Textron Reaches Agreement to Sell Fluid & Power Unit to Clyde Blowers for up to $645 Million

In a significant move, further advancing its portfolio strategy, Textron Inc. announced that it has reached a definitive agreement to sell its Fluid & Power business unit to Clyde Blowers Limited, a UK-based worldwide leader in the areas of power, materials handling, intermodal transport and logistics and pump technologies, for up to approximately... 

Capstone Turbine Signs Agreement to Supply Its Proprietary Air Bearing Technology to Barber-Nichols

Capstone Turbine Corporation, the world’s leading clean technology manufacturer of microturbine energy systems, announced today that it has signed a supply agreement with Barber-Nichols, Inc. for Capstone’s air bearing technology for use in non-competitive equipment manufactured and sold by Barber-Nichols. Under the terms of the agreement Capstone... 

Bristow Group Announces Agreement to Sell Aircraft

Bristow Group Inc., a leading provider of helicopter services to the offshore energy industry, today announced it has executed an agreement to sell 53 single-engine aircraft and related assets operating in the U.S. Gulf of Mexico to Rotorcraft Leasing Company, L.L.C. for $65 million. The sale is anticipated to result in a pre-tax gain of roughly $40...