Defence`s Feeds

US company Cubic reported its 2016 year-end earnings on 21 November, with sales increasing 2% but net income dropping 92% compared with 2015. The company reported net sales of USD1.5 billion for 2016, up from USD1.4 billion the year before. Along with that sales growth, however, was a USD99 million

ECA Group has bought 60% of naval architecture firm BE Mauric, the company announced on 22 November. The stake was bought from Ciranoë, who will retain some ownership of BE Mauric. Financial terms were not disclosed. Both groups are based in France. ECA said in a press release that it would be