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Feb 19, 2015

Airshow – Russia confident it can sign fighter jet deal with India in 2015

BENGALURU (Reuters) – Russia is confident it can sign a long-delayed final agreement with India this year to jointly produce a new generation stealth fighter jet, the aircraft manufacturer’s president said on Thursday.

Russia and India have been haggling over the terms of the Fifth Generation Fighter Aircraft (FGFA) programme since the two countries first signed an initial contract in 2010.

Feb 19, 2015

Russia confident it can sign fighter jet deal with India in 2015

BENGALURU, Feb 19 (Reuters) – Russia is confident it can
sign a long-delayed final agreement with India this year to
jointly produce a new generation stealth fighter jet, the
aircraft manufacturer’s president said on Thursday.

Russia and India have been haggling over the terms of the
Fifth Generation Fighter Aircraft (FGFA) programme since the two
countries first signed an initial contract in 2010.

Feb 19, 2015

Sikorsky willing to supply VVIP helicopters to India

By Sweta Singh and Sagarika Jaisinghani

BENGALURU(Reuters) – Sikorsky Aircraft Corp, a unit of United Technologies Corp (UTX.N: Quote, Profile, Research), is keen to sell VVIP transport helicopters to the Indian government, a company executive told Reuters.

India cancelled a $770 million deal for 12 VVIP helicopters – used to carry high-ranking officials – with Italian defence group Finmeccanica’s (SIFI.MI: Quote, Profile, Research) AgustaWestland unit last year over a corruption scandal.

Feb 18, 2015

India to decide on Rafale fighter jet deal only after March

BENGALURU, INDIA (Reuters) – India will decide on the fate of a long-delayed deal for 126 Dassault(AVMD.PA: Quote, Profile, Research) Rafale fighter jets only after March, Defence Minister Manohar Parrikar said on Wednesday.

The ministry’s Contract Negotiations Committee (CNC) should report back by early March, Parrikar told a media conference at the Aero India airshow in Bengaluru.

Feb 17, 2015

Starwood Hotels CEO Frits van Paasschen resigns

Feb 17 (Reuters) – Starwood Hotels & Resorts Worldwide Inc
said Chief Executive Frits van Paasschen had stepped
down, a week after the hotel operator announced the spinoff of
its timeshare business.

Starwood, the owner of the St. Regis and Sheraton hotel
brands, named Director Adam Aron, 60, as interim CEO and said it
was looking internally and externally for a permanent CEO.

Feb 9, 2015

XPO Logistics buys home delivery company to tap e-commerce boom

By Sagarika Jaisinghani

(Reuters) – XPO Logistics Inc (XPO.N: Quote, Profile, Research) has bought home delivery company UX Specialized Logistics for $59 million in cash to tap into the booming e-commerce market in North America.

XPO estimates “last mile” delivery services, which involve transporting goods from warehouses to either a home or a retailer, to be a $13 billion market in North America.

Feb 5, 2015

Drinks can maker Ball in talks to buy UK rival Rexam

By Esha Vaish and Sagarika Jaisinghani

(Reuters) – British drinks can maker Rexam Plc (REX.L: Quote, Profile, Research) said it is in talks to be bought by U.S. rival Ball Corp (BLL.N: Quote, Profile, Research) for 4.3 billion pounds ($6.6 billion), a deal that would form an industry giant better equipped to withstand rising aluminum costs.

Rexam said it had received a proposal from Broomfield, Colorado-based Ball valuing it at 610 pence per share. Rexam’s London-traded shares closed significantly lower, at 541.5 pence.

Feb 3, 2015

Eaton shares jump as higher margins help profit top views

Feb 3 (Reuters) – U.S. diversified manufacturer Eaton Corp
Plc posted higher-than-expected quarterly profit on
Tuesday helped by higher margins, sending its shares up more
than 8 percent.

The maker of electrical and power products reported that its
overall segment profit margin for the fourth quarter rose to
15.9 percent from 14.6 percent a year ago.

Jan 29, 2015

Northrop Grumman expects international markets to drive growth

Jan 29 (Reuters) – Northrop Grumman Corp, maker of
Global Hawk surveillance planes, forecast 2015 earnings above
analysts’ estimates as the company increases its exposure to
international markets in the face of declining U.S. defense
spending.

Northrop’s shares rose as much as 4 percent after the U.S.
weapons maker also reported better-than-expected fourth-quarter
results and said order backlog increased 3 percent.

Jan 29, 2015

Raytheon’s revenue, margin forecasts disappoint, shares fall

Jan 29 (Reuters) – U.S. weapons maker Raytheon Co on
Thursday forecast 2015 revenue largely below average analyst
expectations as orders fell, and said profit margins would drop
further to just over 12 percent, sending its shares down 5
percent.

The maker of the Tomahawk missile and the Patriot missile
defense system said it expected revenue to grow modestly in
2016, with further growth seen in subsequent years.

    • About Sagarika

      "Sagarika Jaisinghani leads a team that reports on publicly listed small- and mid-cap manufacturing companies in the United States. She is based in Bangalore, where she has covered U.S. homebuilders, auto parts makers, for-profit education providers and transport companies. She has a Master’s degree in international journalism from Cardiff University and has lived in London, Wales and Bangalore. She spends most of her spare time pampering her five-year old Beagle, Arrow."
      Joined Reuters:
      January 2012
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