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ExcelTech

Nov. 18, 2009, Montreal – ExelTech Aerospace Inc., gains 40 per cent on the TSX Venture Exchange after the company announced a long-term agreement with Saab Aerotech of America LLC of Sterling, Va.


November 18, 2009
By Melissa Damota

Nov. 18, 2009, Montreal – ExelTech Aerospace Inc., gains 40 per cent on the TSX Venture Exchange after the company announced a long-term agreement with Saab Aerotech of America LLC of Sterling, Va.

The transaction makes ExelTech the sole authorized service centre in North America for the maintenance of the SAAB 340 aircraft type.

ExelTech stock rose one cent to close at 3.5 cents in heavy trading of nearly 2.2 million shares on the TSX Venture Exchange.