Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Bombardier, maker of planes and trains and other things -- Ignore unavailable to you. Want to Upgrade?

To: Gilbert Drapeau who wrote (655)	9/30/1999 10:23:00 PM
From: Hassan Lakhani	Read Replies (1) \| Respond to of 1177

According to last Saturday's Financial Post, the short interest in Bombardier had increased from 13 to 21 million shares. Hopefully today is just the start of the shorts covering their positions! If so, we could be in for a nice ride. Hassan

To: Gilbert Drapeau who wrote (655)	10/1/1999 9:00:00 AM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

Avcorp Announces Bombardier Contract Extensions OCTOBER 1, 1999 VANCOUVER, BRITISH COLUMBIA--Avcorp Industries Inc. (AVP on the Toronto Stock Exchange) is pleased to announce the award of a contract extension with Bombardier Aerospace for the fabrication, assembly and supply of horizontal stabilizers for the CRJ100/200 Series regional airliners. The extension has generated orders for a value of CDN$15 million, and could potentially generate additional orders for CDN$45 million over the term of the contract. In service since November 1992, the 50-seat Canadair Regional Jet(r) aircraft has been setting the standard for jetliner travel in North American and European medium-range markets, and is now in service or on order with 31 airlines and corporate customers worldwide. "We are firm believers that Canadian companies have the capability, experience and competitive background necessary to supply primary flight structures to the world's prominent aircraft manufacturers. Bombardier's continuation of the CRJ stabilizers contract with us is confirmation of that belief and we are pleased to continue our long-standing relationship with them", said Mr. Ron Palfery, Senior Vice-President, Aerostructures Division in Delta, BC. With this contract extension, Avcorp's order backlog is CDN$285 million at FY99 year-end. Avcorp Industries Inc. is a Canadian aerospace industry manufacturer. The Company is a single-source supplier for design, fabrication and assembly of metal, composite and acrylic components and is structured with five divisions: Aerostructures, Composites, Metal Products, Engineering and Proprietary Products.