New York (AirGuideBusiness - Business & General Aviation News North America) May 20, 2012
Avcorp Avcorp announces 2012 First Quarter Results. Avcorp Industries today announced its financial results for the quarter ended March 31, 2012. During the quarter ended March 31, 2012, the Company recorded income from operations of $860,000 on $25,006,000 revenue, as compared to a $517,000 operating loss on $20,916,000 revenue for the same quarter in the preceding year; and net income for the current quarter of $151,000 as compared to a net loss of $1,258,000 for the quarter ended March 31, 2011. A combination of continued sales growth, improvements in both operating efficiencies and production quality levels, as well as continued stringent cost controls have netted a $1,409,000 profitability improvement for the first quarter 2012 relative to the same quarter in 2011. Earnings before interest, taxes, depreciation and amortization (EBITDA) was positive $1,951,000 for the quarter ended March 31, 2012 compared to a positive EBITDA of $213,000 for the quarter ended March 31, 2011. The Company's improved gross margins have contributed significantly to the $1,738,000 improvement in EBITDA. Cash flows from operating activities during the quarter ended March 31, 2012 utilized $267,000 of cash as compared to utilizing $3,391,000 of cash during the quarter ended March 31, 2011. The Company has a working capital surplus of $16,494,000 as at March 31, 2012 (December 31, 2011: $14,663,000 surplus). May 14, 2012
Bell Helicopter, Textron Research and Markets: Bell Helicopter Textron Inc.: Defense Company Profile & SWOT Report. Dublin - Research and Markets has announced the addition of iCD Research's new company profile "Bell Helicopter Textron Inc.: Defense Company Profile & SWOT Report" to their offering. Bell Helicopter Textron, Inc. (Bell Helicopter), based in the US, designs, manufactures and provides commercial and military helicopters, tiltrotor aircraft, and related spare parts and services. It markets advanced military helicopters and supports the US Government and military customers outside the US. The company also manufactures a range of commercial aircraft types, which includes light single- and twin-engine helicopters and medium twin-engine helicopters. Bell Helicopter carries out its manufacturing operations at its plants in Amarillo, Texas; and Mirabel, Canada. The company provides after-sale support and service for its installed fleet of 13,000 helicopters through a network of more than 120 independent service centers, six supply centers and the company's service sites. Bell Helicopter is headquartered in Hurst, Texas, US. Key Features and Benefits: - Examines and identifies key information and issues about "Bell Helicopter Textron Inc." for business intelligence requirements. - Studies and presents the company's strengths, weaknesses, opportunities (growth potential) and threats (competition). Strategic and operational business information is objectively reported. - The profile also contains information on business operations, company history, major products and services, prospects, key employees, locations and subsidiaries. Key Market Issues: - Quickly enhance your understanding of "Bell Helicopter Textron Inc." - Gain insight into the marketplace and a better understanding of internal and external factors which could impact the industry. - Increase business/sales activities by understanding your competitors' businesses better. - Recognize potential partnerships and suppliers. Key Topics Covered: 1 Business Analysis 2 Recent Developments 3 SWOT Analysis 4 History 5 Key Employees 6 Key Employee Biographies 7 Locations and Subsidiaries 8 Appendix May 14, 2012
Bombardier Bombardier is making progress with Learjet 85 program. Bombardier Aerospace has announced that production is under way for the first two flight models of its Learjet 85 program. Bombardier's facility in Wichita, Kan., is preparing to assemble the Learjets. The aircraft is slated to enter service in 2013. May 14, 2012
Bombardier Bombardier 1Q revenue, profit drops on lower aircraft deliveries. BombardierOs first-quarter net profit fell 13.6% to $190 million from $220 million in the corresponding year-earlier period, partly as a consequence of lower commercial aircraft deliveries. Overall revenue declined 24.8% to $3.5 billion and its Aerospace unit saw revenue dip 31.8% to $1.5 billion. President and CEO Pierre Beaudoin cited costs associated with the Canadian manufacturerOs business aviation programs and lower commercial deliveries. ONevertheless, we were able to contain costs and maintain our profitability,O he said, OWe had a solid level of new orders in business jets and we're starting to see momentum in commercial aircraft orders, which led to an increased backlog of $23.3 billion.O Overall expenses decreased 25.6% to $2.9 billion. Bombardier Aerospace posted a first-quarter EBIT of $91 million, down 35.5%. It delivered 37 total aircraft compared to 61 in the prior-year period. It received 28 orders for commercial aircraft during the yearOs first three months. May 14, 2012
Cessna Aircraft Cessna Announces Long-Range Citation Business Jet. Cessna Aircraft Company, a Textron Inc. company, today introduced its newest and longest-range business jet, the Citation Longitude at the European Business Aviation Convention and Exhibition (EBACE). This launch follows...