Good Week

Alliant Techsystems
The weapons and space systems company expects to boost earnings, strengthen cash flow and reduce pension volatility through a strategic capital deployment plan. The company's shares broke through $80 after it revealed the plan, which will see it using proceeds from a $300 million convertible debt offering to buy back 1.25 million shares and add $300 million to its pension fund.

 

Stork
The Dutch industrial giant is under pressure from two big shareholders who want it to concentrate on aerospace and ditch its other businesses, which include print, food and technical services. Centaurus and Paulson - with a combined share of 32.4% - say Stork's "umbrella" structure has left it "undervalued on the market". Stork Aerospace includes the former Fokker business and had revenues of €551 million ($705 million) last year.

Bad week

"I find being able to transport millions of people around the world, who had previously not been able to afford flying, a very spiritual aim."

former pastor Raymond lee, chairman of new low-cost carrier oasis hong kong airlines, on his new vocation

 

Source: Flight International