Avcorp Wins Airbus Work With Austrian Customer.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--July 6, 1999-- Avcorp Industrie (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AVP AVP arginine vasopressin. ) Avcorp Industries Inc. (AVP on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. ) is pleased to announce an agreement reached with Fischer Advanced Composites Components GESmbH in Reid, Austria, for the supply of Ram Air Turbine A ram air turbine (RAT) is a small propeller and connected hydraulic pump, or electrical generator used as an emergency power source for aircraft. In case of the loss of both primary and auxiliary power sources the RAT will power vital systems (flight controls, linked hydraulics Doors for the Airbus 318/319/320/321 Aircraft programs. The contract, valued at CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $1.3 million, will require 22 shipsets per month, commencing in August, 1999 at the Company's Metal Products Division. "The agreement signifies another first for the Company," said Stephen Kearns, Senior Vice President, Eastern Operations, "in that the award marks our initial Airbus contract. Notably, it is associated with a high-production-rate program and will pave the way for future work by our approvals to rigid Airbus quality specifications. Obviously, we are pleased that our growing association with Fischer made this opportunity possible, and foresee expansion of the Company's business pursuits into Europe with this continuing relationship." Avcorp Industries Inc. is a Canadian aerospace industry manufacturer. The Company is a single-source supplier for design, fabrication, and assembly of metal, composite and plastic components and is made up of five divisions: Aerostructures, Composites, Metal Products, Engineering and Proprietary Products. |
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