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Woodward completes acquisition of Safran's NA electromechanical business

Woodward completes acquisition of Safran's NA electromechanical business

Yahoo3 days ago
Woodward (WWD) has completed its acquisition of Safran's Electronics & Defense electromechanical actuation business based in the United States, Mexico, and Canada.The acquisition, first announced in December 2024, includes intellectual property, operations assets, talent, and long-term customer agreements, including those for Horizontal Stabilizer Trim Actuation systems for aircraft stabilization to support safe and efficient flight, notably used for the Airbus A350. The A350 HSTA, a key product within the acquired portfolio, represents one of the most advanced electromechanical control technologies in large commercial aviation. The transaction also includes other electromechanical products and electronic control units with a portfolio of commercial and business aircraft applications. Teams will now work to ensure the integration process supports an efficient transition for team members and for customers. This acquisition was made in the ordinary course of business. It is not financially material, and therefore the financial terms of the transaction are not disclosed at this time. Additional information, if any, will be disclosed in upcoming periodic reports, in compliance with applicable rules.
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Woodward price target raised to $294 from $267 at Truist
Woodward price target raised to $320 from $291 at Deutsche Bank
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Woodward price target raised to $267 from $232 at Truist
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N.B. tariff aid largely untapped as Trump deadline looms
N.B. tariff aid largely untapped as Trump deadline looms

Yahoo

time17 minutes ago

  • Yahoo

N.B. tariff aid largely untapped as Trump deadline looms

New Brunswick's tariff response plan, announced back in March, has seen few requests for help from businesses or communities, despite warnings about the province's precarious position, with more than 90 per cent of exports destined for the United States. For example, two emergency tariff funds, set aside for labour adjustments and impacted communities, have had no takers, except for Campobello Island, which got $186,000 for an early start to its summer ferry service. As for Saint John, identified as Canada's most vulnerable city, private investment appears to be booming, from development on the waterfront, to mammoth investments at the refinery and the west side pulp mill. Port Saint John says it's on track to have the most growth, ever. | Why early fears of Trump tariffs have yet to be realized: Economist Herb Emery says this is because the worst harm from tariffs and tariff uncertainty has yet to materialize and may not become apparent for another year or two or more. 'We're in kind of a weird window, where the full tariff impact hasn't hit yet," Emery said. "But it is starting to impact decision-making. Do you build your next plant in the United States or do you try to expand in New Brunswick?" Aug. 1 deadline looming Premier Susan Holt says the push is on to get the best deal for Canada ahead of an Aug. 1 deadline set by U.S. President Donald Trump. Without one, Trump has threatened to push a tariff on imports from Canada to 35 per cent from 25 per cent, although exemptions would include goods that comply with the Canada-U.S.-Mexico Agreement. Also looming is an anti-dumping countervailing duty on Canadian lumber, set to rise from 14.54 per cent to 34.5 per cent, "within weeks," according to Forest NB, an industry association. This week, Arbec Forest Products blamed market conditions when it announced a six-week shutdown, starting in September at its Miramichi plant, where it makes wood panels for housing construction. . "Like many other New Brunswick businesses, our exports to the U.S. have been drastically affected by the current tariff situation," general manager Adam Stone said in a written statement. "We are hopeful that this pause in production will allow us to rebalance our inventories and find additional markets." Arbec said 113 employees will be affected, including 29 who won't have jobs when operations resume. The company said it's working closely with government agencies to assist affected workers. Meanwhile, forestry giant, J.D. Irving Ltd. is spending $1.1 billion to upgrade its boiler at the Irving Pulp and Paper mill in Saint John, and the Irving Oil refinery is upgrading its fluid catalytic cracking unit, which produces gasoline and diesel, at a cost of $100 million. Seafood holding steady New Brunswick seafood continues to enter the United States without a Trump tariff. "Spring production went well," said Geoff Irvine, executive director at the Lobster Council of Canada. "Demand was steady. "There are no [U.S.] tariffs today, but there is uncertainty about tariffs and that's almost as bad." Refined petroleum products and electricity produced in New Brunswick are also entering the United States tariff free. In February, Irving Oil warned customers in Maine, it would pass along the costs of Trump's 10 per cent tariff on energy but then reversed that decision after tariffs were paused. Statistics Canada shows mixed results for New Brunswick exports since Trump was sworn into office late in January. Comparing the first five months of this year with the first five of 2024, the total value of New Brunswick exports to the U.S. fell 2.8 per cent, according to data from Statistics Canada. Broken down by sector, fish and farm products fell 2.5 per cent, forestry and building products slipped two per cent but energy product exports rose 4.5 percent. None of it has dampened volume at Port Saint John, which is having a banner year. "We get asked that a lot," said Craig Bell Estabrooks, the port's CEO. "What is the shipping activity at the port? What are the volumes looking like? And we're proud to report that they're very, very strong." Estabrooks said container volumes are significantly higher than the port has ever seen. "It's growth that we were hoping for earlier in the year. But with the uncertainty, we didn't know if it was going to materialize, but it certainly has." Campobello line item Residents on Campobello Island face an hour-long drive, over the bridge to Lubec, Maine, and then through the U.S. and back into mainland New Brunswick, where they purchase supplies. That's when the ferry isn't running. This year, the island was singled out for assistance. The ferry started in May, one month early and residents are exempt from paying retaliatory tariffs on U.S. goods coming in. 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Deadline vs. deal
Deadline vs. deal

Politico

timean hour ago

  • Politico

Deadline vs. deal

Presented by Send tips | Subscribe here | Email Canada Playbook | Follow Politico Canada Thanks for reading Canada Playbook. Happy Friday! In today's edition: → Canada's quiet push to shape Trump's next trade deal. → The U.S. billionaire fighting to save 400 B.C. ostriches. → Pentagon ghosts the Halifax International Security Forum. MORNING MONEY: CAPITAL RISK — POLITICO's flagship financial newsletter has a new Friday edition built for the economic era we're living in: one shaped by political volatility, disruption and a wave of policy decisions with sector-wide consequences. Each week, Morning Money: Capital Risk brings sharp reporting and analysis on how political risk is moving markets and how investors are adapting. Want to know how health care regulation, tariffs or court rulings could ripple through the economy? Start here. 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KFON goes national with ISP-A license; crosses 1 lakh connections, eyeing OTT rollout
KFON goes national with ISP-A license; crosses 1 lakh connections, eyeing OTT rollout

Business Upturn

time6 hours ago

  • Business Upturn

KFON goes national with ISP-A license; crosses 1 lakh connections, eyeing OTT rollout

Kerala Fibre Optic Network (KFON), the state-backed broadband initiative, has secured an Internet Service Provider – Category A (ISP-A) license, KFON is now formally positioned to expand its services beyond Kerala, potentially offering connectivity solutions across the country. This national license marks a key turning point, enabling the government-owned network to scale its infrastructure and services outside state borders for the first time. The development comes as the network crosses 1.08 lakh connections since opening to the public in 2023. With preparations underway to launch an affordable OTT platform focused on regional content, KFON is positioning itself not just as a connectivity provider but as a full-fledged digital services player. With the recent acquisition of the network currently supports over 68,294 commercial FTTH (fibre-to-the-home) users, alongside 23,163 government offices, 14,082 economically backward families provided with free connections, and 2,819 fibre-to-office links. The expansion reflects not just a growing appetite for reliable internet in the state but also the success of KFON's hybrid public-private model. But perhaps the most ambitious element of KFON's roadmap lies in its entry into digital content. The project is in the final stages of launching its own OTT (over-the-top) platform, which will feature regional entertainment, including South Indian films and television content—at affordable subscription rates. This pivot reflects a strategic shift: from being simply a conduit for data to becoming a digital ecosystem provider catering to Kerala's culturally rooted yet digitally active population. The numbers behind the infrastructure are equally striking. KFON's backbone spans over 31,000 kilometres of fibre optic cable, routed through 375 Kerala State Electricity Board (KSEB) substations, based on the Point of Presence (POP), which is centred across the state. The network is managed via a centralised Network Operating Centre (NOC) in Kochi Infopark and is built on a sophisticated ring-based architecture comprising 94 aggregation rings, 186 pre-aggregation rings, and 81 spur centres—designed for scalability and resilience. Parallel to its OTT ambitions, KFON is working to roll out IPTV services and is in the process of securing Virtual Network Operator (VNO) licenses. The network already offers advanced intranet services such as MPLS L2VPN, L3VPN, and FTTH-based intranet connections, which currently cater to over 3,500 institutions across the state. The initiative is also backed by the empowering mission to enhance digital inclusion across the state. Under the 'Connecting the Unconnected' initiative, KFON has delivered free high-speed internet access to households in remote and tribal communities. These include 103 families in Kottoor, 300 in Attapadi, and several families in Valanthakad Island near Ernakulam; places that have historically struggled with connectivity. On the business side, KFON's revenue portfolio includes Internet Lease Line services (serving 220 corporates), SME broadband (265 connections), and dark fibre leasing—with over 7,000 km of fibre already leased to private operators. It also benefits from its partnerships with over 3,800 local internet providers, who assist in last-mile service delivery. Looking ahead, KFON has set an ambitious target: over 2.5 lakh connections by next year. Kerala residents and institutions can subscribe via the toll-free helpline 1800 570 4466, the Ente KFON mobile app, or online at Ahmedabad Plane Crash

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