Subsequent Event

6 Months Ended

Nov. 30, 2011

Subsequent Event

Subsequent Event

Note 14 — Subsequent Event

On December 2, 2011, we closed on the acquisition of Telair International GmbH (“Telair”) and Nordisk Aviation Products, AS (“Nordisk”).  Telair is a leader in the design, manufacture and support of cargo loading systems for wide-body and narrow-body aircraft with established positions on the world’s most popular current and next-generation passenger and freighter aircraft.  Telair operates from facilities in Germany, Sweden and Singapore.  Nordisk designs and manufactures heavy duty pallets and lightweight cargo containers for commercial airlines from facilities in Norway and China.  The purchase price of the acquisition was $280,000, and was funded initially through our revolving credit facility.  The businesses will operate as part of our Structures and Systems segment.