CAE had C$56.5m net income on C$1.1b revenues for third quarter ended Dec 31 vs C$78.1m on C$1b a year ago. Civil Aviation earned C$101m vs C$117.2m on 20% higher sales (it delivered 13 FFSs vs nine); it has C$6.1b backlog.
SIRIUS AVIATION, Switzerland secured order commitment from India's MEHAIR for 50 Sirius Jet hydrogen-powered VTOLs, and 50 options, in deal valued at $400m. As part of deal, MEHAIR will oversee final assembly of aircraft in India.
PPG added two new aerospace adhesives: PR-2940 epoxy syntactic paste adhesive for bonding internal structures; and PR-2936 that uses properties of a shim and sealant for attaching outer skins to internal structures.
AAR announced proposed offering of $500m in senior notes due 2029 to partially fund its pending $725m acquisition of Triumph Group's Product Support business. It is also increasing its existing revolving credit facility from $620m to $795m.
