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Thursday, August 5, 1999 Published at 13:03 GMT 14:03 UK


Business

Aircraft company soars to record profits

Increased orders have helped boost profits at Shorts

The Belfast aerospace company Shorts made pre-tax profits of £40.6m last year, the largest in its history.

Shorts, which is part of the Canadian Bombardier Group, specialises in making components for other international aerospace companies including Boeing.


[ image: Latest results show
Latest results show "steady improvement"
Chairman Sir George Quigley said the results showed a "steady improvement", mainly due to increased orders for the Bombardier Global Express business aircraft and the Canadair Regional Jet.

Shorts has been undergoing a major restructuring. The previous year's profits of £25m were depressed by costs incurred in abandoning a number of loss-making contracts.

The company is the largest manufacturing employer in Northern Ireland, with a workforce of just under 6,200.



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