Digital Power Corporation, Through Its Subsidiary Gresham, Wins Major Defense Contract in Australia Over $2 million project to supply helicopter

Digital Power Corporation (DPC) announced that its wholly-owned Salisbury, UK subsidiary, Digital Power Limited (DPL), has been awarded a major contract for the Australian Navy. DPL operates under the name Gresham Power Electronics (Gresham).

Gresham has been selected to supply helicopter starting rectifiers and DC power distribution systems for the new Air Warfare Destroyer (AWD), which will be built by Australia's largest specialized defense shipbuilding organization. The AWD is based on the existing F100 frigate platform, and already is in service with the Spanish navy. It is a baseline design that requires minimal modifications for Australian use. The AWD incorporates a modified version of the power system models that Gresham has provided to Spain in support of its F-100 program.

AMSC Reports Second Quarter Fiscal Year 2009 Financial Results

American Superconductor Corporation (NASDAQ: AMSC), a global energy technologies company, today reported record financial results for the second quarter of its fiscal year 2009 ended September 30, 2009.

Revenues for the second quarter of fiscal 2009 were $74.7 million, an 85 percent increase over $40.4 million in revenues for the second quarter of fiscal 2008. Gross margin for the second quarter of fiscal 2009 was 38.9 percent, which compares with 26.5 percent for the second quarter of fiscal 2008.

AMSC generated GAAP net income of $4.3 million, or $0.10 per diluted share, for the second quarter of fiscal 2009. This compares with a GAAP net loss for the second quarter of fiscal 2008 of $4.1 million, or $0.10 per share.

GenTek Inc. Agrees to Be Acquired by American Securities LLC for $38.00 Per Share in Cash

GenTek Inc. (NASDAQ: GETI), a leading provider of specialty inorganic chemical products and valve actuation systems and components for automotive and heavy duty/commercial engines, announced today that it has entered into a definitive agreement to be acquired by ASP GT Acquisition Corp.(ASP), a wholly-owned subsidiary of investment funds managed by American Securities LLC, a private equity firm.

Under the terms of the merger agreement, ASP will commence a tender offer to purchase for cash all of the outstanding shares of GenTek common stock at a price of $38.00 per share. The transaction is valued at $673 million consisting of equity value of approximately $411 million plus the assumption of net debt and similar liabilities of approximately $262 million.

Woodward Reports Second Fiscal Quarter and Six Months Results

Woodward Governor Company (NasdaqGS:WGOV) today reported financial results for its second quarter of fiscal year 2009. (All per share amounts are presented on a fully diluted basis.)

Quarterly Highlights
-- Total sales for the quarter of $334.7 million, up 9 percent from the second quarter of last year. Operating earnings were $31.3 million for the quarter. Excluding pre-tax special charges of $16.6 million as shown below, operating earnings were up 8 percent from $44.2 million for the same quarter last year.