Nevada Institute for Autonomous Systems (NIAS) has joined with other FAA designated UAS test sites in supporting NASA UTM program, the organization said.
NIAS and director of the FAA-designated Nevada UAS test site plan to collaborate in a UTM and beyond-visual-line-of-sight (BVLOS) in demonstrating their value to the NASA UTM program. The companies said they intend to collaborate with NASA on validating sense and avoid technologies and command and control infrastructure that will support BVLOS UAS flight operations.
Nevada Institute for Autonomous Systems (NIAS) is a non-profit corporation, leading the growth of the Nevada autonomous aerial vehicle industry through business teaming relationships, collaboration with primary research institutions, and helping enhance the UAS industry knowledge base in order to attract new and permanent business within the State of Nevada.
Southwest Airlines Co. (NYSE: LUV) have reported its pilots ratified a new collective bargaining agreement, the company said.
The Southwest Airlines Pilots´ Association (SWAPA) said 84.26 percent of pilots who cast ballots voted in favor of the deal.
New contractual terms, including a new wage scale and bonus provisions, will be implemented according to an agreed timeline. Negotiations began in 2012 and have been guided by the National Mediation Board (NMB) since 2014.
The newly ratified contract becomes amendable in November 2020.
Dallas-based Southwest Airlines operates more than 3,900 departures a day during peak travel season across a network of 98 destinations in the United States and seven additional countries with service to Varadero, Cuba beginning Nov. 13, 2016, and to Havana, Cuba, beginning Dec. 12, 2016, both routes subject to governmental approvals.
Amerijet LLC has appointed Neel Jones Shah to its board of managers to help the company fulfill its strategic growth objectives and operational goals, the company said.
Shah is experienced in the global air cargo industry, with over 14 years of experience working for United Airlines and Delta Air Lines, most recently as senior vice president and chief cargo officer of Delta. Since leaving Delta in 2012, he has remained active in the industry through his consulting firm, JS Aviation Consulting, Inc.
Amerijet International, Inc. is a full-service multi-modal transportation and logistics provider, offering international, scheduled all-cargo transport via land, sea, and air.
Novatel Wireless, Inc. (Nasdaq:MIFI) plans to reorganize its business by creating a new holding company structure in connection with an agreement to sell the company´s mobile broadband MiFiÂ® business to T.C.L. Industries Holdings (H.K.) Limited (“TCL”), the company said.
The new holding company will be Inseego Corp., a Delaware corporation. The directors, executive officers, and business operations of the company and its subsidiaries will not change.
Inseego will replace Novatel Wireless, Inc. as the publicly held corporation, effective November 9, 2016.
The shares of Inseego Corp. will trade on the NASDAQ Global Select Market under the ticker symbol “INSG” at the beginning of trading on November 9, 2016.
As a result of this event, the stockholders of Novatel Wireless, Inc. will become stockholders of the new holding company, Inseego Corp., on a one-for-one basis, automatically holding the same number of shares and same ownership percentage in Inseego Corp. as they held in Novatel Wireless, Inc. immediately prior to implementation.
Inseego Corp. (currently Nasdaq: MIFI and Nasdaq: INSG on November 9, 2016) is a leading global provider of software-as-a-service (SaaS) and solutions for the Internet of Things (IoT). The company is headquartered in San Diego, California.
TiVo Corporation (NASDAQ: TIVO) has agreed with Samsung Electronics Co., Ltd. to terms regarding a broad intellectual property license that will provide certain rights under TiVo´s patent portfolios for Samsung´s leading mobile, consumer electronic and set-top box businesses, the company said.
As part of the agreement, the parties will seek an immediate stay of all pending litigation and patent challenges between the two companies and, upon satisfaction of certain conditions in quarter four 2016, will seek dismissal.
TiVo provides entertainment technology and audience insights. From the interactive program guide to the DVR, TiVo delivers innovative products and licensable technologies that revolutionize how people find content across a changing media landscape.
Jeppesen has offered a series of three new general aviation data bundle services to meet the needs of individual pilot needs, the company said.
The company said bundle services combine access across both general aviation avionics, including Garmin and Avidyne, and popular mobile apps, providing the coverages pilots need on the number of devices they use.
The data bundles include unique full Americas (North, Central & South America) coverage that eliminates the need for trip kits.
Jeppesen delivers information and optimization solutions to improve the efficiency of air operations. Jeppesen is a Boeing subsidiary and part of the digital aviation business unit within Boeing commercial aviation services.
Novatel Wireless, Inc. (NASDAQ: MIFI) revenue increased by 12.2% to USD60.9 million in the third quarter of 2016, compared to USD54.3 million in the third quarter of 2015, the company said.
Revenue from SaaS, software and services increased to USD14.8 million in the third quarter of 2016, from USD2.2 million in the third quarter of 2015, as the company continued its focus on IoT SaaS and services solutions, including the CtrackÂ® telematics solutions (“Ctrack”) that the company acquired in the fourth quarter of 2015.
Revenue from SaaS, software and services increased to a record 24.3% of the company´s total revenue in the third quarter of 2016, compared to 4.1% of total revenue in the third quarter of 2015.
Revenue from hardware products was USD46.1 million in the third quarter of 2016, a decrease of 11.3% from USD52.0 million in the third quarter of 2015, as the company continues to strategically de-emphasize lower margin hardware-only sales in favor of bundled solutions that include higher-margin SaaS, software and services offerings.
Novatel Wireless, Inc., will be an Inseego Corp. company effective November 9, 2016. Inseego is a leading global provider of software-as-a-service (SaaS) and solutions for the Internet of Things (IoT). The company is headquartered in San Diego, California.
CPI Aerostructures, Inc. (NYSE MKT: CVU) has reported USD22.1 million in third quarter 2016 revenue, compared to USD26.8 million for the 2015 third quarter, the company said.
The company reported gross profit was USD5.0 million for the third quarter of 2016, versus USD5.6 million for the third quarter of 2015. Pre-tax income for the 2016 third quarter was USD2.7 million compared to USD3.5 million in the 2015 third quarter. Net profit for the 2016 third quarter was USD1.7 million, or USD0.19 per diluted share, compared to USD2.4 million, or USD0.28 per diluted share, in the 2015 third quarter.
Third quarter 2016 results include USD2.7 million in zero-margin revenue related to the A-10 Wing Replacement Program (WRP). In reporting first quarter 2016 results, CPI Aero announced that it had incurred a non-cash charge of approximately USD13.5 million related to its estimate to perform through the conclusion of the order.
CPI Aero is a US manufacturer of structural assemblies for fixed wing aircraft, helicopters and airborne intelligence surveillance and reconnaissance pod systems in both the commercial aerospace and national security markets.
Clemson University has received the largest grant-in-kind in its history from Siemens, a global technology company, with software the company has provided at a commercial value of USD357,224,294, the company said.
The software will be incorporated into student coursework and projects related to computer-aided-design, engineering simulation, industrial design, digital manufacturing and manufacturing management in Clemson´s College of Engineering, Computing and Applied Sciences.
By providing students with hands-on experience with this software in academic programs, Clemson is preparing a highly-skilled STEM workforce for the advanced manufacturing industry.
Through the in-kind investment, Clemson students now will have access to the same Siemens product lifecycle management (PLM) software used by more than 140,000 companies throughout the global manufacturing industry — including 35 in South Carolina — to design, develop and manufacture some of the world´s most sophisticated products in a variety of industries, including aerospace, automotive, medical devices, machinery, shipbuilding and high-tech electronics.
Siemens is a US subsidiary of Siemens AG, a global powerhouse focusing on the areas of electrification, automation and digitalization.
Clemson University is a major, land-grant, science- and engineering-oriented research university in South Carolina that maintains a strong commitment to teaching and student success.
Astronics Corporation (NASDAQ: ATRO) has reported net income in the third quarter 2016 was USD12.1 million, or USD0.41 per diluted share, a decrease of 51 percent compared to USD24.69 in the third quarter of 2015, the company said.
Consolidated sales were down USD45.0 million from the same period last year. Aerospace segment sales of USD125.2 million were down USD13.5 million and test systems segment sales of USD29.9 million were down USD31.5 million.
Consolidated sales for the first nine months of 2016 decreased by USD55.9 million, or 10.4 percent, to USD479.1 million. Aerospace segment sales were down 1.8 percent year-over-year to USD406.0 million, while test systems segment sales were down 40.0 percent to USD73.1 million.
During the third quarter, the company repurchased approximately 157,000 shares at an aggregate cost of USD5.3 million under its share repurchase program. Since the inception of the program in February 2016, the company has repurchased approximately 517,000 shares at an aggregate cost of USD17.5 million.
Astronics Corporation is a supplier of advanced technologies and products to the global aerospace, defense, and semiconductor industries.