Esterline cuts earning outlook

Esterline Corp., the parent company of Everett’s Korry, cut earnings projection for 2012 on Monday, due to a $52 million charge against its Racal Acoustics defense business. The Bellevue-based maker of defense and aerospace products reported preliminary third quarter earnings of $1.10 to $1.13 per share, down from $1.21 per share in the same quarter in 2011. For the year, the company expects earnings of between $3.20 and $3.33 per share after the charge against the defense business. Previously, Esterline had estimated earnings of between $4.87 and $5 per share. CEO Brad Lawrence noted that other Esterline companies, including Korry, are profitable.

More in Herald Business Journal

Snohomish County’s campaign to land the 797 takes off

Executive Dave Somers announced the formation of a task force to urge Boeing to build the plane here.

A decade after the recession, pain and fear linger

No matter how good things are now, it’s impossible to forget how the collapse affected people.

Panel: Motorcycle industry in deep trouble and needs help

They have failed to increase sales by making new riders out of women, minorities and millennials.

Costco rises as results display big-box retailer’s resiliency

Their model has worked in the face of heightened competition from online, brick-and-mortar peers.

For modern women, 98-year-old rejection letters still sting

In a stark new video, female Boeing engineers break the silence about past inopportunity.

Tax reform needs the public’s input on spending priorities

The GOP tax plan is a good idea, but the next step should give us a voice on how taxes are spent.

Commentary: GM, Boeing fight a war of words over Mars

Boeing is strongly signaling how crucial deep-space exploration is to its future.

Under cloud of ethics probes, Airbus CEO Enders to step down

He leaves in 2019 after 14 years. Meanwhile, aircraft division CEO Fabrice Bregier leaves in February.

$4.99 sandwich promotion irks some Subway business owners

Management insists that “most franchisees support the promotion.”

Most Read