| Northstar Electronics’ Q2 Sales Up 27% |
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| Tuesday, 21 August 2007 04:44 | |||
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VANCOUVER – Northstar Electronics announced second-quarter revenues were $472,828, up almost 27% year-over-year. The company incurred a loss of $201,043 for the quarter, down almost 6% from the same period last year. First-half revenues were $660,360, down 33% year-over-year. The company incurred a net loss of $408,497, up 17%. In the first half, Northstar won two contracts from Lockheed Martin: The first award, from Lockheed Martin Aeronautics, is worth $6.3 million. Under it, Northstar is manufacturing parts for the refurbishment of P-3 Maritime Surveillance airplanes. Under the second contract, from Lockheed Martin Canada, Northstar is designing and building prototypes of a sonar system. Northstar provides EMS services and develops various security and defense OEM products.
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| Last Updated on Tuesday, 21 August 2007 04:45 |
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