Streetbeat News

Partnerships

RDCM

RADCOM has renewed its multi-year collaboration with Rakuten Mobile, continuing to offer its current solutions and expanding to include AI-powered analytics like anomaly detection and automated root cause analysis.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:05 am

SATS

EchoStar's subsidiary, Hughes Network Systems, has been awarded a production contract by General Atomics Aeronautical Systems, Inc. (GA-ASI) to supply HM400T modems for the MQ-1C Gray Eagle 25M Unmanned Aircraft System's next-generation satellite communications system. These modems will enhance the UAS's endurance and resilience, especially in contested environments, by integrating with the Department of Defense's standard waveform technology and transmission security features.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:01 am

BWXT

BWX Technologies, Inc. (BWXT) and Rolls-Royce have been awarded $1.5 million by the UK Space Agency for Phase 2 of the International Bilateral Fund (IBF). This funding supports their collaboration on advancing fission nuclear systems for space power missions, benefiting both the UK and U.S. space nuclear development programs.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:47 am

SAVE

Spirit Airlines plans to furlough around 260 pilots by September 1, 2024, due to grounded aircraft from Pratt & Whitney GTF engine issues and aircraft deferrals for 2025 and 2026. A compensation agreement with Pratt & Whitney is expected to boost Spirit's liquidity by $150-$200 million.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:33 am

SGE

Strong Global Entertainment (NYSE:SGE) announced its subsidiary, Strong Technical Services, has extended its Managed Services agreement with Marcus Theatres for two additional years, through April 2026. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:07 am

PERI

Perion Network Ltd. (PERI) announced preliminary Q1 2024 financial results and updated its full year 2024 guidance, citing a decline in Search Advertising activity due to changes in Microsoft Bing's advertising pricing and mechanisms. Q1 revenue is expected to be $157M, with full year revenue forecasted between $590M-$610M, a significant decrease from prior estimates. The company attributes the decline mainly to Search Advertising and, to a lesser extent, web video activity. Despite this, Perion's CEO emphasized the company's strong relationship with Microsoft, its diversified digital advertising solutions, and the growth in Display Advertising. Perion also increased its buyback program from $50M to $75M.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:05 am

GOEV

Canoo's electric vehicles, including the Lifestyle Vehicle, Lifestyle Delivery Vehicle 190, and the Bulldog pickup truck, will be piloted by Red Sea Global for transportation between its airport, resorts, and facilities. This trial aims to adapt Canoo's zero-emission vehicles to Red Sea Global's specific mobility needs.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:04 am

AXP

YOU

CLEAR has extended its partnership with American Express, offering eligible card members up to $189 in annual statement credits for CLEAR membership purchases. This move aims to enhance the airport experience for travelers amid high demand for air travel.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:03 am

TSM

The U.S. Commerce Department plans to award TSMC a $6.6 billion subsidy and up to $5 billion in low-cost loans for expanding semiconductor production in Phoenix, Arizona, according to Reuters.

Portfolio Pulse from Charles Gross

April 08, 2024 | 9:23 am

AAPL

Apple Inc. (NASDAQ:AAPL) and its suppliers, including Foxconn, Tata Group, and Salcomp, are collaborating on a groundbreaking housing initiative in India, aiming to build over 78,000 housing units for employees. This initiative, a first in India's private sector, mirrors industrial housing models in China and Vietnam. The project, supported by both the central and state governments of India, seeks to improve worker efficiency and living standards, especially for the young female workforce, and is expected to be completed by March 2025.

Portfolio Pulse from Shomik Sen Bhattacharjee

April 08, 2024 | 7:44 am