| Business Summary | | Aero
Systems
Engineering,
Inc.
is
a
global
turnkey
provider
of
test
facilities
and
systems
for
the
aerodynamic
and
propulsion
test
system
markets.
The
Company
is
engaged
in
two
lines
of
business.
The
first
is
related
to
the
design,
equipping,
manufacture
and
construction
of
test
facilities
for
turbine
engines,
engine
accessories
and
wind
tunnels.
The
second
business
line
is
providing
aeropropulsion
component
testing
and
aerodynamic
testing
services
at
the
Aerotest
Laboratory
facility.
The
Company
is
attempting
to
expand
into
the
industrial
engine
and
small
commuter
engine
testing
market
place.
In
addition,
acoustic
measurement
processes
to
measure
noise
levels
are
technologies
where
the
Company
is
creating
new
customers
and
providing
additional
value
to
existing
customers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Aero
Systems
Engineering
is
a
global
turnkey
provider
of
test
facilities
and
systems
for
the
aerodynamic
and
propulsion
test
system
markets.
For
the
six
months
ended
6/30/01,
revenues
fell
20%
to
$11.8
million.
Net
loss
rose
76%
to
$379
thousand.
Revenues
reflect
the
delay
and
uncertainty
of
the
U.S.
government's
approval
of
the
export
license
application
for
the
major
wind
tunnel
project.
Higher
loss
also
reflects
higher
interest
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Christer Persson, 50 Chairman | -- | Charles Loux, 51 Pres,
CEO, Director | $48K | Steven Hedberg, 47 CFO,
Sec. and Treasurer | -- | Michael Browne, 38 VP | -- | Donald Kamis, 57 VP | 109K | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|