After approval by shareholders on Saturday, Chula Vista-based Rohr Industries will split its common shares, two-for-one. The stock split will be in the form of a 100% stock dividend on Dec. 27, to shareholders of record Dec. 16.
Also, Rohr reported that net income for the first quarter ended Nov. 1 grew 5% to $12.1 million. Revenues grew 4% to $154.4 million. "We have a $1-billion backlog, and thus far this year, new commercial aircraft orders are at their second-highest level in nearly two decades," said Harry W. Todd, Rohr's chairman and chief executive.