Corporate Profile for Aero Systems Engineering, Inc. dated May 5, 2000.Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services.
Published Date: May 5, 2000
Company Name: Aero Systems Engineering, Inc.
Address: 358 East Fillmore Avenue
St. Paul, MN 55107
Main Telephone
Number: 651-227-7515
Internet Home
Page Address
(URL) aerosysengr.com
Chief Executive
Officer: Charles Loux
Chief Financial
Officer: Steven R. Hedberg
Investor Relations
Contact: Steven R. Hedberg
Business number: 651-220-1222
E-mail address: N/A
Public Relations
Contact: Steven R. Hedberg
Business number: 651-220-1222
E-mail address: N/A
Industry: Test equipment and facilities--manufacturing
Trading Symbol/
Exchange: NASDAQ:AERS
Market Makers: R. J. Steichen, Paragon Capital, Carr Securities
Company description: Organized in 1967, Aero Systems Engineering (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AERS AERS Adverse Event Reporting System (database of drug adverse reactions) AERS Association of Educators in Radiological Sciences AERS Army Educational Requirements System AERS Acute Equine Respiratory Syndrome AERS Access/Egress Roadway System ) is a leader in engineering and construction of facilities to test jet turbine turbine, rotary engine that uses a continuous stream of fluid (gas or liquid) to turn a shaft that can drive machinery. A water, or hydraulic, turbine is used to drive electric generators in hydroelectric power stations. engines (test cell) and aeronautic aer·o·nau·tic also aer·o·nau·ti·cal adj. Of or relating to aeronautics. aer  o·nau wind tunnels wind tunnel, apparatus for studying the interaction between a solid body and an airstream. A wind tunnel simulates the conditions of an aircraft in flight by causing a high-speed stream of air to flow past a model of the aircraft (or part of an aircraft) being tested. . It
also provides aerodynamic testing services at its own wind tunnel
facility. Saab Aerospace has recently acquired approximately 80%
ownership of the company via the acquisition of AERS former Swedish 80%
owner-Celsius.Markets: Aero Systems competes in the markets for wind tunnels used for testing airplanes, and other forms of high-speed high-speed adj. 1. Operated or designed for operation at high speed: a high-speed food processor. 2. Taking place at high speed: a high-speed chase. 3. transportation. It also competes in the markets for jet engine testing facilities called "Test Cells." Both wind tunnels and jet engine test cells require advanced capabilities in sound control, and electronic test hardware and software. Test cell and wind tunnel contracts range in value from $1 million to more than $20+ million. The company also provides aerospace test services at its own wind tunnel facility. 1999 Results: The company reported 1999 Revenues of $31.1 million, versus 27.2 million a year earlier. Due mainly to unexpected costs incurred in two wind tunnel projects and the cost to settle a long outstanding lawsuit lawsuit: see procedure; tort. , the company reported a loss of $645,000 or ($.15) per share. Year-earlier earnings amounted to $665,000, or $.15 per share. |
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