Black Country aerospace group Hampson Industries is flying high as orders continue to pour in.
The Brierley Hill-based company, which also has a manufacturing operation in Birmingham, said demand in its core markets had remained "very buoyant" as it feasts off the success of Airbus and Boeing.
It told the Stock Exchange in an interim management statement: "With 2,876 orders for new commercial aircraft taken by Airbus and Boeing, 2007 has been a record year for order intake in the aerospace industry.
"Orders have now been placed for over 6,900 new aircraft in the last three years. At December 31, the combined order book of Airbus and Boeing stood at 6,848 aircraft, an increase of 37 per cent compared to the same position in 2006, and a 14 per cent increase since September.
"With seven and a half years of work now in backlog, OEM production rates are set to continue to rise progressively over the next two years.
"In these buoyant market conditions, the group's aerospace portfolio has, as expected, extended its strong first half performance."
Hampson said each of its aerospace businesses had generated improved operating performance.
In particular, CHI, the specialist high temperature composites business acquired in January last year, had "continued to perform at levels above pre-acquisition expectations".
With a growing share of the F-35 joint strike fighter programme, it had has seen its order book reach record levels.
Hampson added: "Increasing the group's exposure to the trend towards increased use of composite structures remains a key strategic growth priority.
"Demand in the global commercial aerospace market is expected to remain strong for the foreseeable future. Military aerospace demand is also expected to remain robust. Against this background, the group's principal aerospace businesses are expected to continue to perform strongly.
"The board will continue to pursue opportunities for further growth."
Meanwhile Hampson appears to be getting to grips with problems at its automotive turbocharger arm.
It stated: "Losses incurred during the first half year have been extinguished and profitability restored to the division. Results for the automotive turbocharger business are expected to continue to show progressive improvement during the final quarter of the current financial year and a marked improvement in the following financial year."
Approximately 85 per cent of the group's sales are derived from its aerospace activities, with the rest from specialist automotive markets.
Hampson, which employs over 1,900 people worldwide, has in the past toyed with selling the automotive side. Last month it settled its dispute with Eclipse Aviation - manufacturer of the Eclipse 500 Very Light Jet.
Hampson had invested in plants in Wigan and Texas with the intention of being able to produce parts for 60 aircraft a month by March.
The aircraft had already won nearly 3,000 orders. Eclipse had planned to deliver 50 of the jets a month by now, but has only managed around 20 a month.
Hampson, which wanted compensation for the lower-than-expected deliveries to customers, said it had agreed a "full and final settlement" of all outstanding claims and disputes with Eclipse. It continues to work for the firm.
In November Hampson reported a 74 per cent rise in interim pretax profits before exceptionals and amortisation to £7.1 million.
Group revenues in the six months to September 30 rose 20 per cent to £76.3 million.
Shares closed up 1p at 147p.