Archive for January 22nd, 2014

ONS report reveals a drop in UK unemployment

UK employment figures on the rise

Job are being created in the UK at a significant rate, with a record-breaking 30.15 million British people now in work, the Department for Work and Pensions (DWP) revealed on Wednesday. The DWP reported that figures published by the Office […]

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Astronics to buy EADS testing unit for USD53m

22 January 2014

Astronics Corp. (NASDAQ: ASTRO) said it is buying the test and services division of EADS North America for USD53m in cash.

The company said Tuesday that the

Raytheon, French Air Force complete Paveway demonstration

22 January 2014

Raytheon Company (NYSE: RTN) and the French Air Force completed a demonstration of a penetrator variant of a Paveway GBU-50 from a Mirage 2000D multirole fighter

Northrop Grumman inks deal with CA Technologies

22 January 2014

Northrop Grumman Corp. (NYSE: NOC) has signed an agreement with CA Technologies (NASDAQ: CA) to help Northrop Grumman expand its cloud-based services in the health care,

Communications Systems continues restructuring plan

Communications Systems, Inc. (NASDAQ: JCS) management reported its restructuring plan adopted in September 2013 has improved its cash position.

CFO Edwin C. Freeman said, "The cash position of the

Avcorp awarded Boeing Performance Excellence

22 January 2014

Avcorp Industries Inc. (TSX: AVP) reported it has received a 2013 Silver Boeing (NYSE BA) Performance Excellence Award.

The Boeing company issues the award annually to recognize

Nuance names new VP, worldwide sales

Nuance Communications, Inc. (NASDAQ: NUAN) said it has named Bill Robbins as executive vice president, worldwide sales.

In this role, Robbins will oversee all aspects of sales globally, including

Sonic Foundry buys Mediasite

Sonic Foundry, Inc. (NASDAQ: SOFO) said it has completed the acquisition of Mediasite K.K., the market leading enterprise video providers in Japan.

Both Mediasite K.K. and MediaMission will be

Trimble includes unmanned aircraft system to agriculture portfolio

22 January 2014

Trimble (NASDAQ: TRMB) said it has added its Trimble UX5 unmanned aircraft system to its agriculture product portfolio for aerial imaging and mapping.

The Trimble UX5 system

Splunk proposes follow-on offering

Splunk Inc. (NASDAQ: SPLK) said that it is commencing an underwritten registered public offering of 6,000,000 shares of its common stock.

Splunk also intends to grant the underwriters an

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