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Avcorp Industries Inc. ("Avcorp" or the "Company") announces today that it has ceased any and all litigation against Bombardier Inc. ("Bombardier") which was commenced in 2010 by the Company in the Superior Court of Quebec, in connection with the termination by Bombardier of production work relating to the CRJ700 aircraft program.
Avcorp Industries Inc. ("AVP" or the "Company") today announced that it has received a 2012 Silver Boeing Performance Excellence Award. The Boeing Company issues the award annually to recognize suppliers who have achieved superior performance. Avcorp maintained a Silver composite performance rating for each month of the 12-month performance period, from Oct. 1, 2011, to Sept. 30, 2012.
Avcorp Industries Inc. (the “Company” or “Avcorp”) reports that it has received notice of a complaint filed by the Cessna Aircraft Company (“Cessna”) in the United States District Court (Kansas) pursuant to which Cessna seeks to vacate the November 16, 2012 arbitration award in favour of the Company.
Avcorp Industries Inc. (TSX: AVP) (the "Company" or "Avcorp") is pleased to report that it has received the determination of an appointed arbitration panel constituted to adjudicate outstanding issues relating to cost reimbursements and compensation payable to Avcorp in connection with the transition of Cessna Aircraft Company ("Cessna") production work back to Cessna and other suppliers.
Avcorp Industries Inc. (TSX: AVP) (the "Company" or "Avcorp") has announced its financial results for the quarter ended September 30, 2012.
Avcorp Industries Inc. ("Avcorp" or the "Company") (TSX: AVP) announced today that it has closed a private placement of 23,172,552 common shares of Avcorp at a price of $0.042 per share to Panta Canada B.V. ("Panta") for gross proceeds of approximately $973,247 (the "Private Placement"). The proceeds from the Private Placement will be used for general working capital purposes.
Avcorp Industries Inc. ("AVP" or the "Company") today announced the appointment of Brent Collver to the position of President of Comtek Advanced Structures Ltd., the Company's composite manufacturing subsidiary located in Burlington, ON. As President of Comtek, Mr. Collver succeeds Patrick Whyte and will be responsible for the development and execution of the long-term strategy and growth plans for the business, in addition to overseeing its daily operations.
Avcorp Industries Inc. (AVP on the Toronto Stock Exchange) (the Company) is pleased to announce the signing of a five-year contract extension with Boeing to provide the wheel well for the Next-Generation 737 as well as assemblies and components that support the Next-Generation 737, 747-8, 767, and 777. The contract value is approximately CAD $80 million over five years, commencing in 2013.
Published in Manufacturing
Avcorp Industries Inc. ("AVP" or the "Company") is pleased to announce that it has received a purchase contract from Boeing Defense, Space & Security for the production development and supply of a prototype "Ruddevator," a flight control system for stabilization and directional control of air-to-air refuelling booms for the KC-135 Tanker Fleet. The prototype redesign incorporates new processes and materials meant to enhance the reliability of the Ruddevator.
Published in Manufacturing