Jiangxi Hongdu Aviation Industry Co., Ltd.<600316.SS>:Says it will dissolve its Jiangxi-based import and export unit to improve operating efficiency.
Avtech Sweden Publ AB
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: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:Says has combined its energy products and technologies into a single commercial line of business to be known as Lockheed Martin Energy.
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.
Northrop Grumman Corp:Changes include the streamlining of business sectors from four to three.Two new sectors will be created by merging elements of the company's current Electronic Systems, Information Systems and Technical Services sectors.