Hamilton Sundstrand has purchased the remaining 49% interest of REVIMA APU. This interest was held by EADS Sogerma — a business unit of EADS — since it entered into a joint venture agreement with Hamilton Sundstrand in 2004. REVIMA APU is now a wholly-owned Hamilton Sundstrand overhaul and repair facility, which will service aircraft Auxiliary
Continental Airlines reported a second quarter 2008 net loss of $3 million. Excluding $22 million of previously announced net after tax special items, Continental recorded a net loss of $25 million. In response to these challenges, Continental implemented a number of initiatives in the second quarter of 2008 to maintain its competitive position in the
Delta’s net income for the June 2008 quarter excluding special charges was $137 million, or $0.35 per diluted share, despite a more than $1 billion year-over-year increase in fuel input costs related to higher prices. Delta’s merger with Northwest Airlines is targeted to close during the fourth quarter of 2008. The company expects approximately $2
AMR Corporation reported second quarter net loss of $1.4 billion including $1.2 billion in non-cash impairment charges and severance-related charges. The company ended the second auarter with $5.5 billion in total cash and announced $500 million in additional financing to further bolster liquidity.
Rockwell Collins reported net income of $174 million for the third quarter of fiscal year 2008, an increase of $28 million, or 19% over fiscal year 2007 third quarter net income of $146 million. Net income growth exceeded revenue growth due to continued margin expansion across both its commercial and government businesses. Earnings per share
Ladish Co has acquired complete ownership of Aerex Manufacturing. Aerex, located in South Windsor, Connecticut, is a precision-machining enterprise serving the aerospace and commercial airplane industries since 1966. The purchase price of Aerex was approximately $14 million, paid through a combination of cash and Ladish common stock. Ladish Co., is a leading producer of highly
Halcyon Jets Holdings released that preliminary revenues for the month of June 2008 were $5.0 million, another record high achieved just over a year since the inception of business operations. The Company also recently reported financial results for its first quarter ended April 30, 2008, highlighted by the Company
Aircell, a leading provider of airborne communications, reported the completion of the third tranche of a package of equity and debt financing now totaling $265 million. The latest step is the closing of a $35 million senior secured term loan facility arranged by Scotia Capital, Goldman Sachs and Credit Suisse, which rounds out the prior
ExelTech Aerospace released its financial results for the fiscal year ended March 31, 2008, posting a net loss of $1.8 million. The Company reported revenues of $54.4 million for fiscal 2008 compared to $49.8 million in fiscal 2007, a 9% increase. It also reported an operating profit (earnings before amortization and financial expenses) of $0.5
Pratt & Whitney
