General Dynamics completed its acquisition of Zurich, Switzerland-based Jet Aviation for CHF 2.45 billion (approximately $2.18 billion) from Dreamliner Lux S.a.r.l., a company controlled by the Permira Funds. The companies announced the plans for the acquisition in August. Jet Aviation will continue serving the entire aircraft manufacturing community and its global client base as a
Daher and EADS announced the conclusion of the agreement for Daher to acquire a 70% majority share in EADS Socata. “This Daher-Socata association will allow the creation of a leading European industrial player in the domain of aerostructures and open up new development prospects in general aviation, including for the new Socata aircraft project”, declared
ANA reported its consolidated half year financial results for the interim period April 1 to September 30, 2008. The Group, which consists of airlines, travel and other businesses, reported an operating income of JPY49.8 billion and a net income of JPY22 billion on revenue of JPY753 billion – falls of 25.7%, 79.1% and 1.3% respectively
– Third quarter 2008 revenues grew 6 percent to $1.027 billion – Operating Income grew 4 percent to $111 million – Fully Diluted Earnings Per Share were $0.53 – Cash and Cash Equivalents were $178 million – Total backlog increased 35 percent to approximately $31.8 billion Spirit AeroSystems Holdings reported third quarter 2008 financial results
For the third quarter of 2008, the company reported net earnings from continuing operations of $13.5 million, or $0.53 per share diluted, compared to net earnings from continuing operations of $9.4 million, or $0.38 per share diluted, in the third quarter of 2007. The company’s results for the third quarter of 2008 include a pre-tax
Astronics reported sales of $40.4 million in the third quarter of 2008, which ended September 27, 2008, up 7.0% compared with $37.7 million in the third quarter of 2007. Net income declined to $2.4 million, or $0.22 per diluted share, in the third quarter of 2008 compared with $4.1 million, or $0.38 per diluted share,
Highlights included: * Rental revenues increased 29.2% to $57.5 million * EBITDA increased 27.3% to $51.3 million * Net income increased 10.0% to $11.4 million * Secured a new $241 million seven-year term debt facility, thereby restoring capacity under the revolving credit facility to $1 billion * Declared a quarterly dividend of $0.10 per share
Moog announced net earnings of $119 million and earnings per share of $2.75, an increase of 18% over last year. Sales for the year of $1.903 billion were up $345 million or 22% over the previous year. Sales increases were very strong in all five of the Company’s reporting segments. Fourth quarter net earnings increased
Spirit AeroSystems reported third quarter 2008 financial results reflecting revenue growth and solid double-digit operating margins while winning new business and responding to a labor strike at its largest customer. Spirit’s third quarter 2008 revenues increased to $1.027 billion, up 6 percent from the same period last year. Operating income increased 4 percent to $111
Hawaiian Holdings reported consolidated net income for the three months ended September 30, 2008, of $6.0 million, or $0.12 per diluted share, on total operating revenue of $339.9 million. This compares to net income of $19.6 million, or $0.41 per diluted share, for the three months ended September 30, 2007. Operating income during the third
