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Phoenix International, an Italian company specializing in aluminum extrusion dies and a platform company of Ambienta SGR, acquired a majority stake in the joint venture Phoenix ME in the United Arab Emirates, which specializes in aluminum extrusion dies.
Phoenix International Holdings Inc. was awarded a $112,000,000 cost-plus-award-fee contract for worldwide undersea deep ocean search and recovery operations. Work will be performed worldwide, with completion expected in September 2027.