14 Jul 06. SAAB INTERIM REPORT January – June 2006
• Sales SEK 9,456 m. (8,433)
• Net income for the period SEK 729 m. (386)
• Earnings per share SEK 6.56 (3.52)
• Operating income SEK 953 m. (570),
income after financial items SEK 936 m. (544)
• Order bookings SEK 15,580 m. (6,962)
• Order backlog 48bn (43)
“The first half year 2006 was a very successful period for Saab. Income was stable, order bookings were high and we completed strategic acquisitions of major importance to the future. At mid-year Saab had its largest order backlog ever” says Saab President and CEO, Åke Svensson.
07 Jul 06. Glynn Williams, President and CEO of Reliance Aerotech Inc., announced the formation of Navhouse Corporation and its acquisition of the business and assets of Northstar Aerospace (Canada) Inc.’s inertial navigation avionics MRO business, Navhouse Global Avionics, located in Bolton, Ontario.
26 Jun 06. Defence Companies: 2005 Rankings. Defense News (26 Jun 06) published its annual listing of Defence Companies, ranked by Defence-related turnover. The top seven for 2005 were unchanged from 2004: 1st – Lockheed Martin (US); 2nd – Boeing (US); 3rd – Northrop Grumman (US); 4th – BAE Systems (UK); 5th – Raytheon (US); 6th – General Dynamics and 7th – EADS (Netherlands). L-3 Communications (US) rose from 13th to 8th. Thales (France) and Haliburton (US) maintained their 2004 rankings in 9th and 10th place.
Comment: Other UK Companies in the top 100 were ranked: Rolls-Royce – 17th (18th); QinetiQ – 27th (38th); Smiths Group – 38th (42nd); VT Group – 40th (46th); Cobham – 55th (49th); GKN Group – 60th (61st); Meggitt – 66th (87th); Babcock International Group – 74th (65th) and Ultra Electronic Holdings – 79th (82nd). (Source: DNA DEFENCE NEWS ANALYSIS, Issue 0627, 17 Jul 06)
12 Jul 06. AAR CORP. (NYSE: AIR – News) today reported fourth quarter net sales of $253.5m and income from continuing operations of $12.9m or $0.31 per diluted share. For the fourth quarter of last year, the Company reported net sales of $209.9m and income from continuing operations of $5.8m or $0.17 per diluted share. Sales from new supply chain programs, the ramp up of operations at the Company’s Indianapolis maintenance facility and continued strong demand for specialized mobility products were the primary drivers of the 21% year-over- year sales growth for the quarter as the Company capitalized on the trends of MRO outsourcing and value-added supply chain management solutions. Income from continuing operations increased 121% in the fourth quarter due mainly to higher volumes, improved margins and operational efficiencies. For the fiscal year ended May 31, 2006, the Company reported net sales of $897.3m and income from continuing operations of $35.2m or $0.94 per diluted share. In the prior year, net sales were $747.8m, and income from continuing operations was $18.6m or $0.55 per diluted share. The same drivers that fueled the growth in the fourth quarter contributed to the 20% sales growth and 89% growth in income from continuing operations for the year.
10 Jul 06. Rockwell Collins (NYSE: COL), is celebrating its five-year anniversary as an independent corporation by introducing a new logo, which will be displayed at the New York Stock Exchange when Rockwell Collins Chairman, President and Chief Executive Officer Clay Jones rings the closing bell tomorrow. “Our enhanced identity better represents the innovative, trusted company we’ve become, while still reflecting the heritage of our company. These three pillars: heritage, innovation, and most importantly, the trusted relationships that we value so highly with our stakeholders, are at the heart of the Rockwell Collins brand,” Jones stated. Rockwell Collins’ strong and consistent performance over the last five years has come during challenging times, as it successfully navigated through the largest downturn in the history of the commercial aerospace market. The company’s balanced business portfolio, e