Latest news with #SSV
Observer
4 days ago
- Automotive
- Observer
RX Sport raises bar for Arab motorsport on global stage
DUBAI: Dubai-based RX Sport is a team led by veteran Emirati champion Rashid al Ketbi and is now raising the bar for motorsport on the international stage. It was founded just one month before the 2023 Abu Dhabi Desert Challenge. After a career full of his achievements, Al Ketbi decided to use his experience and passion to support and develop Arab talent, especially after he was injured during a round of the FIA European Rally Championship. This passion led the team to compete in the 2024 Dakar Rally, the world's toughest rally, only a few months after its debut in Abu Dhabi. In their second appearance at the Abu Dhabi Desert Challenge, the team won the T4 category, solidifying their strong presence. RX Sport's ambitions weren't limited to cross-country and Baja World Cup races. The team has also become a platform for celebrating Arab champions and has welcomed notable names like Yahya al Helei and his son Mansour, as well as Shaikh Khalid al Qassimi for the Abu Dhabi Desert Challenge. While many racing teams exist in the UAE, they often operate on a local scale. This is where RX Sport stands out: it is the first Emirati team to compete internationally in cross-country and Baja rallies. The team's ambition extends beyond just supporting drivers. It works hard to empower Arab navigators, most notably Khalid al Kindi, a step that affirms its comprehensive commitment to elevating motorsport in the region. AL WAHAIBI COMPETES IN WORLD BAJA Omani rally star Hamad al Wahaibi joined RX Sport to compete in the FIA World Baja Cup this season. Al Wahaibi believes the development of the sport in the region begins with supporting Arab teams, which is why he chose to continue his career under the banner of an Arab team striving for the top. Al Wahaibi is joined by Emirati navigator Khalid al Kindi on some events, resulting in strong performances that have placed them in contention for the SSV title. The pair still have more events this season, as they prepare for next year's racing programme with RX Sport. Rashid al Ketbi shared his journey. He said, "After my accident in the European Championship, which resulted in a broken back, I couldn't stay away from motorsport, a sport that entered my mind and heart in 1992. That's where the idea to establish the team came from, so I could continue facing the challenges of this world." "Today, we are competing in the FIA World Baja Cup with my brother and friend, Omani champion Hamad al Wahaibi. We hold an advanced position after winning the Italian round and achieving second place in the rounds in Spain and Jordan. We are proud to have a champion with Hamad's experience and achievements in our ranks and we look forward to facing future challenges." Al Wahaibi also expressed his pride in joining the team. He said, "I am very happy to be with the RX Sport team. This team is ambitious, promising and has proven its worth and high standing in Arab and international motorsport." "Rashid al Ketbi is very ambitious and passionate about motorsport. He considers this sport the centre of his life and goes to extraordinary lengths to raise the Arab flag high on the international stage. I wish the team all the best and trust that all of their dreams, and Rashid's dreams, will come true in the near future." Khalid al Kindi, who has known Rashid al Ketbi for a long time and says his 'testimony is biased' in his description, spoke about the team's importance, "What distinguishes the team is that it reflects Rashid al Ketbi's passion for motorsports. It's an Emirati team that competes in local and international championships." "The team is also distinguished by its continuous development and its quest to achieve strong results in every round and constantly face new challenges. This was reflected in their participation in the Dakar Rally, in addition to continuously updating the cars to the latest specifications."
Yahoo
21-05-2025
- Business
- Yahoo
Target Hospitality Announces Seat on $4 Billion Multi-Year U.S. Government Strategic Sourcing Vehicle
THE WOODLANDS, Texas, May 21, 2025 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (Nasdaq: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced it has been awarded a seat on a multi-year, $4.0 Billion, Emergency Detention and Related Services Strategic Sourcing Vehicle ("SSV"). The SSV establishes the contracting vehicle necessary to support the Department of Homeland Security ("DHS") and U.S. Immigration and Customs Enforcement ("ICE") response to certain Executive Orders issued on January 20, 2025. The SSV is intended to support DHS and ICE's initiatives focused on expanding emergency detention capabilities and related facility services. The SSV has a total contract value up to $4.0 billion with a period of performance through May 16, 2027. The SSV award is an important step and provides Target the opportunity to directly participate in potential future contract awards supporting critical U.S. government immigration initiatives. Target believes its existing capabilities uniquely align with certain DHS and ICE initiatives supported by the SSV, positioning the Company to actively pursue a portion of these opportunities. Importantly, these opportunities extend beyond Target's existing asset portfolio and establish multiple avenues to expand its government end-market service offering while enhancing and broadening its contract portfolio. "This award is instrumental in our continued pursuit of strategic growth initiatives and significantly expands Target's opportunity set. The U.S. government is evaluating a variety of solutions to meet its immigration policy objectives, and we believe Target is uniquely positioned to support a range of these mission critical services. While we are actively re-marketing our existing assets, the SSV award provides the ability to simultaneously directly pursue additional growth opportunities supporting U.S. government immigration initiatives," stated Brad Archer, President and Chief Executive Officer. About Target Hospitality Target Hospitality is one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services in the United States. Target builds, owns and operates a customized and growing network of communities for a range of end users through a full suite of value-added solutions including premium food service management, concierge, laundry, logistics, security and recreational facilities services. Cautionary Statement Regarding Forward Looking Statements Certain statements made in this press release (including the financial outlook contained herein) are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside our control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: operational, economic, including inflation, political and regulatory risks; our ability to effectively compete in the specialty rental accommodations and hospitality services industry, including growing the HFS – South, Government and Workforce Hospitality Solutions segments; effective management of our communities; natural disasters and other business disruptions, including outbreaks of epidemic or pandemic disease; the duration of any future public health crisis, related economic repercussions and the resulting negative impact to global economic demand; the effect of changes in state building codes on marketing our buildings; changes in demand within a number of key industry end-markets and geographic regions; changes in end-market demand requirements that could lead to cancelation of contracts for convenience in the Government segment; our reliance on third party manufacturers and suppliers; failure to retain key personnel; increases in raw material and labor costs; the effect of impairment charges on our operating results; our future operating results fluctuating, failing to match performance or to meet expectations; our exposure to various possible claims and the potential inadequacy of our insurance; unanticipated changes in our tax obligations; our obligations under various laws and regulations; the effect of litigation, judgments, orders, regulatory or customer bankruptcy proceedings on our business; our ability to successfully acquire and integrate new operations; global or local economic and political movements, including any changes in policy under the Trump administration or any future administration; federal government budgeting and appropriations; our ability to effectively manage our credit risk, liquidity and collect on our accounts receivable; our ability to fulfill Target Hospitality's public company obligations; any failure of our management information systems; our ability to refinance debt on favorable terms and meet our debt service requirements and obligations; and risks related to our outstanding debt obligations. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Investor ContactMark Schuck(832) 702 – 8009ir@ View original content: SOURCE Target Hospitality
Yahoo
21-05-2025
- Business
- Yahoo
Call of Duty supports Still Serving Veterans with a significant annual grant
HUNTSVILLE, Ala. (WHNT) — A surprising partnership between a popular video game and local non-profit Still Serving Veterans has helped the organization provide several services for over a decade. 'It just takes 1 or 2 people to believe in you,' Ethan Fitzgerald, marketing director at Still Serving Veterans, said. 'And how cool is it that the video game Call of Duty, you know, is supporting a humble nonprofit in Huntsville, Alabama, which is also very synonymous with supporting veterans.' Big Bob Gibson Bar-B-Q brings home 13th first place title after Memphis in May competition The Call of Duty Endowment, or CODE, provides grants to organizations helping veterans find high-quality jobs, and SSV is one of only 8 U.S. non-profits that receive a grant. Still Serving Veterans gets $1 million from CODE annually that goes directly to its Veteran Career Transition program. 'That Call of Duty money is just a lifesaver,' Fitzgerald said. 'It's quite literally changed the lives of veterans every single year.' SSV's Veteran Career Transition program helps vets with all things job search: from resume building and interview preparation to salary negotiations and check-ins months into the new role. The non-profit said there has been significant success. 'That funding allows us to hire veterans to help veterans,' Fitzgerald said. 'If you think about counseling appointments and stuff like that, there's usually a charge for that. You know, we're basically, you know, taking that off the table for the veteran. They don't have to pay for anything.' Marshall County Schools breaks ground on multi-million-dollar elementary school CODE's website announces achievements from more than 150,000 veteran job placements to date, with a 90% retention rate within the first six months of a veteran starting a new job. While SSV is very grateful for the funding dedicated to its Veteran Career Transition Program, the non-profit notes some of its other programs that are in need of such financial support: its VA Benefits and Resource programs. 'Unfortunately, the endowment doesn't cover that,' Fitzgerald said. 'So we always are raising money to try to support those other two programs, looking for grants, looking for sponsors and and the people who donate 5 to $10 a month. Those grassroots donors that keep our other programs alive are super important.' For more information on how to donate, visit their website. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
07-05-2025
- General
- Yahoo
The Give Back: Still Serving Veterans guiding vets in job search process
HUNTSVILLE, Ala. (WHNT) — Many veterans say transitioning from their service back to civilian life can be very challenging. Huntsville non-profit Still Serving Veterans works to be a dependable resource to ease the life adjustment for vets. Corey Hopkins is a Veteran Transition Counselor with SSV, a pivotal role in changing the lives of those coming out of service. 'A chaotic mess': Vietnam Veterans reflect on war after 50 years 'It is a lonely process to look for a job, especially if you've been just getting out,' Hopkins said. 'That's your identity of being in the military and then transitioning to something totally different. So we like to make sure that we're a coach or a mentor, a cheerleader to everybody that comes through here.' A veteran transition counselor guides vets through the job search process. Hopkins said they handle whatever the veteran may need help with, from resume building to salary negotiations, to even figuring out what the veteran is passionate about doing for work in the first place. But what makes working with Still Serving Veterans so special? It's veterans helping veterans. 'We know, we've been there,' Hopkins said. 'You're talking, able to talk to people who've been there, have like-minded ways of approaching a job. So just reach out.' 'You're not a patient, you're a resident': State veteran-only nursing home provides resources, benefits Hopkins said this transition process with SSV is proven to work, saying veterans are 90% more likely to stay in their first year at a new job when working with the non-profit. The process of getting started with the organization is as easy as a form and a phone call. 'People will fill out an intake form from us, and they'll have when they got out, what service that they did, what kind of assistance do they need,' Hopkins said. 'We follow on with virtual meetings with them to really coach, teach and mentor them in their approach to getting a job and in an approach to transitioning out of the military.' Still Serving Veterans can't do their work without the help of their community. Hopkins said assistance can look as simple as spreading the word by letting veterans know of the services they offer. He added a couple of other things folks can do. 'Donate the funds to help us do that, or they could bring us donuts,' Hopkins said. 'That would work too.' To learn more about Still Serving Veterans or opportunities to donate to the non-profit, visit their website. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to
Yahoo
26-03-2025
- Automotive
- Yahoo
BRP Stock Climbs After Q4 Earnings Top Estimates, Outlook Held Back Amid Trade Uncertainty
BRP Inc. (NASDAQ:DOOO) shares traded higher on Wednesday after the company reported fourth-quarter results. The company reported a revenue decrease of 19.7% year-over-year to C$2.098 billion. In USD, revenues of $1.48 billion beat the street view of $1.35 billion. Adjusted EPS of C$0.98 declined C$1.80 per share from the year-ago quarter. In USD, adjusted EPS was $0.69 above the consensus of $0.62. The revenue decline was primarily due to lower sales volume across all product lines on weak demand and increasing sales programs. North American retail sales dipped 21% Y/Y owing to weak industry volumes in Snowmobile and market share loss in Off-Road Vehicles on high non-current inventory from other OEMs. Year-Round Products (54% of sales) revenues decreased 17.4% Y/Y to C$1.13 billion, primarily due to lower sales volume, unfavourable product mix in SSV and higher sales programs. Seasonal Products (32% of sales) revenues dropped 28.9% Y/Y to C$677.6 million. Powersports PA&A and OEM Engines (14% of sales) revenues declined 0.7% Y/Y to C$292.9 million, attributed to lower demand. Gross profit decreased by 35.0% Y/Y, to C$429.4 million, and the margin contracted by 480 bps to 20.5%. Normalized EBITDA decreased 44.6% Y/Y to C$239.8 million, reflecting lower gross margin. BRP generated C$740.1 million in net operating cash flows for the year, down from C$1.658 billion a year earlier, due to lower profitability and unfavorable working capital changes. On March 25, 2025, the company declared a quarterly dividend of C$0.215 per share, payable on April 18, 2025, to shareholders of record at the close of business on April 4, 2025. Outlook: BRP decided to defer providing FY26 guidance, owing to ongoing global tariff disputes and uncertainty related to potential changes to trade regulations. José Boisjoli, President and CEO of BRP said, 'BRP demonstrated its agility throughout fiscal 2025 by rapidly adapting to softer market conditions. We were the first OEM to proactively adjust shipments to reduce network inventory and we have achieved our objective.' 'Over the longer term, our strategic decision to double down on Powersports should allow us to solidify our industry leadership by pushing innovation further and capitalizing on growth opportunities.' Price Action: DOOO shares are up 8.81% at $38.67 at the last check Wednesday. Read Next:UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article BRP Stock Climbs After Q4 Earnings Top Estimates, Outlook Held Back Amid Trade Uncertainty originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
