Monday, 06 August 2012 01:59

Source: Russian Helicopters

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Russian Helicopters announces that at a Board meeting on July, 27 Andrei Reus, General Director of Oboronprom, was elected as Chairman.

Andrei Reus is a member of the Board of Directors of Russian Helicopters since 2010, serving as its Chairman since 2011.

Thursday, 02 August 2012 09:53

Source: Discovery Air

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Discovery Air Inc. ("Discovery Air") announced today that it has secured a new, committed operating facility with the Canadian Imperial Bank of Commerce ("CIBC"). The new facility has a limit of up to $25 million (depending on whether advances are made during or outside of Discovery Air's peak operating period and on the value of eligible receivables and inventory) and may be used for working capital and general corporate purposes. The new facility replaces Discovery Air's demand operating facility with Callidus Capital Corporation.

Thursday, 02 August 2012 09:52

Source: Discovery Air

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Discovery Air Inc. ("Discovery Air") announced today that Wayne Sales has resigned from Discovery Air's Board of Directors.

Mr. Sales stated "In light of my recent appointment as the President and Chief Executive Officer of SuperValu and the demands which that role will place on my time, I believe it is best that I resign from the Discovery Air Board. I am proud to have served as a member of the Discovery Air Board for the last four years and will miss the Discovery Air team."

Thursday, 26 July 2012 11:51

Source: FLIR Systems

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FLIR Systems, Inc. (NASDAQ: FLIR) today announced financial results for the second quarter ended June 30, 2012. Revenue was $338.3 million, down 14% compared to second quarter 2011 revenue of $391.6 million. Operating income in the second quarter was $60.7 million, compared to $41.8 million in the second quarter of 2011, and was negatively impacted by restructuring costs of approximately $6.8 million before tax.

Thursday, 26 July 2012 00:00

Source: L-3 Communications

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L-3 Communications Holdings, Inc. (NYSE: LLL) today reported diluted earnings per share (diluted EPS) of $2.08 for the quarter ended June 29, 2012 (2012 second quarter), compared to $2.26 for the quarter ended July 1, 2011 (2011 second quarter). The 2012 second quarter included Engility Holdings, Inc. (Engility) spin-off transaction expenses of $7 million ($5 million after income tax, or $0.05 per diluted share).