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.
Canadian pasta manufacturers want importers to stop bringing subsidized Turkish pasta into the country because it is hurting them along with millers and farmers. “Canada is becoming the North American dumping ground for cheap Turkish pasta,” said Don Jarvis, executive director of the Canadian Pasta Manufacturers Association (CPMA). “We are extremely concerned about the impacts that subsidized and dumped pasta will have on local Canadian businesses.” More than five million tonnes of pasta was imported into Canada from Turkey between January and November 2015, almost tripling 2014 import volumes. The landed price of that pasta was 50 percent less than Italian imports and 40 percent cheaper than U.S. imports, according to Statistics Canada.
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.
