Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Dawson Geophysical Buys GSX Multi-Channel Equipment

Dawson Geophysical Co. (DWSN: Quote) Friday announced it has placed an order with Geospace Technologies for 9,000 stations of its three-channel GSX wireless recording system.

Dawson Geophysical is a provider of onshore seismic data acquisition services.

The order includes sensors, batteries, trailers and accompanying system electronics. Delivery of the order is expected to occur in the company's first fiscal quarter of 2014 ending December 31, 2013.

Stephen Jumper, President and Chief Executive Officer said, "With the addition of these 9,000 stations of three-channel GSX and the 1,000 stations acquired in the fourth fiscal quarter of 2013, we will own 17,000 stations of multi-channel GSR/GSX wireless equipment."

Click here to receive FREE breaking news email alerts for Dawson Geophysical Co. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Fashion retailer Gap Inc. said Thursday after the markets closed that its second quarter profit rose 10% from last year, helped by higher sales and a gain from asset sale. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarter sales. Separately, Gap announced plans to enter India through franchise-operated Gap brand stores in 2015. While buying interest was somewhat subdued, stocks moved mostly higher over the course of the trading day on Thursday. The gains on the day extended the recent upward trend by the markets, lifting the S&P 500 to a new record closing high. Republicans have not found much to like about President Barack Obama's nearly six years in office, but the results of a new Washington Post-ABC News poll show that a vast majority support the president's decision to launch airstrikes in Iraq.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.