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TDY, FFG, ARO, CLNO, AWI - NYSE Stock Highlights by PennyGovernance.com


Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne Brown Engineering, Inc., in Huntsville, Ala., was awarded by the Missile Defense Agency (MDA) its Objective Simulation Framework (OSF), an IDIQ contract with a potential value of $595 million over five years beginning September 1, 2011.
Under the contract, Teledyne will design, develop, test, implement and maintain the OSF. It will be the centerpiece test and simulation framework for all elements of the missile defense system. The OSF will be capable of supporting full scale simulations, ground tests and live fire events. For the first time, it will tie together the Digital Simulation Architecture with the Single Stimulation Framework.
Teledyne Brown developed the first digital and Hardware-in-the-Loop (HWIL) test and assessment capabilities for missile defense. Through the years, Teledyne Brown developed and supported advancements in test frameworks that established ground test standards for missile defense systems. The company also developed an OSF prototype that incorporates legacy digital and HWIL capabilities to support Ballistic Missile Defense System (BMDS) test and assessment activities. Teledyne Brown has executed BMDS tests and assessments at its headquarters in Huntsville, Ala. and at other locations.
About Teledyne Technologies Incorporated
Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne Technologies’ operations are primarily located in the United States, Canada, the United Kingdom and Mexico.
For more information, visit Teledyne Technologies’ website at www.teledyne.com
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FBL Financial Group Inc. (NYSE:FFG) reported net income attributable to FBL for the second quarter of 2011 of $37.5 million, or $1.20 per diluted common share, compared to net income attributable to FBL of $22.3 million, or $0.73 per diluted common share, for the second quarter of 2010.
FBL Financial Group, Inc., through its subsidiaries, sells individual life insurance and annuity products in the United States. The company provides whole life, term life, and universal life policies; annuity and investment products; supplementary contracts; traditional fixed rate and index annuities; and a line of personal and commercial property-casualty insurance products.
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Aeropostale, Inc. (NYSE:ARO), reported results for the second quarter of fiscal 2011, and provided guidance for the third quarter of fiscal 2011.
Diluted net earnings per share for the second quarter were $0.04 per diluted share, which included a non-recurring pre-tax benefit to the Company’s gross profit of $8.7 million, or $0.06 per diluted share, resulting from the resolution of a dispute with one of the Company’s merchandise vendors, surrounding prior period allowances. The Company reported net earnings of $0.46 per diluted share in the second quarter last year. For the second quarter of fiscal 2011 net sales decreased 5% to $468.2 million, from $494.7 million in the year ago period. Same store sales for the second quarter decreased 14%, compared to a same store sales increase of 4% last year.
Aeropostale, Inc. operates as a mall-based specialty retailer of casual apparel and accessories. It designs, markets, and sells merchandise principally targeting 14 to 17 year-old young women and men.
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Cleantech Transit, Inc. (”Cleantech or the Company”) (OTC.BB:CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
“This is a significant milestone for the Company and our goal is to continue to build value as we progress,” said Mr. Kenneth Bosket, Cleantech’s President and CEO.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction approximately June 30th. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as we move ahead.
About Cleantech Transit, Inc.
Cleantech Transit, Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. CLNO has expanded its focus to invest directly in specific green projects that can maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy has to offer.
For more information, visit www.cleantechtransitinc.com.
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Armstrong World Industries, Inc. (NYSE:AWI) reported second quarter 2011 results. Adjusted EBITDA of $109 million, up 24% over the 2010 period. Operating Income of $72.7 million, up 37.4% over the 2010 period. Cost reduction program exceeding targeted savings. Macro economic climate remains challenging
Armstrong World Industries, Inc. engages in the design, manufacture, and sale of flooring products and ceiling systems in the Americas, Europe, and the Pacific Rim.
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