Aerospace

Tide Rock Holdings Raises $100m and Continues to Acquire Lower Middle Market Companies

Friday, May 14, 2021 - 4:44pm

b'Tide Rock Holdings (\xe2\x80\x9cTide Rock\xe2\x80\x9d), a growth-oriented holding company of diverse, economically resilient B2B businesses, has raised $100 million.

Key Points: 
  • b'Tide Rock Holdings (\xe2\x80\x9cTide Rock\xe2\x80\x9d), a growth-oriented holding company of diverse, economically resilient B2B businesses, has raised $100 million.
  • Tide Rock will use this capital to continue acquiring profitable lower middle market businesses.
  • We have our largest and best quality deal flow pipeline to date, as well as a robust investor pipeline to kick off the next round of fundraising.
  • We\xe2\x80\x99ve invested in building our Growth Team to continue driving top and bottom-line growth, operational excellence, and leadership development in our current and future holdings,\xe2\x80\x9d said Brooks Kincaid, President of Tide Rock Holdings.\nWith new capital and a robust investor pipeline, Tide Rock is actively looking for manufacturing, distribution, and business services companies to add to its portfolio.\nTo learn more about Tide Rock Holdings, please visit http://www.tiderockholdings.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210514005414/en/\n'

Momentus Receives Draft National Security Agreement

Friday, May 14, 2021 - 11:30am

b'Momentus Inc. (\xe2\x80\x9cMomentus\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d), a U.S. commercial space company that intends to offer transportation and other in-space infrastructure services, today announced that it received a draft National Security Agreement (NSA) from the Committee on Foreign Investment in the United States (CFIUS).

Key Points: 
  • b'Momentus Inc. (\xe2\x80\x9cMomentus\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d), a U.S. commercial space company that intends to offer transportation and other in-space infrastructure services, today announced that it received a draft National Security Agreement (NSA) from the Committee on Foreign Investment in the United States (CFIUS).
  • The draft NSA specifies CFIUS\xe2\x80\x99s proposed requirements to resolve its national security concerns about the foreign ownership and control of Momentus.
  • The Company voluntarily filed for CFIUS review to enable CFIUS and its member agencies to scrutinize any and all records of Momentus, and proactively proposed a U.S. national security mitigation plan intended to resolve the national security concerns that CFIUS and its member agencies have raised.\n"The receipt of the draft NSA follows three months of extensive work by the Momentus and SRAC teams," said Momentus President Dr. Fred Kennedy.
  • "The agreement will build on the mitigation plan that we shared with the Department of Defense and other CFIUS member agencies back in February.

Air Lease Corporation CEO to Speak at BofA Securities Transportation, Airlines and Industrials Conference

Thursday, May 13, 2021 - 9:31pm

b'Air Lease Corporation (NYSE: AL) announced today that John L. Plueger, Chief Executive Officer and President, will be speaking at the virtual BofA Securities Transportation, Airlines and Industrials Conference on Thursday, May 20, 2021 at 11:20 a.m. Eastern Time.

Key Points: 
  • b'Air Lease Corporation (NYSE: AL) announced today that John L. Plueger, Chief Executive Officer and President, will be speaking at the virtual BofA Securities Transportation, Airlines and Industrials Conference on Thursday, May 20, 2021 at 11:20 a.m. Eastern Time.
  • This speaking engagement will be broadcast live through a link on the Investors page of the Air Lease Corporation website at www.airleasecorp.com .
  • Alternatively, virtual attendees may access the webcast directly via this link: BofA Securities Transportation, Airlines and Industrials Conference .
  • Investors and potential investors are encouraged to consult the ALC website regularly for important information about ALC.

Archer to Present at the BofA Securities Transportation, Airlines & Industrials Conference

Thursday, May 13, 2021 - 9:30pm

b"Archer, a leading Urban Air Mobility (\xe2\x80\x9cUAM\xe2\x80\x9d) company and developer of all-electric vertical take-off and landing (\xe2\x80\x9ceVTOL\xe2\x80\x9d) aircraft, announced today that it will present at the BofA Securities Transportation, Airlines & Industrials Conference.

Key Points: 
  • b"Archer, a leading Urban Air Mobility (\xe2\x80\x9cUAM\xe2\x80\x9d) company and developer of all-electric vertical take-off and landing (\xe2\x80\x9ceVTOL\xe2\x80\x9d) aircraft, announced today that it will present at the BofA Securities Transportation, Airlines & Industrials Conference.
  • Atlas Crest priced its $500 million initial public offering on October 27, 2020.\nArcher\xe2\x80\x99s mission is to advance the benefits of sustainable air mobility.
  • Archer\xe2\x80\x99s goal is to move people throughout the world's cities in a quick, safe, sustainable, and cost-effective manner.
  • No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513006009/en/\n"

IndyCar Drivers Take Flight at LIFT Academy

Thursday, May 13, 2021 - 8:44pm

View the full release here: https://www.businesswire.com/news/home/20210513005991/en/\nNNT INDYCAR Series drivers Spencer Pigot, Dalton Kellett and Kyle Kaiser visit LIFT Academy in Indianapolis to take their skills from the race car to airplane with a discovery flight from Indianapolis International Airport.

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210513005991/en/\nNNT INDYCAR Series drivers Spencer Pigot, Dalton Kellett and Kyle Kaiser visit LIFT Academy in Indianapolis to take their skills from the race car to airplane with a discovery flight from Indianapolis International Airport.
  • I think I want to learn how to do this.\xe2\x80\x9d\nLIFT Academy is owned by Indianapolis-based Republic Airways and is the first U.S. airline-owned and operated ab initio flight training program in the new generation of flight training.
  • Less than three years later, it has quickly become one of the largest flight schools in the nation with nearly 300 students from across the United States coming to train in Indianapolis.\nAbout LIFT Academy: Leadership In Flight Training (LIFT) Academy is a U.S.-based commercial aviation pilot training school owned and operated by Republic Airways.
  • Students receive instruction from experienced pilots, under FAA and industry standards, with the most advanced equipment and curriculum that combines flight, flight simulator, online and in-classroom training.

Nortech Systems Announces the Addition of Stacy Kruse to its Board of Directors

Thursday, May 13, 2021 - 10:30pm

Kruse will contribute strategic capabilities in finance and operations to support Nortech\xe2\x80\x99s growth initiatives and profitability objectives.

Key Points: 
  • Kruse will contribute strategic capabilities in finance and operations to support Nortech\xe2\x80\x99s growth initiatives and profitability objectives.
  • Ms. Kruse currently serves as Chief Operating Officer and Chief Financial Officer of Portico Benefit Services (Portico).
  • Ms. Kruse served on the Washburn Center for Children Board of Directors.
  • Nortech strives to be a premier workplace that fosters valued relationships internally and in our communities.\nAbout Nortech Systems Incorporated Nortech Systems is a leading provider of design and manufacturing solutions for complex electromedical devices, electromechanical systems, assemblies, and components.

CMTC Releases Season 2 of Modern Manufacturing Podcast “Shifting Gears”

Thursday, May 13, 2021 - 8:11pm

b'California Manufacturing Technology Consulting\xc2\xae (CMTC) announced today the release of Shifting Gears Season Two .

Key Points: 
  • b'California Manufacturing Technology Consulting\xc2\xae (CMTC) announced today the release of Shifting Gears Season Two .
  • CMTC originally launched the Shifting Gears podcast in February to help small and medium-sized manufacturers (SMMs) keep up with emerging technologies, regulations, and industry news.
  • Season Two ( available now ) further explores the value of apprenticeship programs and deep-dives into inbound marketing , the economic outlook in the wake of the pandemic , smart manufacturing , eCommerce , and women in manufacturing .
  • Shifting Gears\xe2\x80\x99 host, CMTC Director of Advanced Manufacturing Technologies Gregg Profozich, is joined by subject matter experts to explore each of these six topics.

Albany International Declares Dividend

Thursday, May 13, 2021 - 9:35pm

b'The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.20 per share on the Company\xe2\x80\x99s Class A and Class B Common Stock, payable July 8, 2021, to shareholders of record on June 7, 2021.\nAlbany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses.

Key Points: 
  • b'The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.20 per share on the Company\xe2\x80\x99s Class A and Class B Common Stock, payable July 8, 2021, to shareholders of record on June 7, 2021.\nAlbany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses.
  • Machine Clothing is the world\xe2\x80\x99s leading producer of fabrics and process belts used in the manufacture of all grades of paper products.
  • Albany Engineered Composites is a rapidly growing designer and manufacturer of advanced materials-based engineered components for jet engine and airframe applications, supporting both commercial and military platforms.
  • Albany International is headquartered in Rochester, New Hampshire, operates 23 plants in 11 countries, employs more than 4,000 people worldwide, and is listed on the New York Stock Exchange (Symbol AIN).

Maxar Technologies Announces Voting Results from Annual Meeting of Stockholders

Thursday, May 13, 2021 - 9:05pm

Our unique approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with unrivaled speed, scale and cost effectiveness.

Key Points: 
  • Our unique approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with unrivaled speed, scale and cost effectiveness.
  • Maxar\xe2\x80\x99s 4,400 team members in over 20 global locations are inspired to harness the potential of space to help our customers create a better world.
  • Maxar trades on the New York Stock Exchange and Toronto Stock Exchange as MAXR.
  • For more information, visit www.maxar.com .\nCertain statements and other information included in this release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws.

Hexcel To Build New Center of Excellence for Advanced Composites Innovation in Utah

Thursday, May 13, 2021 - 7:30pm

\xe2\x80\x9cTheir decision to grow here will create many high-paying jobs for Utahns in skilled science and advanced technology.

Key Points: 
  • \xe2\x80\x9cTheir decision to grow here will create many high-paying jobs for Utahns in skilled science and advanced technology.
  • This new R&T center will be the company\xe2\x80\x99s largest center for innovation and product development in North America and a showcase for the company\xe2\x80\x99s advanced composites technology, providing space for future growth and expansion in the years ahead.
  • The company\xe2\x80\x99s existing operations in West Valley City include its largest high-performance carbon fiber manufacturing facility in the world.
  • \xe2\x80\x9cThis expansion represents a long-term commitment by Hexcel, which includes great employment opportunities as well as joint long-term economic outcomes.