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Saab's FX-2 fighter bid to Brazil has received strong support from the UK government, with a decision just weeks away ...
LONGUEUIL, QUEBEC--(Marketwire - Nov. 4, 2009) - Pratt & Whitney Canada (P&WC) has received Transport Canada type certification for its new PW535E engine selected to power the Embraer Phenom 300 light business jet. Pratt & Whitney Canada is a United Technologies Corp. (NYSE:UTX) company. 'This is a
http://www.marketwire.com/press-release/Pratt-and-Whitney-Canada-1070922.html
SAO JOSE DOS CAMPOS, Brazil, Oct. 30 /PRNewswire-FirstCall/ -- Embraer (BMFBOVESPA: EMBR3; NYSE: ERJ), the world's leading manufacturer of commercial jets with up to 120 seats, recorded net sales of US$ 1,246.0 million in the third quarter of 2009 (3Q09), and net income of US$ 57.7 million,
Southwest Airlines is arriving, AirTran has settled in and Midwest Airlines' last Boeing 717 is about to take off. Starting this week, air service from Mitchell International Airport undergoes some big changes.
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LONGUEUIL, QUEBEC, Nov 04, 2009 (MARKETWIRE via COMTEX) --
Pratt & Whitney Canada (P&WC) has received Transport Canada type certification for its new PW535E engine selected to power the Embraer Phenom 300 light business jet. Pratt & Whitney Canada is a United Technologies Corp. (NYSE: UTX) company.
"This is a remarkable milestone and comes 26 months after our first run of the PW535E engine," said John Wyzykowski, Vice President, Mississauga & Turbofan Programs, P&WC. "The Phenom 300 program is progressing quickly towards aircraft certification and we are looking forward to continuing to work with Embraer to ensure first customer deliveries in the near future."
The PW535E turbofan was chosen by Embraer in May 2005 to power the Phenom 300. The engine blends advanced technologies with the proven reliability and durability of the PW535 turbofan engine family that entered service in late 2000. Rated with a maximum takeoff thrust of 3,360 lbs., the PW535E features full-authority digital engine control (FADEC) and injects new advanced proven technologies in the turbine and compressor areas to produce increased thrust with improved fuel consumption.
Embraer exhibited the fifth Phenom 300 prototype aircraft, outfitted with a full interior, at the Latin American Business Aviation Conference and Exhibition (LABACE) Aug. 13-15 in Sao Paulo, Brazil.
Pratt & Whitney Canada, based in Longueuil, Quebec, is a world leader in the design, manufacture and service of aircraft engines powering business, general aviation and regional aircraft and helicopters. The company also manufactures auxiliary power units and industrial gas turbines. United Technologies, based in Hartford, Conn., USA, is a diversified company providing high technology products and services to the global aerospace and building industries.
Contacts: Pratt & Whitney Canada Maria Mandato Media Relations 450-647-4111 maria.mandato@pwc.ca www.pwc.ca
SOURCE: Pratt & Whitney Canada
mailto:maria.mandato@pwc.ca http://www.pwc.ca
Tags: aerospace aircraft aviation brazil business canada conference connecticut family gasoline industrial manufacturer media nyse president products quebec technology
Companies: United Technologies Corp. (UTX)
LONGUEUIL, QUEBEC, Nov 4, 2009 (Marketwire via COMTEX) --
Pratt & Whitney Canada (P&WC) has received Transport Canada type certification for its new PW535E engine selected to power the Embraer Phenom 300 light business jet. Pratt & Whitney Canada is a United Technologies Corp. (NYSE:UTX) company.
"This is a remarkable milestone and comes 26 months after our first run of the PW535E engine," said John Wyzykowski, Vice President, Mississauga & Turbofan Programs, P&WC. "The Phenom 300 program is progressing quickly towards aircraft certification and we are looking forward to continuing to work with Embraer to ensure first customer deliveries in the near future."
The PW535E turbofan was chosen by Embraer in May 2005 to power the Phenom 300. The engine blends advanced technologies with the proven reliability and durability of the PW535 turbofan engine family that entered service in late 2000. Rated with a maximum takeoff thrust of 3,360 lbs., the PW535E features full-authority digital engine control (FADEC) and injects new advanced proven technologies in the turbine and compressor areas to produce increased thrust with improved fuel consumption.
Embraer exhibited the fifth Phenom 300 prototype aircraft, outfitted with a full interior, at the Latin American Business Aviation Conference and Exhibition (LABACE) Aug. 13-15 in Sao Paulo, Brazil.
Pratt & Whitney Canada, based in Longueuil, Quebec, is a world leader in the design, manufacture and service of aircraft engines powering business, general aviation and regional aircraft and helicopters. The company also manufactures auxiliary power units and industrial gas turbines. United Technologies, based in Hartford, Conn., USA, is a diversified company providing high technology products and services to the global aerospace and building industries.
SOURCE: Pratt & Whitney Canada
Pratt & Whitney Canada Maria Mandato Media Relations 450-647-4111 maria.mandato@pwc.ca www.pwc.ca
Tags: aerospace aircraft aviation brazil business canada conference connecticut family gasoline industrial manufacturer nyse president products quebec technology
Companies: United Technologies Corp. (UTX)
SAO JOSE DOS CAMPOS, Brazil, Oct 30, 2009 /PRNewswire-FirstCall via COMTEX/ --
Embraer (BM&FBOVESPA: EMBR3; NYSE: ERJ), the world's leading manufacturer of commercial jets with up to 120 seats, recorded net sales of US$ 1,246.0 million in the third quarter of 2009 (3Q09), and net income of US$ 57.7 million, equivalent to basic and diluted earnings per ADS of US$ 0.3188.
In 3Q09, Embraer delivered 57 jets to the commercial aviation, executive aviation and defense segments, compared to 48 jet deliveries in the third quarter of 2008 (3Q08). The Company's firm order backlog on September 30, 2009, totaled US$ 18.6 billion.
Despite a higher number of deliveries, net revenues for 3Q09 totaled US$ 1,246.0 million, or a 19.4% decrease from the US$ 1,546.0 million in net revenues of 3Q08, basically due to 3Q09 product mix, that included 22 Phenom 100 jets delivered.
The gross margin for 3Q09 totaled 18.8% or a decrease over the 21.7% gross margin of 3Q08, mainly due to the product mix, and the reduction in revenues which caused a lower dilution of fixed costs.
Income from operations totaled US$ 68.0 million in 3Q09, a 32.3% decrease compared to US$ 100.5 million recorded for the same period of last year. The decrease is due to a lower gross profit in the quarter. The operating margin was 5.5% in 3Q09, or a decrease over the 6.5% operating margin for 3Q08. On an accumulated basis, the operating margin of 2009 is 7.0%, higher than 5.8% margin accumulated in 2008.
After a US$ 13.0 million income tax benefit, net income attributable to Embraer was US$ 57.7 million in 3Q09, a stable figure compared to the same number in 3Q08. The net margin was 4.6% in 3Q09 better than the 3.7% in 3Q08.
The Company's operating and financial information is presented, except where otherwise stated, on a consolidated basis in United States dollars (US$) in accordance with US GAAP. The financial data presented in this document as of and for the quarters ended September 30, 2008, June 30, 2009 and September 30, 2009, are derived from the unaudited financial statements, except where otherwise stated. In order to better understand the Company's operating performance, additional information is also presented at this release, in accordance with Brazilian Corporate Law ("Brazilian GAAP").
Investor Relations
Andre Gaia
Caio Pinez
Juliana Villarinho
Paulo Ferreira
+011-55-12-3927-4404
SOURCE Embraer
http://www.embraer.com.br/
Tags: aviation commercial corporate law defense earnings executive gaap manufacturer nyse tax united states
Companies: Embraer-Empresa Brasileira de Aeronautica S.A. (ERJ)
Oct 30, 2009 (Fresh Brewed Media via COMTEX) --
Embraer Empresa Brasileira de Aeronautics (NYSE: ERJ) opened at $22.37. So far today, the stock has hit a low of $21.72 and a high of $22.40. ERJ is now trading at $22.01, down $1.44 (-6.14%). Over the last 52 weeks the stock has ranged from a low of $9.27 to a high of $25.28. ERJ reported earnings this morning, posting a third-quarter profit of $57.7 million, or 32 cents per share, below analysts' forecasts of 47 cents per share. Technical indicators for the stock are neutral and S&P gives ERJ a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ERJ the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 25 range.
ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock
Tags: aeronautics earnings forecasts nyse profit S&P
Companies: Embraer-Empresa Brasileira de Aeronautica S.A. (ERJ)
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São José dos Campos, April 18, 2008 – Embraer will participate in the World Aviation Training Conference & Tradeshow (WATS 2008), April 22-24, at the Rosen Shingle Creek Resort, in Orlando, Fla., promoting its broad array of service solutions. Attendees are invited to visit booth 108 to receive
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http://www.embraer.com/ri/english/content/eventos_e_apresentacoes/teleconferencias.asp
Manufacturer discusses narrowing capacity-demand gap, broad E-Jets deployment São José dos Campos, May 23, 2006 – Embraer today offered an overview of how its EMBRAER 170/190 family is helping airlines optimize the balance between capacity and demand.
ISR systems and other Company defense products in the spotlight São José dos Campos, October 2, 2006 – Embraer will participate in Defendory International 2006, on October 3-7. The show is held every two years in Athens, Greece, and now is in its 14th edition.