IAI’ sales in the first quarter of 2013 amounted to US$849m, compared to US$893m in the corresponding period last year. Export sales accounted for 79% of total sales, amounting to US$673m. Sales to the military market accounted for 72% of total sales. Gross income in the first quarter of 2013 amounted to US$122m (14.4% of
Astronics Corporation, a leading provider of advanced technologies for the global aerospace and defense industries, has entered into a definitive agreement to acquire the outstanding shares of PECO Inc. (PECO) for approximately $136m in cash. The agreement is expected to close in late June 2013, and is subject to certain conditions, including a review under
TAT Technologies, a leading provider of services and products to the commercial and military aerospace and ground defense industries, reported its results for the three month period ended March 31, 2013. TAT announced revenues of $21.5m and net income of $1.7m for the three months ended March 31, 2013, compared to revenues of $20.7m with
First Aviation Services reported the results for continued operations for the quarter ended March 31, 2013 and year ended December 31, 2012 as restated for the previously announced sale of the majority interest in Aerospace Products International (API) which closed March 18, 2013. Sales from continuing operations for the first quarter increased 18% to $6.1m
Avianca Holdings earned a net income of US$75.3m for 1Q-13, an increase of more than US$75m over the profit recorded for the same period in 2012. First quarter operating revenues increased to US$1.11bn, up 5.9% from 1Q 2012 due mainly to a 6.5% increase in passenger revenues driven by an 8.6% growth in passenger traffic
US Airways announced that it priced an offering of Class C enhanced equipment trust certificates in the aggregate face amount of approximately $100m. This offering is an additional issuance from the Company’s Series 2012-2 series of enhanced equipment trust certificates, under which an offering of Class A certificates and Class B certificates closed on December
US Airways Group announced the pricing of $500m of its 6.125% Senior Notes due 2018, which represents an increase of $100m from the previously announced size of the offering. The notes will be general unsecured senior obligations of US Airways. The Company intends to use the proceeds from the senior notes offering for general corporate
AerCap Holdings N.V. has completed an amendment and upsize of its revolving warehouse facility. The non-recourse facility, which was originally put in place in 2006, has been amended to increase the transaction size to $1.1 billion and to allow for an additional two year revolving period with a three year term-out period, extending the transaction
TransDigm Group (TDG) has entered into a definitive agreement to acquire Arkwin Industries, Inc., for approximately $286m in cash. The acquisition, subject to regulatory approvals and other customary closing conditions, is expected to close in the third quarter of fiscal 2013. Arkwin, located on Long Island, New York, manufactures proprietary, highly engineered aerospace hydraulic and
SIAEC Group posted a profit attributable to owners of the parent of $270.1m for the financial year ended 31 March 2013, an increase of $1.0m on or 0.4% over last year. Operating profit was $1.5m or 1.2% lower at $128.1m. Revenue was $23.2m or 2.0% lower, mainly due to lower fleet management and project revenue.
