FLYHT Set to Fulfill Follow-On Order for OEM Partner

FLYHT Aerospace Solutions Ltd. (TSXV: FLY) has announced it will be fulfilling a $2.43 million USD order for one of its returning Original Equipment Manufacturing customers.

As per the current agreement, FLYHT will develop its AFIRS 228S – an automated flight information reporting system, which will then be licensed by the OEM customer and delivered to Europe for further retrofitting. FLYHT will be responsible for the product shipping in 2020, and is therefore anticipating similar licensing revenues to that of 2019.

FLYHT is a Canadian company focused on providing aircraft companies with aircraft performance insight technology. The company recognized revenues of $16.8 million for the nine month period ended September 30, 2019.

FLYHT Aerospace Solutions Ltd is currently trading at $1.61 on the TSX Venture.


Information for this briefing was found via Sedar and FLYHT Aerospace Solutions Ltd. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Snowline Gold: The Multi Billion Dollar Valley PEA

Euro Sun: Rovina Copper-Gold Project Secures Some Major Funding

Arizona Metals: The Disappointing Kay Mine Resource Estimate

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

FLYHT Receives $1.77 Million Purchase Order from Turkish Aviation Company

FLYHT Aerospace Solutions Ltd (TSXV: FLY) has received a software as a service (SAAS) purchase...

Monday, February 24, 2020, 12:45:28 PM