Newspaper article The Florida Times Union

Morning Briefs

Newspaper article The Florida Times Union

Morning Briefs

Article excerpt

ARMOR HOLDINGS GETS MILITARY CONTRACTS

Armor Holdings Inc., a Jacksonville-based manufacturer of security products and vehicle armor systems, announced Monday new military contracts worth at least $20 million in revenue. Armor said the U.S. Army Tank-Automotive and Armaments Command had ordered 40 armored Humvees and 5,100 newly developed gunner protection kits to add to armored Humvees already in use. Other orders include 180 Humvee armoring kits for the Marine Corps, the Air Force and the Army; 385 sets of armor components for use in the Army's Medium Tactical Vehicle Low Signature Armored Cab program; and 34 sets of armor components for the Army's Armored Security Vehicle. Armor said the work will be performed at its Cincinnati and Phoenix facilities.

FIFTY EMPLOYERS SLOTTED FOR CAREER FAIR

About 50 employers are expected to be recruiting at The Urban Career Fair from 9 a.m. to 3 p.m. Wednesday at the Holiday Inn at 9150 Baymeadows Road on the Southside. Job-seekers should dress professionally and bring a current resume. There is no admission cost. Call (904) 764-7828 or go to www.blacksonville.com/urban_career_fair.html for more information.

REGENCY CENTERS BUYS PROPERTIES

Jacksonville-based Regency Centers Corp. Monday said it entered into agreements with two joint venture partners to buy 25 retail properties totaling 2.7 million square feet and three parcels of of land from Branch Properties of Atlanta for $399.3 million. The properties are in Georgia, North Carolina, South Carolina and Tennessee.

Regency, which develops and operates grocery-anchored retail centers, entered into the deal with joint venture partners Macquarie Countrywide Trust and the Oregon Public Employees Retirement Fund. According to its news release, Regency's portion of the purchase is $105.7 million.

THE ST. JOE COMPANY RAISES DIVIDEND

Jacksonville-based The St. Joe Co. declared a quarterly cash dividend on its common stock of 14 cents a share, payable Sept. 30 to shareholders of record on Sept. 15.

The dividend is up from 12 cents a share.

FLORIDA EAST COAST BUYS SHARES

Florida East Coast Industries Inc. said it closed last week on the purchase 5.5 million shares of its common stock from The Alfred I. duPont Testamentary Trust and The Nemours Foundation.

The shares, which represent about 14.9 percent of the company's total outstanding common stock, will be held as treasury stock. The trust will own about 9.8 percent of the total shares outstanding while the foundation will no longer own any shares of the company, FECI said in a news release.

The St. Augustine-based company also said its Flagler Development Co. subsidiary closed on $105 million secured, non-recourse mortgage financing with MetLife, the release said.

EMBRAER TO BREAK GROUND NEXT WEEK

Brazilian jetmaker Embraer said it will hold a groundbreaking ceremony at Cecil Field on Aug. …

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