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Globaline
Weekly publication of the most up-to-date global news on your customers and competitors. Available only to AMT members.
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Spartan Motors Awarded $56.4 Million Contract by BAE Systems
May 9, 2008 -- Spartan Chassis, Inc., a subsidiary of Spartan Motors, Inc. (SPAR), has been awarded a subcontract order from defense contractor BAE Systems worth approximately $56.4 million to support the production of advanced tactical vehicles under the Mine Resistant Ambush Protected, or MRAP, program.
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Doosan Heavy Wins $240 Million Power Equipment Deal
May 8, 2008 -- Doosan Heavy Industries & Construction Co., South Korea's largest maker of power equipment, said Thursday that it has won a deal valued at $240 million to supply power plant-related equipment to a U.S. firm.
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Lockheed Lands Singapore Deal
May 8, 2008 -- Lockheed Martin Corp.'s Orlando missiles unit has landed a multimillion-dollar deal to build advanced weapons targeting systems for Singapore's fleet of F-16 fighter jets, the company said Wednesday.
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Hardinge Reports Results for First Quarter 2008
May 8, 2008 -- Hardinge Inc., a leading international provider of advanced material-cutting solutions, today reported net sales of $85.6 million for the first quarter of 2008, a decrease of 2% compared to $87 million of net sales in the first quarter of 2007.
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German BSH Hikes 2007 Profit to €637 Million
May 7, 2008 -- German household appliances maker Bosch-Siemens Hausgeraete GmbH (BSH) saw its pretax profit rise 17.5 pct year-on-year to a record-high of €637 mln in 2007, the company announced on May 7, 2008.
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EP Manufacturing in Deal with Robert Bosch
May 7, 2008 -- EP Manufacturing has teamed up with Germany's Robert Bosch GmbH to supply 150,000 sets of starter motors and alternators per year for two global carmakers operating in Thailand.
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Subsidiary Acquires Champion Parts Assets
May 6, 2008 -- Subsidiary Acquires Champion Parts Assets Cash Technologies, Inc. ("Cash Tech") announced that its CPI Holdings, LLC subsidiary has completed its acquisition of certain assets of Champion Parts, Inc. from PNC Business Credit, Inc. for $2.97 million which have a book value of approximately $12.1 million.
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