Pinnacle Airlines Corporation has received its 2009 federal income tax refund totalling approximately $38 million.
The company also repaid a $10 million working capital loan upon receipt of the income tax refund.
"In early 2009, we created a plan to maintain a strong working capital position while repaying our $121 million par amount of 3.25% convertible notes in February 2010," said Peter Hunt, chief financial officer of Pinnacle Airlines Corp. "Receipt of this tax refund is the last step in our plan."
The Australian government has placed a focus on Guided Weapons and Explosive Ordnance (GWEO) which has included the purchase of additional long-range rocket systems and investments in local production of missiles.
The UK budget announced in Parliament on 30 October is the first by a Labour government in 14 years. While it sees a boost in defence spending, this comes in the face of fiscal challenges and the effects of inflation.
The changes are intended to meet greater need and deliver more value for money.
BAE Systems, Booz Allen Hamilton and Lockheed Martin have been betting on new facilities and innovative manufacturing technologies to speed up the development of new solutions.
How the latest portable simulation solutions can deliver JTAC training wherever it is needed
The budget of more than €1.3 billion is a record figure for the Irish Defence Forces but almost a quarter is to meet to meet the pensions costs of Defence Forces Veterans and their dependents.
Connect with us on socials
