Walter

At present Walter is a profit-making company. The sales in 2002 reached USD 23 mil. in comparison to 2001 sales of USD 20 mil. Sales plan for 2003 is USD 28 mil. The sales growth is the result of increased parts production and introduction of new products in power generation.  Increasing profitability is the result of the coordinated effort of a highly trained management staff, increased operating efficiency and reduced operating cost.

Walter a.s. annual sales come from three major sources, the sale of M601 Turboprop Engines, the Repair and Overhaul of M601 Engines already in service, and the manufacture of parts for Rolls Royce, SNECMA and other customers.  Walter recently signed a long-term contract to deliver turbine engines to a major US utility company for power generation.

“Walter is close to a big contract, however, grippens would have to win …”