29 April 2010

Triumph Group reports strong fourth quarter and full fiscal year 2010 results

Triumph Group released that for the fourth quarter ended March 31, 2010, net sales were $352.0 million, a 13% increase from last year’s fourth quarter net sales of $311.2 million. Income from continuing operations for the fourth quarter of fiscal year 2010 increased 11% to $25.0 million versus $22.6 million for the fourth quarter of […]

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Pratt & Whitney awarded $65 million contract for F100 engine maintenance

The U.S. Air Force awarded Pratt & Whitney a $65 million contract to provide maintenance for F100 engines powering F-16 fighter aircraft from various international F100 customers, including Egypt, Jordan, Taiwan and Thailand. The three-year contract contains extension options, making the potential value approximately $100 million over the life of the contract. Under this contract,

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Spirit AeroSystems reports first quarter 2010 financial results

Spirit AeroSystems reported first quarter 2010 financial results reflecting revenue growth, as ship set deliveries for large commercial aircraft increased from the same period in 2009. Spirit’s first quarter 2010 revenues increased to $1.043 billion, up from $887 million for the same period of 2009, as deliveries in the prior year quarter were negatively impacted

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Iberia and the unions CC.OO and UGT sign Collective Bargaining Agreement

Iberia management and the UGT and CCOO unions signed the company’s 19th Collective Bargaining Agreement covering ground staff, that applies from January 1st, 2009 until December 31st, 2012. The new contract covers some 14,750 Iberia employees, or nearly 70% of total staff. The contract sets a payroll increase of 0.6162% for 2009, to be effected

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Smyrna Air Center named Authorized Service Center for M601 and H80 engines

Smyrna Air Center has signed an agreement with GE Aviation to become an Authorized Service Center for the M601 and H80 turboprop engines. As part of the agreement, Smyrna Air Center will offer comprehensive line maintenance, removals and re-installations of engines and LRUs and engine spares for the M601 and H80 engine families. GE Aviation

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