Northstar Aerospace acquired by private equity firm
Source: Wynnchurch Capital, 16-Sep-12
Wynnchurch Capital (“Wynnchurch”), a leading middle-market private equity firm, announced today that its newly formed portfolio company, Heligear Acquisition Holdings Co. (together with its subsidiaries, the “Company”), has acquired substantially all of the operating assets of Northstar Aerospace, Inc. and its subsidiaries (together, “NSA”) through court administered insolvency proceedings in both the United States and [...]
Northstar Announces CCAA and Chapter 11 Filings
Source: Northstar Aerospace, 15-Jun-12
June 14, 2012, Northstar Aerospace, Inc. (the “Corporation”, together with its affiliates “Northstar”) announced today that, after full consideration of all its available alternatives, its U.S. subsidiaries, Northstar Aerospace (USA) Inc., Northstar Aerospace (Chicago) Inc., Derlan USA Inc. and D-Velco Manufacturing of Arizona, Inc. have filed Chapter 11 petitions in the United States Bankruptcy Court for the [...]
Northstar reaches agreement with Sikorsky
Source: Northstar Aerospace, 22-Feb-12
Northstar Aerospace (Canada), Inc. (NAS:TSX) (“Northstar Canada”), a wholly owned subsidiary of Northstar Aerospace, Inc. (the “Corporation”) announced that it has entered into an amendment to a customer agreement and entered into a new customer agreement. Northstar Canada agreed to amend the Revenue Sharing Agreement with GE Aviation for the CF34-3 program. As previously disclosed [...]
Northstar Aerospace warns of imminent “going concern” issue
Source: Northstar Aerospace, 30-Jan-12
CHICAGO, ILLINOIS – January 29, 2012, Northstar Aerospace, Inc. (NAS:TSX) (the “Corporation”) announced today that it has received a notice from a major customer claiming breach of its obligations under certain contracts. This notification demands that the Corporation must cure such breach or otherwise resolve the claims within ten days. The Corporation is evaluating the [...]
Northstar Aerospace revenue up 16% but plans Indiana closure
Source: Northstar Aerospace, 14-May-10
CHICAGO, ILLINOIS, MAY 13, 2010 – (All amounts within this news release are stated in U.S. dollars unless otherwise stated.) Northstar Aerospace, Inc. (the “Company”) today reported revenue from continuing operations for the three months ended March 31, 2010 of $52.6 million compared to $45.2 million in the same period of 2009. Defense revenue was [...]
Northstar Aerospace wins $53M Apache modernization contract
Source: Northstar Aerospace, 05-May-10
(All amounts in this news release are stated in U.S. dollars.) Northstar Aerospace (Canada), Inc., a subsidiary of Northstar Aerospace, Inc. (“Northstar”), has received a purchase contract from The Boeing Company for the production of transmission components using the innovative split-torque Face Gear technology for the U.S. Army’s AH-64D Apache Block III Helicopter Modernization Program. [...]
AgustaWestland awards Lynx rotorhead contract to Northstar Aerospace
Source: AgustaWestland, 25-Mar-10
Northstar Aerospace (Canada) Inc., a subsidiary of Northstar Aerospace, Inc. (“Northstar”), has been awarded a $7 million contract to manufacture rotor heads for the AgustaWestland Lynx helicopter, a multi-purpose helicopter used in military applications. Northstar will manufacture the rotor heads at its Milton, Ontario site with delivery to AgustaWestland’s Yeovil, England facility to begin in [...]
Northstar Aerospace appoints Chief Strategy Officer, names new Chief Financial Officer
Source: Northstar Aerospace, 21-Nov-09
Northstar Aerospace Inc. has appointed Craig Yuen to the new role of Chief Strategy Officer and named Greg Schindler as the company’s Chief Financial Officer.
