Avcorp awarded multiple production contracts from Boeing

Avcorp Industries Inc. has been awarded multiple production contracts from Boeing. These production contracts consist of complex metal bond and multi-material structural assemblies that complement Avcorp’s capability as a strategic integrated supplier within the aerospace industry. The new contracts include:

- Production of spoilers for the Boeing 737 MAX program. This will be one of the most significant contracts in the company’s order backlog. The addition of the spoiler production will result in considerable increases to its existing plant and equipment use for the coming years. The 737 MAX is Boeing’s new, more fuel-efficient single-aisle airplane, with first delivery anticipated next year.

- Production of metal bond panels for the Boeing 777X. This award is the first contract for the company with Boeing’s new 777X program. The 777X will be the world’s largest and most fuel-efficient twin-engine commercial airplane, with first delivery anticipated in 2020.

- Production and supply of doors for the Boeing Next-Generation 737 and 737 MAX. This contract creates beneficial production synergies that complement Avcorp’s current 737 wheel well fairing high-rate production program, having daily just-in-time deliveries to 737 assembly lines.

- Avcorp previously announced a contract to produce tanker fairings for the KC-46 Program; the Boeing tanker built on a 767 platform. This assembly leverages the company’s integration capabilities using composite and metallic materials.

The company’s order backlog is currently estimated at $579 million, in consideration of attaining full award values, after reduction for sales made during the first two months of the current quarter.

“These latest awards expand Avcorp’s manufacturing relationship with Boeing with a timeline that goes well into the future,” said Peter George, Avcorp Industries Inc. CEO. “We are very proud to support Boeing on new programs such as the 737 MAX and 777X, and look forward to continued growth providing better solutions to all our customers.”

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.