The projected revenue from contract extensions expected to reach $80 million
VANCOUVER—Avcorp Industries Inc has signed a five-year contract extension with Boeing to provide the wheel well for the Next-Generation 737 as well as assemblies and components that support the Next-Generation 737, 747-8, 767, and 777. The contract value is about $80 million over five years, starting in 2013 and the parts and assemblies will be manufactured and delivered from Avcorp’s Delta, BC facility.
“Boeing has been a valued Avcorp customer for 20 years,” said Avcorp’s CEO Mark Van Rooij. “However, this extension represents a tremendous opportunity for even greater collaboration between our companies and fits perfectly with our continuous improvement and strategic growth plans.”
This Boeing contract extension provides a solid base of work for Avcorp over the contract term supporting a significant number of jobs at the BC. Last February, Avcorp received a 2011 Silver Boeing Performance Excellence Award recognizing suppliers who have achieved superior performance.