October 15, 2015
VANCOUVER: Avcorp Industries Inc. (TSX: AVP) (the “Company”, “Avcorp” or the “Avcorp Group”) is
pleased to announce it has been awarded its first purchase contract from Lockheed Martin. The scope of
this agreement will complement Avcorp’s existing manufacturing of the F-35 Carrier Variant (“CV”)
Outboard Wing (“OBW”) integrated assembly. Avcorp has been manufacturing OBW assemblies under a
long-term contract with BAE Systems since 2011. The additional Lockheed Martin purchase contract will
begin with production in the second quarter 2016 and first deliveries in the third quarter.
“We are extremely pleased to have been selected as a supplier partner to Lockheed Martin, one of the
world’s leading aerospace Original Equipment Companies. The F-35 Program is an important part of our
business strategy. With this opportunity we are committed to providing best value to our customer and
the JSF Program. We believe demonstrating our full capabilities to Lockheed Martin will open the door for
additional collaborative efforts.” states Peter George, CEO of the Avcorp Group.
The Avcorp Group designs and builds major airframe structures for some of the world’s leading aircraft
companies, including BAE Systems, Boeing and Bombardier. With more than 50 years of experience, over
388 skilled employees and 340,000 square feet of facilities at our Avcorp location in Delta BC which is
dedicated to light weight metal manufacturing and assembly and at our Comtek location in Burlington ON
which is dedicated to composites manufacturing and repair, the Avcorp Group 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 Industries Inc. is a
Canadian public company traded on the Toronto Stock Exchange (TSX:AVP).
Avcorp is currently a single-source supplier to BAE Systems for the manufacture and assembly of the CV
OBW main structure. The OBW structure is comprised of Titanium, Aluminum and Composite structure
sub-assemblies as well as numerous components for a variety of hydraulic and avionic sub-systems. The
Lockheed Martin new scope includes paint preparation work as well as the installation of control surfaces
and systems such as the outboard leading edge flaps, ailerons, fairings and sub-systems. The OBW will
continue to be delivered directly to Lockheed Martin’s Final Assembly and Check Out facility in Fort
Worth, Texas, USA. The JSF Program is forecasting the additional production of over 300 F-35 CV aircraft
over the next 20-25 years.
Sandi DiPrimo, Investor Relations Contact | 604-587-4938