New order confirms expanded scope of work, sets production schedule for second quarter
VANCOUVER—Avcorp Industries Inc. has received a firm order from Lockheed Martin for an F-35 wing component, ensuring the company’s expanded role in the project through at least 2018.
The order follows a contract awarded by the U.S. defence firm last October, which expanded the scope of Avcorp’s work on the F-35 project’s Carrier Variant Outboard Wing, which it has been producing since 2011.
“We are excited with the recent collaboration efforts between Lockheed Martin and Avcorp,” Peter George, Avcorp’s CEO, said. “The resulting increases in efficiency and cost savings to the F-35 Program are a testament to the types of synergy opportunities available to our customers.”
George added the B.C.-based company is in discussions with Lockheed to grow its role in the fighter jet program further as a result of its increasing composite manufacturing capabilities.
The current agreement locks in orders for the next two production phases of the F-35 project. Avcorp said its product introduction process is nearing completion, and production on the components will begin in the second quarter of this year. The first delivery is scheduled for the third quarter of 2016, with orders extending through 2018.