CPI AEROSTRUCTURES The New York-based manufacturer enjoyed its best-ever revenue year in 2009, as sales jumped 23% to $43.9 million and pre-tax profits soared 52% to $5.86 million. Key subcontracts on the Gulfstream G650, Fairchild A-10 (pictured)and Northrop Grumman E-2D programmes drove sales growth, underpinned by "significant" cost cuts. Chief executive Edward Fred forecasts 2010 revenue of $48-51 million, rising to $78-81 million in 2011.
Source: Flight International
UK aircraft manufacturer Britten-Norman has gained new owners alongside fresh investment in the business, analysis of company records reveals.
Mitsubishi Heavy Industries (MHI) is “monitoring” the impact from the now-concluded strike by Boeing machinists, as it maintains its earnings outlook for its aircraft, defence and space business unit.
Russian aerospace firm United Aircraft is undergoing a leadership change with chief executive Yuri Slyusar set to be succeeded by United Engine head Vadim Badekha. The management rejig follows the appointment of Slyusar, who has led the company for nine years, as governor of Russia’s Rostov region. Badekha will take ...
