Avcorp gets first Lockheed Martin contract

Avcorp Industries Inc. (TSX: AVP) said it has been awarded its first purchase contract from Lockheed Martin (NYSE: LMT).

The scope of this agreement will complement Avcorp´s existing manufacturing of the F-35 Carrier Variant Outboard Wing integrated assembly. Avcorp has been manufacturing OBW assemblies under a long-term contract with BAE Systems since 2011. The additional Lockheed Martin purchase contract will begin with production in the second quarter 2016 and first deliveries in the third quarter.

The Avcorp Group designs and builds major airframe structures for some of the world´s leading aircraft companies, including BAE Systems, Boeing and Bombardier. It is a Canadian public company.