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.


 
 

 

Headlines July 29, 2015

News: Lockheed F-35s reliability found wanting in shipboard testing – The Marine Corps’ version of Lockheed Martin’s F-35 fighter demonstrated poor reliability in a 12-day exercise at sea, according to the U.S. military’s top testing officer.   Business: Rockwell Collins to upgrade Boeing comms system – Rockwell Collins will upgrade the low-frequency transmi...
 
 

News Briefs July 29, 2015

U.S. Navy examines health concerns near Guantanamo court A complaint lodged with the Pentagon has prompted the U.S. Navy to look into the possible presence of anything that may cause cancer in a section of the base at Guantanamo Bay, Cuba, a military spokeswoman said July 28. The Navy Marine Corps Public Health Center and...
 
 
Air Force photograph by SrA. Betty R. Chevalier

New interrogation system installed on AWACS, more in pipeline

Air Force photograph by SrA. Betty R. Chevalier An E-3 Sentry AWACS from Tinker Air Force Base, Okla., prepares to land May 16, 2015. AWACS have the capability to detect enemy as well as friendly aircraft at great distances usi...
 

 

Remains of Pearl Harbor victims raised for identification

The military July 27 exhumed more caskets containing the unidentified remains of USS Oklahoma crew members killed in the 1941 bombing of Pearl Harbor. The Defense POW/MIA Accounting Agency disinterred five coffins from four grave sites at the National Memorial Cemetery of the Pacific in Honolulu, where they have rested for decades. The work is...
 
 
Boeing photograph

Boeing Oklahoma City expansion grows facilities, business presence

Boeing photograph July 29, Boeing broke ground on a new laboratory facility in Oklahoma City. Mayor Mick Cornett, Commissioner Brian Maughan, President of Boeing Global Services and Support Leanne Caret, Oklahoma Governor Mary ...
 
 

NASA awards contract to support agency’s human spaceflight programs

NASA has selected Wyle Laboratories Inc., of El Segundo, Calif., to provide biomedical, medical and health services in support of all human spaceflight programs at the agency’s Johnson Space Center in Houston. The work supports ongoing research aboard the International Space Station and helps enable the journey to Mars. The Human Health and Performance contract...
 




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=""> <s> <strike> <strong>