Aerosonic Corp. (AIM)

Aerosonic Corporation, together with its subsidiaries, manufactures and sells aircraft instruments worldwide. It offers mechanical and digital altimeters, airspeed indicators, rate of climb indicators microprocessor controlled air data test sets, and other flight instruments. The company also provides mechanical and electro-mechanical cockpit instruments, angle of attack stall warning products, digital cockpit instruments, integrated flight display systems, and aircraft sensors and monitoring systems, as well as integrated multifunction probes, which are integrated air data sensors. It markets its products to manufacturers of corporate and private jets, contractors of military jets, the United States government, and private aircraft owners. The company sells its products directly through its sales personnel, as well as through distributors and commissioned sales representatives who resell to aircraft operators. Aerosonic Corporation was founded in 1953 and is based in Clearwater, Florida.

For the nine months ended 27 October 2006, Aerosonic Corporation's revenues fell 11% to $24M. Net income fell 45% to $776K. Revenues reflect lower Core instrument sales and decreased spare parts sales due to program. Net income also reflects an increase in selling, general & administrative expenses attributable to an increase in compensation & benefits, higher travel & entertainment expenses and lower operating margins.