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.

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Avcorp Industries, Inc. > Canada to Announce Update - Prefers F35 Jets - $19 Billion

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Post by AlphaBetaCapon Mar 28, 2022 1:04pm

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Post# 34552490

Canada to Announce Update - Prefers F35 Jets - $19 Billion

Contract for the 88 F35 jets woud be worth up to $19 billion.

"OTTAWA, March 28 (Reuters) - Canada will announce on Monday that Lockheed Martin Corp (LMT.N) is the preferred bidder to supply 88 new fighter jets, a clear sign the U.S. company is set to win the multibillion-dollar contract, said an industry source close to the file.

....

Defense sources had long predicted good news for Lockheed Martin, given Canada belongs to the consortium that developed the company's F-35 jet and the fact the plane is the military's first choice. Ottawa says the contract could be worth up to C$19 billion ($15.10 billion)."

https://www.reuters.com/business/aerospace-defense/canada-chooses-lockheed-martin-preferred-bidder-jets-industry-source-2022-03-28/

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