Avcorp Industries, Inc. 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 paperboy222on Nov 14, 2017 9:55pm

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Post# 26964819

I can live it.

2017 third quarter operating losses were reduced by $5.4 million relative to the same quarter in 2016; cost reduction initiatives and operational process changes are underway and commencing to have a positive financial impact.

New program start-up revenues total $2.8 million in 2017 in commencement of 2016 order backlog growth for new and legacy aircraft programs.
$2.9 million defense aerostructure contract awarded to ASI during the third quarter 2017.
During the third quarter 2017 customer contract renewals having an estimated $39 million value for commercial aerostructures were secured by ASI.
Six new customer production programs launched at ASI during 2017.

Cheers to the longs & Easy

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