Busey receives international contract from Boeing
Delaware Resource Group of Oklahoma City has been awarded a
contract to train flight crews from the United Arab Emirates.
The Busey Group company was hired by Boeing to start and maintain
a C-17 training site. Recruiting and hiring of instructors has
started. The contract is for three-and-a-half years and scheduled to
start in June in the United Arab Emirates.
Delaware Resource Group has been a subcontractor to Boeing for
the U.S. Air Force C-17 Aircrew Training System contract since 2005.
"This award is a huge step for our team, as we have now entered
the international market," said Brian Busey, vice president of human
resources and operations.
Phil Busey Sr., chairman and CEO of the Busey Group of Companies,
said Delaware Resource Group won the contract because of its
extensive experience and role with Boeing on other programs and the
long-standing working relationship on multiple programs. In January
of this year, Delaware won a $30 million training contract with the
Pre-Paid Legal reports increase in net income
Pre-Paid Legal Services Inc. on Monday reported a 10-percent
increase in net income for the first quarter to $18.8 million from
$17.1 million for the first quarter of 2009.
Diluted earnings per share increased 23 percent to $1.87 per
share from $1.52 per share. The Ada-based provider of legal services
plans had a 10-percent decrease in average outstanding shares.
Membership fees in the first quarter increased to $107.3 million
from $106.9 million for the same period last year.
Net cash provided from operating activities decreased 10 percent
to $26.7 million for the first quarter of 2010 from $29.7 million
During the first quarter, Pre-Paid Legal paid $1.6 million to
repurchase 39,510 shares of common stock, at an average per share
price of $39.70. Since April 1999, Pre-Paid Legal has paid $459.4
million to repurchase 15.1 million shares at an average price of
$30.35 per share.
At March 31, Pre-Paid Legal had $32.7 million of debt outstanding
and $71.6 million in cash and cash equivalents.
Membership fees for the first quarter decreased $1.3 million to
$107.3 million from $108.6 million for the fourth quarter. Associate
services revenues decreased during the first quarter by $1.5 million
to $8 million.
Alliance Resources reports 3.4-pct gain
Alliance Resource Partners LP on Monday reported a 3.4-percent
increase in net income for the first quarter to $75 million from
$72.6 million for the first quarter of 2009.
Revenue for the quarter totaled $380.7 million, up from $329.3
million a year earlier.
"ARLP entered 2010 optimistic about performance this year and our
first-quarter results confirm that our expectations were well-
founded," said Joseph W. Craft III, president and CEO of the Tulsa-
based operator of nine coal mines in Illinois, Indiana, Kentucky,
Maryland and West Virginia.
Coal sales for the quarter increased 14.8 percent to 7.4 million
tons from 6.4 million tons sold for the fist quarter of 2009. The
average coal sales price increased 75 cents per ton sold to a record
Brownfields conference set in Oklahoma City
The Oklahoma Department of Environmental Quality is presenting
the 2010 Oklahoma Brownfields Conference on Wednesday and Thursday
at the Skirvin Hilton Hotel, a brownfields site in Oklahoma City.
Speakers will include Gov. Brad Henry; Mick Cornett, Oklahoma
City mayor; Bob Dixon, Greensburg, Kan., mayor; and J.D. Strong,
Oklahoma secretary of the environment.
Sessions will include the Oklahoma Brownfields Transaction Forum.
Brownfields sites in various stages of development will be presented
and agencies with funding opportunities will be available to answer
questions. Other topics will include third-party liability, issues
concerning dry cleaners and sessions on the sustainability and
brownfields redevelopment. …