$LCI announced that the company voluntarily made a $75MM payment
against its existing revolving credit facility. This payment will save $LCI approximately
$4.1MM in annualized cash interest expense, at current rates.
$HAL said that for 2017, the company expects CapEx to be $1Bil, which includes reactivating cold-stacked pressure pumping equipment and continuous conversion of the hydraulic fracturing fleet to Q10 Pumps to support the company's surface efficiency strategy. The company also expects D&A to be about $1.4Bil for 2017.
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.