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Astronics Corp Announces Extension Of Agreement To Acquire PECO Inc.

6:55am EDT

Astronics Corporation announced that it has mutually agreed with PECO Inc. (PECO) to extend the closing date of the acquisition to August 9, 2013, pending completion of customary closing items. Astronics previously announced on May 28 that it had entered into a definitive agreement to acquire the outstanding shares of PECO for approximately $136 million in cash.

Gor'kovskiy zavod apparatury svyazi im A. S. Popova OAO Announces No FY 2012 Dividends; Appoints Auditor-SKRIN

Tuesday, 2 Jul 2013 05:31am EDT

SKRIN reported that Gor'kovskiy zavod apparatury svyazi im A. S. Popova OAO has decided to distribute no dividends for the fiscal year 2012. The Company has also appointed Gruppa Finansy ZAO as its auditor.

Air Industries Group Inc Announces Acquisition

Monday, 1 Jul 2013 03:15pm EDT

Air Industries Group Inc announced that it has acquired certain assets and the business of Decimal Industries (Decimal) of Copiague, Long Island, New York. Decimal is a long established Long Island based manufacturer of aerospace components whose customers include major aircraft component suppliers. Decimal specializes in aerostructure products including welded and brazed chassis structures housing electronics, radars, and avionics in aircraft. Decimal's business will become a division of the Company's Welding Metallurgy, Inc (WMI) subsidiary. The two principals of Decimal will join Air Industries to aid in the transition. Decimal's current facility has been leased for one year. It is anticipated that the Decimal operations will be relocated to the Company's facility in Hauppauge, New York. As part of the Decimal acquisition Air Industries also agreed with PNC Bank to restate and amend its loan agreement. This amendment reduces the interest charged by PNC on both the Revolving Credit Line and Term Loan.

Lockheed Martin Corp Launches Lockheed Martin International

Monday, 1 Jul 2013 09:01am EDT

Lockheed Martin Corp announced that it has launched Lockheed Martin International (LMI), a new organization responsible for strengthening international customer relationships and industrial partnerships, and growing the company's global business. The LMI team will work with global Lockheed Martin customers to deliver the company's products, technologies and services to meet their national security and citizen services needs. The LMI organization is headquartered in London, England, and the Washington, D.C., metropolitan area; has corporate offices in Ottawa, Riyadh, Abu Dhabi, Singapore and Canberra; and regional offices in Tel Aviv, New Delhi, Tokyo and Seoul.

Moog Inc Announces Sale Of Ethox Medical Buffalo Operations And Hiring Of Advisor To Consider Strategic Alternatives For Medical Devices Segment

Monday, 1 Jul 2013 09:00am EDT

Moog Inc announced that it completed the sale of its Buffalo, New York operations of Ethox Medical to Dempsey Ventures for an undisclosed sum. Annual sales from this division are approximately $12 million. Ethox Buffalo employs 88 full-time employees. There is an after-tax non-cash loss of approximately $5 million, or about $0.11 per share, generated from this sale. This loss will be reflected in the Company's third quarter results for the period ended June 29, 2013 which will be reported in late July. Dempsey Ventures, based in Grand Rapids, Michigan, is a private equity firm focused on healthcare products. Its portfolio of companies in the anesthesia/respiratory space includes SunMed, Bay Medical and Ventlab. The Company also announced that it has engaged RBC Capital Markets LLC to assist with the strategic assessment of the remainder of its Medical Devices segment, including the possibility of divesting the entire segment.

TransDigm Group Inc Acquires Electromechanical Actuation Division From GE Aviation

Monday, 1 Jul 2013 08:00am EDT

TransDigm Group Inc announced that it acquired the assets of GE Aviation's Electromechanical Actuation Division for approximately $150 million in cash on June 28, 2013. The business, which will be conducted by TransDigm through a new entity, Whippany Actuation Systems, LLC (Whippany), located in Whippany, New Jersey, manufactures proprietary, engineered aerospace electromechanical motion control subsystems for civil and military applications.

Muromteplovoz OAO Appoints Chairman of the Board o Directors-SKRIN

Sunday, 30 Jun 2013 08:00pm EDT

SKRIN reported that Muromteplovoz OAO has appointed Mr. Nikolay Vladimirovich Oshchekhin to the post of chairman of the Company's Board of Directors/

PTB Group Ltd Confirms FY 2013 PBT Guidance

Sunday, 30 Jun 2013 06:35pm EDT

PTB Group Ltd confirmed that it expects to deliver $2.8 million profit before tax (PBT, before exchange rate movements and abnormal items) for fiscal 2013. This is within the range of the guidance of between $2.8 and $3 million (on the same basis) provided at the November 2012 AGM.

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Analyst Research

Report Title Price
SENIOR - WEATHERING THE STORM
Provider: Edison Investment Research
$10.00
Buy
WESTMINSTER GROUP - DEFENSIVE GROWTH
Provider: Edison Investment Research
$10.00
Buy
WESTMINSTER GROUP - STRATEGIC DEAL
Provider: Edison Investment Research
$10.00
Buy
SENIOR - UNBOWED BY HEADWINDS
Provider: Edison Investment Research
$10.00
Buy
WESTMINSTER GROUP - SOLID RESULTS
Provider: Edison Investment Research
$10.00
Buy

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