Having made its first meaningful sale into the FANS market outside of its position with L3Harris (LHS-N)/Airbus (horizontal market expansion), FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF, Forum) announced an $8.2m (CAD) five-year contract with WestJet for the supply of FANS-enabled AFIRS hardware. This report by KRC Insights looks at the sale as a possible precursor to an additional contract for recurring revenues later in the year targeting a subset of WestJet’s fleet.
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FULL DISCLOSURE: FLYHT Aerospace Solutions is a client of Stockhouse Publishing.