Vought Aircraft IPO

Another company has decided to come to the stock markets for want of money. The Vought Aircraft Holdings is now planning an IPO or Initial Public Offering.

What is the business of Vought Aircraft?
The Vought Aircraft company is in the business of making parts and subsystems for commercial, military and business jet aircraft.
Vought is a support partner to the world's leading aerospace manufacturers. The company excels as a Tier I Integrator - filling the gap between prime contractors and traditional subcontractors by providing large, complex aerostructures on a turnkey basis.

Vought's key capabilities include:
• research and development
• design and tooling
• manufacturing
• testing

What is the size of the Vought Aircraft IPO?
The expected value of the Vought Aircraft IPO can be around 250 million USD. Though the valuations may change at the later stage. The value here is only indicative for the purpose of filing the application with SEC.

Who are the customers of Vought Aircraft?
The company's customers include Airbus, Bell Helicopter, Boeing, Cessna, Gulfstream, Hawker Beechcraft, Lockheed Martin, Northrop Grumman, Sikorsky and the U.S. Air Force

What are the business valuations and financial results of Vought Aircraft ?
For the three months ended March 30, Vought's earnings totaled $27.6 million, compared with $19.2 million in the first three months of 2007. The company's revenue grew to $425.4 million, from $380.7 million.

Where will the IPO proceeds be used by Vought Aircraft IPO?
Vought plans to use the proceeds from the IPO to repay debt and for working capital and general corporate purposes.

Who are the underwriters of the issue?

Lehman Brothers, JP Morgan Securities & Goldman Sachs are the underwriters of the issue. Vought plans to list its shares on the New York Stock Exchange under the symbol "VTC."

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