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Financial

Genesis Lease Limited announces second quarter 2009 results

Genesis Lease Limited announced its financial results for the second quarter ended June 30, 2009. Rental revenues were $51.1 million compared to $52.0 million for the same period in 2008, a decrease of 1.9%, net income was $4.8 million compared to $9.0 million for the same period last year, a decrease of 47.0%. For the

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Boeing completes acquisition of Vought operations in South Carolina

Boeing reported the completion of the acquisition of the business and operations conducted by Vought Aircraft Industries at its South Carolina facility, where a key structure for the 787 Dreamliner is built. The acquisition agreement was announced originally on July 7. The newly acquired facility, located in North Charleston, will be called Boeing Charleston. Boeing

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Goodyear reports second quarter financial results

The Goodyear Tire & Rubber Company reported second quarter 2009 financial results and updated its progress on actions taken to address market and economic challenges around the world. The second quarter 2009 Goodyear net loss was $221 million (92 cents per share), compared with net income of $75 million (31 cents per share) in 2008’s

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Frontier reports eighth consecutive monthly operating profit

For the month of June, Frontier reported an operating profit of $14.2 million compared to an operating loss of $3.2 million for the same period last year, and net income of $7.2 million compared to a net loss of $8.8 million for June 2008. Excluding special items, the Company would have reported an operating profit

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B/E Aerospace reports second quarter 2009 financial results

B/E Aerospace reported that revenues for the second quarter declined by $204.8 million as compared with proforma revenues of $679.6 million in the second quarter of the prior year. The $204.8 million decrease in consolidated revenues was the result of an $84.4 million decrease in revenues at the consumables management segment, a $102.3 million decrease

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EADS reports first half-year results

EADS reported that its half-year 2009 results demonstrate that the Group is still performing well across its businesses. EADS continues to actively monitor its customer base and its order book of more than EUR 390 billion. The order intake of EUR 17.2 billion reflects the slowdown in the commercial sector. Revenues stood at EUR 20.2

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Honeywell reports second quarter sales of $7.6 billion

Honeywell announced second quarter 2009 sales of $7.6 billion versus $9.7 billion in the second quarter of 2008 and earnings of $0.60 per share, compared to $0.96 per share in the second quarter last year. Cash flow from operations was $1,126 million versus $1,042 million in the second quarter of 2008 and free cash flow

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Woodward reports financial results for third fiscal quarter of 2009

Woodward Governor Company reported that net sales for the quarter were $386.2 million, up 17% from $329.8 million for the same quarter of last year. Net earnings, including special items, for the quarter were $25.0 million compared with $32.4 million in last year’s third quarter. Foreign exchange rates had a negative impact in the quarter

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