- American City Business Journals•28 days ago
LMI Aerospace Inc. will take under $1 million in charges as it closes its sheet-metal plant in Wichita, Kansas, and relocates the work to a Mexico facility. Joe DeMartino, chief operating officer, said a slowdown in demand for commercial widebody and business and regional jets led to the decision to shutter the plant, which has focused a large part of its work on sheet-metal fabrication for those markets. “With customer demand on these platforms declining significantly, and in a competitive pricing environment we had to make the difficult decision to close this operation and move its remaining work statement to our facility in Mexicali, Mexico," DeMartino said in a statement Wednesday .
|Bid||7.87 x 400|
|Ask||7.90 x 2600|
|52wk Range||7.51 - 12.25|
|Day's Range||7.82 - 7.90|
|Avg Vol (3m)||23,357|
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