Last year the company reported 7p profit for every pound of revenue it earned across its worldwide operations.

The 86m contract manufacturer has worldwide operations and has moved into wind turbines.

He predicts that, in addition to asset sales, the company will be making $3 billion annual profits from worldwide operations by 2011-12.

It was the squadron's first major mishap in over 60,000 flight hours spanning nearly fifteen years of worldwide operations.