Boeing Wins Defense Department Contract Modification

Boeing Wins Defense Department Contract Modification

Boeing has been awarded a $17.4 million modification to a previously awarded contract for sustaining engineering and program management support for an intercontinental ballistic missile guidance subsystem, the U.S. Department of Defense said in a notice on its web site. The Defense Department said the contract modification is for engineering and manufacturing development and production of a pendulous integrating gyroscopic accelerometer. Work is expected to be completed by Oct. 31, […]

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Heritage Insurance Holdings to Offer Convertible Senior Notes

Heritage Insurance Holdings to Offer Convertible Senior Notes

Heritage Insurance Holdings said it will offer $125 million aggregate principal amount of convertible senior notes due 2037 in a private offering to qualified institutional buyers. The company also said it expects to grant the initial purchaser for the offering a 30-day option to purchase up to an additional nearly $18.8 million aggregate principal amount of notes. Heritage said it will use the net proceeds from the sale of the […]

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Oshkosh Posts Fiscal Q3 Beat

Oshkosh Posts Fiscal Q3 Beat

Oshkosh, a manufacturer of specialty vehicles, reported fiscal Q3 adjusted EPS of $1.84 per share, handily beating the Capital IQ consensus of $1.37 per share. Reported EPS for the quarter ended June 30 was $1.69 per share, up from $1.13 per share in the year-ago quarter. Shares of Oshkosh were up 4.8% in pre-market trading. Revenues were $2.04 billion, up from $1.75 billion in the year-ago quarter, and ahead of […]

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Medigus Signs Distribution Agreement With Admedics

Medigus Signs Distribution Agreement With Admedics

Medigus, an Israeli medical device company, signed a distribution agreement in Switzerland and Liechtenstein with Admedics, a distributor of minimally invasive medical devices. The sale agreement took effect July 1, the company said on Wednesday. Admedics will be required to purchase a minimum of EUR1.8 million ($2.1 million) of the Medigus Ultrasonic Surgical Endostapler equipment, used to treat gastroesophageal reflux disease patients, over the course of the five-year agreement. The […]

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Crestwood Equity Partners Extends Exchange Offer

Crestwood Equity Partners Extends Exchange Offer

Crestwood Equity Partners LP, an owner and operator of midstream assets, has extended the expiration date of its offer to exchange up to $500 million of new 5.75% senior notes due 2025 for an equal amount of outstanding unregistered 5.75% senior notes due 2025. As a result of the extension, the exchange offer is now scheduled to expire at 5:00 p.m., New York City time, on July 21, unless further […]

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