days.
Raven Industries, Inc.'s Aerostar Subsidiary Announces Initial Delivery Orders Under Five-Year Parachute Contract
Aerostar International, Inc., a wholly owned subsidiary of Raven Industries, Inc. announced that it has been awarded $12.2 million under a five-year, IDIQ (indefinite delivery indefinite quantity) contract for the production of US Army T-11 personnel parachutes. The parachutes under this first order are expected to ship during the fiscal year beginning February 2010. The contract is expected to have annual releases that will continue through 2014.
Raven Industries, Inc. Announces Cash Dividend
Raven Industries, Inc. announced that its Board of Directors have approved the regular quarterly cash dividend of $0.14 per share, payable October 15, 2009, to shareholders of record on September 25, 2009.
Raven Industries, Inc. Comments on Q4 2010 Profit Outlook
Raven Industries, Inc. announced that it expects fourth quarter 2010 net income to flatten out when compared to earnings performance in fiscal 2009. The Company reported net profit of $4.69 million in the fourth quarter of 2009. According to Reuters Estimates, analysts on an average are expecting the Company to report net profit of $5.29 million for the fourth quarter of 2010.
