BRS Aerospace Receives $8 Million In Additional Defense Orders | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 08.17.17

Airborne 08.14.17

Airborne 08.15.17

Airborne 08.16.17

Airborne 08.17.17

Airborne 08.18.17

Airborne-Unmanned 08.15.17

Airborne-YouTube

AMA 08.17.17

Airborne 08.14.17

Airborne 08.15.17

Airborne 08.16.17

Airborne 08.17.17

Airborne 08.18.17

Airborne-Unmanned 08.15.17

NEW!!! 2017 AirVenture Innovation Preview -- YouTube Presentation / Vimeo Presentation

Fri, Feb 12, 2010

BRS Aerospace Receives $8 Million In Additional Defense Orders

US Army Awards BRS Major Cargo Parachute Contracts

BRS Aerospace (Ballistic Recovery Systems, Inc.) a manufacturer of whole-aircraft emergency parachute systems, military cargo and personnel parachutes, and reflective safety products, announced Thursday that it has been awarded an additional $8M in new orders by the US Army to manufacture "low velocity" and “high velocity” cargo parachutes. This is a more than 50% increase to the current contract production levels. Production will occur at both the South St. Paul corporate headquarters facility and the company's North Carolina defense products facility. This significant contract increase will require an additional 134 new employees.

“We have been producing both low velocity and high velocity parachutes for the past several months and are delivering well ahead of schedule on the high velocity program. Such a sizeable increase to the delivery rate, coming relatively soon after our first run, is indicative of the trust and confidence the Army has in our quality and throughput abilities,” said Dave Blanchard, BRS Aerospace Chief Operating Officer.

"We expected increases in government spending on parachutes," according to Larry E.Williams, BRS Aerospace Chief Executive Officer. "As demonstrated by these contract awards from the Department of Defense, we are very proud of our ability to provide quality defense articles in a timely manner. This is something we have been planning and executing for some time now. We anticipate this increase in our defense business to significantly and positively affect the growth of BRS Aerospace. BRS is an industry leader in parachute technology and we are especially proud to be supporting our troops in this unique way."

“While the general aviation market continues to struggle, the strategic plan we embarked upon to diversify our product lines has proven itself, as military contracts now make up a majority of our total revenues,” said BRS Aerospace founder and director of public affairs, Boris Popov. “This diversification is making us more stable, predictable, and better able to position BRS Aerospace for the future. We are currently in the process of recapitalizing our debt structure. This, in conjunction with an infusion of additional financing, will both stabilize our financial situation and realize the opportunity these contracts present,” Mr. Popov concluded.

FMI: www.brsaerospace.com

Advertisement

More News

RFP: ANN Seeking New Site/Facility For Major Studio Upgrade

It's Official: Aggressive Upgrades For New Airborne Programs WILL Require New Digs It's been in development for years, but we're getting to a point where we think we can pull off s>[...]

Airborne-Unmanned 08.15.17: Reno Drone Races, DoD CrackDown, Blue Angels v UAV?

Also: Kansas DOT-AirMap, CIRRUAS Drone Program, Daytona Beach PD UAS, Virginia UAS SAR The Reno Air Racing Association has signed an agreement with the MultiGP Drone Racing League >[...]

AMA Drone Report 08.17.17: MULTI-GP Int'l Open, Drone v Chicago, Reno Drone Race

Also: Yuneec Extended Service Plan, UAV on A/C Carrier, Blue Angels Incident, Drone Operator Safety Act MultiGP’s 2017 MultiGP International Open, conducted on the grounds of>[...]

Airborne 08.18.17: NBAA v KSMO, Sully Attacked, DB Cooper Update

Also: New NASA Admin?, Anti-Aviation Hypocrites, Airberlin, Sky Hopper, Drone v Carrier, Jet Aviation, Airman Retires The NBAA joined five other stakeholders to file a brief with t>[...]

Airborne 08.17.17: GA Sales Report, Google Lunar XPRIZE, ATC Privatization

Also: Gustave Whitehead, AirVenture Innovation Preview, Learjet 75, HondaJet, ALEA, Honeywell, F-5N GAMA has published second quarter GA airplane shipment and billings data. The ge>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC