Avcorp Industries Inc. (TSX: AVP) (the "Company", "Avcorp" or the "Avcorp Group") today announced that it has been awarded multiple production contracts from Boeing.
These production contracts consist of complex metal bond and multi-material structural assemblies that complement Avcorp's capability as a strategic integrated supplier within the aerospace industry. The new contracts include:
Avcorp's order backlog is currently estimated at $579 million, in consideration of attaining full award values, after reduction for sales made during the first two months of the current quarter.
"These latest awards expand Avcorp's manufacturing relationship with Boeing with a timeline that goes well into the future," said Peter George, Avcorp Industries Inc. CEO. "We are very proud to support Boeing on new programs such as the 737 MAX and 777X, and look forward to continued growth providing better solutions to all our customers."
"We appreciate Avcorp's continued focus on quality, reliability and affordability to support our position in a competitive marketplace," said John Byrne, Vice President, Boeing Commercial Airplanes Supplier Management for Aircraft Materials & Structures. "Avcorp is a positive example of the strong ties between Canada's aviation industry and Boeing."
Avcorp has been manufacturing and supplying Boeing with various aircraft components supporting the 737, 757, 767, 777, 787, CH-47 programs for more than 20 years.
Source: Avcorp Industries Inc.
Date: Sep 22, 2016