OTCPK:AVPFF - Post by User
Post by
paperboy222on Aug 20, 2017 11:19pm
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Post# 26601915
Read the Paper.
Read the Paper. Avcorp Delta BC facility is the single source supplier for the F-35 CV-OBW assembly under contract with BAE Systems (“BAES”), and delivers directly to Lockheed Martin. The Outboard Wing is the foldable portion of the wing on the carrier version of the F-35 aircraft which allows for handling and storage of the aircraft on the aircraft-carrier’s deck and hangers, while keeping its long-range and low-landing-speed flight characteristics. The CV-OBW is regarded as one of the more complex assemblies that the Canadian aerospace industry contributes to the F-35 program. Production demand for the F-35 CV-OBW has increased in 2017 relative to 2016.
Production contracts have been secured through to March 2019, with discussions underway with the customer to secure constant production through to the second quarter of 2020.
The Company announced that further to the contract award from Lockheed Martin announced on October 15, 2015 for the expanded scope on the F-35 CV-OBW, Avcorp has received a firm order for the remaining units in the next two production phases, referred to as Low Rate Initial Production (“LRIP”) Nine and LRIP Ten. Avcorp’s established New Product Introduction (“NPI”) process will ensure the successful knowledge and skills transfer from Lockheed Martin, required for the intricate work of paint preparation and complex installation of control surfaces and systems such as the outboard leading edge flaps, ailerons, fairings and sub-systems.
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