| Business Summary | | Advanced
Aerodynamics
&
Structures,
Inc.
(AA&S)
is
a
development
stage
enterprise
organized
to
design,
develop,
manufacture
and
market
propjet
and
jet
aircraft
intended
primarily
for
business
use.
The
Company
has
obtained
a
type
certificate
from
the
Federal
Aviation
Administration
with
respect
to
a
non-pressurized,
single-engine
aircraft
powered
by
a
Pratt
&
Whitney
propjet
engine
(the
JETCRUZER
450).
AA&S
is
modifying
the
JETCRUZER
450
to
develop
a
six-seat
(including
pilot),
pressurized
version
of
such
aircraft
for
commercial
sale
(the
JETCRUZER
500)
which,
the
Company
anticipates,
will
takeoff
and
land
in
less
than
2,000
feet,
be
able
to
fly
at
30,000
feet
above
sea
level,
and
have
a
high
cruise
speed
of
approximately
345
mph
and
a
capability
of
flying
from
Los
Angeles
to
New
York
with
only
one
stop. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Advanced
Aerodynamics
and
Structures
is
a
development
stage
enterprise
organized
to
design,
develop,
manufacture,
and
market
propjet
and
jet
aircraft
intended
primarily
for
business
use.
For
the
six
months
ended
6/30/01,
revenues
fell
83%
to
$15
thousand.
Net
loss
applicable
to
Common
totaled
$9.6
million,
up
from
$3.8
million.
Revenues
reflect
lower
interest
income.
Higher
loss
also
reflects
increased
research
and
development
costs
and
higher
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Carl Leei Chen, Ph.D., 54 Chairman,
Pres and Chief Exec. Offficer | $239K | David Turner, 65 CFO,
VP of Fin. and Admin., Sec. | -- | Gene Comfort, 57 Exec.
VP and Gen. Mang. | 153K | Michael Lai, 53 VP-
Engineering | -- | Dollar amounts are as of 31-Dec-2000 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
|
|