FLYHT Aerospace Solutions Ltd - Company Profile
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FLYHT Aerospace Solutions Ltd (FLYHT) is a provider of technological solutions and services for increased safety, communication and efficiency in the aerospace industry. The company provides flight deck text messaging, flight tracking, ACARS over iridium, fuel management, and weather observations. It also provides actionable intelligence products and services such as turn management, maintenance, IOCC and dispatch, fuel efficiency, operational excellence, airport systems and enterprise services. The company serves airlines, manufacturers and maintenance organizations under the FLYHT brand. It has business presence across various geographical regions including the Americas, Asia, the Middle East, Australia, Africa, and Europe. FLYHT is headquartered in Calgary, Alberta, Canada.
Headquarters
Canada
Address
500, 1212, 31 Avenue NE, Calgary, Alberta, T2E7S8
Website
flyht.com
Telephone
1 403 2509956
Industry
Aerospace and Defense
Ticker Symbol & Exchange
FLY (CVE)
Revenue (2022)
$18.3M
111%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
82.9%
(2022 vs 2021)
Market Cap*
$15.4M
Net Profit Margin (2022)
XYZ
91.9%
(2022 vs 2021)
* As of and is in US$
FLYHT Aerospace Solutions Ltd premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Solutions: | Dragon |
| Communications Solutions | AFIRS |
| ACARS over Iridium | UpTime |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In December, the company entered into an agreement with Jordan Aviation PSC to use FLYHT's software solutions on its Boeing 767, 737, and A320 fleets. |
| 2022 | Acquisitions/Mergers/Takeovers | In March, the company acquired Germany-based CrossConsense. |
| 2022 | Regulatory Approval | In March, the company got approval from the TSX Venture Exchange for the proposal of acquisition of CrossConsense GmbH & Co. KG. |
Competitor Comparison
| Key Parameters | FLYHT Aerospace Solutions Ltd | RTX Corp | GE Aviation | Honeywell Aerospace | Star Navigation Systems Group Ltd |
|---|---|---|---|---|---|
| Headquarters | Canada | United States of America | United States of America | United States of America | Canada |
| City | Calgary | Arlington | Cincinnati | Phoenix | Brampton |
| State/Province | Alberta | Virginia | Ohio | Arizona | Ontario |
| No. of Employees | - | 182,000 | 40,000 | 34,000 | - |
| Entity Type | Public | Public | Private | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Mary I. McMillan | Chairman | Executive Board | 2023 | - |
| Alana Forbes | Chief Financial Officer | Senior Management | 2018 | - |
| Gurjot Bhullar | Vice President - Operations | Senior Management | 2021 | - |
| Murray Skelton | Vice President - Weather Solutions and Business Development | Senior Management | 2022 | - |
| Kent Jacobs | Interim Chief Executive Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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