Wednesday, 11 May 2011 00:00

Source: EADS North America

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EADS North America today announced the appointment of Paul G. Pastorek as Chief Counsel and Corporate Secretary. In his new position Mr. Pastorek will direct the company's legal activities, including the contracts, export control and compliance functions, and serve as Secretary to the company's Board of Directors.

Monday, 09 May 2011 14:53

Source: Simplex Manufacturing

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Simplex Manufacturing Co. of Portland Oregon announced today that they have acquired the granular spreader product line from Heli- Ap. Simplex will build the full line of spreader at their Portland, Oregon headquarters.

The new Simplex GS250 30 cubic ft. spreader weighs in at an industry low 90 lbs while the Simplex GS400 55cubic ft. spreader weighs approximately 135lbs, making both products the lightest spreaders available. Both new Simplex spreaders can be re-started in flight in the case of engine stoppage. The new Simplex spreaders also feature the ability for the top portion of the tank to slide up, increasing tank volume by up to 30%. This allows the operator to carry lighter volume materials without compromising safety by overloading denser materials.

Monday, 09 May 2011 00:23

Source: Textron

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Textron Inc. (NYSE: TXT) ("Textron") announced that General James T. Conway has been elected to the company's Board of Directors, effective April 27, 2011. Conway is a retired United States Marine Corps four-star general who was the 34^th Commandant of the Marine Corps.

Friday, 06 May 2011 00:45

Source: Air Methods

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Air Methods Corporation (Nasdaq:AIRM), the largest air medical transportation company in the world, reported financial results for the quarter ended March 31, 2011 and provided an update on April 2011 flight volume. For the quarter, revenue increased 11% to $131.9 million from $118.5 million in the prior-year quarter. Net income for the first quarter of 2011 was $6.0 million, or $0.47 per diluted share, compared with net income of $0.1 million, or $0.01 per diluted share, in the first quarter of 2010. The current-year quarter includes a pre-tax, non-cash gain of $1.0 million for the mark to market of a fuel derivative, compared with a pre-tax, non-cash loss of $0.2 million in the prior-year quarter.

Friday, 06 May 2011 00:42

Source: Kaman

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Kaman Corp. (NASDAQ GS: KAMN) today reported financial results for the first quarter ended April 1, 2011.

Neal J. Keating, Chairman, President and Chief Executive Officer, stated, "Our first quarter performance marked a strong start to fiscal 2011 as we delivered growth in revenue, operating margins, and earnings in both our Industrial Distribution and Aerospace segments compared to the same period in the prior year. In Industrial Distribution, we achieved record sales driven by continued strong customer demand in almost all of our end markets.