24 Jan 13. Eurocopter delivered another very strong performance in 2012, with an all-time record turnover of 6.3bn euros. The company’s second high record in bookings value marks a return to pre-crisis levels. This places Eurocopter in a strong position to benefit from its broad helicopter portfolio evolution, along with the expansion in services and a growing global footprint. A strong growth in services and the 475 rotorcraft delivered last year generated a new turnover high of 6.3bn euros – 15 percent more than in 2011, when the Group reached a previous record of 5.4bn euros. With a cumulated average growth rate of nine percent since 2006, Eurocopter is delivering one of the most impressive success stories in the European industry. Milestones in 2012 included deliveries of the first enhanced AS350 B3e version and the initial latest-generation EC130 T2 helicopter – both members of Eurocopter’s popular Ecureuil family; along with the 500th EC145 delivery. Eurocopter also provided the first A350 jetliner passenger door set, underscoring its innovative composite technology production capabilities. Eurocopter’s consolidated order intake in 2012 totalled 469 net bookings, representing a value of 5.4bn euros and marking the company’s third consecutive yearly increase since 2010. Sales were paced by the Ecureuil/Fennec/EC130 family with 249 bookings and the EC135/EC145 families with 144 bookings; while the Super Puma family remained strong last year, backed by significant bookings from the oil and gas sector – including a framework contract for 16 EC225s with the Milestone Aviation Group leasing company, and a first contract for the new AS332C1e – placed by Starlite Aviation.
18 Jan 13. Cybersalus LLC. enters the market in response to the increasing cyber challenges in government and industry. The entity is a Service-Disabled Veteran-Owned Small Business (SDVOSB) providing extraordinary cyber expertise and technology to the Federal Government. John Kiehm is the CEO of the Virginia based company. The company is led by military veterans with over 50 years of combined leadership and experience in cyber operations. Cybersalus LLC. is uniquely postured with qualified experts in cyber operations. Positioned with an Agile Cyber Laboratory, the company possesses the capabilities to respond to federal and commercial cyber requirements. Cybersalus LLC. is a standalone company based on a partnership between John Kiehm and McLane Advanced Technologies (MAT).
24 Jan 13. Chemring Group Preliminary Results.
Year ended 31 Oct 2012 Year ended 31 Oct 2011 Change
Revenue
£m £m
740.3 724.1 2%
Underlying operating profit*
88.3 135.8 (35%)
Underlying operating margin*
12% 19%
(7 pts)
Underlying profit before tax*
70.1 120.2 (42%)
Profit before tax
18.8 85.4 (78%)
Underlying operating cash flow*
114.9 118.6 (3%)
Net debt
244.8 262.7 (7%)
Underlying earnings per share
28.5p 50.0p (43%)
Dividend per share
– final
4.2p 10.8p (61%)
– full year total
9.5p 14.8p (36%)
* Group performance for the year impacted by uncertainty in key markets and operational issues, as previously reported
* Ongoing market uncertainty continues to affect visibility
– Year-end order book of £760.9m, down 13% on 2011
* Appointment of new senior leadership team in order to address key operational issues
* Management focus in 2013 will be on addressing Chemring’s operational performance
* Management’s initial review of operations has identified five key priorities for performance recovery, the benefits of which are expected to be seen from 2014 onwards
– Streng