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MONEY® News Category - 'Aerospace and Defense'

Aerojet Rocketdyne Coleman Aerospace Opens New Facility on Cape Canaveral

SACRAMENTO, Calif., Feb. 24, 2017 (GLOBE NEWSWIRE) — Aerojet Rocketdyne, Inc., a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), announced that Coleman Aerospace today unveiled its new Space Coast Integration & Test Facility at Cape Canaveral Air Force Station. Pictured LtoR: Colonel Matthew Wallace (U.S. Air Force Space Command’s 45th Space Wing); Stan Thomas (U.S. […]

PHOTO RELEASE–Huntington Ingalls Industries Hosts Rep. Kay Granger at Newport News Shipbuilding

NEWPORT NEWS, Va., Feb. 24, 2017 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) hosted Rep. Kay Granger, R-Texas, on Thursday for a tour of the company’s Newport News Shipbuilding division. Newport News Shipbuilding President Matt Mulherin accompanied the congresswoman on the shipyard tour, which included progress updates on the aircraft carriers Gerald R. Ford (CVN […]

MEMEX Recognized as one of the Strongest Performing Companies on the TSX Venture Exchange

BURLINGTON, ON–(Marketwired – February 23, 2017) – Memex Inc. (“MEMEX” or the “Company”) (TSX VENTURE: OEE) announces today that it was recognized as a 2017 TSX Venture 50 Company. The TSX Venture 50™ are the 50 strongest performing companies (out of 1,643 listings) on the TSX Venture Exchange. Memex was ranked 4th in the Technology […]

Rare Bird’s Eye View of RS-25 Engine Test

STENNIS SPACE CENTER, Miss., Feb. 22, 2017 (GLOBE NEWSWIRE) — NASA drone technology captured never-before-seen imagery of the RS-25 engine built by Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), while it underwent testing at NASA’s Stennis Space Center in Mississippi. This is the first time drones have captured photos of the RS-25 […]

PHOTO RELEASE–Reps. Wittman and Palazzo Visit Huntington Ingalls Industries’ Ingalls Shipbuilding Division

PASCAGOULA, Miss., Feb. 22, 2017 (GLOBE NEWSWIRE) — Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division hosted Reps. Rob Wittman, R-Va., and Steven Palazzo, R-Miss., on Wednesday for a tour of the shipyard, which included ships under construction at Ingalls. “Today was an informative visit to Ingalls Shipbuilding—one of our nation’s best assets,” said Wittman, who […]

Aerojet Rocketdyne Holdings, Inc. to Acquire Coleman Aerospace; Expanding into Target Missile Vehicle Business

EL SEGUNDO, Calif., Feb. 22, 2017 (GLOBE NEWSWIRE) — Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) announced today that it has signed a definitive agreement to purchase Coleman Aerospace from L3 Technologies, Inc. for $15 million in cash, subject to customary adjustments. The transaction is expected to close by the end of the month. Coleman Aerospace will […]

Kratos Advanced Medium Range Ballistic Missile Target Supports Successful Standard Missile-3 Block IIA Intercept Test

SAN DIEGO, Feb. 22, 2017 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National Security Solutions provider, announced today that Kratos’ Defense & Rocket Support Services (DRSS) Division successfully supported the Missile Defense Agency (MDA) and Sailors aboard the USS JOHN PAUL JONES (DDG-53) as they completed the first intercept test […]

Aerojet Rocketdyne’s AR1 Engine Sets U.S. Record

STENNIS SPACE CENTER, Miss., Feb. 22, 2017 (GLOBE NEWSWIRE) — Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), recently demonstrated the highest chamber pressure of any United States produced liquid oxygen and kerosene main combustion system. This milestone occurred during a series of successful test firings of the AR1’s staged combustion system at […]

Patriot One Provides NForce CMR 1000 Software Solution and Related Hardware Product Update

TORONTO, ON–(Marketwired – February 22, 2017) – Patriot One Technologies, Inc. (TSX VENTURE: PAT) (OTCQB: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), developer of a revolutionary concealed weapons detection system, is pleased to announce that its NForce CMR1000 software solution and related hardware, has completed internal quality assurance in preparation for a major trade […]

India’s Newest Airline Zoom Air Joins Bombardier’s Worldwide Family of CRJ Series Aircraft Operators

MONTRÉAL, QUÉBEC–(Marketwired – Feb. 21, 2017) – Bombardier Commercial Aircraft today congratulated Zoom Air, India’s newest airline, on the recent launch of CRJ200 regional jet service with aircraft acquired from a third party. The airline has joined Bombardier’s family of more than 100 CRJ Series aircraft owners and operators. The airline, which is based in […]

Enlighten IT Consulting Awarded Defense Logistics Agency Contract

Dayton, Ohio , Feb. 21, 2017 (GLOBE NEWSWIRE) — MacAulay-Brown, Inc. (MacB), a leading National Security company delivering advanced engineering services, cybersecurity and product solutions, announced today that Enlighten IT Consulting (EITC), a wholly-owned subsidiary of MacB, was awarded a position on a multiple-award, Indefinite Delivery/Indefinite Quantity (IDIQ) contract supporting the Defense Logistics Agency through […]

Mission Ready Announces Purchase of Wild Things Business

VANCOUVER, BC –(Marketwired – February 21, 2017) – Mission Ready Services Inc. (“Mission Ready” or the “Company”) (TSX VENTURE: MRS) is pleased to announce that the closing of the previously announced acquisition of the business and certain assets of Wild Things, LLC (the “Transaction”) is scheduled for February 24, 2017 valued at USD $4.5 million. […]

Kratos Defense & Security Solutions Schedules Fourth Quarter and Fiscal Year 2016 Earnings Conference Call for Monday, February 27th

SAN DIEGO, Feb. 21, 2017 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National Security Solutions provider, announced today that it will publish financial results for the fourth quarter and Fiscal Year 2016 after the close of market on Monday, February 27, 2017.  Management will discuss the Company’s operations and financial […]

MEMEX Inc. announces MERLIN Tempus(TM) and MERLIN Tempus Enterprise Edition Available for First Customer Ship (FCS)

BURLINGTON, ON–(Marketwired – February 21, 2017) – Memex Inc. (“MEMEX”) (TSX VENTURE: OEE) is pleased to announce the official release of MERLIN Tempus and MERLIN Tempus Enterprise Edition (EE), the next generation of our award-winning MERLIN Manufacturing Execution System software platforms. Dave McPhail, President and CEO of MEMEX Inc., stated, “Following our Tempus debut at […]

Memex Inc. Releases Q1-2017 Financial Results

BURLINGTON, ON–(Marketwired – February 17, 2017) – Memex Inc. (“Memex” or the “Company”) (TSX VENTURE: OEE) a global leader in Industrial Internet of Things (IIoT) manufacturing productivity software, today released its first quarter financial and operational highlights for its 2017 fiscal year, which ended December 31, 2016. All results are reported in Canadian dollars. Summary […]

Huntington Ingalls Industries Declares Quarterly Dividend

NEWPORT NEWS, Va., Feb. 17, 2017 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that its Board of Directors has declared a quarterly cash dividend of $0.60 per share, payable on March 10, 2017, to shareholders of record as of the close of business on March 3, 2017. Huntington Ingalls Industries is America’s largest […]

Moog Inc. Announces Acquisition

EAST AURORA, N.Y., Feb. 17, 2017 (GLOBE NEWSWIRE) — Moog Inc. (NYSE:MOG.A) and (NYSE:MOG.B) announced today that it has entered into a definitive agreement to acquire the global Rotary Transfer Systems business (“Rotary”) from Morgan Advanced Materials. The purchase price is €40 million ($42 million U.S.) in cash and includes Rotary’s European manufacturing sites in […]

Aerojet Rocketdyne Names Jerry Tarnacki to Lead Space Business Unit

SACRAMENTO, Calif., Feb. 17, 2017 (GLOBE NEWSWIRE) — Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), today announced that Jerry Tarnacki has been appointed as the senior vice president of the company’s recently formed Space Business Unit. Jerry Tarnacki Named Aerojet Rocketdyne Senior VP of Space Business Unit A photo accompanying this announcement […]

Aerojet Rocketdyne Names John Schneider VP of Quality & Mission Assurance

SACRAMENTO, Calif., Feb. 17, 2017 (GLOBE NEWSWIRE) — Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), today announced that John Schneider has been appointed vice president of Quality & Mission Assurance (Q&MA). He succeeds Jerry Tarnacki who was recently named senior vice president of the company’s Space Business Unit. John Schneider Named Aerojet […]

Astronics Corporation Reports 2016 Fourth Quarter and Full Year Financial Results

EAST AURORA, N.Y., Feb. 17, 2017 (GLOBE NEWSWIRE) — Astronics Corporation (NASDAQ:ATRO), a leading supplier of advanced technologies and products to the global aerospace, defense, and semiconductor industries, today reported financial results for the three and twelve months ended December 31, 2016.  Earnings per share for all periods are adjusted for the 3 for 20 […]

Mission Ready Closes Private Placement Financing

VANCOUVER, BC –(Marketwired – February 17, 2017) – Mission Ready Services Inc. (“Mission Ready” or the “Company”) (TSX VENTURE: MRS) reports that, further to the news release dated January 4, 2017 announcing a non-brokered private placement financing of up to 11,000,000 units (the “Units”) at $0.10 per Unit for gross proceeds of up to CDN […]

LMI Aerospace Enters into Merger Agreement to be Acquired by Sonaca Group

Transaction creates a combined global leader in design and manufacture of complex aerostructures LMI will operate as a member of the Sonaca Group LMI headquarters to remain in St. Louis ST. LOUIS, Feb. 16, 2017 (GLOBE NEWSWIRE) — LMI Aerospace Inc. (Nasdaq:LMIA) has entered into a merger agreement to be acquired by Sonaca Group, a […]

LMI Aerospace, Inc. Announces Expectations for Full-Year 2016 Results

ST. LOUIS, Feb. 16, 2017 (GLOBE NEWSWIRE) — LMI Aerospace, Inc. (Nasdaq:LMIA) (“LMI” or the “Company”), a leading provider of design and aftermarket engineering services, and supplier of structural assemblies, kits and components to the aerospace and defense markets, announces its updated financial expectations for the year ended December 31, 2016. Expectations for 2016 Based upon […]

Northrop Grumman Board Declares Quarterly Dividend

FALLS CHURCH, Va., Feb. 16, 2017 (GLOBE NEWSWIRE) — The board of directors of Northrop Grumman Corporation (NYSE:NOC) declared a quarterly dividend of $0.90 per share on Northrop Grumman common stock, payable Mar. 22, 2017, to shareholders of record as of the close of business Mar. 6, 2017. Northrop Grumman is a leading global security […]

NAV CANADA reports January traffic figures

OTTAWA, ON –(Marketwired – February 16, 2017) – NAV CANADA announced today its traffic figures for the month of January 2017 as measured in weighted charging units for enroute, terminal and oceanic air navigation services, in comparison to the prior fiscal year. Air traffic in January 2017 increased by an average of 5.6 per cent […]