Browse > Home / Aeronautics News / Avcorp confirms CJ4 Cessna agreement

Avcorp confirms CJ4 Cessna agreement

Written by thomas · Filed Under Aeronautics News 

September 10, 2008

thomas

–   Supply of the empennage for the new Cessna Citation CJ4 business jet

–   Revenue commencing in 2009, and extending beyond for the life of the
program
VANCOUVER, Sept. 10 /PRNewswire-FirstCall/ – Avcorp Industries Inc.
(TSX. “AVP”) is pleased to announce that it has signed an agreement with
Cessna Aircraft Company to supply the tail assembly for Cessna’s new
Citation CJ4 business jet. The agreement includes detail tooling
fabrication along with manufacture, assembly, product support and spares
for the Citation CJ4. The contract is expected to generate approximately US
$110 million in revenue over the first ten years of the life of the
aircraft. First flight of the Citation CJ4 occurred on May 5, 2008 with
first Avcorp deliveries set for the first quarter of 2009. Avcorp has
worked with Cessna on this program over the past year and a half and will
eventually invest approximately $2.5 million in the manufacturing,
engineering and start up.

The Citation CJ4 business jet is an upward extension of the CJ family
delivering the strongest performance and payload balance in the series
along with advanced amenities and system architecture. The aircraft is
expected to have a maximum speed of 435 knots, a full fuel payload of 1,000
pounds and maximum payload of 2,100 pounds. The popular Citation CJ line of
business jets (CJ1+, CJ2+ and CJ3), have amassed sales of more than 900
airplanes with over 1.3 million hours flown.

About Avcorp

Avcorp designs and builds major airframe structures for some of the
world’s leading aircraft companies, including Boeing, Bombardier, and
Cessna. With over 50 years of experience, more than 800 skilled employees
and 385,000 square feet of facilities, 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. Avcorp is a
Canadian public company traded on the Toronto Stock Exchange (TSX:AVP).
More information is available at http://www.avcorp.com.

» Próximo Post - Continental Airlines Named to Latin Business Magazine’s 2008 Corporate Diversity Honor Roll
« Post Aneterior - Not A Bird, Not A Plane, It’s Flight Of The Jet Man!

Comments

¿Tiene algo que decir?

You must be logged in to post a comment.