Business

January 7, 2013

Business Briefs – January 7, 2013

Heilind acquires Interstate Connecting Components

Heilind Electronics, Inc., North America’s largest distributor of electronic interconnect products, announced Jan. 2 the acquisition of Interstate Connecting Components, a New Jersey-based distributor of electronic components for the military and aerospace industries.

“We are very pleased to be welcoming ICC into the Heilind family,” said Robert W. Clapp, president of Heilind Electronics. “ICC has long been a leader in customer service and technical support in the mil-aero industry and will greatly enhance Heilind’s ability to support customers in that marketplace.”

ICC is a privately held company serving electronics OEMs and contract manufacturers in the military and aerospace industries from its Lumberton, New Jersey headquarters and through its network of sales offices in New York, Alabama, New Mexico and California.

Berger Group Holdings acquires Hawthorne Services

Berger Group Holdings, Inc., a global engineering firm with annual revenues of $1 billion headquartered in Morristown, N.J., has acquired Hawthorne Services, Inc. of Charleston, S.C. ó a 350-employee firm specialized in facility services and fueling operations at airfields and military bases.

“The acquisition of Hawthorne Services is part of our strategy to grow our operations and maintenance platform,” said Nicholas Masucci, CEO of the Berger Group. “We continue to enhance our support for government operations and maintenance, transportation, fueling services, airfield operations, facilities services and specialized technical services.”

Hawthorne Services is a leading provider of full lifecycle aircraft fuel services and facilities operations and maintenance services across the southeast United States for the Defense Logistics AgencyóEnergy and the state of South Carolina. This acquisition follows the 2012 Berger Group acquisition of the enterprises that now form Louis Berger Services, Inc. Hawthorne will become the fourth division managed under the Louis Berger Services operating company.

AAR to Repurchase 1.75 percent Convertible Senior Notes

AAR Corp. announced Jan. 3, that pursuant to the terms of the indenture, holders of AAR’s 1.75 percent Convertible Senior Notes due 2026 have the right to surrender their Securities for purchase by AAR.

The Put Option expires Jan. 31, 2013. The purchase is being made on the terms and subject to the conditions set forth in the Put Right Purchase Offer dated Jan. 3, 2013.

The Put Option entitles each holder of the securities to surrender to AAR for purchase all or any part of such holder’s securities at a purchase price equal to 100 percent of the principal amount, plus accrued and unpaid interest.

In accordance with the terms of the securities, holders of record as of Jan. 15, 2013, will receive payment on Feb. 1, 2013, of the regularly scheduled interest payment for interest accrued up to, but not including, the purchase date.




All of this week's top headlines to your email every Friday.


 
 

 
boeing-ethiopia

Boeing, Ethiopian Airlines announce order for 20 737 MAX 8s

  Boeing and Ethiopian Airlines Sept. 20 announced an order for 20 737 MAX 8s. The order, previously unidentified on the Boeing Orders & Deliveries website, is worth more than $2.1 billion at list prices and also inclu...
 
 
airbus-collaboration

Airbus Group, Aerion announce technology collaboration

Airbus Group and Aerion Corporation have agreed to collaborate on technologies associated with the future of high-performance flight. To further their mutual objectives, both companies will exchange knowledge and capabilities i...
 
 

Boeing to upgrade specialized ICBM guidance system test Equipment

Boeing will continue to ensure the readiness of the nationís Minuteman III intercontinental ballistic missile system with the development of a new Guidance Data Acquisition System. Under a $4.9 million contract awarded by the U.S. Air Force, Boeing will update and replace the aging GDAS, a key piece of equipment that tests the guidance system...
 

 

Boeing to open first cyber analytics center outside U.S.

Boeing will open its first Cyber Analytics Center outside the U.S. in Singapore, to bring advanced cybersecurity capabilities and services to customers in the Asia-Pacific region. The center will help train and equip cybersecurity professionals, perform advanced analytics and serve as Boeing’s regional cybersecurity center of excellence. Boeing will hire and train cybersecurity professionals...
 
 

Lockheed Martin receives additional EW contract to protect Navy’s fleet

The U.S. Navy awarded Lockheed Martin an additional $147 million contract to upgrade the fleet’s electronic warfare defenses against evolving threats, such as anti-ship missiles. Under this low-rate initial production contract for Block 2 of the Navy’s Surface Electronic Warfare Improvement Program, Lockheed Martin will provide 14 systems to upgrade the AN/SLQ-32(V)2 system on all...
 
 

Pratt & Whitney, U.S. Air Force complete qualification for F135 engine testing

Pratt & Whitney, a United Technologies Corp. , together with its U.S. Air Force partner at the F135 Heavy Maintenance Center at Tinker Air Force Base, Okla., celebrated another significant milestone qualification for F135 engine testing at the Oklahoma City Air Logistics Complex. OC-ALC which in addition to engine testing is also qualified to perform...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>