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Avcorp Announces 2017 Second Quarter Financial Results

2017-08-14 prnewswire
VANCOUVER, Aug. 14, 2017 /PRNewswire/ - Avcorp Industries Inc. (TSX: AVP) (the "Company", "Avcorp" or the "Avcorp Group") today announced its financial results for the quarter ended June 30, 2017. All amounts are in Canadian currency unless otherwise stated.

Avcorp Revocation of Cease Trade Orders and Election of Directors

2017-07-01 prnewswire
VANCOUVER, June 30, 2017 /PRNewswire/ - Avcorp Industries Inc. (TSX: AVP) (the "Company", "Avcorp" or the "Avcorp Group") announces that it has been successful in its application to the British Columbia Securities Commission, to revoke the cease trade orders issued on June 19, 2017, respectively (collectively, the "Cease Trade Orders"). The Cease Trade Orders were issued as a result of the Company's late filing of its annual audited financial statements for the year ended December 31, 2016, interim financial report for the period ended March 31, 2017, management discussion and analysis for the periods ended December 31, 2016 and March 31, 2017, annual information form for the year ended December 31, 2016 and the associated certifications for the periods ended December 31, 2016 and March 31, 2017 (the "Annual and Interim Filings").

Avcorp Announces 2016 Annual and 2017 First Quarter Financial Results

2017-06-29 prnewswire
VANCOUVER, June 29, 2017 /PRNewswire/ - Avcorp Industries Inc. (TSX: AVP) (the "Company", "Avcorp" or the "Avcorp Group") today announced its financial results for the year ended December 31, 2016 and quarter ended March 31, 2017. All amounts are in Canadian currency unless otherwise stated.

Avcorp Extends Credit Facilities to US$58 Million

2017-03-18 prnewswire
VANCOUVER, March 17, 2017 /PRNewswire/ - Avcorp Industries Inc. (TSX: AVP) (the "Company" or "Avcorp") is pleased to announce that it has entered into an agreement to extend its existing credit facilities with its current lender to US$58 million, up from CAD$21 million.  The credit facility extension supports the Company's recent efforts to re-structure operations, win long-term production contracts and strengthen its relationships with key customers.

Avcorp announces the resignation of Ray Castelli

2017-03-17 prnewswire
VANCOUVER, March 16, 2017 /PRNewswire/ - Avcorp Industries Inc. (TSX: AVP) (the "Company", "Avcorp" or the "Avcorp Group") today announced the resignation of Ray Castelli from the Board of Directors of the Company.

Avcorp Announces 2016 Third Quarter Financial Results

2016-11-15 prnewswire
VANCOUVER, Nov. 14, 2016 /PRNewswire/ - Avcorp Industries Inc. (TSX: AVP) (the "Company", "Avcorp" or the "Avcorp Group") today announced its financial results for the three and nine month periods ended September 30, 2016. All amounts are in Canadian currency unless otherwise stated.

Long-Term Production Contract from FHI

2016-11-11 asdnews
Avcorp Industries Inc. (TSX: AVP) (the "Company", "Avcorp" or the "Avcorp Group") is pleased to announce that it has been awarded a long-term production contract with the Aerospace Company of Fuji Heavy Industries Ltd. ("FHI"), a tier-one supplier to major original equipment manufacturers ("OEM") of commercial and defence aircraft around the world.

BRIEF-Avcorp Industries announces restructuring

2016-11-09 feeds.reuters
* Avcorp Industries - issued 60 day warn notifications on October 24, 2016, as part of a restructuring initiative at its Gardena California facility

Brazil's Petrobras to cut diesel, gasoline prices as oil falls

2016-11-09 reuters
SAO PAULO Nov 8 State-controlled Petróleo Brasileiro SA said on Tuesday it plans to cut diesel and gasoline prices at the refinery point on Wednesday, following a decline in oil prices.

GoPro to recall about 2,500 Karma drones

2016-11-09 reuters
Nov 8 Wearable camera maker GoPro Inc said on Tuesday it would recall about 2,500 units of its newly launched Karma drones as they lost power during use.

Avcorp announces restructuring at its Gardena facility

2016-11-09 prnewswire
VANCOUVER, Nov. 8, 2016 /PRNewswire/ - Avcorp Industries Inc. (TSX: AVP) (the "Company", "Avcorp" or the "Avcorp Group") has announced that it has issued 60 day WARN notifications on October 24, 2016, as part of a restructuring initiative at its Gardena California facility that will result in a workforce reduction of 75 permanent employees by December 31, 2016. This reduction is in addition to exiting 180 temporary workers during the last 90 days, which were added this year to support customers' requirements arising from legacy product issues.

Multiple Production Contracts for Avcorp

2016-09-23 asdnews
Avcorp Industries Inc. (TSX: AVP) (the "Company", "Avcorp" or the "Avcorp Group") today announced that it has been awarded multiple production contracts from Boeing.

Avcorp announces 2016 Second Quarter Financial Results

2016-08-16 prnewswire
VANCOUVER, Aug. 15, 2016 /PRNewswire/ - Avcorp Industries Inc. (TSX: AVP) (the "Company", "Avcorp" or the "Avcorp Group") today announced its second quarter financial results for the quarter ended June 30, 2016.

Will Boeing Get an Order for 737 MAX from Qatar Airways?

2016-07-13 zacks
While Qatar Airways and Airbus Group SE (EADSY - Snapshot Report) are at loggerheads over unresolved faults related to the latter’s A320neo model, the situation may turn out to be beneficial for The Boeing Co. (BA - Analyst Report) . According to sources, Boeing is presently in talks with the airline for an order of up to 30 jets. Factors Driving the Potential Order Earlier this year, Qatar Airways cancelled the first delivery of the A320neo jets due to delayed dispatch of the same.

Avcorp Composite Fabrication Inc. and Union Reach Long Term Collective Agreement

2016-07-01 marketwired
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 30, 2016) - Avcorp Composite Fabrication Inc. (ACF), located in Gardena, California (Avcorp Industries Inc.'s (TSX:AVP) most recent acquisition), is pleased to announce that it has reached a Collective Bargaining Agreement with the Glass Molders and Plastics Union (GMP) Local 19 for a six (6) year labor contract.

Canadian aerospace industry earned highest profits last year since 2001: report

2016-06-28 winnipegfreepress
MONTREAL - The Conference Board of Canada says Canada's aerospace manufacturers earned their highest pre-tax profits last year since 2001 as the lower Canadian dollar helped the export-oriented sector overcome a "disappointing global economy."

Avcorp Awarded Follow-on Lockheed Martin Contract for F-35 Composite Work at Avcorp Composite Fabrication Inc.

2016-05-31 prnewswire
VANCOUVER, May 31, 2016 /PRNewswire/ - Avcorp Industries Inc. (TSX: AVP) (the "Company", "Avcorp" or the "Avcorp Group") is pleased to announce it has been awarded a contract extension with Lockheed Martin.  The agreement extends into 2020 the current composite fabrication work scope, at Avcorp's Gardena California facility, for F-35 wing skin panels, nacelle panels and body access panels.

Avcorp announces election of directors

2016-05-28 prnewswire
VANCOUVER, May 27, 2016 /PRNewswire/ - Avcorp Industries Inc. (TSX: AVP) (the "Company", "Avcorp" or the "Avcorp Group") today announced that at its annual meeting of shareholders held on May 19, 2016 (the "Meeting"), all directors nominated as listed in the management proxy circular dated April 21, 2016 were elected.  The details are as follows:

Avcorp announces 2016 First Quarter Financial Results

2016-05-17 prnewswire
VANCOUVER, May 16, 2016 /PRNewswire/ - Avcorp Industries Inc. (TSX: AVP) (the "Company", "Avcorp" or the "Avcorp Group") today announced its first quarter financial results for the quarter ended March 31, 2016.

Reynolds (RAI) Q1 Earnings: A Surprise in the Cards?

2016-04-21 zacks
Reynolds American Inc. (RAI - Analyst Report) is set to report first-quarter 2016 results on Apr 26, before the opening bell. Last quarter, the cigarette company posted a negative surprise of 4.00%.

Avcorp Industries announces management changes

2016-04-20 prnewswire
VANCOUVER, April 20, 2016 /PRNewswire/ - Avcorp Industries Inc. (TSX: AVP) (the "Company", "Avcorp" or the "Avcorp Group") today announces that effective April 22, 2016, Mark van Rooij has decided to resign his role as President and CEO of Avcorp, Delta. Additionally, Mr. van Rooij has also elected not to stand for re-election as a Director of Avcorp at the Company's upcoming Annual and General Meeting.

Avcorp Receives Confirmed Orders from LM Expanded Scope on the F-35 Outboard Wing

2016-04-18 asdnews
You are here: ASDNews Home > Avcorp Receives Confirmed Orders from LM Expanded Scope on the F-35 Outboard Wing

Avcorp Receives Confirmed Orders from Lockheed Martin Expanded Scope on the F-35 Outboard Wing

2016-04-16 prnewswire
VANCOUVER, April 15, 2016 /PRNewswire/ - Avcorp Industries Inc. (TSX: AVP) (the "Company", "Avcorp" or the "Avcorp Group") is pleased to announce that further to the contract award from Lockheed Martin announced on October 15, 2015 for the expanded scope on the F-35 Carrier Variant Outboard Wing ("CV OBW"), Avcorp has received a firm order for the remaining units in the next two production phases, referred to as Low Rate Initial Production ("LRIP") nine and LRIP ten.