FLYHT provides Q4 2017 update
FLYHT Aerospace Solutions has announced $555,000(U.S.) in new sales contracts and purchase orders during the fourth quarter of 2017.
The new sales contracts are with an existing Canadian customer that ordered an Automated Flight Information Reporting System (AFIRSTM) 228 hardware kit. FLYHT also sold parts to an international military parts supplier.
In addition to these latest orders, FLYHT previously announced an AFIRS contract in the fourth quarter with Turkey-based Azur Aviation for USD $2.1 million in a press release dated October 17, 2017. This brings the total new sales contracts and purchase orders for the quarter to USD $2.7 million, assuming FLYHT provides services over the full term of each of the agreements.
For the year 2017, FLYHT has booked USD $16.9 million in sales contracts and purchase orders for all revenue categories. This figure includes USD $209,000 of purchase orders received earlier this year from an aircraft lessor and distributor, but not previously reported. At the end of November 2017, the sales order backlog for AFIRS kits and voice and data services exceeded $27 million.
FLYHT was also issued the Civil Aviation of China Supplemental Type Certificate (STC) for the E-190 Embraer Jet family during the fourth quarter and is continuing to pursue the Federal Aviation Administration (FAA) STC at the request of a customer.
During the fourth quarter, significant effort has been spent enhancing FLYHTStreamTM for use with Inmarsat SwiftBroadband. This work is in support of the Boeing ecoDemonstrator Program, which was previously announced on August 10, 2017. FLYHTStream enhancements include the real-time simulation of the flight deck controls and indicators during streaming as well as the real-time streaming of flight deck audio which augments the flight data streaming component. The FLYHT equipment has been delivered for this trial, which will be initiated on a FedEx B-777 during the first quarter of 2018.
These enhancements will also be demonstrated with Inmarsat as the aircraft interface component for their “Black Box in the Cloud” always-on streaming concept for SwiftBroadband–Safety (SB-S) network. This trial was announced by Inmarsat on September 19, 2017 in an Inmarsat press release titled Inmarsat to demonstrate advanced SwiftBroadband-Safety capabilities in flight trial with FLYHT.