TSXV:FLY - Post Discussion
Post by
CF105 on Aug 21, 2024 4:15pm
AFIRS 228 one of several L3Harris products at upcoming event
"The largest event of its kind in Europe, MRO Europe combines a senior level conference and international tradeshow covering key topics in the aviation aftermarket industry." Amsterdam, Netherlands, October 22, 2024 - October 24, 2024.
L3Harris page about the event...
https://www.l3harris.com/events/trade-show/mro-europe Shows L3Harris is still interested in licensing and selling the AFIRS 228 SatCOM. While there have not been orders of late due to a re-design, we should see something about it again in the fall.
L3Harris page about their licensed version of the AFIRS 228.
https://www.l3harris.com/all-capabilities/afirs-228-automated-flight-information-reporting-system News release about the design refresh, dated March 19, 2024...
Long-term OEM Partner Engages FLYHT for Design Refresh for Airbus Line Fit Satcom Program
https://flyht.com/investors/news-and-media/view/long-term-oem-partner-engages-flyht-for-design-refresh-for-airbus-line-fit-satcom-program/ "FLYHT today announced that its long-term OEM partner has engaged the Company to undertake engineering and design work on the technology that it licenses from FLYHT as part of its Airbus line fit satcom program. The refresh of the technology positions the two partners to extend the longevity of this successful program with Airbus.
As part of this long-standing program, FLYHT supports its OEM partner in delivering a customized version of the AFIRSTM 228S to support voice and data communications used in the cockpit of Airbus aircraft anywhere in the world through the Iridium® satellite network.
“The request by our long-term OEM partner to refresh the modem design is the surest indication that the AFIRS 228S line fit program with Airbus remains strong,” commented Gurjot Bhullar, VP of Operations at FLYHT. “It is a reflection of the high quality of FLYHT’s product and their acceptance and reliance upon it. We have increased confidence that this revenue stream will continue well into the future.”
This technical services contract is valued at approximately $360,000 USD with work expected to be completed over the coming months."
Offhand I would say licensing has earned FLYHT about $3M annually since 2014.
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