Finance and economyKaman reports its first quarter financial results

New York, USA - Losses for over 3 USdm reported

Kaman Corp. reported first quarter earnings per share of 24 cents on a diluted basis, compared to 38 cents per share diluted a year ago. Net earnings were $5.3 million, compared to $8.7 million the previous year. The... more

Finance and economySurge in oil price hits the European airlines stocks

London, Great Britain - The Middle East situation is the cause of the crisis

THe risk of a sudden surge of the oil prices has hit the stocks of most European airlines. British Airways reported the biggest FTSE100 lost, and also Lufthansa and Air France have been hit by the crisis. The... more

Finance and economyBritish Airways downgraded by Moody's

London, Great Britain - The evaluation of one of the leading U.S. rating agency

British airline British Airways has been submitted to a fresh downgrade by U.S. leading rating agency Moody's which has cuts carrier's unsecure rating from Ba1 to Ba2.Moody's said the outlook for BA remained... more

Finance and economyUs airlines almost out of the dark

Washington, Usa - Economy recovery supports air transport

Hardly hit by economic recession and most of all from September 11th attacks, Us airlines start now to recover. "We are non still back to normality, but signals are definitively encouraging", commented... more

Finance and economyUs economy to recover

New York, Usa - Unemployment benefits: 15000 reduction within last week

Positive signals for the tormented Us economy, as Labour department confirmed yesterday a 15000 decresae in the number of unemployment benefits request within last week. Economic performance seems finally... more

Finance and economyBin Laden's bill

Us economy to pay USDb 640

According to DRI-WEFA, a consulting firm of Eddystone (Pennsylvania), last September 11th terrorist attack will cost USDb 640. The study, published yesterday, puts into account social consequences in... more

Finance and economyBBB+ RATING FOR LUFTHANSA

FRANKFURT, GERMANY, The financial evaluation agency Standard and Poor's awarded German airline Lufthansa of a BBB+ rating which, according to a note, signifies a stable economical position. The short-term... more

Finance and economyBRITISH AIRWAYS SHARES LOSE 3%

LONDON, GREAT BRITAIN, British Airways shares have lost 3% in the London Stock Exchange market yesterday, after unveiling of the new industrial plan of airline, which could forecast up to 10.000 jo... more

Finance and economyFRENCH ECONOMY SLOWDOWN IS DUE ALSO TO MISSED AIRBUS AIRCRAFT DELIVERY

PARIS, FRANCE, According to French financial ministry declarations, it seems that French economy slowdown is also due to missed deliveries of Airbus aircrafts, caused by order cancellation. Airbus delivered... more

Finance and economyAIR FRANCE SHARES JUMP AFTER DIFFUSION OF POSITIVE FINANCIAL DATA

PARIS, FRANCE, After the financial data of the French carrier Air France have been diffused, the shares of airline jump at Paris Stock Exchange, which is overally negative. The sales increment, according... more

Finance and economyBANKS RECOVER PLAN FOR SWISSAIR IS READY

ZURICH, SWITZERLAND, The two major Swiss banks, UBS and Credit Suisse, developed a recovering plan to help the debt burdened Swissair airline, which has suffered a 97% loss of its shares at Zurich Stock... more

Finance and economySNECMA GOES TO STOCK EXCHANGE

LE BOURGET, PARIS, The French industry Snecma, specialized in aviation and aerospace engines, has been quoted in Paris Stock Exchange for a 25% of its capital. According to French Prime Minister Lionel... more

Finance and economyROCKWELL COLLINS AWARDED A OVER 16 USDM CONTRACT

USA, Rockwell Collins Inc., Cedar Rapids, Iowa, is being awarded a contract with an estimated cumulative total of $16,763,245 for IFM modules to be used with AN/ARC-201 SINCGARS tactical airborne ATG... more

Finance and economyNORTHROP AWARDED A NEAR 7 USDM CONTRACT

USA, Northrop Grumman Corp., Bethpage, N.Y., is being awarded a USD 6,900,000 contract for three outer wing panels for the U.S. Navy E-2C aircraft. Work is expected to be completed by March 2005. more

Finance and economyRAYTHEON MISSILE SYSTEMS AWARDED A NEAR USD20M MODIFICATION CONTRACT

USA, Raytheon Missile Systems, Tucson, Ariz., is being awarded a USD 19,845,344 modification to a previously awarded contract with the Naval Air Systems Command, Patuxent River, for an engineering change... more

Finance and economyLITTON AWARDED NEAR 9 USDM CONTRACT

USA, Litton Systems Inc., San Carlos, Calif., is being awarded a USD 8,939,423 (estimated) contract by Ogden Air Logistics Center, Hill AFB, Utah, to provide for three years of repair services for the... more

Finance and economyFENN MANUFACTURING AWARDED OVER 12 USDM CONTRACT

USA, Fenn Manufacturing Co., Newington, Connecticut, is being awarded a $12,542,600 delivery order by U.S. Army Aviation & Missile Command, Redstone Arsenal, Alabama for 68 rotary wing heads to support... more

Finance and economyAUSTIN CO AWARDED A OVER 21 USDM CONTRACT

USA, The Austin Corporation, Houston, Texas, is being awarded a over 21USDm contract by the U.S. Army Engineer District, Tulsa, Oklahoma for the design and construction services of a one-bay facility... more

Finance and economyBAE SYSTEMS' SHARES GO DOWN ON THE STOCK EXCHANGE

LONDON, GREAT BRITAIN, After the announcement of BAe Systems' entry in the new European missilistic pole, Mbda, BAe registered a 4,5 pence lost on the 334,5 pence value in the stock exchange. Mbda incudes,... more

Finance and economyUSA-CHINA: TRADE RELATIONS DETERIORATED AFTER HAINAN ACCIDENT?

CHINA, What is the load of the American fighter question in the normal Usa-China trade relations? Before the US crew was finally released only two days ago, Beijing entrance in WTO (World Trade Organization),... more

Finance and economyPOSSIBLE AGREEMENT BETWEEN NORTHWEST AND ITS MECHANICS

USA, After many years the dispute between Northwest Airline and the 10000 mechanics asking for a new contract seems to have arrived to an end. President Bush appointed a Presidential Emergency Board... more

Finance and economyREQUEST FOR RESTRUCTURING

NEW YORK, Iata General Manager Pierre Jeanniot opened last week the International Air Transport Association (IATA) finance section of 2001 inviting the airlines to a swift firm restructuring. The... more

Finance and economyALENIA MARCONI JOINS ''TEAM JANUS'' FOR ANTI-MISSILE DEFENCE

ROME, ITALY, Alenia Marconi Systems joined yesterday the "Team Janus" reserved to participate to Nato's competition for the realization of the pre-feasible study of the future anti-missile integrated defence... more

Finance and economyEU: E17,5 BILLION TO RESEARCH AND DEVELOPMENT

BRUSSELS, In order to reach USA and Japan results, the European Union allocated a bottom of E17.5 billion assigning to the research and the development: part of the financings will go to the aeronautics... more

Finance and economy8% RAISE OF LOCKHEED SHARES

NEW YORK, USA, Lockheed Martin shares registered a value increase of about 8% in Wall Street stock exchange, after some extensive costs-reducing measures, involving less interests, fiscal and pension expenses,... more

Finance and economyDECEMBER TRAFFIC SEEN WEAK AT U.S. AIRLINES AMID ECONOMIC SLOWDOWN

U.S.A., U.S. airline traffic declined sharply during the first three weeks of December in a possible sign the slowdown is finally taking a toll on an industry that traditionally lags the economy. Domestic... more

Finance and economyDEVELOPING COUNTRIES: DEBTS FOR WEAPONS, EXECUTIVE AIRCRAFTS, OFFICIAL SHIPS TO BE ERASED

ROME, The italian minister of Finance Vincenzo Visco said the debts of developing countries including arms, military systems and official goods, as executive aircrafts, expensive cars, telecommunication... more

Finance and economyONE THIRD OF ONLINE-SALES BELONGS TO TRAVEL CATEGORY

USA, According to a report of eMarketer Inc online travel revenues this year will reach one third of total online annual sales. The amount is expected to go up to USD$12.4 million. more