SAAB: Aerothrust Awarded U.S. Military Contract.Business Editors STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden--(BUSINESS WIRE)--Sept. 6, 2000 Aerothrust Corp., a member of business area Celsius Cel·si·us adj. Abbr. C Of or relating to a temperature scale that registers the freezing point of water as 0° and the boiling point as 100° under normal atmospheric pressure. Aviation Services, has been awarded a new jet engine maintenance contract valued at ss. 110 Million (1020 MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner ). The company, based at Miami Int'l Airport, will perform heavy maintenance on JT8D Pratt&Whitney jet engines for the US Navy/Marine Corps C-9, Air Force C-9, T 43-A and C-22B aircraft. These are airplanes primarily used for the transport of personnel, supplies and equipment. The engines will be shipped to the company's Miami plant from around the country and from military bases in Germany and Japan. We are delighted to reach this agreement and continue to expand our business relations with the US military, says Christer Persson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Celsius Aviation Services. Aerothrust employs 260 people and have just completed a successful five year contract with the US military. The new contract, which is a six-year agreement, was a result of a competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. process involving several other jet engine maintenance companies. Business area Celsius Aviation Services, with headquarters in the USA, provides commercial and military aircraft maintenance at about thirty locations around the world. The US operations accounts for about two-thirds of sales and Europe, Australia/South East Asia East Asia A region of Asia coextensive with the Far East. East Asian adj. & n. the remainder. Operations cover a wide range of services including engine, component and aircraft maintenance as well as asset management services and engineering services related to testcells- and windtunnel technology. Celsius Aviation Services has reported strong growth over the past five years and has an annual sale of over 360 MUSD (3000 MSEK) and employs 1450 people around the world. Saab is northern Europe's leading high technology company, mainly active in the defence, aviation and space industry, and offers advanced products and systems based on sophisticated information technology. The business areas within Saab are Infomatics, Aerospace, Dynamics, Technical Support and Services, Space and Aviation Services. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2000/09/06/20000906BIT00830/bit0001.doc http://www.bit.se/bitonline/2000/09/06/20000906BIT00830/bit0002.pdf |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion