Awarded $3.7 M (CAD) After-Market Contract by DLA TORONTO, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX:FTG) has been awarded a $3.7M CAD after-market contract from the United States Defense Logistics Agency (DLA) to provide electronic assemblies to retrofit airborne radar systems on various US Armed Forces aircraft. The work will be performed at the FTG facilities in Chatsworth, California.
“We are pleased to receive this significant award. We are committed to the DLA’s mission to support and extend the service life of military aircraft,” said Brad Bourne, FTG’s President and CEO. “We are excited about the direction of our after-market initiative providing the DLA various products including these high quality, high reliability complex electronic assemblies.”
The award is a long-term after-market contract that enables multiple product draws, and ensures a minimum annual quantity to FTG. Initial production releases have been issued to FTG Aerospace - Chatsworth and the work is now underway.
ABOUT FIRAN TECHNOLOGY GROUP CORPORATION
FTG is an aerospace and defense electronics product and subsystem supplier to customers around the globe. FTG has two operating units:
FTG Circuits is a manufacturer of high technology, high reliability printed circuit boards. Our customers are leaders in the aviation, defense, and high technology industries. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia and a joint venture in Tianjin, China.
FTG Aerospace manufactures and repairs illuminated cockpit panels, keyboards and sub-assemblies for original equipment manufacturers of aerospace and defense equipment. FTG Aerospace has operations in Toronto, Ontario, Chatsworth, California and Tianjin, China.
https://www.globenewswire.com/news-release/2021/09/14/2297095/0/en/Firan-Technology-Group-Corporation-FTG-is-Awarded-3-7-Million-CAD-After-Market-Contract-by-Defense-Logistics-Agency-DLA-for-Electronic-Assemblies-to-Support-Airborne-Radar-Systems.html