Avcorp gets orders from Lockheed Martin on F-35 Outboard Wing

Avcorp Industries Inc. (TSX: AVP) has received a firm order for the remaining units in the next two production phases of the Lockheed Martin award for the expanded scope on the F-35 Carrier Variant Outboard Wing (CV OBW), referred to as Low Rate Initial Production (“LRIP”) nine and LRIP ten, the company said.

Avcorp´s established New Product Introduction (“NPI”) process will ensure the successful knowledge and skills transfer from Lockheed Martin, required for the intricate work of paint preparation and complex installation of control surfaces and systems such as the outboard leading edge flaps, ailerons, fairings and sub-systems. The NPI planning phase is nearing completion and production will begin in the second quarter 2016. The delivery of the first shipset to Lockheed Martin´s Final Assembly and Check Out facility in Fort Worth, Texas, USA is on-schedule for the third quarter 2016, with subsequent confirmed orders extending out to 2018.

The Avcorp Group designs and builds major airframe structures for some of the world´s leading aircraft companies, including BAE Systems, Boeing, Bombardier, Fuji Heavy Industries and Lockheed Martin. The Avcorp Group has more than 50 years of experience, over 776 skilled employees and 636,000 square feet of facilities.

Avcorp Structures & Integration located in Delta BC is dedicated to metallic and composite aerostructures assembly and integration; Avcorp Engineered Composites located in Burlington ON is dedicated to design and manufacture of small-sized composite aerostructures, and Avcorp Composite Fabrication located in Gardena CA has advanced composite aerostructures fabrication capabilities for medium and large composite aerostructures.

The Avcorp Group 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. Comtek Advanced Structures Ltd., at our Burlington location also offers aircraft structural component repair services for commercial aircraft.