Spirit Avionics, Global Parts Support Division, based in Columbus, Ohio announced the achievement of $10m in global aircraft parts sales in less than a year achieving a 60% increase over last years sales. The Global Parts SupportDivision of Spirit Avionics distributes, sells, and brokers new, overhauled, and exchange parts and components through their extensive network
Triumph Group announced the signing of a definitive agreement to acquire General Donlee Canada, a leading manufacturer of flight critical complex machined components. Triumph will pay a total of approximately $110.0m in cash to acquire General Donlee’s outstanding equity and retire its existing debt. The transaction is subject to customary closing conditions, including the approval
B/E Aerospace (BEAV), has initiated an expansion of its Consumables Management (CM) Segment into the oil and gas services industry via the acquisition of Blue Dot Energy Services, a provider of parts distribution, rental equipment, and on-site services. The acquisition purchase price including expenses is approximately $75m. The transaction is expected to close by the
The Group posted quarterly revenue of $1.59bn, compared with the prior year revenue of $1.57bn for the same period. Revenues for the Group’s Aerospace, Electronics and Land Systems sectors at $506m, $354m and $392m respectively were comparable to 2Q2012. EBIT totalled $177.7m, an increase of 7% from $165.9m a year earlier. Group profit before tax
Israel Aerospace Industries announced on August 7th the release of its consolidated financial statements, as of June 30th, 2013. Revenues amounted to US$896m in the second quarter, up 11% compared to the corresponding quarter. Exports accounted for 76% of revenues, compared with 78% in the corresponding quarter. Revenues in the military market accounted for 75%
Spirit AeroSystems Holdings, reported second quarter 2013 financial results reflecting continued strong demand for large commercial aircraft, strong mature program operating performance, and the impact of new program charges. Spirit’s second quarter 2013 revenues were $1.521bn, up 13% from $1.341bn for the same period of 2012, driven by higher production volumes and non-production revenues. Operating
The HAECO Group reported an attributable profit of HK$359m for the first six months of 2013. This compares with a profit of HK$455m for the equivalent period in 2012. Earnings per share decreased by 21.1% to HK$2.16. Turnover increased by 11.1% to HK$3,222m.
DVB Bank SE presented its results for the first six months of 2013. Consolidated net income before taxes for the first half of the year was 6.2% lower than in the previous year (H1 2012: €70.8m). The year-on-year change was due to a non-recurring effect in the first half of 2012: namely, the sale of
Rockwell Collins has reached a definitive agreement to acquire ARINC Incorporated, a portfolio company of The Carlyle Group, and a leader in communications and information processing solutions for the commercial aviation industry, for $1.39bn. The transaction will bring together two leading players in the growing field of aviation information management, combining ARINC’s trusted networks and
Milestone Aviation Group, a global leader in helicopter leasing, has closed on a five-year, $600m revolving credit line that includes an unfunded revolving accordion feature to expand the borrowing capacity up to $750m. This revolver represents the largest-ever debt facility for a helicopter lessor and will be used to fund growth initiatives and acquisitions. Since
