$ORN said its Orion Marine Group was recently awarded a contract of approx. $10MM from the US Army Corps of Engineers to perform dredging services in the Matagorda Ship Channel. The project entails dredging work between Port O' Conner, Texas and Point Comfort, Texas. The project will begin at 2Q16-end with a duration of approx. 10 months.
For 2017, $ENDP expects US Generics base business revenue decline to be similar to 2016 or in the low 30% range. Generics segment sales are expected to decline in the high-single to low-double digit range. In US Generics business, $ENDP estimates to realize approx. $75MM in annual net savings and launch at least 20 products in 2017.
$EQIX agreed for the purchase of ICT-Center AG, Zurich's data center operating business in Zurich, Switzerland for less than $5MM. The agreement was signed on Feb. 1, 2017 and the acquisition is expected to close sometime in early April 2017.