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Honeywell Plans Spin-Off of Advanced Materials Unit to Unlock Shareholder Value
Following the path of industrial giants 3M (MMM, Financial) and GE Aerospace (GE, Financial), Honeywell (HON, Financial) is set to streamline its operations by spinning off business units that do not align with its long-term growth strategy. Honeywell announced plans to spin off its Advanced Materials business into a new publicly traded company by late 2025 or early 2026, aiming to enhance shareholder value.
Honeywell Plans Spinoff of Advanced Materials Unit
Honeywell (HON) shares are rising 3% in premarket trading after the conglomerate said it plans to spin off its Advanced Materials division as it joins its peers in pursuing a more focused strategy.
Lockheed's Unit Secures a Contract for Czech Republic's F-35 Integration
LMT's unit secures a $422.2 million contract to provide key services for the integration of Czech Republic into the F-35 Joint Strike Fighter program.
Apex Critical Metals Corp. Completes Private Placement of Flow-Though Units for Proceeds of $392,749.50
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESSWIRE / September 24, 2024 / Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF) ("Apex" or the "Company"), is pleased to announce that it has completed a non-brokered private placement (see the Company's news release dated July 5, 2024), by issuing a total of 604,230 flow-through units (each, a "FT Unit") at a price of $0.65 per FT Unit for aggregate gross proceeds of $392,749.50 (the "Offering"). Each FT Unit is comprised of one common share in the capital of the Company issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) and one common share purchase warrant (each, a "Warrant") issued on a non-flow-through basis.
Lockheed Martin's Unit Secures Contract for CH-53K Gearbox Assemblies
LMT's unit, Sikorsky Aircraft, secures an $84.26 million contract to supply eight gearbox assemblies for the CH-53K helicopters.
Stifel Financial Mulls Buying Wealth Management Unit From B. Riley
SF considers buying B.Riley's Wealth Management business for more than $100 million.
First Horizon Unit Penalized by SEC, to Pay $325,000 to Settle Charges
FHN's wealth management subsidiary to pay $325,000 to settle SEC charges related to violation of Reg BI policies.
BP To Divest Wind Unit In Effort To Enhance Competitiveness
British oil giant bp said Monday it plans to divest its suite of US onshore wind operations as part of its ongoing effort to simplify its business operations and become more competitive with peer companies like ExxonMobil and Chevron going forward. The company said in a release that it plans to sell all of its US projects as a single unit, adding it expects its entire wind-related workforce would move to the buyer along with the assets.
Nu Holdings: Arguably The Best Unit Economics In Public Markets
Nu Holdings has nearly doubled since my December 2023 article, and shares are up 80% YTD. The company's hyper-growth trajectory and still undemanding valuation make it a compelling investment opportunity even after the recent rise. Nu showcases extremely attractive unit economics, with low customer acquisition costs, compared to very high lifetime value.
Huntington Ingalls' Unit Delivers Its REMUS 620 UUVs to NOAA
HII has built and shipped its two REMUS 620 UUVs to NOAA for improved high-resolution ocean floor imaging.
Duke Energy's Unit Requests FPSC for Rate Cuts in January 2025
DUK's subsidiary requests FPSC to lower rates and decrease customer bills in January 2025. The company focuses on lowering rates and providing reliable services.
Safe Pro Group's Airborne Response Drone Unit Secures Second Contract Extension with Citizens Property Insurance for Urgent Response and Routine Aerial Services
Contract Renewal Extends Airborne Response's Support for Rapid Claims, Helping Citizens Property Insurance Deliver Improved Customer Service AVENTURA, FL / ACCESSWIRE / September 10, 2024 / Safe Pro Group Inc. (NASDAQ:SPAI) ("Safe Pro" or the "Company"), a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing for humanitarian mine-clearing efforts, today announced that its Mission Critical Unmanned Solutions® subsidiary, Airborne Response (Airborne), has received a one-year aerial services contract extension from Citizens Property Insurance Corporation ("Citizens"). Citizens was created by the Florida Legislature in August 2002 as a not-for-profit, tax-exempt, government entity.
