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SOURCE Analysts Review
Editor Note: For more information about this release, please scroll to bottom
NEW YORK, July 4, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Textron Inc. (NYSE: TXT), MasTec, Inc. (NYSE: MTZ), SPX Corporation (NYSE: SPW), Rockwell Collins, Inc. (NYSE: COL) and OSI Systems, Inc. (NASDAQ: OSIS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4464-100free.
Textron Inc. Analyst Notes
On June 25, 2014, Cessna Aircraft Company-a subsidiary of Textron Aviation Inc, which is a Textron Inc. (Textron) company, announced that it has received Federal Aviation Administration certification of the Flight Into Known Icing (FIKI) system for the high-performance Cessna TTx propeller aircraft. According to the Company, the FIKI system helps extend the TTX's mission capabilities and also enable pilots to file flights plans for different weather conditions. The Company stated that the system can also provide up to two-and-a-half hours or protection from most ice attaching to the airframe, while ensuring minimal impact on the performance. Brian Steele, Business Leader, Cessna TTx said, "A TTx equipped with FIKI offers great value for customers, allowing their business and recreational plans to stay on schedule, even in some adverse weather conditions." The full analyst notes on Textron are available to download free of charge at:
MasTec, Inc. Analyst Notes
On June 30, 2014, MasTec, Inc. (MasTec) announced its acquisition of Pacer Construction Holdings Corporation and its affiliated operating Companies (Pacer). The Company stated that it acquired all of the issued and outstanding equity interests of Pacer for approximately $126 million in cash plus a 5-year contingent earn-out. According to the Company, Pacer employs approximately 1,600 employees and over 2,000 pieces of owned construction equipment, making it one of the largest infrastructure contractors in the Canadian oil sands. MasTec also announced that on June 25, 2014, it has amended its senior secured credit facility thus increasing its aggregate borrowing commitments from $750 million to $1 billion. According to the Company, the amendments increases the Company's capability to borrow in Mexican pesos in addition to Canadian dollars and increasing the amount that can be borrowed in these alternative currencies from $100 million to $200 million. The full analyst notes on MasTec are available to download free of charge at:
SPX Corporation Analyst Notes
On July 1, 2014, SPX Corporation (SPX) announced that its Flow and Food Beverage business has received an $18 million (AUD 19 million) worth contract from GrainCorp Foods. Under the contract, SPX will design and install new margarine processing system for GrainCorp using the key process equipment and components manufactured by the Company. According to the Company, the new processing facility will consist of an emulsion preparation area, feeding into four separate margarine production lines. SPX stated that in the facility, the automation and control system will be designed and managed by SPX's team in Denmark while all other mechanical and electrical installations will be managed by SPX's local Australian team in order to ensure that the project complies with local standards. The full analyst notes on SPX are available to download free of charge at:
Rockwell Collins, Inc. Analyst Notes
On June 30, 2014, the Board of Directors of Rockwell Collins, Inc. (Rockwell Collins) announced that its Director and Non-Executive Chairman, Clay Jones, will retire from his position on July 31, 2014. The Company added that Anthony Carbone, an independent Director and long-time member of the Board, will take over Jones' position as Non-Executive Chairman, with effect from August 1, 2014. According to the Company, Mr. Carbone has been a Director of Rockwell Collins since June 2001 and he currently serves as the lead independent Director and Chairman of the Compensation Committee and will continue to serve as Chairman of the Executive Committee. Mr. Carbone said, "We're grateful for the valuable leadership that Clay has provided to the Board of Directors over the past 12 years, during which time he successfully guided our company to a preeminent position in the aerospace and defense industry." The full analyst notes on Rockwell Collins are available to download free of charge at:
OSI Systems, Inc. Analyst Notes
On June 30, 2014, OSI Systems, Inc. (OSI Systems) announced that its Security division, Rapiscan Systems, has received an order for approximately $12 million from a U.S. government agency to perform ongoing maintenance and support services on many Rapiscan inspection platforms that includes the Eagle® M60 mobile high energy X-ray cargo and vehicle inspection system and 620DV- its dual view baggage and parcel inspection system. The full analyst notes on OSI Systems are available to download free of charge at:
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