Hawker Beechcraft Acquisition Company, LLC Reports Third Quarter 2009 Results
WICHITA, Kan. (Nov. 5, 2009) – Hawker Beechcraft Acquisition Company, LLC (HBAC)
reported lower sales and operating income for the three months ended Sept. 27,
2009, compared to the same period in 2008. The third quarter 2009 results were
impacted by significant non-cash impairment charges related to goodwill,
intangible and other assets, primarily in the Company’s Business & General
Aviation (B&GA) segment. In addition, the quarter was impacted by reduced B&GA
deliveries, caused by adverse market conditions, partially offset by higher
volume in the Trainer Aircraft segment. The comparable quarter of 2008 was
adversely impacted by the effects of the strike by the Company’s union work
force during August 2008.
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