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Hawker Beechcraft Acquisition, LLC Reports its Third Quarter 2007 ResultsWichita, KS (Vocus) November 7, 2007 -- Hawker Beechcraft Acquisition Company, LLC (www.hawkerbeechcraft.com) (HBC) reported third quarter 2007 operating income of $62.1 million. Total net bookings were $945.4 million, resulting in a backlog of $5.2 billion.
Sales for the third quarter 2007 were $871.0 million. HBC (www.hawkerbeechcraft.com) delivered 106 commercial and special mission aircraft, including eight of the recently certified Hawker 900XP, a derivative of the Hawker 850XP. This compares to 95 commercial and special mission aircraft delivered by the predecessor company during the third quarter of 2006.
?We continue to see strong demand across all our markets and ended the quarter with over 50% of our backlog coming from international customers,? said Jim Schuster, chairman and CEO.
Operating cash flow has been $196.4 million since the acquisition of the business on March 26, 2007, reflecting an increase in customer deposits, collection of financing receivables and a reduction in the level of used aircraft inventory. There has been some adverse impact to cash flow associated with the delay in the delivery of Premier IA and T-6A Texan II aircraft, due to issues relating to supplier compliance with parts specifications. Deliveries of the Premier resumed in October.
Financial and other information for the third quarter 2007 is available on the Company?s website at www.hawkerbeechcraft.com.
Conference call on the Third Quarter 2007 Financial Results
Hawker Beechcraft Acquisition Company, LLC?s third quarter 2007 earnings results conference call will be at 9:00 a.m. CST on Tuesday, November 13, 2007. To attend, please register at https://cossprereg.btci.com/prereg/key.process?key=PEUC9DQ99
Once you have registered, you will be provided with the information you need to join the conference, including dial-in numbers and pass codes.
A recording of the earnings call will be posted to the website on the afternoon of November 13, 2007.
Hawker Beechcraft is the world?s leading business, special-mission and trainer aircraft manufacturer ? designing, marketing and supporting aviation products and services for businesses, governments and individuals worldwide. The company?s headquarters and major facilities are located in Wichita, Kan., with operations in Salina, Kan.; Little Rock, Ark; and Chester, England, U.K. The company leads the industry with a global network of over 100 factory-owned and authorized service centers.
This release contains ?forward-looking statements? within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management?s assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other periodic reports posted to our website and/or required to be filed with the Securities and Exchange Commission.
Investor Relations Contact: Jim Sanders +1.316.676.3050
Press Contacts: Jackie Berger +1.316.676.7690 Mike Turner +1.316.676.8674
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