FLYHT signs master service agreement with Jabil
Jan. 7, 2013, Calgary - FLYHT Aerospace Solutions Ltd. today announced that it has executed an agreement with Jabil Defense and Aerospace Services, a wholly-owned subsidiary of Jabil Circuit, Inc., to manufacture the AFIRS 228 product line.
AFIRS 228 is FLYHT's next-generation flagship product. It will provide a fully certified avionics platform capable of meeting all air navigation communications requirements in Europe, the United States and other jurisdictions around the world. It will also provide the input and outputs necessary to enhance the value of real-time data for FLYHT's customers globally. The AFIRS 228 will be the first safety services certified platform on the planet to provide black box data streaming via FLYHTStream, FLYHT's patent pending solution.
Jabil Defense and Aerospace will begin manufacturing the AFIRS 228B for FLYHT customers globally in the first quarter of 2013 and the AFIRS 228S soon thereafter. Bill Tempany, president/CEO of FLYHT said: "We are very excited to have a global leader in the manufacture of avionics products be our partner in the production of our flagship product. We are working on the certification required by Transport Canada to have product delivered directly from the Jabil manufacturing facility to our end-customers and are looking forward to the streamlining of our processes."
While this agreement is anticipated to result in reduced manufacturing and inventory carrying costs, the major catalyst is management's expectation of accelerated demand for AFRIS units in 2013.
Tempany added that "we know Jabil has the global production volumes to obtain preferred pricing and reduced lead times for our products and meet our anticipated volume needs. Information we have been provided indicates that we should expect approximately 25 per cent of the annual Airbus A320 production through factory fit and retrofit installs will require AFIRS units. In order to meet that demand in combination with the ongoing expansion of our customer base, a higher volume production facility needed to be in place."
Scott Gebicke, President of Jabil Defense & Aerospace Services and VP Global Business Units, added: "FLYHT and the AFIRS product represent a disruptive innovation that can transform avionics data management and dissemination. We are proud to help FLYHT deliver the highest quality certified product to its growing customer base and will continue to support them in the development and delivery of their product family."
FLYHT's recent announcements featuring L3, Nigeria and new customers foretells the growth FLYHT expects to see and this relationship will allow FLYHT to meet the product demand, regardless of where in the world that demand comes from.