Net Income, Revenue Up for Precision Aerotech

Precision Aerotech Inc. reported that net income rose by 18% to $333,000 and revenue rose by 14% to $8.9 million for the fourth quarter ended April 30. For the year, net income rose by 83% to $1.2 million and revenue rose by 22% to $33.4 million.

Precision Aerotech produces custom-manufactured precision metal assemblies and components that are used in the aircraft and aerospace industries.