logo
F-35 Pilot Outfitter Survitec Weighs Unit Sale in Defense Boom

F-35 Pilot Outfitter Survitec Weighs Unit Sale in Defense Boom

Bloomberg24-03-2025
Searchlight Capital Partners is exploring a sale of Survitec 's aerospace and defense business, which provides safety and survival equipment including for F-35 fighter pilots, according to people familiar with the matter.
The buyout firm is working with Houlihan Lokey Inc. to gauge buyer interest in the Survitec unit from companies and financial investors, said the people, who asked not to be identified because talks are private.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

RTX awarded $115.08M Navy contract modification
RTX awarded $115.08M Navy contract modification

Business Insider

time17 hours ago

  • Business Insider

RTX awarded $115.08M Navy contract modification

RTX (RTX) was awarded a $115.08M contract modification to the previously awarded firm-fixed-price, cost-plus-incentive-fee and fixed-price incentive Lot 19 contract. This modification adds scope to procure long-lead time materials for the future production and delivery of F135 propulsion systems for the F-35 in support of the Joint Strike Fighter program for the Air Force, Marine Corps, Navy, F-35 Cooperative Program Partners, and Foreign Military Sales (FMS) customers. Work is expected to be completed in February 2028. The Naval Air Systems Command is the contracting activity. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Credicorp Ltd.: Credicorp's Earnings Release and Conference Call 2Q25
Credicorp Ltd.: Credicorp's Earnings Release and Conference Call 2Q25

Business Upturn

time20 hours ago

  • Business Upturn

Credicorp Ltd.: Credicorp's Earnings Release and Conference Call 2Q25

By GlobeNewswire Published on August 2, 2025, 01:15 IST Lima, Aug. 01, 2025 (GLOBE NEWSWIRE) — Lima, PERU, August 1st, 2025 – Credicorp Ltd. announces to its shareholders and the market that its 2Q25 Earnings Release Report will be released on Thursday, August 14th, 2025, after market close. Credicorp's Webcast / Conference Call to discuss such results will be held on Friday, August 15th, 2025, at 10:30 a.m. ET (9:30 a.m. Lima, Peru time). The call will be hosted by: Gianfranco Ferrari – Chief Executive Officer, – Alejandro Perez Reyes – Chief Financial Officer, Francesca Raffo – Chief Innovation Officer, Cesar Rios – Chief Risk Officer, Diego Cavero – Head of Universal Banking, Cesar Rivera – Head of Insurance and Pensions, Rocio Benavides – Mibanco CFO and Investor Relations Team. We encourage participants to pre-register for the listen-only webcast presentation using the following link: Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. Those unable to pre-register may dial in by calling: Participant dial-in (toll-free): 1 844 435 0321 Participant international dial-in: 1 412 317 5615Participant Web Phone: Click Here Conference ID: Credicorp Conference Call The webcast will be archived for one year on our investor relations website at: Credicorp reminds you that we filed our Annual Report on Form 20-F for the fiscal year ended December 31st, 2024 (2024 Form 20-F) with the Securities and Exchange Commission on April 25th, 2025. The 2024 Form 20-F includes audited consolidated financial statements of Credicorp and its subsidiaries as of December 31st, 2022, 2023 and 2024 under IFRS. Our 2024 Form 20- F can be downloaded from Credicorp's website : Holders of Credicorp's securities and any other interested parties may request a hard copy of our 2024 Form 20-F, free of charge, by filling out the form located on the link 'mail request' on Credicorp's website. About Credicorp Credicorp (NYSE: BAP) is the leading financial services holding company in Peru with presence in Chile, Colombia, Bolivia, and Panama. Credicorp has a diversified business portfolio organized into four lines of business: Universal Banking, through Banco de Crédito del Peru ('BCP') and Banco de Crédito de Bolivia; Microfinance, through Mibanco in Peru and Colombia; Insurance & Pension Funds, through Grupo Pacifico and Prima AFP; and Investment Management & Advisory, through Credicorp Capital, Wealth Management at BCP and ASB Bank Corp. Credicorp has a presence in Peru, Chile, Colombia, Bolivia, and Panama. For further information, please contact the IR team: [email protected] Investor Relations Credicorp Ltd. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.

Ford Reports Strong Results, Reinstates Outlook on Tariff Impact
Ford Reports Strong Results, Reinstates Outlook on Tariff Impact

Yahoo

timea day ago

  • Yahoo

Ford Reports Strong Results, Reinstates Outlook on Tariff Impact

Key Takeaways Ford exceeded earnings and revenue forecasts as its commercial vehicle unit posted strong sales. The automaker reinstated its 2025 guidance after suspending it in May because of tariff uncertainty. Ford now sees tariffs will cost $2 billion this year, up from its previous estimate of $1.5 Motor (F) shares advanced modestly as the automaker posted better-than-expected results, although it lowered its guidance as it sees tariff impacts to be greater than previously thought. Ford reported second-quarter adjusted earnings per share (EPS) of $0.37, with revenue growing 5% year-over-year to $50.18 billion. Both exceeded Visible Alpha estimates. The results were driven by an 11% increase in sales to $18.8 billion at Ford Pro, its commercial vehicle division. Sales at its electric vehicle segment, Ford Model e, jumped 184% to $2.4 billion. However, sales at the Ford Blue unit, which includes internal combustion engine vehicles such as its popular F-Series trucks, Bronco, and Mustang, were down 3% to $25.8 billion. CFO Sherry House said the management was "remaking Ford into a higher-growth, higher-margin and more durable business—and allocating capital where we can compete, win and grow." However, the company noted that it anticipates the full-year costs of tariffs will be $3 billion, although it said mitigation efforts will reduce that effect by $1 billion. In its Q1 report, it explained that it was looking for $2.5 billion in tariff expenses with a $1 billion offset. At that time, it said that because of tariff uncertainty, it was withdrawing its previous 2025 outlook of adjusted EBIT of $7.0 billion to $8.5 billion. Ford now is looking for adjusted EBIT of $6.5 billion to $7.5 billion. Shares of Ford Motor, which rose 1.5% in recent trading, are up about 11% this year. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store