British outsourcer Serco on Thursday said it would buy U.S. engineering firm Ali...
EDINBURGH - British outsourcer Serco on Thursday said it would buy U.S. engineering firm Alion’s naval systems unit for $225 million to expand in the fast-growing segment of supplies to the U.S. Navy, sending its shares higher.
It said the acquisition of Alion’s Naval Systems Business Unit would boost earnings from 2020, prompting Serco’s shares to rise 9%. NSBU would boost U.S. revenue as a proportion of group revenue to 26% from 20%. The deal does not change the timing of when dividends will be reinstated but was “helpful”, Soames said. Dividends were suspended in 2014 as part of a restructuring.
From its first full year of ownership in 2020, NSBU is expected to contribute revenue of about $370 million, EBITDA of $28 million and underlying trading profit of $20 million.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Shares of Huawei's American suppliers slide, but the Chinese giant says it can survive US blacklistHuawei says that it has been preparing for the 'insane' move by the U.S. to put it on the so-called 'Entity List,' which means American firms need to obtain a license before selling to the Chinese technology giant.
और पढो »
T-Mobile-Sprint deal would boost prices, hurt poorest U.S. consumers, experts sayConcessions by T-Mobile US Inc to win U.S. government approval to buy Sprint Cor...
और पढो »
China's Huawei restricted from using U.S. suppliersThe Trump administration on Thursday officially added China's Huawei Techno...
और पढो »
Huawei and suppliers make plans to face U.S. trade blacklist: NikkeiChina's Huawei Technologies Co Ltd is asking its top Asian chipmakers to ma...
और पढो »
Shares of Huawei suppliers tumble amid ongoing turmoilShares of Chinese telecommunications heavyweight Huawei's suppliers took a hit on Thursday afternoon amid the ongoing fallout surrounding the Chinese telecommunications giant.
और पढो »
Asian shares steady after slump, oil jumps on Saudi commentsAsian shares steadied on Monday as investors caught their breath following anoth...
और पढो »
US Naval Academy 'plebes' climb greased monument to end freshmen yearTEAMWORK: The first-year class at the U.S. Naval Academy are no longer “plebes” after successfully scaling the Herndon Monument on Monday.
और पढो »
Australian, Indian elections boost Asian shares, trade fears easeAsian shares clawed back some of last week's losses as investors cheered ap...
और पढो »
Walmart shares up 2% premarket as profit beat weighs against sales missWalmart Inc. shares rose 2% in premarket trade Thursday after the retail giant topped profit estimates for the first quarter, while sales fell short....
और पढो »
Stung by U.S. sanction threats, EU seeks ways to boost the euroThe European Union is seeking new ways to widen use of the euro and counter the ...
और पढो »
Stung by U.S. sanction threats, EU seeks ways to boost the euroThe European Union is seeking new ways to widen use of the euro and counter the ...
और पढो »