\n
Toronto, ON \u2013 June 5, 2024 \u2013 Firan Technology Group Corporation (TSX: FTG) today\u00a0announced the award of a contract valued at approximately $17 million CAD to supply cutting-edge cockpit interface assemblies for the display suite on COMAC\u2019s C919 aircraft. The period\u00a0of performance for this contract extends from the second half of 2024 through to the third quarter of 2026. The contract to FTG comes from Shanghai Avionics Company Ltd (SAVIC).<\/p>\n
Production will take place at FTG\u2019s manufacturing facilities in Toronto, Canada, and Tianjin, China. Production will start in Toronto and transition to Tianjin during the contract period.<\/p>\n
Peter Dimopoulos, Vice President of Business Development at FTG, expressed his enthusiasm for this award, stating, \u201cSecuring this contract is a significant milestone for FTG. We are proud to have successfully completed the rigorous development and certification process of our products, to contribute to the success of COMAC\u2019s C919 single-aisle aircraft, and to grow our Tianjin operations.\u201d<\/p>\n
FTG\u2019s extensive expertise and innovation in high-reliability cockpit control products and subsystems\u00a0have made it a trusted partner in the aerospace and defense markets. This contract\u00a0further solidifies FTG\u2019s position as a leader in delivering advanced, reliable avionic solutions that meet the evolving needs of the global aerospace industry.<\/p>\n
ABOUT FIRAN TECHNOLOGY GROUP CORPORATION<\/p>\n
FTG is an aerospace and defense electronics product and subsystem supplier to customers around the globe. FTG has two operating units:<\/p>\n
FTG Circuits is a manufacturer of high technology, high reliability printed circuit boards. Our customers are leaders in the aviation, defense, and high technology industries. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia and a joint venture in Tianjin, China.<\/p>\n
FTG Aerospace manufactures and repairs illuminated cockpit panels, keyboards and sub-assemblies for original equipment manufacturers of aerospace and defense equipment. FTG Aerospace has operations in Toronto, Ontario, Chatsworth, California and Tianjin, China.<\/p>\n
The Corporation\u2019s shares are traded on the Toronto Stock Exchange under the symbol FTG.<\/p>\n
FORWARD-LOOKING STATEMENTS<\/p>\n
This news release contains certain forward-looking statements. These forward-looking statements are related to, but not limited to, FTG\u2019s operations, anticipated financial performance, business prospects and strategies. Forward-looking information typically contains words such as \u201canticipate\u201d, \u201cbelieve\u201d, \u201cexpect\u201d, \u201cplan\u201d or similar words suggesting future outcomes. Such statements are based on the current expectations of management of the Corporation and inherently involve numerous risks and uncertainties, known and unknown, including economic factors and the Corporation\u2019s industry, generally. The preceding list is not exhaustive of all possible factors. Such forward-looking statements are not guarantees of future performance and actual events and results could differ materially from those expressed or implied by forward-looking statements made by the Corporation. The reader is cautioned to consider these and other factors carefully when making decisions with respect to the Corporation and not place undue reliance on forward-looking statements. Other than as may be required by law, FTG disclaims any intention or obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.<\/p>\n
For further information please contact:<\/strong><\/p>\nBradley C. Bourne, President and CEO
Firan Technology Group Corporation
Tel: (416) 299-4000 x314
bradbourne@ftgcorp.com<\/p>\n
Jamie Crichton, Vice President and CFO
Firan Technology Group Corporation
Tel: (416) 299-4000 x264
jamiecrichton@ftgcorp.com<\/p>\n
Additional information can be found at the Corporation\u2019s website www.ftgcorp.com<\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"
Toronto, ON \u2013 June 5, 2024 \u2013 Firan Technology Group Corporation (TSX: FTG) today\u00a0announced the award of a contract valued at approximately $17 million CAD to supply cutting-edge cockpit interface assemblies for the display suite on COMAC\u2019s C919 aircraft. The period\u00a0of performance for this contract extends from the second half of 2024 through to the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12024],"tags":[24730,12950,24735,24732,13535,24734,24731,14580,24733,13536,13617,13616,17195,3463,22025,612,2908,3912],"dealstore":[],"offerexpiration":[],"class_list":["post-38558","post","type-post","status-publish","format-standard","hentry","category-aerospace","tag-17m","tag-aircraft","tag-aisle","tag-assemblies","tag-awarded","tag-c919","tag-cad","tag-cockpit","tag-comacs","tag-contract","tag-corporation","tag-firan","tag-ftg","tag-group","tag-interface","tag-single","tag-supply","tag-technology"],"yoast_head":"\n
FIRAN TECHNOLOGY GROUP CORPORATION (\u201cFTG\u201d) AWARDED $17M CAD CONTRACT TO SUPPLY COCKPIT INTERFACE ASSEMBLIES FOR COMAC\u2019S C919 SINGLE AISLE AIRCRAFT - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=38558\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FIRAN TECHNOLOGY GROUP CORPORATION (\u201cFTG\u201d) AWARDED $17M CAD CONTRACT TO SUPPLY COCKPIT INTERFACE ASSEMBLIES FOR COMAC\u2019S C919 SINGLE AISLE AIRCRAFT - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Toronto, ON \u2013 June 5, 2024 \u2013 Firan Technology Group Corporation (TSX: FTG) today\u00a0announced the award of a contract valued at approximately $17 million CAD to supply cutting-edge cockpit interface assemblies for the display suite on COMAC\u2019s C919 aircraft. 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