MD Staff car park
A friend of mine flew into Phoenix/Sky Harbor the other day. On long finals you come over Mesa and he said there were no more than 20 cars in the MD car park early afternoon and in years past there were many many more than this.
Given the quote from Kaman in their 1Q financials, what hope is there for MD?
"Helicopter subcontract work involves commercial helicopter programs. Current programs include multi-year contracts for production of fuselages and rotor systems for various MD Helicopters, Inc. (MDHI) aircraft. Total orders received from MDHI are running at significantly lower rates than originally anticipated. The company has developed a large investment in these contracts (including receivables, start-up costs, and other program expenditures) and has experienced difficulty with receipt of payments from MDHI. The company is concerned about this exposure and is working with MDHI in an effort to address their payment issues." (Kaman)