Butler National Corp. announces $500,000 order for aircraft modifications.OLATHE Olathe (ōlā`thē), city (1990 pop. 63,352), seat of Johnson co., NE Kans., suburb of Kansas City; inc. 1858. In an area of livestock farms, Olathe grew markedly in the late 20th cent. , Kan.--(BUSINESS WIRE)--Oct. 18, 1996--Butler National Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BUKS) today announced that it has received an order at its Avcon subsidiary in Newton, Kan. The order, valued at approximately $500,000, involves highly specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. proprietary work. The aircraft will have these modifications completed within the next 90 days. This type of work has been a mainstay at Avcon for 30 years. In addition to this contract, Avcon is currently busy with aircraft Extended Door and AVCON FIN fin, organ of locomotion characteristic of fish and consisting of thin tissue supported by cartilaginous or bony rays. In some fish, e.g., the eel, a single fin extends from the back, around the tail, and along the ventral surface. modifications, and other work, on several aircraft in Newton. Management Comments: "After more than 25 years of specialized modification to business aircraft, Avcon continues to have a reputation for high-quality work. We have a number of similar proposals out to customers at this time and we expect to announce additional work of this nature in the coming months. We expect Avcon to make a significant contribution to revenue and earnings. We believe that the investment in new products at Avcon will continue to be in the best interest of the Butler National shareholders," commented Clark D. Stewart, president of the company. Our Business: Butler National Corp. operates in the aerospace and services business segments. The Services segment includes food distribution, electronic monitoring of water pumping The pumping of water is a basic and practical technique, far more practical than scooping it up with one's hands or lifting it in a hand-held bucket. This is true whether the water is drawn from a fresh source, moved to a needed location, purified, or used for irrigation, washing, or stations, temporary employee services and plans to include management services for Indian gaming enterprises. Aerospace includes the manufacture of switching equipment for McDonnell Douglas McDonnell Douglas was a major American aerospace manufacturer and defense contractor, producing a number of famous commercial and military aircraft. It merged with Boeing in 1997 to form The Boeing Company. aircraft and structural modification of business aircraft. CONTACT: Butler National Corp., Olathe, Kan. Edward J. Matukewicz, 913/780-9595 |
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