- Enters rotocraft market and adds to military order book with new
- Adds Boeing Integrated Defense Systems as a new customer
- 5-year contract valued at USD$4.2 million
VANCOUVER, Sept. 18 /CNW/ - Avcorp (the Company) today announced the
award of a five-year contract to supply Boeing Integrated Defense Systems
(IDS) with details and sub-assemblies for the Chinook CH-47 helicopter. The
total estimated value of the contract is USD$4.2 million.
"This contract marks Avcorp's re-entry into the rotocraft market, adds to
our military order book, and adds a customer to our client list, in keeping
with our strategy of diversifying Avcorp's revenue base," stated Paul Kalil,
President. "Avcorp continues to pursue the supply of integrated metallic and
composite aerostructures with Boeing IDS as well as other customers developing
new aircraft programs."
The Chinook CH-47 is a multi-mission, heavy-lift transport helicopter.
Its primary mission is to move troops, artillery, ammunition, fuel, water,
barrier materials, supplies and equipment on the battlefield. Its secondary
missions include medical evacuation, disaster relief, search and rescue,
aircraft recovery, fire fighting, parachute drops, heavy construction and
civil development. Such versatility and reliability combined with recent cost
reductions and technology improvements continue to extend the life of this
Avcorp designs and builds major airframe structures for some of the
world's leading aircraft companies, including Boeing, Bombardier, and Cessna.
With 50 years of experience, more than 650 skilled employees and a 300,000
square foot facility near Vancouver, Canada, the Company's depth and breadth
of capabilities are unique in the aerospace industry for a company of its
size. Avcorp is a Canadian public company traded on the Toronto Stock Exchange
(symbol AVP). More information is available at www.avcorp.com.
MARK VAN ROOIJ PAUL KALIL
CHIEF EXECUTIVE OFFICER PRESIDENT
For further information:
For further information: Sandi DiPrimo, Investor Relations Contact,