Extended Contracts, Board Appointments, Acquisitions, and New Share Repurchase Programs - Analyst Notes on Huntington Ingalls, FLIR, TransDigm, Triumph Group, and DigitalGlobe
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NEW YORK, March 11, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Huntington Ingalls Industries, Inc. (NYSE: HII), FLIR Systems, Inc. (NASDAQ: FLIR), TransDigm Group Incorporated (NYSE: TDG), Triumph Group, Inc. (NYSE: TGI), and DigitalGlobe, Inc. (NYSE: DGI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Huntington Ingalls Industries, Inc. Analyst Notes
On March 4, 2014, Huntington Ingalls Industries, Inc. (Huntington Ingalls) announced that its Newport News Shipbuilding division has received a $1.3 billion extension to a previously awarded construction preparation contract for the aircraft carrier John F. Kennedy (CVN 79). According to the Company, the contract extension enables Newport News to complete an additional 343 structural units and purchase the majority of the remaining material for the ship, including items such as valves, controllers, pumps, and raw materials. Mike Shawcross, Newport News' Vice President, CVN 79 construction, stated, "This additional funding helps us maintain our positive momentum with savings initiatives and pre-construction in advance of the construction contract that is expected later this year." The full analyst notes on Huntington Ingalls Industries, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03112014/HII/report.pdf
FLIR Systems, Inc. Analyst Notes
On March 6, 2014, FLIR Systems, Inc. (FLIR) announced that Cathy Stauffer and Catherine A. Halligan have been elected to its Board of Directors, with immediate effect. According to FLIR, Ms. Halligan has served as an independent director and Audit Committee member with Ulta Beauty since January 2012, while Ms. Stauffer has owned and operated her own consulting company since 2005. Commenting on the elections, Earl R. Lewis, Chairman of the Board of FLIR, said, "With over five decades of executive marketing experience between them, these talented individuals bring to our Board a remarkable range of brand management expertise, strategic marketing, and omni-channel business capabilities, with particular focus in the consumer electronics industry. We are confident that Cathy and Cathy will be great resources for FLIR Systems and its shareholders." The full analyst notes on FLIR Systems, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03112014/FLIR/report.pdf
TransDigm Group Incorporated Analyst Notes
On March 6, 2014, TransDigm Group Incorporated (TransDigm) announced that it has completed the acquisition of Elektro-Metall Export GmbH (EME), for approximately $47.4 million, made up of $40.3 million in cash plus the assumption of approximately $7.1 million of net indebtedness. Talking about the acquisition, W. Nicholas Howley, Chairman and CEO of TransDigm, stated, "EME is a long standing European manufacturer of proprietary products with established positions on every Airbus commercial transport platform, strong and growing aftermarket content and a great reputation. The highly engineered products will allow us to expand our content on a number of substantial platforms. EME will be the fourth TransDigm operating unit in Western Europe and as with all TransDigm acquisitions, we see significant value creation opportunities through our proven value creation methodology." The full analyst notes on TransDigm Group Incorporated are available to download free of charge at:
http://www.AnalystsReview.com/03112014/TDG/report.pdf
Triumph Group, Inc. Analyst Notes
On February 25, 2014, Triumph Group, Inc. (Triumph Group) announced that its Board of Directors has authorized a new 5.0 million share repurchase program. Under the new program, the Company stated that it may repurchase shares from time to time for cash in open market transactions or by other means in accordance with applicable federal securities laws. Triumph Group also stated that it has 500,200 shares remaining on its prior February 2008 authorization, bringing the total amount authorized for repurchases to 5.5 million shares. "We believe that proper capital allocation is essential to meeting our long term strategic goals. Although our focus will remain strategic acquisitions and key program investments that will allow us to grow our company while maintaining a strong balance sheet, this authorization will enable us to take opportunities when the time is right to appropriately return capital to our shareholders," said Jeffry D. Frisby, Triumph Group's President and CEO. The full analyst notes on Triumph Group, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03112014/TGI/report.pdf
DigitalGlobe, Inc. Analyst Notes
On February 26, 2014, DigitalGlobe, Inc. (DigitalGlobe) announced that it has acquired Spatial Energy, a leading source for digital imagery and related services to the energy industry. According to DigitalGlobe, Spatial Energy helps energy companies reduce the cost, time and effort associated with acquiring and analyzing complex geospatial information, and enable its customers with its robust geospatial solutions to more effectively manage their workflows throughout the exploration and production lifecycle. Jeffrey R. Tarr, DigitalGlobe CEO, explained, "Spatial Energy's powerful cloud-based solution streamlines the process of acquiring and analyzing complex geospatial information and aligns with our goal of delivering insight that answers vital questions for our customers. In addition, Spatial Energy provides DigitalGlobe with a talented, global sales force in the oil and gas vertical, positioning us closer to end customers in this dynamic industry." Financial terms of the transaction were undisclosed. The full analyst notes on DigitalGlobe, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03112014/DGI/report.pdf
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