Astronics Corporation reported consolidated sales increased by $38.0m, or 56.4%, to $105.5m compared with the same period last year. The acquired businesses accounted for $23.8m of sales in the 2013 fourth quarter, all in the aerospace segment. Consolidated gross profit was $25.2m, up $7.6m from the fourth quarter of 2012. Consolidated gross margin was 23.9%
Airbus Helicopters has signed a contract with the Spanish Traffic Department to supply a total of seven helicopters: four AS355NP Ecureuils and three EC135s, with the latter aircraft to be operated by Spain’s National Police Force. Delivery will begin in 2014 with one EC135 and one AS355NP and will be completed in 2016. Spain’s Traffic
EPCOR can henceforth offer its expertise and MRO services to all carriers operating Boeing 787 aircraft equipped with the APS 5000 auxiliary power units (APUs) manufactured by Hamilton Sundstrand. The offer includes APU repair and maintenance including warranty repairs, along with the supply of spares. In the second half of 2014 EPCOR will have its
Aviation training management software, MOMook, has added the reporting system which is based on Aeronautical Radio Inc. (ARINC) Standard Measurements for Flight Simulator Quality. From now on, MOMook is capable to provide comprehensive full flight simulator utilization data for a better monitoring and operation management. MOMook now includes such reports as Synthetic Training Device (STD)
Airbus Group has entered into a Share Purchase Agreement with Raiffeisenverband Salzburg to acquire Salzburg München Bank AG, in order to provide additional financing options for the aeronautics and defence company. Salzburg München Bank, owned 100% by Raiffeisenverband Salzburg, is a small fully-licensed bank based in Munich serving small and medium enterprises (SMEs) and private
AgustaWestland signed a Letter of Intent (LoI) to appoint STA Systems of Singapore, a subsidiary of ST Aerospace, as an Authorized Component Repair Centre for dynamic components of the AW109 range of light twin engine helicopters and the AW139 intermediate twin engine model. STA Systems plans to start operations by mid-2014, performing main and tail
Cargolux Airlines announced an order for an additional 747-8 Freighter. The order, valued at $357.5m at list prices, is the 14th 747-8 Freighter the Luxembourg-based cargo carrier has ordered from Boeing.
Alaska Air Group’s board of directors has approved several leadership changes in the company’s Legal Division. Herman Wacker, Air Group’s deputy general counsel and managing director of legal, has been elected vice president of legal. Shannon Alberts, managing director of corporate affairs and assistant corporate secretary, has been elected corporate secretary. Kyle Levine retains his
Singapore Airshow 2014 wrapped up the trade segment of the six-day event with deals announced worth US$32bn, surpassing the value of deals announced in 2012. Major announcements include contracts for Airbus, Embraer, Boeing and Rolls-Royce. This reinforces Singapore Airshow’s standing as one of the most important aerospace and defence exhibitions in the world. Singapore Airshow
Bombardier Aerospace’s revenues amounted to $2.9bn for the three-month period ended December 31, 2013, compared to $2.6bn for the corresponding period last fiscal year. For the year, revenues totalled $9.4bn, compared to $8.6bn last fiscal year. For the fourth quarter ended December 31, 2013, EBIT totalled $93m, or 3.2% of revenues ($94m, or 3.3%, before
