New Contracts, Recognitions, and Strategic Acquisitions - Research Report on FLIR, L-3, Spirit AeroSystems, Rockwell Collins, and Triumph Group
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NEW YORK, August 29, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting FLIR Systems, Inc. (NASDAQ: FLIR), L-3 Communications Holdings Inc. (NYSE: LLL), Spirit AeroSystems Holdings Inc. (NYSE: SPR), Rockwell Collins Inc. (NYSE: COL), and Triumph Group, Inc. (NYSE: TGI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
FLIR Systems, Inc. Research Report
On August 12, 2013, FLIR Systems, Inc. (FLIR) announced the acquisition of certain assets of DigitalOptics Corp.'s micro-optics business for a consideration of $14.9 million. According to the Company, the purchase deal encompasses fabrication equipment and more than 200 patents and pending applications associated with the design and production of complex optical surfaces, substrates, and low cost components. "Bringing this low cost wafer scale micro-optics technology to our operations provides us significant capability and cost advantages as we move into high-volume markets for thermal imaging," said Andy Teich, President and CEO of FLIR. "We look forward to adding these proprietary processes, manufacturing capabilities, and experienced engineering and production personnel to FLIR." The Full Research Report on FLIR Systems, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/335f_FLIR]
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L-3 Communications Holdings Inc. Research Report
On August 15, 2013, L-3 Communications Holdings Inc. (L-3 Communications) announced that its MAS division has bagged a five-year contract from the Government of Canada to provide complete in-service support (ISS) services for the country's fleet of CC-150 aircraft. According to the Company, the contract carries two five-year option periods and has a potential value of $669 million. John McNellis, President of L-3 Communication's Integrated Systems Group, commented, "We are honored to be selected by the Canadian government to continue supporting the CC-150 Polaris fleet and its strategically important mission. This award is very significant to L-3, as we continue to expand our platform and logistics solutions capabilities internationally. It also provides additional diversity to our impressive Canadian military ISS business base, which already includes fighters, trainers and helicopters." The Full Research Report on L-3 Communications Holdings Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/fc3c_LLL]
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Spirit AeroSystems Holdings Inc Research Report
On August 22, 2013, Spirit AeroSystems, Inc. (Spirit Aero) announced that its Aftermarket Customer Support (ACS) division has been recognized with the High Performing Partner Award by Cathay Pacific Airways (CPA). According to the Company, it had a contractual agreement with CPA to provide overhaul, repair, and modification services for CPA's fleet of 777 Trent 800 thrust reversers. Patrick Low Inn Loong, Procurement Manager at CPA, stated, "Spirit AeroSystems Aftermarket Customer Support was selected for delivering consistent, high performance in support of our Trent 800 program." Mike Williams, VP/GM of Spirit Aero, said, "Cathay Pacific is a key customer to Spirit's Aftermarket segment. We are very pleased to receive this award based on our customer's high service standards." The Full Research Report on Spirit AeroSystems Holdings Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/ed38_SPR]
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Rockwell Collins Inc. Research Report
On August 11, 2013, Rockwell Collins Inc. (Rockwell Collins) announced that it has entered into a definitive agreement to acquire The Carlyle Group's ARINC Inc., a leader in communications and information processing solutions for the commercial aviation industry, for a consideration of $1.39 billion. According to the Company, when completed, the deal would combine ARINC's trusted networks and services with the industry leading avionics and cabin technologies developed by Rockwell Collins. "Strategically, this acquisition is a natural fit for Rockwell Collins," said Kelly Ortberg, Rockwell Collins' CEO and President. "It accelerates our strategy to develop comprehensive information management solutions by building on our existing information-enabled products and systems and ARINC's ground-based networks and services to further expand our opportunities beyond the aircraft." The Full Research Report on Rockwell Collins Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8aa7_COL]
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Triumph Group, Inc. Research Report
On August 15, 2013, Triumph Group Inc. (Triumph) announced that it has entered into a definitive agreement to acquire General Donlee Canada Inc., a leading manufacturer of flight critical complex machined components, for $110 million in cash. According to the Company, the transaction, which is expected to be completed in Q3 FY 2014, subject to customary closing conditions, will add $60 million in annual revenue of Triumph. Jeffry D. Frisby, Triumph's President and CEO, said, "The acquisition of General Donlee will add a strong position in engine and main rotor shafts to our product capabilities. The proprietary manufacturing methods and technological know-how of the workforce positions the company well as the preferred supplier on many of its products. In addition, the acquisition will enhance our ties to existing customers as well as further diversifying our customer base. We are pleased that the management team will remain at Triumph to continue to deliver exceptional value to their customers." The Full Research Report on Triumph Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/a475_TGI]
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