FLYHT Aerospace Solutions Ltd V.FLY

FLYHT Receives US$1.4 million Purchase Order

[Betteryear2]

CALGARY, AB / ACCESSWIRE / June 29, 2023 / FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) (the "Company" or "FLYHT") announced today that it has received a purchase order valued at US$1.4 million for Iridium modems and license fees from a long-time OEM partner. This order builds upon the relationship previously discussed in press releases dated July 15, 2014, August 1, 2019, February 18, 2020, July 6, 2021, October 6, 2021 and May 4, 2022.

FLYHT Receives US$1.4 million Purchase Order from a Long-Time OEM Partner (accesswire.com)

[PeterPiper]

From the news release: "European airframer customer for three certified aircraft platform types." This means it is one of the larger Euroipean airlines and they might be interested i the Edge also. I have managed to eliminate EasyJet and Ryanair which are still classed as European, so who is it? I know that Lufthansa is a customer of CrossConsense but so are other large outfits. Piper

[PeterPiper]

I may have inferred something incorrectly by assuming the customer (singular) was a customer of the airframer (i.e. Airbus). Upon refletion Airbus is probably the customer of L3 Harris. In any case it is nice that Flyht will be getting revenue from this which was not expected this year, because of L3 Harris' huge order last year. Piper