Avcorp Industries, Inc. T.AVP

Primary Symbol: AVPFF

Industrials Aerospace & Defense

Avcorp Industries Inc is a Canada based manufacturer within the aerospace industry. It designs and builds structures for aircraft manufacturers. The reportable segments of the company are The Avcorp Structures and Integration segment, which offers metallic and composite aerostructures assembly and integration; The Comtek advanced Structures segment dedicated to aircraft structural component repair services, and design and manufacture of composite aerostructures; and The Avcorp Composite Fabrication segment which offers advanced composite aerostructures fabrication. The group makes sales internationally and generates a majority of the revenue from the Europe.

OTCPK:AVPFF - Post by User

Avcorp Industries, Inc.

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Post by mhillmanon Nov 25, 2012 9:17am

372 Views

Post# 20640776

Cessna award

The following was posted with the US Securities Commission on November 16, 2012.

This is Cessna's parent company, Textron Inc.

Looks like their getting ready to pay.

Item 8.01 Other Events.

On November 16, 2012, in an arbitration proceeding initiated by Avcorp Industries, Inc. against Cessna Aircraft Company, a subsidiary of Textron Inc., an arbitral panel entered a final award against Cessna in the amount of approximately $27.4 million. The dispute related to an alleged breach of a supply agreement under which Avcorp made various components for Cessna aircraft. Although Cessna plans to vigorously contest this award, Textron will record a pretax charge of $27.4 million during the fourth quarter of 2012. This charge will negatively impact the company’s fourth quarter earnings by approximately $0.06 per share.

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