$MTRN (Materion Corporation)

$MTRN {{ '2015-12-21T14:57:14+0000' | timeago}} • Announcement

Mayfield Heights, Ohio-based $MTRN said it entered into an amendment to its $375MM credit agreement on Dec. 18, 2015. According to the amendment, the maturity date of the credit agreement is pushed to Dec. 18, 2020 from June 20, 2018. The amended agreement also offers favorable pricing.

$KAMN {{ '2018-01-16T17:22:14+0000' | timeago}} • Announcement

$KAMN said its Aerospace segment received a contract modification in excess of $17MM for the procurement of Joint Programmable Fuzes. The award is an additional order under Option 13 of the JPF contract with the US Air Force. The modification increases the total value of Option 13 to more than $102MM, all of which was in backlog at Dec. 31, 2017.

$PX {{ '2018-01-16T15:26:54+0000' | timeago}} • Announcement

$PX expanded its long-term hydrogen supply agreement with Motiva Enterprises LLC. $PX will increase the amount of hydrogen it supplies to Motiva's about 600,000 barrel per day refinery in Port Arthur, Texas. This agreement secures the additional hydrogen required to support that expansion, as well as the ongoing needs of the refinery.

$KMT {{ '2018-01-16T13:41:17+0000' | timeago}} • Announcement

$KMT said that effective Jan. 16, 2018, Peter Dragich will become the company's VP of the Industrial business. Additionally, Ron Port will become the company's VP and President of the Infrastructure business segment with global responsibility for the company's advanced materials, earth cutting tools, engineering components and ceramics business.

$X {{ '2018-01-12T20:06:34+0000' | timeago}} • Announcement

With regard to completion of Department of Commerce's investigation, $X encourages President Trump to take swift and decisive action. "Our Nation cannot afford to allow the continued rise of foreign imports that undermine America's capacity to produce the steel necessary for our country's national and economic security," the company stated.

$ATI {{ '2018-01-11T15:18:46+0000' | timeago}} • Announcement

$ATI signed two new Long-Term Pricing Agreements (LTPAs) with $GD Land Systems to be the preferred supplier of titanium plate for the Abrams tank (United States) and the AJAX specialist vehicle (United Kingdom). The Abrams LTPA runs through 2019 while the AJAX LTPA runs through 2021.

$KAMN {{ '2018-01-10T19:21:07+0000' | timeago}} • Announcement

$KAMN announced that Rebecca F. Stath has been appointed to serve as Assistant Vice President, SEC Compliance and External Reporting, reporting to John J. Tedone, Vice President, Finance and Chief Accounting Officer.

$KAMN {{ '2018-01-10T19:16:01+0000' | timeago}} • Announcement

$KAMN announced that Amanda N. Balboni has been appointed to serve as Assistant Vice President, Internal Audit. Ms. Balboni has previously worked at Coburn Technologies, Stanley Black & Decker and PricewaterhouseCoopers.

$MSA {{ '2018-01-09T19:42:03+0000' | timeago}} • Announcement

$MSA BoD declared 1Q18 dividend of 35 cents per share on common stock. The dividend is payable March 10, 2018 to shareholders of record on February 14, 2018.

$AIT {{ '2018-01-09T14:46:20+0000' | timeago}} • Announcement

$AIT has agreed to acquire FCX Performance, Inc. for approx. $768MM. The deal is expected to close within 30 days. The acquisition is expected to contribute about $550MM in sales and $68MM in EBITDA in the first 12 months of applied ownership. The deal is expected to be accretive in FY19 after recognition of one-time transaction costs in FY18.

$EMN {{ '2017-12-27T14:20:06+0000' | timeago}} • Announcement

$EMN announced the mechanical completion of its coal gasification plant and that it is currently in the process of restarting. The restart is expected to enable full production of acetyls chemicals and derivatives in early 2018.

$NOC {{ '2017-12-21T14:52:32+0000' | timeago}} • Announcement

$NOC appointed Yolanda Murphy as VP of communications for its Technology Services sector, succeeding Alleace Gibbs, who will now serve as VP of communications for its Mission Systems sector, effective Jan. 1, 2018. Murphy will become a new member of Northrop Grumman's Communications Council. Gibbs will remain a member of that leadership group.

$PH {{ '2017-12-19T12:29:08+0000' | timeago}} • Announcement

Tech firm $PH said the US Department of Justice has filed a final judgment in the Delaware Court, seeking approval of settlement in a complaint regarding the company’s qualified aviation ground fuel filtration business. As per the terms, Parker will divest the Facet filtration unit, which was part of the CLARCOR businesses it had acquired earlier.

$KMT {{ '2017-12-15T15:54:55+0000' | timeago}} • Announcement

Engineering company $KMT has named Joseph Alvarado to its board of directors, effective January 1, 2018. Alvarado is slated to retire as chairman of Commercial Metals Company next month. He joined Commercial Metals in April 2010 as EVP and COO, and went on to become President and COO in April 2011.

$MSA {{ '2017-12-14T15:07:35+0000' | timeago}} • Announcement

$MSA's BoD has elected Nishan J. Vartanian as a director of the company. Mr. Vartanian currently serves as President and COO. His election is part of a planned management succession, and coincides with an announcement made by Chairman and CEO William M. Lambert that he intends to retire as CEO in May of 2018.

$NVR {{ '2017-12-12T22:31:34+0000' | timeago}} • Announcement

$NVR announced that its BoD has authorized the repurchase of $300MM of its outstanding common stock. The purchases will occur from time to time in the open market and/or in privately negotiated transactions as market conditions permit.

$JCI {{ '2017-12-11T16:43:09+0000' | timeago}} • Announcement

$JCI's BoD appointed John Young to serve as a director. Young is currently group president of $PFE Essential Health. Effective Jan. 1, 2018, he will become group president of Pfizer Innovative Health, which comprises six business groups focused on improving health through innovative products covering every stage of life.

$IVC {{ '2017-12-08T13:18:08+0000' | timeago}} • Announcement

$IVC announced a reduction in force in North America that is expected to generate approx. $8.5MM in annualized pretax savings. The company expects to incur total restructuring charges in 4Q17 of approx. $2.6MM on a pretax basis, principally in the NA/HME segment and to a lesser extent in the Institutional Products Group segment.

$EMN {{ '2017-12-08T12:24:36+0000' | timeago}} • Announcement

$EMN has declared a quarterly cash dividend of $0.56 per share on its common stock. The dividend is payable on January 5, 2018, to stockholders of record on December 18, 2017.

$JCI {{ '2017-12-07T17:40:30+0000' | timeago}} • Announcement

$JCI's BoD approved an incremental $1Bil increase to its share repurchase authorization. The company has about $200MM of availability under its previously announced $1Bil share repurchase authorization.

$NOC {{ '2017-12-07T14:20:53+0000' | timeago}} • Announcement

$NOC received a request for additional information from the Federal Trade Commission (FTC). This second request is part of the regulatory process in connection with the FTC’s review of $NOC's proposed acquisition of $OA. The company continues to expect the acquisition to close in 1H18.

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