Bristow Group enters 2 multi-year equipment financings

Bristow Group Inc. (NYSE: BRS) and its subsidiaries have entered into two seven-year GBP-denominated secured equipment financings for an aggregate USD200 million equivalent with Lombard, part of The Royal Bank of Scotland, the company said.

The company said proceeds from the financings will be used to finance eight search and rescue (SAR) helicopters being utilized for the SAR contract with the UK Department for Transport.

The credit facilities are expected to fund no later than the first quarter of calendar year 2017 and are subject to both UK and US governmental approvals. Upon funding, the credit facilities will have seven-year terms with balloon payments at maturity, and Bristow´s obligations will be secured by SAR helicopters, with one credit facility secured by three Sikorsky S-92 helicopters and the other credit facility secured by five Leonardo AW189 helicopters.

Bristow Group Inc. is an industrial aviation services provider offering helicopter transportation, search and rescue (SAR) and aircraft support services, including maintenance and training, to government and civil organizations worldwide. Bristow provides SAR services to the private sector worldwide and to the public sector for all of the UK on behalf of the Maritime and Coastguard Agency.

TransDigm reports USD155m net income in FY Q4 2016

TransDigm Group Incorporated (NYSE: TDG) has reported net income of USD154.7 million, up 9.2 percent from USD141.7 million reported in the 4th quarter of fiscal year 2015, the company said.

Fourth quarter net sales of USD875.2 million were up 8.1 percent from $809.8 million. Fourth quarter earnings per share of USD2.77, up 10.8 percent from USD2.50.

Fourth quarter EBITDA was USD423.3 million, up 16.6 percent from USD363.0 million. Fourth quarter adjusted earnings per share were USD3.29, up 16.3 percent from USD2.83 in the fourth quarter 2015.
Fiscal 2016 net sales were USD3,171.4 million, up 17.2 percent from USD2,707.1 million. Net income in fiscal 2016 was USD586.4 million, up 31.1 percent from USD447.2 million. Fiscal 2016 earnings per share of USD10.39, up 32.5 percent from USD7.84.

EBITDA in fiscal year 2016 was USD1,495.2 million was up 21.2 percent from USD1,233.7 million. Fiscal 2016 adjusted earnings per share of USD11.49, up 27.5 percent from USD9.01.

On September 23, 2016, TransDigm completed the acquisition of Young & Franklin Inc. and its subsidiaries, including Tactair Fluid Controls Inc., for a total purchase price of USD260 million in cash.

Subsequent to the quarter, TransDigm completed an offering of USD1,150 million of term loans maturing in 2023. The proceeds were used partially to fund a special dividend of USD24.00 per share paid in November 2016 and to repurchase USD500 million of existing 7.50 percent senior subordinated notes due 2021, which will be completed by the end of November 2016.

TransDigm Group, through its wholly owned subsidiaries, is a designer, producer and supplier of engineered aircraft components.

Motorola Solutions acquires Spillman Technologies

Motorola Solutions (NYSE: MSI) has acquired Spillman Technologies, a provider of comprehensive law enforcement and public safety software solutions for computer-aided dispatch (CAD) and records management systems (RMS), the company said.

Spillman, headquartered in Salt Lake City, provides public safety software to more than 1,700 agencies throughout the United States. In addition to CAD and RMS, Spillman offers an integrated suite of comprehensive software solutions and next-generation tools for jail management systems, fire, mobile data, data sharing, field reporting, mapping and geographic information systems.

Terms of the transaction were not disclosed.

Spillman Technologies is now a wholly owned subsidiary of Motorola Solutions and will be integrated into Motorola Solutions´ Smart Public Safety Solutions business.

Motorola Solutions creates innovative, mission-critical communication solutions and services that help public safety and commercial customers build safer cities and thriving communities.

Enable Midstream Partners completes Phase 2 of infrastructure implementation

Berkana Resources Corp, a provider of IT and OT system integration, consulting, security and compliance services, reported that Enable Midstream Partners (a major limited partnership with CenterPoint Energy and Oklahoma Gas & Electric) completed Phase 2 of its state-of-the-art infrastructure implementation, the company said.

Berkana assisted with the project from concept to completion, providing consulting, program and project management, integration and technical support. This project completion is the foundation of Enable´s initiative, “One Enable: Connected”.

All IT support and new requests that previously went through the parent companies, will now be performed by Enable internally. This program included the separation of data centers, new networks, desktop support, and security services provided by the parents to new Enable services built from scratch. The program positively impacted 2,100 users, 6 data centers, 163 locations, and 4,000 devices. The project team consisted of over 75 people from nine different internal and external teams.

Berkana Resources Corporation (BRC) provides operational and information technology consulting, integration, security and compliance solutions to customers in the oil & gas and electric utilities markets.

Enable Midstream Partners, LP is a publicly traded Master Limited Partnership (MLP) where approximately 1,900 employees focus on providing customers timely, reliable and affordable solutions. Enable Midstream Partners formed as a joint venture by affiliates of CenterPoint Energy, Inc., OGE Energy Corp and ArcLight Capital Partners, LLC in May 2013.

ViaSat gains additional aircraft capabilities through Arconics acquisition

ViaSat Inc. (NASDAQ: VSAT) has acquired Arconics and gained broader expertise, aviation-grade software and mobile applications to make flying safer and more efficient for pilots, cabin crews and flight operations teams, the company said.

The company said the acquisition also adds applications that make entertaining passengers and opening new service and revenue opportunities for airlines possible.

The Arconics-connected aircraft software platform enables the Arconics App Suite, which spans wireless in-flight entertainment (IFE), electronic flight bag (EFB), airline document management and cabin management solutions, to communicate and share data with the aircraft and, using available connectivity, to connect with ground systems across mobile or avionics platforms.

Prior to the acquisition, Arconics had a partnership with ViaSat, primarily focused on serving the wireless IFE needs of multiple airline customers. Post-acquisition, ViaSat expects to also offer airlines real-time insight, control and agility of aircraft and flight data with highly-integrated, highly-customizable aircraft operations tools that tap into the power of ViaSat´s advanced high capacity Ka-band satellite network, which has more capacity in orbit than any other in-flight WiFi provider.

In connection with the acquisition, ViaSat established a presence in Dublin, Ireland, and will continue to build its operations in Sydney, Australia.

Arconics, registered as Aerodocs Limited in Ireland, offers enterprise software and mobile applications for aircraft operators. The company´s mission is to help operators reduce costs, improve efficiency and ensure compliance with regulatory obligations.

ViaSat, Inc. is a global broadband services and technology company that provides on the ground or in-flight communication access to consumers, businesses, governments and military personnel.

CTS Corporation declares USD0.04 dividend

The Board of Directors of CTS Corporation (NYSE: CTS) announced the fourth quarter dividend of USD0.04 per share.

The dividend is payable January 27, 2017, to shareholders of record at the close of business on December 23, 2016.

CTS is a designer and manufacturer of products that sense, connect and move. CTS manufactures sensors, actuators and electronic components in North America, Europe and Asia, and supplies these products to OEMs in the aerospace, communications, defense, industrial, information technology, medical and transportation markets.

Saker Aviation reports 2016 YTD operating income of USD1.3m

Saker Aviation Services, Inc. (SKAS) has reported operating income of USD1.3 million in the first nine months of 2016, compared to USD1.5 million in the same period of 2015, a decrease of 10.4 percent, the company said.

Revenue and operating income in the nine months ended September 30, 2016 of USD10,872,366 and USD1,348,252, respectively, were down 7.7 percent and 10.4 percent, respectively, as compared to revenue of USD11,774,659 and operating income of USD1,513,317 in the nine months ended September 30, 2015.

The company also reported adjusted EBITDA of USD1,764,465 for the nine months ended September 30, 2016, a decrease of USD428,558 or 19.5 percent as compared to adjusted EBITDA of USD2,193,023 in the nine months ended September 30, 2015.

Saker Aviation Services, Inc., through its subsidiaries, is an aviation services company specializing in ground-based services to the general aviation marketplace,

CommScope sells remaining shares of stock held by The Carlyle Group affiliate

CommScope Holding Company, Inc. (NASDAQ: COMM) has sold 19,716,970 shares of its common stock on an underwritten basis by an affiliate of The Carlyle Group, the company said.

CommScope will not receive any of the proceeds from the offering of shares by Carlyle. Closing of the offering is expected to occur on or about November 16, 2016, subject to customary closing conditions.

Morgan Stanley and Jefferies are acting as the joint book-running managers for the offering.

Following the offering, Carlyle will not own any shares of common stock of CommScope.

CommScope helps companies around the world design, build and manage their wired and wireless networks.

United Airlines opens automated screening lanes for passengers at Chicago O'Hare

United Airlines has added automated screening lanes at multiple airports with the opening of its fully redesigned TSA pre-check security checkpoint at the airline´s Chicago O´Hare hub, the company said.

The company said the addition of the new lanes increase efficiency and improve the screening experience for its customers. The new lanes enable up to five customers to fill their individual bins simultaneously and move through the screening process more quickly, even if TSA agents need to perform additional screening on a customer further up the queue. The lanes also utilize a parallel conveyor system that automatically returns empty bins to the front of the queue.

United Airlines and United Express operate more than 4,500 flights a day to 339 airports across five continents. In 2015, United and United Express operated more than 1.5 million flights carrying more than 140 million customers.

High-Speed Rail, CENIC create California Broadband Communities

California High-Speed Rail Authority (Authority) and the Corporation for Education Networking Initiatives in California (CENIC) announced that they have entered into a Memorandum of Understanding that will foster initiatives to expand the availability and accessibility of high-capacity broadband to communities and institutions throughout California, the companies said.

As a part of the high-speed rail system corridor, the Authority and CENIC will create an ultra-fast broadband network, connecting into CENIC´s statewide research and education network, as well as to other public and private sector broadband networks.

The Authority and CENIC agree that to achieve these objectives, they will work together to develop a strategic plan that will include network design, deployment, economics, operation and management. Furthermore, the Authority and CENIC will engage parties from private, public, and governmental sectors in the planning process to effectively serve this diverse region.