Singapore Technologies Engineering Ltd : aerospace arm injects capital into its aircraft seat business . Singapore Technologies Aerospace injected its proportional share amounting to s$3.574 mln into st aerospace aircraft seats pte .injection of capital not expected to have material impact on consolidated nta per share & earnings per share for current fy.
Magellan Aerospace Corp : Magellan Aerospace Corporation announces financial results . Q4 revenue C$247.1 million versus I/B/E/S view C$250.4 million . Qtrly earnings per share $0.41 . Traditional regional aircraft market is not expected to change in 2017 . Magellan Aerospace Corp - "many expect that U.S. Defense procurement spending will rise under new US administration" . Magellan Aerospace - it is as yet unknown what impact political movement towards nationalism in U.S. and UK will have on global defense spending .Magellan Aerospace- commercial rotorcraft & business jets markets remain down and are not expected to change much in 2017.
Saab AB : Says Ulf Nilsson will leave his position as head of business area Aeronautics and thus group management . Says Lennart Sindahl becomes acting head of business area aeronautics and an adjunct member of group management. .Says recruitment of a new head of the business area has begun.