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Month: February 2021

Mesa and United Airlines to Invest in Archer Aviation to Decarbonize Air Travel

PHOENIX, Feb. 11, 2021 (GLOBE NEWSWIRE) — Mesa Air Group, Inc. (NASDAQ: MESA), working with United Airlines, has reached an agreement in principle with air mobility company, Archer Aviation, as part of the airline’s effort to invest in emerging technologies that decarbonize air travel.In connection with the agreement, which remains subject to final documentation, Mesa will receive 20% of United’s warrant to purchase 14,645,614 shares of Archer’s common stock (the “United Warrant”) with a $0.01 per share exercise price such that Mesa will receive a warrant exercisable for 2,929,123 shares (the “Mesa Warrant”). The Mesa Warrant will be subject to vesting upon the achievement of certain milestones and conditions. Vesting occurs as follows, subject to vesting acceleration under certain circumstances:(i) 40% of the shares are vested...

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Huntington Ingalls Industries Reports Fourth Quarter and Full Year 2020 Results

Revenues were $2.8 billion in the quarter; $9.4 billion in 2020Operating margin was 11.1% in the quarter; 8.5% in 2020Diluted earnings per share was $6.15 in the quarter, $17.14 in 2020Cash from operations was $1.1 billion, and free cash flow1 was $757 million in 2020Backlog of $46.0 billion at year endNEWPORT NEWS, Va., Feb. 11, 2021 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) reported fourth quarter 2020 revenues of $2.8 billion, up 14.3% from the fourth quarter of 2019. Operating income in the quarter was $305 million and operating margin was 11.1%, compared to $186 million and 7.7%, respectively, in the fourth quarter of 2019. Diluted earnings per share in the quarter was $6.15, compared to $3.61 in the same period of 2019.For the full year, revenues of $9.4 billion increased 5.2% over 2019. Operating income...

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Gilat Shipped Initial Aero Modems Out of a Multi-Million-Dollar Potential in China

PETAH TIKVA, Feb. 11, 2021 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announces that Gilat has shipped initial aero modems, out of a multi-million-dollar potential in China. A leading Chinese system integrator, to install Gilat’s aero modem, for the Ka-band In-flight Entertainment and Connectivity (IFEC) system, on the entire fleet of the first airline in China and on additional domestic airlines.IFEC on-board the first aircraft is already operational, providing commercial service with remarkable performance, enabled by Gilat’s aero modem, Taurus. The Chinese airline is the first fleet out of a potential of 3,500 commercial aircraft operating in China.“Gilat is most appreciative of the close partnership with...

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Brookfield Asset Management Reports Record Financial Results and Announces a Dividend Increase of 8%

BROOKFIELD, NEWS, Feb. 11, 2021 (GLOBE NEWSWIRE) — Brookfield Asset Management Inc. (NYSE: BAM, TSX: BAM.A) today announced financial results for the year ended December 31, 2020.Bruce Flatt, CEO of Brookfield, stated, “We ended the year with our best quarter ever, reflecting the continued growth of our asset management franchise and the resiliency of our underlying businesses. Looking forward, we expect 2021 to also be strong as we enter another important phase for our business. We recently started our next round of flagship fundraising, are making progress on significant realizations from earlier vintage funds, and underlying business performance is good and getting better. We invested $44 billion in 2020, while pausing dispositions; but with strong capital markets our activity has picked up dramatically in the first quarter of...

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NGS Group AB: Bokslutskommuniké 2020

Fjärde kvartalet i sammandrag• Nettoomsättningen för fjärde kvartalet uppgick till 107 MSEK (133), en minskning med 19,7%.• Rörelseresultatet för fjärde kvartalet uppgick till 3,0 MSEK (3,6), rörelsemarginal 2,8% (2,7).• Resultatet för fjärde kvartalet uppgick till 2,6 MSEK (2,7).• Resultatet per aktie före och efter utspädning för fjärde kvartalet uppgick till 0,29 SEK (0,29).• Koncernens kassaflöde från den löpande verksamheten uppgick under fjärde kvartalet till 8,9 MSEK (1,4).• NGS har under kvartalet utnyttjat möjligheterna till statligt stöd för deltidspermitteringar av viss personal med 0,3 MSEK.Väsentliga händelser efter periodens utgång:• NGS fortsätter att utveckla sin verksamhet inom rekrytering och executive search genom förvärv av rekryteringsbolaget Qsearch AB. Avtalet ingicks den 19 januari 2021 och aktierna tillträddes...

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DI Korrektion – anmodning om suspension – enkelte afdelinger – Bank holidays 2021-02-11

Anmodning om suspension i enkelte afdelinger under Investeringsforeningen Danske Investog Investeringsforeningen Danske Invest SelectGrundet lokale børslukkedage i de underliggende markeder vil enkelte afdelinger/andelsklasser under Investeringsforeningen Danske Invest og Investeringsforeningen Danske Invest Select være lukket for handel i perioden angivet nedenfor.De berørte afdelinger vises i skemaet nedenfor.Med venlig hilsenTina Hjorth HettingHead of Fund Products

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Dump Truck Market to cross USD 6 Billion by 2025, at a CAGR of 6% | Market Research Future (MRFR)

Pune, Feb. 11, 2021 (GLOBE NEWSWIRE) — Rise in the Mining Sector Worldwide Drive the Market GrowthThe dump truck market outlook looks extremely promising, mainly due to the growing mining and construction industries worldwide. Besides, the rising integration of AI and machine learning technologies in dump trucks drive the growth of the market. Product standardization, enhanced research & innovation, and increased lab & field tests are significant dump truck market trends ensuring market growth. Major industry players are substantially investing in the development of innovative dump trucks. Industry players are forming agreements with all financing partners involved in the refinancing and the shareholders. With the refinancing term until the end of 2024, most dump truck manufacturers have secured financing until the end...

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Tyson Foods Reports First Quarter 2021 Results

SPRINGDALE, Ark., Feb. 11, 2021 (GLOBE NEWSWIRE) — Tyson Foods, Inc. (NYSE: TSN), one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, today reported the following results:1 Certain items for the first quarter of fiscal 2020 have been revised as described in Part I, Item 1. Notes to Consolidated Condensed Financial Statements in the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended January 2, 2021.2 The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). Adjusted operating income and adjusted net income per share attributable to Tyson (Adjusted EPS) are non-GAAP financial measures. Refer to the end of this release...

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Bombardier Reports Full Year 2020 Financial Results, Provides 2021 Guidance and Outlines Actions to Drive Profitability and Productivity

2020 revenues from Business Aircraft activities reached $5.6 billion, growing 3% year-over-year on 114 deliveries, 44 of which were in the fourth quarter, including a record 16 Global 7500 aircraft deliveries2020 adjusted EBITDA(1)of $200 million from continuing operations; $912 million of reported EBIT, reflects the accounting gains on disposal of the CRJ and aerostructures businessesFourth Quarter Free Cash Flow(1)(FCF) generation of $523 million from continuing operations before interest and taxes, ahead of plan; cash flow from operating activities of $323 million for the fourth quarterPro forma cash and cash equivalents(2)of $5.4 billion, including Cash on hand of $1.8 billion at Bombardier Inc. on December 31, 2020 and $3.6 billion of proceeds from the recently closed sale of Transportation once it becomes fully available; Pro-forma...

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