Other Defense

Worldwide Modular Combat Turret Industry to 2028 - by Offerings, Platform and Geography - ResearchAndMarkets.com

Friday, May 14, 2021 - 5:29pm

Until the outbreak, the defense industry was experiencing substantial growth in terms of production and services.

Key Points: 
  • Until the outbreak, the defense industry was experiencing substantial growth in terms of production and services.
  • The recovery period of the pandemic impact on the defense industry is foreseen to be quicker as compared to various other industries.
  • This factor would propel the growth of modular combat turret market during the forecast period.\nThe global modular combat turret system market is segmented on the basis of offerings and platform.
  • The process also serves the purpose of obtaining an overview and forecast for the modular combat turret market with respect to all the segments.

Teledyne Completes Acquisition of FLIR

Friday, May 14, 2021 - 3:01pm

FLIR will now be included in Teledyne\xe2\x80\x99s Digital Imaging segment and operate under the name Teledyne FLIR.\nUnder the terms of the agreement, FLIR stockholders received $28.00 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share, which implies a total purchase price of approximately $57.40 per FLIR share based on Teledyne\xe2\x80\x99s closing price on May 13, 2021.

Key Points: 
  • FLIR will now be included in Teledyne\xe2\x80\x99s Digital Imaging segment and operate under the name Teledyne FLIR.\nUnder the terms of the agreement, FLIR stockholders received $28.00 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share, which implies a total purchase price of approximately $57.40 per FLIR share based on Teledyne\xe2\x80\x99s closing price on May 13, 2021.
  • Edwin Roks, current Vice President of Teledyne and President of Teledyne\xe2\x80\x99s Digital Imaging Segment, is now Executive Vice President of Teledyne.
  • Edwin will continue to serve as President of Teledyne\xe2\x80\x99s Digital Imaging Segment, which now includes Teledyne FLIR.
  • In addition, Todd Booth is promoted to Senior Vice President and Chief Financial Officer for the acquired Teledyne FLIR group of businesses.\n\xe2\x80\x9cWe appreciate the support from our stockholders, and I am delighted to welcome FLIR to the Teledyne family,\xe2\x80\x9d said Robert Mehrabian, Executive Chairman of Teledyne.

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.

Teledyne to Hold Investor Meetings

Thursday, May 13, 2021 - 6:40pm

Teledyne\xe2\x80\x99s operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe.

Key Points: 
  • Teledyne\xe2\x80\x99s operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe.
  • For more information, visit Teledyne\xe2\x80\x99s website at www.teledyne.com .\nTeledyne\xe2\x80\x99s investor presentation contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, with respect to management\xe2\x80\x99s beliefs about the financial condition, results of operations and businesses of Teledyne in the future.
  • Forward-looking statements involve risks and uncertainties, are based on the current expectations of the management of Teledyne and are subject to uncertainty and changes in circumstances.
  • As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005880/en/\n'

FOX Nation to Offer a Free One Year Subscription to All Active United States Military and Veterans for Special Memorial Day Themed Promotion Grateful Nation

Thursday, May 13, 2021 - 6:12pm

b'FOX Nation, FOX News Media\xe2\x80\x99s streaming platform, will offer a special promotion of one year of free access to all active United States military members and veterans as part of its Grateful Nation initiative in honor of Memorial Day.

Key Points: 
  • b'FOX Nation, FOX News Media\xe2\x80\x99s streaming platform, will offer a special promotion of one year of free access to all active United States military members and veterans as part of its Grateful Nation initiative in honor of Memorial Day.
  • From May 24-31, any active member of the armed services or military veteran will be able to opt into the special offering and receive a one year free subscription to FOX Nation.\nBeginning May 25th, FOX Nation will also showcase themed programming in tribute to members of the U.S. military.
  • Hegseth and his guests will also reflect on the unique challenges of this past year and how they\xe2\x80\x99ve impacted the military community.
  • Jones will also go behind the scenes of the modern tattoo industry and explore where it may go in the future.

CMMC Accreditation Body Appoints Melanie Kyle Gingrich as First Vice President for Training and Development

Thursday, May 13, 2021 - 3:35pm

b'The CMMC Accreditation Body (CMMC-AB) today announced the selection of Melanie Kyle Gingrich as the CMMC-AB\xe2\x80\x99s first vice president for training and development.

Key Points: 
  • b'The CMMC Accreditation Body (CMMC-AB) today announced the selection of Melanie Kyle Gingrich as the CMMC-AB\xe2\x80\x99s first vice president for training and development.
  • In this role, Ms. Gingrich will oversee the day-to-day development and management of the CMMC-AB training, education, and curricula management programs to support and ensure the successful growth of the CMMC ecosystem.\nMs.
  • For the past 15 months, Mr. Tchoubineh has led the training committee of the CMMC-AB Board of Directors in a voluntary capacity.
  • \xe2\x80\x9cShe brings compelling experience in both the development and provision of online training as well as an acute understanding of service-delivery models.

Global Military Simulation and Training Market Report 2021: Market to Reach $15.5 Billion by 2027 - U.S. Market is Estimated at $3.2 Billion, While China is Forecast to Grow at 6.6% CAGR - ResearchAndMarkets.com

Thursday, May 13, 2021 - 3:21pm

China, the world\'s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2027 trailing a CAGR of 6.6% over the analysis period 2020 to 2027.

Key Points: 
  • China, the world\'s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2027 trailing a CAGR of 6.6% over the analysis period 2020 to 2027.
  • Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.3% respectively over the 2020-2027 period.
  • Within Europe, Germany is forecast to grow at approximately 3% CAGR.\nIn the global Constructive segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment.
  • Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.1 Billion by the year 2027, while Latin America will expand at a 4.5% CAGR through the analysis period.\n'

Western Digital Receives 2020 Pro Patria Award for Exemplary Support of Guard and Reserve Employees

Thursday, May 13, 2021 - 1:00pm

b"Western Digital Corp. (NASDAQ: WDC) announced today it has received the 2020 Pro Patria Award from the Employer Support of the Guard and Reserve (ESGR), a Department of Defense program.

Key Points: 
  • b"Western Digital Corp. (NASDAQ: WDC) announced today it has received the 2020 Pro Patria Award from the Employer Support of the Guard and Reserve (ESGR), a Department of Defense program.
  • The highest-level honor bestowed by the California ESGR state committee, the award recognizes employers that demonstrate steadfast and exemplary support to National Guard and Reserve employees.\nThis press release features multimedia.
  • Our data-centric solutions are comprised of the Western Digital\xc2\xae, G-Technology\xe2\x84\xa2, SanDisk\xc2\xae, and WD\xc2\xae brands.\n\xc2\xa9 2021 Western Digital Corporation or its affiliates.
  • All rights reserved.\nWestern Digital and the Western Digital logo are registered trademarks or trademarks of Western Digital Corporation or its affiliates in the US and/or other countries.

OptaSense and Liberty Oilfield Services Form Partnership

Thursday, May 13, 2021 - 1:30pm

b'Luna Innovations (NASDAQ: LUNA), a global leader in advanced optical technology, today announced an important partnership between its OptaSense business and Liberty Oilfield Services.

Key Points: 
  • b'Luna Innovations (NASDAQ: LUNA), a global leader in advanced optical technology, today announced an important partnership between its OptaSense business and Liberty Oilfield Services.
  • We are excited to work with our partners and customers to deliver this cutting-edge technology.\xe2\x80\x9d\nLaunched in partnership with Liberty, the diagnostics service utilizes real-time fiber optic measurements to monitor the fracture treatment process in wells.
  • OptaSense (optasense.com) technology is currently being used to monitor more than 25,000 km of assets around the globe, including oil and gas pipelines, security perimeters and international borders.\nLiberty Oilfield Services (NYSE: LBRT) is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies.
  • Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers.