Avcorp Announces New Agreement With Cessna.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--Nov. 28, 2001 Avcorp Industries Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AVP AVP arginine vasopressin. .) announced today that it has signed a new agreement with the Cessna Aircraft Company. The new agreement is for the supply of additional components for the Cessna Sovereign aircraft wing contract announced earlier in the year. This addition increases the expected lifetime value of the contract by $40 million to over $140 million. Engineering and manufacturing work commences immediately at the company's Delta, BC facilities and concurrently at Cessna's Wichita facilities. President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , John Nicholson John Nicholson may refer to:
Avcorp Industries Inc. is a Canadian aerospace industry manufacturer. The Company is a single-source supplier for design, machining, fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. and assembly of metal, composite and plastic components for global aerospace markets and comprises of two divisions: Aerostructures Division in British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography and the Integrated Products Division in Quebec. Certain statements in this press release that are not purely historical constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future. The information in this press release is based on information available to the Company as of the date hereof and the Company assumes no obligation to update any such forward-looking statements. Forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks include, among others, general business and economic conditions and competitive actions as well as other risks and uncertainties. John H. Nicholson, President and CEO |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion