Engine upgrades see Senior shrug off downturn
11 April 2012
Business is holding up well at British engineer Senior, as its biggest customers - Boeing and Airbus - help it defy a gloomy economic backdrop.
The firm, which makes aircraft parts like frames and flexible wing joints, has seen no sign of a fall in orders since June, despite the chaos gripping Europe.
The decision by Airbus and Boeing to put new, more fuel-efficient engines on their planes in the years ahead "bodes well for the future", Senior said.
Shares added 1.6p to 162.3p as the firm stick to previous profit estimates. Analysts are pencilling in pre-tax profits of around £76 million.
