Good week
![A-10s](https://d1a2ot8agkqe8w.cloudfront.net/web/2010/08/a-10s_35730.gif) |
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© USAF |
CPI AERO The aerostructures maker racked up a record first half, with sales rising 12% to $23.6 million and pre-tax profit soaring 41% to $3.1 million. Chief executive Ed Fred reaffirmed full-year sales forecasts of $48-$51 million this year and $78-81 million in 2011, when key projects including the Fairchild A-10 (pictured), Northrop Grumman E-2D and Gulfstream G650 will be in "full-scale production and producing consistent significant revenue".
Bad week
![ExpressJet](https://d1a2ot8agkqe8w.cloudfront.net/web/2010/08/expressjet_35729.gif) |
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© ExpressJet |
EXPRESSJET BOARD No sooner had the ink dried on Skywest's $133 million ExpressJet acquisition deal than New York class action lawyers Bull & Lifshitz piled in to investigate whether ExpressJet directors breached their fiduciary duties to shareholders by agreeing to sell the airline for $6.75 per share. The firm claims "extensive experience prosecuting securities fraud and consumer class actionson a contingency and hourly fee basis".
Source: Flight International