FARMINGDALE, N.Y. -- Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE: GFF), announced today that it has received an $18 million manufacturing contract from Sierra Nevada Corporation (SNC) in support of approximately 580 MODI II Electronic Countermeasure (ECM) systems for the U.S. Marine Corps Marine Expeditionary Units. Modi II, an SNC design, is a man-pack ECM jammer which has industry-leading Size, Weight and Power (SWaP) metrics and is an exceptionally cost-effective, sustainable capability set.
Batman v Superman: Dawn of Justice had Super Bowl ads ready on Feb. 7, although they technically weren't just ads for the movie. In fact, they didn't even premiere during the big game, as Turkish Airlines showed two new ads promoting Gotham and Metropolis before kickoff. Turkish Airlines was already seen in the last full trailer, as Gal Gadot's Wonder Woman was briefly on a flight in her Diana Prince clothes. This time, the airline announces that it is flying to both Gotham and Metropolis, with celebrity endorsements from each city's greatest businessman.
Chobani, the Greek-yogurt maker founded by billionaire Hamdi Ulukaya, has rejected an offer from PepsiCo Inc. to take a major stake in the company. Chobani hired Goldman Sachs Group Inc. last year to seek a strategic partner that would invest in the company and help it expand distribution and production. A recent offer from PepsiCo to invest in the company was shot down, effectively ending deal discussions, according to Michael Gonda, a spokesman for the Norwich, New York-based yogurt company. PepsiCo declined to comment.
Los Angeles: The Cleveland Cavaliers, who are expected to be one of the busiest teams in the days leading up to next week's NBA Trade Deadline, have a few players in mind as they continue to find the right deal and rumors claim that among the players that the Cavs have their eyes on are Omer Asik and Tyreke Evans. This season, Tyreke Evans contract is $10.7 million. It doesn't work. Trade exceptions cannot be combined with other players (aggregated in CBA terms). However, Asik is making $9.2 million and would fit within the Brendan Haywood trade exception.
