Helicopter Business News

REACH Air Medical Services add Brian Karr as CFO

Tuesday, 26 April 2011 19:39

Source: REACH Air Medical Services

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REACH Air Medical Services LLC announces the hiring of D. Brian Karr as Chief Financial Officer. Mr. Karr will direct all finance, treasury, funding and accounting functions to assure the success of current and future business strategies for REACH.

“REACH is pleased to welcome Brian Karr to our senior management team,” said Jim Adams, CEO of REACH. “As we continue to expand our operations, technology and services, we are confident Brian’s experience, skills and leadership will help take REACH to new heights.”

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Lockheed Martin Announces First Quarter 2011 Results

Tuesday, 26 April 2011 17:59

Source: Lockheed Martin

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Lockheed Martin Corporation (NYSE: LMT) today reported first quarter 2011 net sales of $10.6 billion, compared to $10.3 billion in 2010. Earnings from continuing operations for the first quarter of 2011 were $548 million, or $1.55 per diluted share, compared to $519 million, or $1.38 per diluted share in 2010. Cash from operations in the first quarter of 2011 was $1.7 billion, compared to $1.6 billion in 2010.

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CPI Aerostructures to Report 2011 First Quarter Financial Results and Conduct Conference Call on Wednesday, May 4th

Tuesday, 26 April 2011 00:19

Source: CPI Aerostructures

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CPI Aerostructures, Inc. ("CPI Aero(R)") (NYSE Amex: CVU) today announced that it will issue its financial results for the first quarter ended March 31, 2011 on Wednesday, May 4, 2011 prior to the opening of the stock market. CPI Aero's President & CEO, Edward J. Fred and CFO, Vincent Palazzolo will host a conference call at 11:00 am ET that day to discuss these results as well as recent corporate developments.

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Honeywell Declares Quarterly Dividend

Tuesday, 26 April 2011 00:00

Source: Administrator

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The Board of Directors of Honeywell (NYSE: HON) has declared a regular quarterly dividend of $0.3325 per share on the company's outstanding common stock. The dividend is payable on June 10, 2011 to shareowners of record at the close of business on May 20, 2011.

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Discovery Air announces $30 million public offering of convertible debentures and early redemption of existing convertible debentures

Sunday, 24 April 2011 19:35

Source: Discovery Air

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Discovery Air Inc. today announced that it has entered into an agreement with GMP Securities L.P. (the “Underwriter”) pursuant to which the Underwriter has agreed to purchase $30 million principal amount of convertible unsecured subordinated debentures (“Convertible Debentures”) at a price of $1,000 per debenture. Discovery Air has also granted the Underwriter an over-allotment option to purchase up to an additional $4.5 million aggregate principal amount of Convertible Debentures for a period of 30 days following closing to cover over-allotments and for market stabilization purposes.

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Pall Corporation Board of Directors Declares Dividend

Sunday, 24 April 2011 18:06

Source: Pall Corporation

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The Board of Directors of Pall Corporation (NYSE: PLL) today declared a dividend of $0.175 per share. The dividend is payable on May 24, 2011 to shareholders of record at the close of business on May 10, 2011.