2012-08-09_production development

Avcorp Signs Production Development Contract with Boeing

August 9, 2012

DELTA, British Columbia, August 9, 2012: Avcorp Industries Inc. (“AVP” or the “Company”) is pleased to announce that it has received a purchase contract from Boeing Defense, Space & Security for the production development and supply of a prototype “Ruddevator,” a flight control system for stabilization and directional control of air-to-air refuelling booms for the KC-135 Tanker Fleet. The prototype redesign incorporates new processes and materials meant to enhance the reliability of the Ruddevator.

Avcorp has manufactured and supplied Boeing with various aircraft components, including Wheel Well Fairings for the Next-Generation 737, and CH-47 Chinook Helicopter Cockpit Enclosure assemblies.

“Avcorp is excited to be given this opportunity to further demonstrate our extensive and world-class Metal Bond technology and Assembly capabilities on the KC-135 Program,” said Mark van Rooij, President & CEO of Avcorp.

This contract with Avcorp is in line with Canada's Industrial & Regional Benefits (IRB) policy and is an integral part of Boeing's IRB programs in Canada. 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 several active IRB programs tied to the purchase and sustainment of four C-17 airlifters – designated CC-177 for Canadian Forces; the procurement of ScanEagle unmanned aircraft systems services; the purchase of 15 CH-47F Chinook medium-to-heavy-lift rotorcraft – designated CH-147 for Canadian Forces; and the Mercury Global program. Through these programs, Boeing continues a history of more than 90 years of creating longterm, 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, Bombardier, and Cessna. With more than 50 years of experience, over 500 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).

Contact:
Sandi DiPrimo, Investor Relations Contact | 604-587-4938
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