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Financial

Triumph Group to acquire Vought Aircraft Industries for $1.44 billion

Triumph Group announced the signing of a definitive agreement to purchase Vought Aircraft Industries from The Carlyle Group for cash and stock consideration of $1.44 billion including the retirement of Vought debt, creating a company with industry-leading breadth of product and capabilities. The purchase consideration to Vought shareholders includes approximately 7.5 million shares and $525

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Embraer releases 4th quarter and fiscal year 2009 results

Embraer’s jet deliveries achieved a record high in the 4th quarter 2009, totaling 91 aircraft in a single quarter and ended 2009 with 244 aircraft delivered, surpassing by 2 aircraft the 2009 guidance. As a consequence, 2009 revenue is also in line with the 2009 guidance and totaled US$ 5.47 billion. EBIT margin was down

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FedEx reports third quarter net income of $239 million

Fedex reported revenue of $8.70 billion, up 7% from $8.14 billion a year ago, operating income was up 129% to $416 million, from $182 million last year, operating margin was 4.8%, up from 2.2% the previous year and the net income was up 146% to $239 million from last year

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LHT reports 6.6% increase in revenues for 2009

In 2009, the Lufthansa Technik Group bucked the general trend in the maintenance, repair and overhaul (MRO) sector, achieving a EUR 246 million (+ 6.6%) increase in revenue to EUR 4.0 billion. While it was possible to improve the operating profits by 5.7% to EUR 316 million, the operating margin retreated slightly by 0.5% to

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AAR reports fiscal third quarter results

AAR reported sales of $309.6 million and net income attributable to AAR of $9.9 million for the fiscal year 2010 third quarter ending February 28, 2010. These results were unfavorably impacted by $0.10 per diluted share as a result of a customer bankruptcy. For the third quarter of last fiscal year, the Company reported sales

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Iridium reports fourth quarter and full year 2009 results

Communications reported financial results for the period ended December 31, 2009. Net loss for the fourth quarter was $4.7 million compared with net income of $1.5 million for the fourth quarter of 2008, in part reflecting $17.0 million of expenses related to purchase price accounting adjustments, net of tax, relating to the GHL Acquisition Corp.

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DVB Group posts solid results for 2009

Based on preliminary, unaudited figures, DVB Group posted solid consolidated net income (after taxes) of EUR 76.1 million, a 27.7% decline from the previous year’s figure of EUR 105.2 million. Net interest income was up slightly, to EUR 194.3 million – a positive development, given the difficult market environment in 2009. Against this background, the

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