Aerospace |
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Whitehall
Sees Its $100 Million Order Erased According to a statement from Whitehall, the Air Force had reevaluated its requirements and decided instead to perform the maintenance at an Air Force facility. The company's Aero Corp. unit will be compensated for all incurred costs relevant to the 5-year contract. Whitehall, which earned about $70 million in revenues last
year, recently agreed to acquire a Macon, Georgia maintenance
operation with annual revenues of about $20 million. Whitehall
stated that it intends to make up for the lost Air Force
contract through additional commercial maintenance deals.
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