BAE awards Avcorp F-35 contracts for carrier variant outboard wing

Avcorp Industries Inc. (TSX: AVP) has announced BAE Systems has awarded the company contracts for the assembly of the F-35 Carrier Variant (CV) Outboard Wing, the company said.

The total contract awards are approximately CDN 87 million. These contracts extend Avcorp´s current long-term contract with BAE Systems into 2022.

The Avcorp Delta BC facility is the single source supplier for the F-35 CV-OBW assembly under contract with BAE Systems with delivery of the assemblies directly to Lockheed Martin in Ft Worth Texas.

BAE Systems delivers a full range of products and services for air, naval and land forces, as well as electronics and security solutions. It employs a skilled workforce of 85,800 people in more than 40 countries, including the United Kingdom, United States, Australia and Saudi Arabia.

On the F-35 programme, BAE Systems brings its military aircraft expertise to the development, manufacture and sustainment of the world´s largest defence programme. This includes the advanced manufacture of every aft fuselage globally, horizontal and vertical tails, and crucial components from our facilities in the UK and Australia, and advanced electronic warfare capability from its US subsidiary, BAE Systems, Inc.

The Avcorp Group designs and builds major airframe structures for aircraft companies, including BAE Systems, Boeing, Bombardier, Lockheed Martin and Subaru Corporation. 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, lightweight, strong, reliable structures.