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Dirac and Fairlead Announce Strategic Partnership to Accelerate American Shipbuilding Through Model-Based Manufacturing

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PORTSMOUTH, Va., May 6, 2025 /PRNewswire/ — Dirac, the software company pioneering model-based, context-aware production planning for modern manufacturing, today announced a strategic partnership with Fairlead, one of America’s most capable maritime engineering and manufacturing firms, to transform shipbuilding through a model-based manufacturing paradigm.

The partnership will deploy Dirac’s automated work instruction and production planning platform across Fairlead’s operations, laying the foundation for a digital production infrastructure built on Dirac’s model-based manufacturing stack. Together, Dirac and Fairlead aim to create the Navy’s most agile industrial partner, scaling modular ship production and delivering software-defined manufacturing for the 21st century fleet.

As part of the rollout, Dirac will embed a Forward-Deployed Engineer (FDE) at Fairlead’s facilities in Virginia, driving implementation of Dirac’s platform to enable model-based manufacturing, context-aware production planning, and real-time feedback loops from design through delivery. The joint effort will empower Fairlead to transition from a system integrator into a high-rate, high-flexibility production platform prime — capable of accelerating delivery of naval platforms, autonomous vessels, and mission modules with unmatched adaptability.

“This is about rebuilding American industrial power — with software at the core,” said Filip Aronshtein, CEO of Dirac. “Fairlead shares our conviction that production must move at the speed of design, and that tribal knowledge, digital context, and manufacturing execution belong on the same plane. Together, we’re building not just ships — but the infrastructure for sovereign capacity.”

Fairlead, known for its high-quality, high-mix fabrication and systems integration work across naval and commercial domains, is making a generational leap by standardizing on Dirac’s model-based production platform. This includes leveraging Dirac’s entire platform stack — from work instruction automation and facility layout planning to design-for-manufacturability (DFM), from operator feedback tools to automated maintenance and repair (MRO) instructions.

“Dirac is how the Navy will avoid schedule risk and scale capacity, no doubt,” said Jerry Miller, Chairman and CEO of Fairlead. “Modern naval platforms are too complex for tribal knowledge alone. With Dirac, we’re capturing expertise in maritime production, scaling it across our workforce, and laying the digital foundation to lead in high-volume, modular shipbuilding.”

“We’ve always delivered precision,” added Fred Pasquine, President of Fairlead. “Now we’re pairing that with velocity and adaptability — that’s what Dirac enables. We’re turning process into a platform.”

“Dirac will help Fairlead become a model site for Navy production modernization,” said Jim Blom, Head of Corporate Development at Fairlead. “It’s not just about tools — it’s about a new operating system for how the maritime industrial base works. Working with Dirac is how Fairlead is driving to align with the recent Executive Order 14269, ‘Restoring America’s Maritime Dominance’.”

The partnership reflects a broader shift toward intelligent manufacturing infrastructure across the defense ecosystem, with Dirac’s platform enabling seamless collaboration between engineering, planning, quality, and operations teams. By connecting digital models directly to shop floor execution and feedback, Fairlead and Dirac are building a future where change is not a disruption — it’s a design input.

“Fairlead isn’t just adopting new software — they’re choosing to lead the Navy into the next generation of shipbuilding,” said Jerrod Heiser, Head of Product at Dirac and a former senior nuclear engineer at General Dynamics Electric Boat. “This is what it looks like when engineering and production finally speak the same language.”

“We’ve worked inside the constraints of legacy defense manufacturing. This partnership breaks those constraints,” said Trevor Smith, Head of Partnerships at Dirac and former mechanical engineer at Collins Aerospace. “It’s how we deliver more ships, faster, and with less rework — without compromising precision.”

Together, Dirac and Fairlead are charting the course for a software-defined industrial base, where every design decision is context-aware, every build is traceable, and every platform is production-ready from day one.

About Dirac

Dirac is the creator of BuildOS — the first model-based, context-aware production planning platform for advanced manufacturing. From CAD-integrated work instructions to real-time production planning, Dirac enables engineering and operations teams to move in lockstep. Backed by Founders Fund and Coatue, Dirac is building the digital backbone of American reindustrialization. Learn more at diracinc.com

About Fairlead

Fairlead is a trusted partner to the U.S. Navy and defense primes, delivering high-precision fabrication, integration, and engineering for critical maritime systems. Headquartered in Virginia, Fairlead supports shipyards, shipbuilders, and OEMs across the national security industrial base. Learn more at fairlead.com.

All press inquiries should be directed to contact@diracinc.com

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SOURCE Dirac, Inc.

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Club Offers for Travel Enthusiasts in Canada

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TORONTO, Oct 23, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces three of many new Club Offers for Club Members in Canada.

Rigorously vetted and negotiated for us travel enthusiasts:

$799—COSTA RICA WEEK WITH FLIGHTS & CAR
We think fall is an ideal time to visit Costa Rica; the scenery is lush and the crowds are gone. Drive between volcanic Arenal and the idyllic beaches of Tamarindo on this seven-night trip. Since it’s not as busy, we were able to negotiate a price that saves members up to $648 on departures through mid-December.

$899—BARCELONA: 5 NIGHTS WITH FLIGHTS
Explore Barcelona’s world-class museums and architectural masterpieces in the quieter winter months to pack more into your trip. You won’t waste hours in lines and can access top restaurants that are fully booked in summer. We save $300 on travel this January and February, when temperatures are still spring-like. Roundtrip flights from Toronto, hotel and daily breakfast are included.

$999—ST. KITTS GETAWAY FOR 2, REG. $2083
Most visitors to St. Kitts book months in advance, but when we pointed out that travel enthusiasts are more spontaneous, this resort gave us a terrific rate for stays this November and December. Spend four nights in Frigate Bay and get an upgraded Oceanview room, too.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact: 
Amanda Ieraci – Toronto
+1 437 866 8540
aieraci@travelzoo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/club-offers-for-travel-enthusiasts-in-canada-302918543.html

SOURCE Travelzoo

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Howard Hughes Holdings Set to Join S&P SmallCap 600

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name  

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/howard-hughes-holdings-set-to-join-sp-smallcap-600-302918511.html

SOURCE S&P Dow Jones Indices

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Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

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Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/chelsea-fc-announces-multi-year-sleeve-partnership-with-sokin-the-business-payments-and-fx-platform-302918466.html

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