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
Emirates Investment & Development PSC (Emivest) of Dubai, have obtained approval from the Committee on Foreign Investment in the United States (CFIUS) to acquire an 80% stake in Sino Swearingen Aircraft Corporation (SSAC) of San Antonio, Texas. The acquisition will enable SSAC to initiate full-scale production of its SJ30. The SJ30 is a light jet
United Airlines reported its preliminary traffic results for May 2008. The company reported a May passenger load factor of 82.6%, down 2.0 pts compared to May 2007, traffic decreased in May by 4.1% on a capacity decrease of 1.7%.
HEICO Corporation reported that net income increased 27% to $11,948,000 for the second quarter of fiscal 2008 from $9,407,000 for the second quarter of fiscal 2007. For the first six months of fiscal 2008, net income increased 27% to a record $22,034,000 from $17,328,000 in the first six months of fiscal 2007. Operating income increased
ACE Aviation Holdings has sold in the market a total of 19,892,088 units of Aeroplan Income Fund for total net proceeds to ACE of approximately $349.3 million and a total of 11,726,920 units of Jazz Air Income Fund for total net proceeds to ACE of approximately $85.0 million. ACE retains no further interest in Aeroplan
