Wow, seven days into 2013 and this is the first post on Canada Gen, how low have we stooped?HAPPY NEW YEARI'm hoping this works out better than the previous attempt to have units contract manufactured that ended in lawsuits and the company having to do it's own manufacturing. }};-()Everything involving airplanes takes forever to change (except in wartime) and clearly this product is proving that. Tim http://finance.yahoo.com/news/flyht-signs-master-agreement-j...FLYHT Signs Master Service Agreement With JabilPress Release: FLYHT Aerospace Solutions Ltd. – 1 hour 43 minutes agoCALGARY, ALBERTA--(Marketwire - Jan 7, 2013) - FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY) ("FLYHT") today announced that it has executed an agreement with Jabil Defense and Aerospace Services, a wholly-owned subsidiary of Jabil Circuit, Inc. (JBL), to manufacture the AFIRS 228 product line.AFIRS 228 is FLYHT''s next-generation flagship product. It will provide a fully certified avionics platform capable of meeting all air navigation communications requirements in Europe, the United States and other jurisdictions around the world. It will also provide the input and outputs necessary to enhance the value of real-time data for FLYHT''s customers globally. The AFIRS 228 will be the first safety services certified platform on the planet to provide black box data streaming via FLYHTStream™, FLYHT''s patent pending solution.Jabil Defense and Aerospace will begin manufacturing the AFIRS 228B for FLYHT customers globally in the first quarter of 2013 and the AFIRS 228S soon thereafter......While this agreement is anticipated to result in reduced manufacturing and inventory carrying costs, the major catalyst is management''s expectation of accelerated demand for AFRIS units in 2013.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.