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Honeywell released that Aerospace sales were up 8% compared with the second quarter of 2011. Organic growth was 7%, or 4% organic excluding the absence of prior year payments to Business and General Aviation customers to offset preproduction costs (OE payments). Aerospace growth was driven by an 18% increase in Commercial end markets, partially offset

AMR Corporation, the parent company of American Airlines, reported second quarter revenue of $6.5bn, an increase of 5.5% year-over-year and the highest quarterly revenue in company history. In the second quarter of 2012, the company reported a net profit of $95m, excluding reorganization and special items – a $381 million improvement over the second quarter

AAR (AIR) reported fourth quarter fiscal 2012 results that were in line with the preliminary results released on June 14, 2012. Fourth quarter sales were $563.3m compared to sales of $487.8m in the fourth quarter of last year. For the Company’s fiscal year 2012, sales were a record $2.1bn, a 14.4% increase versus the prior

Hawker Beechcraft (Hawker Beechcraft) reported that the U.S. Bankruptcy Court for the Southern District of New York has approved the company’s motion to enter into exclusive negotiations with Superior Aviation Beijing Co., (Superior). Approval of this motion allows Hawker Beechcraft to spend up to 45 days exclusively negotiating with Superior regarding a strategic combination that

Precision Castparts Corp., a worldwide, diversified manufacturer of complex metal components and products, has agreed to acquire certain aerostructures business units and McSwain Manufacturing from Heroux-Devtek Inc. Heroux-Devtek’s aerostructures operations manufacture a wide variety of components and assemblies from aluminum, aluminum-lithium, and titanium, such as bulkheads, wing ribs, spars, frames, and engine mounts. The aerostructures