17 January 2008

Continental Airlines reports full year 2007 pre-tax income of $566 million

Continental Airlines reported 2007 pre-tax income (net income before income taxes and cumulative effect of change in accounting principle) of $566 million, up 53 % over 2006 pre-tax income of $369 million. Excluding $24 million of previously announced pre-tax special items, Continental’s pre-tax income for the full year was $542 million, a 78 % improvement

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Spirit AeroSystems assessing impact of 787 schedule shift

Spirit AeroSystems will continue to work with Boeing to assess the 787 program schedule. Spirit President and CEO Jeff Turner said, “Although the additional delays in first flight and first delivery are disappointing for all of us, I continue to be pleased with Spirit’s overall performance on the program. Specifically, our structures’ design/build efforts are

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Lockheed Martin Receives $1.4 billion contract for 17 C-130J Super Hercules aircraft

Lockheed Martin has signed a contract with the Government of Canada valued at $1.4 billion for the purchase of 17 C-130J Super Hercules airlifters and related equipment and services. The Canadian Forces’ new Super Hercules will be the longer fuselage or “stretched” variant of the C-130J, similar to those being delivered to the U.S. Air

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Snecma Propulsion Solide creates aeronautics and composites division

Snecma Propulsion Solide has made a firm commitment to expanding the use of its composite materials to the aviation sector. Reflecting this new strategic direction, on January 1st the company created an Aeronautics and Composites division, headed by Olivier Le Merrer and reporting to the Chairman and CEO. Snecma Propulsion Solide intends to leverage its

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