United States dollar

February 5, 2014 - 12:50am

Robinson Helicopter posted another solid year in 2013, but it could have been even better had the U.S. dollar not surged against select foreign currencies. That’s the word from company CEO Kurt Robinson. “This year [2013] is almost identical to last year [2012],” said Robinson, whose company produced 517 helicopters across its product line in 2012. Preliminary production numbers for the company that do not include the closing days of 2013 indicate it produced 39 R22s, 80 R44 Raven Is, 198 R44 Raven IIs and 188 R66 turbine singles.

October 1, 2008 - 11:44am

While orders notched by European aerospace OEMs and suppliers in the last year have reached record levels, the continued weakness of the U.S. dollar against the euro is eroding profits and putting increased pressure on some companies to move production outside Europe to low-cost and/or dollar-zone countries.

July 12, 2008 - 7:45am

Leaders of Europe’s aerospace industry met with the president of the European Central Bank (ECB) at its Frankfurt headquarters on July 10 to express their “deep concern regarding the impact on their industry of the rapid and extreme fluctuation of the U.S. dollar compared to the euro,” according to the AeroSpace and Defense Industries Association of Europe (ASD).

July 12, 2008 - 6:05am

Leaders of Europe’s aerospace industry met with the president of the European Central Bank (ECB) at its Frankfurt headquarters on July 10 to express their “deep concern regarding the impact on their industry of the rapid and extreme fluctuation of the U.S. dollar compared to the euro,” according to the AeroSpace and Defense Industries Association of Europe (ASD).

July 12, 2008 - 3:47am

Jet fuel prices are soaring, capital markets are drying up, Western economies at best are stalled and defense budgets are under threat as shrinking tax bases swell national debts to unsustainable levels. But you won’t find many prophets of doom among the top aerospace executives gathered here for the 2008 Farnborough International show.

March 28, 2008 - 5:58am

Dassault Aviation CEO and Gifas chairman Charles Edelstenne, speaking at French aerospace trade group Gifas’s annual meeting last month, said the French aerospace industry wrote a record E57.5 billion in orders last year but warned, “These results hide a very worrying reality. With the euro currently valued at over $1.50, orders are less profitable” since the aerospace industry sells its products in U.S. dollars.

November 27, 2007 - 6:19am

International Water-Guard Industries (IWG) is “adjusting its pricing and business policies in response to the unprecedented shift in exchange rates between the U.S. and Canadian dollar.” According to IWG president and CEO David Fox, the Burnaby, British Columbia-based company has raised its U.S. prices by 7 percent “while working with non-U.S.

November 11, 2007 - 7:34pm

EADS is working out the details of an addition to its Power 8 restructuring plan to cope with the continued decreasing value of the dollar against the euro. Speaking at the European company’s third quarter result conference in Amstersdam, Netherlands, on November 8, EADS CEO Louis Gallois said current hedges are not strong enough to counterbalance the effect on profits.

May 22, 2007 - 8:03am

Much of the unprecedented recent growth in sales of business aircraft has been driven by the international market, where advantageous exchange rates have made dollar-denominated assets unusually affordable.

February 1, 2007 - 10:08am

The continued weakness of the U.S. dollar on international currency markets is stimulating sales of U.S.-based business aircraft to foreign buyers. With the dollar recently reaching historic lows against the three-year-old euro, prospective buyers from Europe are pouncing on exchange-rate-based discounts.

 
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