TORONTO, July 08, 2025 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) (OTCQX: FTGFF) today announced financial results for the second quarter 2025. Second Quarter Financial Highlights: Bookings: Total bookings reached $45.8 million for Q2Backlog: The quarter-end backlog stood at $133.5 million, a 9% rise from the previous year end.Revenue: Recorded at $48.7 million, a 25.6% increase over Q2 2024.Adjusted EBITDA: Achieved $8.7 million in the quarter, up from $6.5 million in Q2 2024.Net Ear ...

June 24, 2025 04:00 AM GMT Sustainability & European Defence Defence in Sustainability: Mapping AI's Role European Defence sits at the intersection of two of Morgan Stanley's four key themes: Multipolar World and Tech Diffusion, and increasingly Sustainability. Weapons exclusions may be easing, but there is no consensus on what is in scope. European rearmament has AI at its core; NATO's AI military spend could reach ~$112bn by 2030. We evaluate corporate readiness across the sector, ethical considerations a ...

Core Viewpoint - CAE Inc. has announced the appointment of Matthew Bromberg as President and CEO, effective August 13, 2025, marking a significant leadership transition for the company [1][3][4] Leadership Changes - Matthew Bromberg will lead CAE's strategic growth and evolution, and he will also be nominated for election to the Board at the upcoming Annual and Special Meeting of Shareholders [1][3] - Calin Rovinescu will serve as Executive Chairman of the Board, while Sophie Brochu will be the Lead Independent Director, emphasizing CAE's commitment to strong governance [2][10] Transition Plan - The transition plan for Mr. Bromberg's appointment has been approved by CAE's Board of Directors and will take effect after the 2025 Annual and Special Meeting of Shareholders [3][10] - Mr. Bromberg will join CAE on June 16, 2025, to work closely with outgoing President and CEO Marc Parent during the transition [3] Leadership Experience - Mr. Bromberg has extensive experience in aerospace and defense, having previously led Global Operations for Northrop Grumman and held senior positions at RTX Corp. and Pratt & Whitney [6][7] - His educational background includes an MBA and a Master of Mechanical Engineering from MIT, along with a Bachelor of Arts in Physics from UC Berkeley [8] Governance and Strategic Focus - Mr. Rovinescu, as Executive Chairman, will collaborate with Mr. Bromberg on strategic initiatives and ensure effective Board functioning [11] - Ms. Brochu's role as Lead Independent Director will enhance CAE's governance practices and oversight [13][14] Company Overview - CAE is a global leader in training solutions for civil aviation and defense, with approximately 13,000 employees across 240 sites in over 40 countries [15] - The company focuses on innovation, operational excellence, and sustainability, aiming to enhance safety and mission readiness in aviation and defense sectors [15]

Mercury Systems (MRCY) reported third-quarter fiscal 2025 results, wherein earnings were in line with the Zacks Consensus Estimate and revenues beat the same.The aerospace and defence technology provider reported non-GAAP earnings of 6 cents per share, in line with the Zacks Consensus Estimate. The company had incurred a loss of 26 cents in the year-ago quarter.Mercury’s non-GAAP revenues increased 1.5% year over year to $211.4 million. The top line beat the consensus mark by 4.07%.MRCY shares were more or ...