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BAE Systems and Aircastle close week with strong gains – Suppliers Share Wrap

Analysis

Shares in Aircastle jumped 6% at the close of trading on Friday, continuing the upwards momentum seen in the stock for most of December. Aircastle declared a 4Q2011 cash dividend on its common shares of USD0.10 per share and announced the appointment of J Robert Peart as CIO. Mr Peart, who will join Aircastle this month, will be responsible for directing the company's investment, lease placement and asset sales activities.

Summary
  • Aircastle's shares jumped 6% and declared a cash dividend on its common shares.
  • BAE Systems gained 1.8% after announcing potential job cuts due to the UK Government's defence spending review.
  • Embraer launched a dedicated Defence and Security unit, but its shares remained flat.
  • Aircastle appointed J Robert Peart as CIO to oversee investment, lease placement, and asset sales activities.
  • BAE Systems and Embraer are diversifying their manufacturing interests into military and private aircraft.
  • The daily share price movements of selected Original Equipment Manufacturers and Aviation Suppliers & Leasing companies were provided.

Also up strongly was BAE Systems, which gained 1.8%, recovering some of the ground lost earlier in the week. The company announced it may shed up to 1400 jobs, as a result of the UK Governments review of its defence spending.

Shares in Embraer were flat, despite news that the company has decided to launch a dedicated Defence and Security unit. The launch is part of Embraer's diversification of its manufacturing interests into military and private aircraft. Embraer is developing the KC-390 military transport.

Selected Original Equipment Manufacturers daily share price movements (% change): 10-Dec-2010

Selected Aviation Suppliers & Leasing daily share price movements (% change): 10-Dec-2010

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