In Europe, Africa and CIS, $HAL's 4Q16 revenue fell 9%, with a decrease in operating income of 5%. Conversely, in the Middle East, Asia region revenue rose 10%, with a increase in operating income of 32%.
$OA has been awarded a $50MM order from the U.S. government to supply non-U.S. standard ammunition (NSA) for the Department of Defense in support of international allies. $OA received the order under the Indefinite Delivery/Indefinite Quantity and Basic Ordering Agreement contracts.
Regionally, $HAL's North America revenue in 4Q16 rose 9%, with operating margins improving by about 550 BP. Latin American revenue rose by 3% in the quarter, with operating income nearly tripling for the quarter, helped by increased activity levels in Colombia and Argentina and year-end software sales and consulting in Venezuela and Mexico.
$MAR opened a record 55,000 rooms in 2016, excluding the 381,000
rooms gained with the Starwood acquisition.
The combined company signed 880 new hotel deals, representing nearly
136,000 rooms, under long-term management and franchise agreements, and opened
over 400 hotels with more than 68,000 rooms around the world.