During Thursday’s Morning trade, Shares of United Technologies Corporation (NYSE:UTX), gained 0.13% to $95.37.
UTC Aerospace Systems declares it has attained N2 Imaging Systems, LLC (“N2”) of Irvine, California. The acquisition will complement the UTC Aerospace Systems’ intelligence, surveillance and reconnaissance business and add new technology to the company’s extensive portfolio of capabilities supporting the U.S. Military across the full spectrum of global planned, operational and tactical operations. UTC Aerospace Systems is a unit of United Technologies Corp. (UTX).
UTC Aerospace Systems’ commitment to the U.S. Army’s Reconnaissance, Surveillance and Target Acquisition (RSTA) mission is improved by the acquisition, ensuring the company’s capabilities continue to support the Army’s planned equipping plans.
“The addition of N2 reflects our unwavering dedication to rapidly developing the most advanced imaging technology at an attractive price to support the RSTA mission now and in the future,” said John Trezza, Vice President and General Manager of UTC Aerospace Systems’ Force Protection business. “Adding our experience in designing, developing and fielding sophisticated technology to the innovation of N2 will further support on-time execution of the Army’s Improved Night Vision Goggle (ENVG) program.”
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; modernization products to upgrade elevators and escalators; and maintenance and repair services.
Shares of Opko Health Inc. (NYSE:OPK), inclined 2.05% to $2.05, during its current trading session.
OPKO Health, declared that senior administration will present at the Oppenheimer 26th Annual Healthcare Conference on Tuesday, December 8th, 2015 at 8:00 AM (ET) in New York.
OPKO Health, Inc., a biopharmaceutical and diagnostics company, engages in the discovery, development, and commercialization of novel and proprietary technologies in the United States and internationally. It operates through two segments, Pharmaceuticals and Diagnostics.
Finally, Shares of IAMGOLD Corp (USA) (NYSE:IAG), lost - 0.32%, and is now trading at $1.56.
IAMGOLD Corporation, declared that employees at the Company’s Rosebel Gold Mine in Suriname (“Rosebel”) have embarked on a strike over the issue of the process of laying off about 10% of the employees. Rosebel has, however, followed the process required by law and has offered a fair severance package, which over 50% of the affected employees have already accepted.
The layoffs were declared in a news release on October 8, 2015 as a step to further reduce costs at Rosebel as necessitated by the current gold price environment. Over the past two years IAMGOLD has improved productivity and reduced overall costs by about $175 million and Rosebel has made a noteworthy contribution to that effort. Further cost reductions, however, are needed as the gold price has continued to decline below $1,100 per ounce.
Rosebel has produced about 4 million ounces of gold in its first 11 years of operation and in the first nine months of 2015 has produced 217,000 ounces of gold on an attributable basis at an all-in sustaining cost of $1,082 per ounce. The Company’s 2015 annual guidance for Rosebel to produce between 290,000 and 300,000 ounces remains unchanged, but will be re-assessed depending on the length of the strike.
IAMGOLD Corporation primarily engages in the exploration, development, and operation of gold mining properties. It also explores for silver and copper deposits. The company holds interests in four operating gold mines, in addition to exploration and development projects located in Africa, South America, and Canada.