Turbocharged performance from Hampson.
Investors Chronicle - magazine and web content, February, 2008
Buoyant conditions for civil and military aerospace, and a turnaround at Hampson's automotive turbocharger business, are likely to result in stronger-than-expected profits this year. Stephen Gunnion
The combined order books of Airbus and Boeing rose 37 per cent in 2007 to 6,848 aircraft, which means that there are seven and a half years of work now in backlog. That guarantees work for those companies supplying engines and components for their aircraft, such as Hampson Industries.
In a recent trading update, Hampson says its aerospace portfolio has extended its strong first-half performance, assisted by the buoyant conditions created by Boeing and Airbus. In particular, CHI, the specialist high temperature composites business bought a year ago, has...
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