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Aerospace/Defense - Major Diversified
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Icelandair Group

Icelandair Group

Icelandair Group, listed on the NASDAQ OMX Iceland as ICEAIR, is a holding company with 12 independent subsidiaries focused on the airline and tourism sectors. The Group has two main business areas, Scheduled Airline and Tourism and Capacity Solutions. Iceland is the focus of Scheduled Airline and Tourism, with the international airline Icelandair, Icelandair Ground Services (IGS) Icelandair Cargo, Iceland Travel, Air Iceland and Icelandair Hotels. Capacity Solutions offer broad worldwide aviation services with Loftleidir Icelandic, Travel Service, SmartLynx, Bluebird Cargo, and Icelease. The Group's financial services are handled by Fjarvakur.Icelandair Group owns and operates profitable and dynamic travel and transport companies delivering safe, reliable and convenient services. We create value for our customers, employees and shareholders by focusing on customer needs, efficient service delivery and unique and superior value propositions. We invest in strong, profitable travel and transport companies with high potential for growth and future value creation.

GE Engine Services, Inc

GE Engine Services, Inc

General Electric is the world's largest maker of jet engines, so if you've ever been to an airport, you've doubtless heard the whine of GE jet engines. Keeping all those engines functioning is the task of GE Engine Services. The company provides engine maintenance, repair, overhaul services, and technology upgrades, as well as engine exchange. It supplies customers with new and used engine parts; leases engines and provides financing for engine customers; and inspects, analyzes, and diagnoses engines. Not only does it work on its own engines, but it also works on its competitors' engines, including those made by Rolls-Royce and Pratt & Whitney.

Heli-Flite Aris

Heli-Flite Aris

Who hasn't wanted to rent a helicopter to put out a fire, construct a building, or film a movie? For those with such inclinations, Heli-Flite Aris rents and leases special-use helicopters equipped with fire-dousing buckets, heavy-lift capabilities, and special equipment for filming. The company also provides helicopter maintenance and charter services. The company's fleet -- flying from locations near Los Angeles and San Francisco -- includes Bell, Sikorsky, and Eurocopter models. Customers include fire departments, construction companies, and video/film production companies.

Skywest Limited

Skywest Limited

Skywest Limited emerged out of the ashes of Ansett Australia. Serving more than 15 destinations in Western Australia, the Northern Territory, and Bali, Skywest operates a fleet of Fokker 50 turboprops and Fokker 100 jets. Skywest also provides charter services for the government, mining companies, and others to remote areas in Western Australia. The company's Skywest Holidays division offers packaged vacation excursions. For those wanting to get farther out than Down Under, Skywest operates interline agreements with Singapore Airlines, Thai Airways, Emirates, and others. Advent Air owns about 62% of Skywest.

Alaska Air Group Inc.

Alaska Air Group Inc.

Alaska Air Group, Inc., through its subsidiaries, Alaska Airlines, Inc. and Horizon Air Industries, Inc., operates as an airline company serving destinations in the western United States, Canada, and Mexico. The company provides passenger air services; and freight and mail services primarily to and within the state of Alaska and on the West Coast. As of December 31, 2008, Alaska Airlines operated a fleet of 110 jet aircraft; and Horizon Air Industries operated a fleet of 18 jets and 41 turboprop aircraft. The company was founded in 1932 and is headquartered in Seattle, Washington.

Lockheed Martin UK Holdings Limited

Lockheed Martin UK Holdings Limited

Lockheed Martin UK Holdings Limited, a subsidiary of Lockheed Martin Corporation [NYSE: LMT], has acquired HMT Vehicles Limited, a United Kingdom-based developer of designs for military vehicles. HMT Vehicles Limited (HMT) is a privately owned company that has funded the development for innovative designs that have been incorporated into light to medium high mobility wheeled military vehicles in the U.S. and U.K. HMT owns and licenses the intellectual property associated with these designs. Vehicles incorporating HMT’s designs are used as platforms for weapons programs such as the Lightweight Mobile Artillery Weapons System and the Soothsayer electronic warfare programs in the UK. Lockheed Martin plans on incorporating HMT’s designs into its vehicles for U.S. programs such as the Lightweight Prime Mover program and the U.S. Army’s Future Tactical Truck System (FTTS). Lockheed Martin UK Holdings Limited, located in London, will manage the HMT Vehicle business in coordination with Lockheed Martin Systems Integration, based in Owego, NY. “The HMT acquisition aligns with the Corporation’s cash deployment strategy of acquiring companies that enhance our core focus areas and position us for future growth,” said Bob Stevens, Lockheed Martin Chairman, President and Chief Executive Officer. “HMT’s highly innovative vehicle designs will enhance the functionality of Lockheed Martin’s vehicle products, which will benefit our customers and the critical missions they support worldwide.”

Ballistic Recovery Systems, Inc.

Ballistic Recovery Systems, Inc.

Ballistic Recovery Systems (BRS) lets you down easy with its rocket-deployed emergency recovery parachute system, which has been credited with saving over 200 lives. BRS is unique in its fabrication of whole-aircraft canopies designed to bring recreational, general and light sport aircraft, including the Cessna 172/182 and Cirrus SR20/SR22, safely to the ground. BRS is partnered with CIMSA Ingenieria de Sistemas (Spain) to expand its share in civil and military markets worldwide. Wholly owned subsidiary Advanced Tactical Fabrication (ATF) produces personal safety equipment, such as high-visibility apparel, components, trims, and emergency lighting systems under the Head Lites brand.

Surrey Satellite Technology Limited

Surrey Satellite Technology Limited

Surrey Satellite Technology Limited (SSTL) has been sending small satellites into space longer, more successfully and more economically than anyone else in the world. We have built our reputation as the world’s premier provider of small satellite missions over 28 years. We launched our first satellite in partnership with NASA in 1981. Since then our global business has reached across five continents. We have launched 34 satellites - more than anyone else in the small satellite industry. We specialise in designing, building and launching small satellites quickly and cost-effectively, making space accessible and affordable.

Sikorsky Aircraft Corporation

Sikorsky Aircraft Corporation

Russian-born helicopter pioneer Igor Sikorsky is long dead, but helicopters bearing his name still fly the skies. A subsidiary of United Technologies, Sikorsky Aircraft makes such military helicopters as the Black Hawk (troop assault, combat support, special operations, and medevac operations) and the Seahawk (submarine hunting, missile targeting, anti-surface ship warfare, and search and rescue). Sikorsky is developing the next-generation CH-53K helicopter (to replace the CH-53E) for the US Marines. Civil products include the S-76 and S-92, which are used for rescue, offshore oil, medical, and corporate use. Sikorsky also offers fixed-wing aircraft, spare parts, and MRO services for helicopters.

Erickson Air-Crane, Inc.

Erickson Air-Crane, Inc.

In 1971, Erickson Lumber Company, owned by second-generation logger and entrepreneur, Jack Erickson, leased an S-64E Skycrane helicopter from Sikorsky Aircraft and renamed the company Erickson Air-Crane. This occurred two years after the FAA announced a Standard Transport Category certification of the aircraft for loads up to 20,000 pounds (9,072 kg). At that time, many small operations around the world and particularly in Russia were experimenting with helicopter logging with little success due to the high cost of flying the helicopters. Mr. Erickson realized the specialized nature of the Skycrane and used his years of experience in the logging industry to gain the maximum benefit from this heavy lift helicopter. This system proved to be consistently profitable and led to the purchase of the first S-64 Skycrane in 1972, followed by the purchase of three more aircraft later that same year. Since that time, Erickson Air-Crane has harvested timber in many areas of the United States, Malaysia, Indonesia, and Canada. The Aircrane was seen in the beginning as a highly efficient harvesting tool, now more lumber companies are also choosing the Aircrane logging system because of the minimal effect on the forest ecosystem and the access it affords to steep remote terrain.The Erickson S-64 Aircrane is manufactured by Erickson Air-Crane Incorporated which is headquartered in Central Point, Oregon. The aircraft was originally manufactured by Sikorsky Aircraft as the S-64A "Skycrane" and sold to the Army as the CH-54A "Tarhe". The CH-54 performed with an outstanding service record in Vietnam supporting the Army's First Cavalry Division, Airmobile by retrieving over 380 damaged aircraft, saving an estimated $210 million. The S-64 was the first helicopter built as a flying crane with an aft-facing pilot station that gives the pilot an unobstructed view of the load being carried and full positive control of the aircraft during precision operations.

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