Symbol: NAS Common Shares
CHICAGO, IL, Aug. 9 /CNW/ - (All amounts within this news release are
stated in U.S. dollars) Northstar Aerospace Inc. (the "Company") received new
orders totaling $62.5 million from two current U.S. defense customers during
the second quarter of 2007.
During the quarter, the Company was awarded $39.4 million in orders to
provide components for new build transmissions and spare parts used on the
CH-47 Chinook transport helicopter. In total, Northstar has received more than
$132 million in new CH-47 orders during the first half of this year. The
Company received $73 million in CH-47 orders during 2006.
Also, during the quarter, the Company received $23.0 million in new
orders to provide airframe mounted accessory drives (AMAD) for the F/A-22
Raptor fighter aircraft. The AMAD units drive accessories on the fighter
aircraft. In total, Northstar has received $24.0 million of orders during the
first half of this year.
Orders on these two programs drove the increase in the Company's backlog
at June 30, 2007 to $367 million compared to $222 million at the end of 2006.
Northstar Aerospace Inc. (www.nsaero.com) is North America's leading
independent manufacturer of flight critical gears and transmissions. Northstar
Aerospace is a public company (TSX:NAS) with operating subsidiaries in the
United States and Canada. Its principal products include helicopter gears and
transmissions, accessory gearbox assemblies, rotorcraft drive systems and
other machined and fabricated parts. It also provides maintenance, repair and
overhaul of helicopter engines and transmissions. The Company's executive
offices are located in Chicago, Illinois. Its plants are located in Chicago,
Illinois; Phoenix, Arizona; Stroud, Oklahoma; Anderson, Indiana; and Milton
and Windsor, Ontario.
For further information:
For further information: Craig Yuen, Chief Financial Officer, (708)