Independence Puts Off Jet Purchase
The parent of Dulles-based Independence Air, Flyi, said it agreed with an affiliate of aircraft manufacturer Airbus to delay the purchase of six A319s that had been scheduled for delivery next year.
Flyi said Tuesday that it may file for bankruptcy protection.
Carey International to Open Call Center
Carey International, a District-based company that provides limousine and charter bus service in more than 500 cities, said it is opening a new 100-seat call center in Frederick to handle customer requests such as VIP travel, road shows and international trips.
Argon ST, a Fairfax company that sells systems and sensors to the government, had a profit of $5.9 million (28 cents a share) on $75.6 million in revenue in its third quarter ended July 3. In September, Argon Engineering Associates merged with Sensytech to form Argon ST. If the two companies had been combined in the third quarter of the previous year, they would have earned $3.4 million (26 cents) on $39.1 million in revenue.
Digene lost $3.8 million (19 cents a share) in its fourth quarter ended June 30, compared with a profit of $17.4 million (83 cents) in the comparable quarter a year earlier. Although revenue grew 25 percent, to $32.3 million, the Gaithersburg company said it lost money because of increased U.S. sales and marketing costs for its screening test for HPV, a virus associated with cervical cancer.
For the year, Digene reported a loss of $8.2 million (41 cents), compared with a profit of $21.5 million ($1.04) the prior year. Revenue grew 28 percent, to $115.1 million.
Essex of Columbia, a technology company that provides services to analyze signals and images primarily to government agencies, said second-quarter profit was $1.8 million (8 cents a share), up from $480,000 (3 cents). Revenue more than doubled, to $41.5 million. The company said the results reflected a full quarter of revenue from the former Windermere Group of Annapolis, which it purchased in March.
American Community Properties Trust, a St. Charles real estate company, earned $1.7 million (32 cents a share) in its second quarter, up from $1.4 million (28 cents). Revenue grew 6.5 percent, to $17.1 million. The figures for 2004 reflect a previously announced restatement. The company, which owns and develops real estate in Maryland and Puerto Rico, attributed its increased earnings to property sales and a rise in rental property revenue.
Compiled from staff and news service reports.