Avcorp confirms CJ4 Cessna agreement



    
    -   Supply of the empennage for the new Cessna Citation CJ4 business jet

    -   Revenue commencing in 2009, and extending beyond for the life of the
        program
    

    VANCOUVER, Sept. 10 /CNW/ - Avcorp Industries Inc. (TSX. "AVP") is
pleased to announce that it has signed an agreement with Cessna Aircraft
Company to supply the tail assembly for Cessna's new Citation CJ4 business
jet. The agreement includes detail tooling fabrication along with manufacture,
assembly, product support and spares for the Citation CJ4. The contract is
expected to generate approximately US $110 million in revenue over the first
ten years of the life of the aircraft. First flight of the Citation CJ4
occurred on May 5, 2008 with first Avcorp deliveries set for the first quarter
of 2009. Avcorp has worked with Cessna on this program over the past year and
a half and will eventually invest approximately $2.5 million in the
manufacturing, engineering and start up.
    The Citation CJ4 business jet is an upward extension of the CJ family
delivering the strongest performance and payload balance in the series along
with advanced amenities and system architecture. The aircraft is expected to
have a maximum speed of 435 knots, a full fuel payload of 1,000 pounds and
maximum payload of 2,100 pounds. The popular Citation CJ line of business jets
(CJ1+, CJ2+ and CJ3), have amassed sales of more than 900 airplanes with over
1.3 million hours flown.

    About Avcorp

    Avcorp designs and builds major airframe structures for some of the
world's leading aircraft companies, including Boeing, Bombardier, and Cessna.
With over 50 years of experience, more than 800 skilled employees and 385,000
square feet of facilities, Avcorp offers integrated composite and metallic
aircraft structures to aircraft manufacturers, a distinct advantage in the
pursuit of contracts for new aircraft designs, which require lower-cost,
light-weight, strong, reliable structures. Avcorp is a Canadian public company
traded on the Toronto Stock Exchange (TSX:AVP). More information is available
at www.avcorp.com.

    
    (signed)                                   (signed)
    MARK VAN ROOIJ                             PAUL KALIL
    CHIEF EXECUTIVE OFFICER                    PRESIDENT
    

    Forward-Looking Statements

    This release should be read in conjunction with the Company's unaudited
financial statements contained in the Company's Annual Report and with the
quarterly financial statements and accompanying notes filed with Sedar
(www.sedar.com).
    Certain statements in this release and other oral and written statements
made by the Company from time to time are forward-looking statements,
including those that discuss strategies, goals, outlook or other
non-historical matters; or projected revenues, income, returns or other
financial measures. These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially from those
contained in the statements, including the following: (a) the extent to which
the Company is able to achieve savings from its restructuring plans; (b)
uncertainty in estimating the amount and timing of restructuring charges and
related costs; (c) changes in worldwide economic and political conditions that
impact interest and foreign exchange rates; (d) the occurrence of work
stoppages and strikes at key facilities of the Company or the Company's
customers or suppliers; (e) government funding and program approvals affecting
products being developed or sold under government programs; (f) cost and
delivery performance under various program and development contracts; (g) the
adequacy of cost estimates for various customer care programs including
servicing warranties; (h) the ability to control costs and successful
implementation of various cost reduction programs; (i) the timing of
certifications of new aircraft products; (j) the occurrence of further
downturns in customer markets to which the Company products are sold or
supplied or where the Company offers financing; (k) changes in aircraft
delivery schedules or cancellation of orders; (l) the Company's ability to
offset, through cost reductions, raw material price increases and pricing
pressure brought by original equipment manufacturer customers; (m) the
availability and cost of insurance; (n) the Company's ability to maintain
portfolio credit quality; (o) the Company's access to debt financing at
competitive rates; and (p) uncertainty in estimating contingent liabilities
and establishing reserves tailored to address such contingencies.





For further information:

For further information: Sandi DiPrimo, Investor Relations Contact,
(604) 587-4938


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