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Aero Vodochody reached record profit in 2008

Written by thomas · Filed Under Aeronautics News 

June 16, 2009

thomas

Le Bourget, France, June 16, 2009: In 2008, Aero Vodochody, the largest aerospace manufacturer in the Czech Republic, made its highest profit in the last six years, USD 23.6 million. The revenue of Aero was approximately USD 250 million.

“In 2008, Aero made a higher profit than in 2007 which confirms that the privatization and the following stabilization of the Company in 2007 were successful. Now we focus on our strategic aim: to be the preferred partner in first-class projects of leading aerospace manufacturers, to participate in risk-sharing projects and offer reliable services and advanced products in the global aerospace and defense industry,” says Igor Hulak, President of Aero. “Aero will keep developing its current potential organically, by innovation and investment in advanced technologies, as well as through international acquisitions. Through acquisitions, we are going to build a new European aerospace group in the CEE region,” adds Igor Hulak.

The revenues in 2008 were mainly influenced by the aerostructures programs, especially the production and sale of the Sikorsky helicopters: more than 50 S-76C++ helicopters and one S-76D prototype were delivered to Sikorsky Aircraft. The companies also together celebrated a jubilee delivery of the 250th helicopter produced by Aero. As for the other aerostructures programs, the Alenia Aeronautica C-27J Program, producing the whole center wing box, the F/A-18 Program (gun bay door for Boeing), subassemblies of Airbus aircraft for EADS or Embraer door subassemblies for Latecoere played the major part in the revenue generation. The Military Program contributed 12 % of the revenue. This was generated mainly through our unique position in supporting the Czech Air Force in its successful L-159 operation as well as continued support of Aero military aircraft in service worldwide.

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