Avcorp signs strategic agreement with Canadian government

25 April 2014

Avcorp Industries Inc. (TSX: AVP) said it has received a strategic aerospace and defence initiative contribution agreement from the government of Canada for up to USD4.4m to support development of advanced metal bond manufacturing processes and capabilities.

In particular, this SADI supported project will assist Avcorp to undertake specific capability development for large, complex metal bonded structural components, for customers, including The Boeing Company (NYSE: BA) and Cascade Aerospace.

This project will also support implementation of lean manufacturing process improvements and advancements along the company´s metal bond technology roadmap. This funding support from the government of Canada will be instrumental in enabling Avcorp to achieve these capability and competitiveness enhancements in a timeframe that meets both our customers´ requirements and the demands of the market.

Avcorp designs and builds major airframe structures for some of the world´s leading aircraft companies, including BAE Systems, Boeing, and Bombardier. Its Comtek subsidiary also offers composite repairs for commercial aircraft out of their Burlington location.

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