Latest Avcorp Industries Inc. Stories
VANCOUVER, June 7, 2013 /PRNewswire/ - Avcorp Industries, Inc. (the "Company") reports that it has received a notice of appeal and a motion to stay execution filed by Cessna Aircraft Company ("Cessna") on June 7, 2013 in the United States Court of Appeals for the Tenth Circuit (the "Court of Appeals") from the judgement entered against Cessna on May 8, 2013 by the United States District Court for the District of Kansas (the "District Court"). The judgement of the District Court...
VANCOUVER, May 9, 2013 /PRNewswire/ - Avcorp Industries Inc. (TSX: AVP) (the "Company" or "Avcorp") today announced its financial results for the quarter ended March 31, 2013. During the quarter ended March 31, 2013, the Company recorded income from operations of $440,000 on $19,946,000 revenue, as compared to $860,000 operating income on $25,006,000 revenue for the same quarter in the preceding year; and net income for the current quarter of $108,000 as compared to net income...
VANCOUVER, May 2, 2013 /PRNewswire/ - Avcorp Industries Inc. ("Avcorp" or the "Company") reports that it has received a Memorandum and Order of the United States District Court for the District of Kansas which heard the motion by Cessna Aircraft Company ("Cessna"), as filed by Cessna on November 26, 2012, to vacate the arbitration award made on November 16, 2012 in favour of the Company in the amount of USD27.4 million. Cessna's motion to vacate was denied and the Court affirmed...
Common Stock Listed Toronto Trading Symbol: AVP VANCOUVER, Jan. 25, 2013 /PRNewswire/ - Avcorp Industries Inc. ("Avcorp" or the "Company") announces today that it has ceased any and all litigation against Bombardier Inc. ("Bombardier") which was commenced in 2010 by the Company in the Superior Court of Quebec, in connection with the termination by Bombardier of production work relating to the CRJ700 aircraft program. The Company and Bombardier agreed that each will be...
VANCOUVER, Jan. 24, 2013 /PRNewswire/ - Avcorp Industries Inc. ("Avcorp" or the "Company") announces today that it has ceased any and all litigation against Bombardier Inc. ("Bombardier") which was commenced in 2010 by the Company in the Superior Court of Quebec, in connection with the termination by Bombardier of production work relating to the CRJ700 aircraft program. The Company and Bombardier agreed that each will be responsible for their respective costs. Avcorp is actively...
Common Stock Listed Toronto Trading Symbol: AVP VANCOUVER, Jan. 17, 2013 /PRNewswire/ - Avcorp Industries Inc. ("AVP" or the "Company") today announced that it has received a 2012 Silver Boeing Performance Excellence Award. The Boeing Company issues the award annually to recognize suppliers who have achieved superior performance. Avcorp maintained a Silver composite performance rating for each month of the 12-month performance period, from Oct. 1, 2011, to Sept. 30, 2012....
VANCOUVER, Dec. 19, 2012 /PRNewswire/ - Avcorp Industries Inc. (the "Company" or "Avcorp") is pleased to announce that the first, two very successful flights of an F-35 'Carrier Variant (CV)' with Avcorp-built Out- Board Wing (OBW) assemblies took place at Lockheed Martin's facility in Fort Worth, Texas on 30 November and 05 December 2012. Of particular note is that a Canadian and former CF-18 pilot, Billie Flynn, was at the controls on the second flight. "Avcorp is very...
VANCOUVER, Dec. 7, 2012 /PRNewswire/ - Avcorp Industries Inc. (the "Company" or "Avcorp") reports that it has received notice of a complaint filed by the Cessna Aircraft Company ("Cessna") in the United States District Court (Kansas) pursuant to which Cessna seeks to vacate the November 16, 2012 arbitration award in favour of the Company. The arbitration panel awarded Avcorp $27.4 million, which, under the terms of the arbitration agreement between Cessna and Avcorp, is a final and...
Common Stock Listed Toronto Trading Symbol: AVP VANCOUVER, Nov. 19, 2012 /PRNewswire/ - Avcorp Industries Inc. (TSX: AVP) (the "Company" or "Avcorp") is pleased to report that it has received the determination of an appointed arbitration panel constituted to adjudicate outstanding issues relating to cost reimbursements and compensation payable to Avcorp in connection with the transition of Cessna Aircraft Company ("Cessna") production work back to Cessna and other suppliers....
VANCOUVER, Nov. 13, 2012 /PRNewswire/ - Avcorp Industries Inc. (TSX: AVP) (the "Company" or "Avcorp") today announced its financial results for the quarter ended September 30, 2012. During the quarter ended September 30, 2012, the Company recorded a loss from operations of $1,446,000 on $19,324,000 revenue, as compared to a $186,000 operating loss on $20,383,000 revenue for the same quarter in the preceding year; and a net loss for the current quarter of $2,729,000 as compared...
