Boeing awards Avcorp multiple production contracts

Avcorp Industries Inc. (TSX: AVP) has been awarded multiple production contracts from Boeing, which consists of complex metal bond and multi-material structural assemblies that complement Avcorp´s capability as an integrated supplier within the aerospace industry.

The new contracts include: production of spoilers for the Boeing 737 MAX program,
production of metal bond panels for the Boeing 777X, production and supply of doors for the Boeing Next-Generation 737 and 737 MAX.

Avcorp´s order backlog is currently estimated at USD579 million, in consideration of attaining full award values, after reduction for sales made during the first two months of the current quarter.

The Avcorp Group designs and builds major airframe structures for aircraft companies, including BAE Systems, Boeing, Bombardier, Fuji Heavy Industries and Lockheed Martin. Avcorp Composite Fabrication Inc. is wholly owned by Avcorp US Holdings Inc. Both companies are incorporated in The State of Delaware, USA, and are wholly owned subsidiaries of Avcorp Industries Inc.