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Avcorp Signs Production Contract With Boeing

VANCOUVER, Aug. 9, 2013 /PRNewswire/ - Avcorp Industries, Inc. is pleased to announce that it has received a purchase contract from The Boeing Company for the production and supply of Tunnel Cover Assemblies for the CH-47 Chinook Helicopters. Each shipset of Tunnel Covers consists of several large and complex metal bonded aerostructures.  These Tunnel Covers act as access covers to the driveshaft, which runs between the two main rotors of the aircraft.

Avcorp has manufactured and supplied Boeing with various aircraft components, including Wheel Well Fairings and Wing tip Panels for the Next-Generation 737, and CH-47 Chinook Helicopter Cockpit Nose Enclosure assemblies, for more than 20 years.

"This new contract underscores the importance of our long-standing partnership which continues to support highly-skilled aerospace jobs within Canada." said Mark van Rooij, President & CEO of Avcorp. "We are proud that our partnership with Boeing continues to provide us with opportunities to contribute to a key platform."

This contract for the Tunnel Cover Assemblies is aligned with Boeing's 90-year history and long-term commitment to engage with Canadian industry in areas of high value aerospace work. This contract was awarded to Avcorp based on their capabilities and competitiveness, as well as, how this new work will support the fulfillment of Boeing's Industrial & Regional Benefits (IRB) programs. Canada's IRB policy requires prime contractors, such as Boeing, to make investments in the Canadian economy as a result of winning defense and security contracts with the government of Canada. Boeing has four active IRB programs tied to the procurement of the CC-177 airlifter and support; ScanEagle unmanned aircraft system, CH-147 helicopter and support, and the Mercury Global program. Through successful implementation of these IRB programs, Boeing continues to support Canada's position as a global leader in aerospace by creating long-term, high-value opportunities with Canadian industry. See www.boeing.ca.

About Avcorp

Avcorp designs and builds major airframe structures for some of the world's leading aircraft companies, including BAE Systems, Boeing, and Bombardier. With more than 50 years of experience, over 400 skilled employees and 354,000 square feet of facilities in Delta BC and Burlington ON, Avcorp offers integrated composite and metallic aircraft structures to aircraft manufacturers, a distinct advantage in the pursuit of contracts for new aircraft designs, which require lower‐cost, light weight, strong, reliable structures. Our Burlington location also offers composite repairs for commercial aircraft. Avcorp is a Canadian public company traded on the Toronto Stock Exchange (TSX:AVP).

(signed)

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