News

Butler National Casino Subsidiary Poised to Offer First In Class Sports Betting to Kansas

OLATHE, KANSAS, May 16, 2022, – Leading the way to bring sports betting one step closer for Kansans, Butler National Corporation (OTCQB: BUKS), through its wholly-owned subsidiary that manages Boot Hill Casino & Resort in Dodge City, Kansas, has entered into agreements with sports betting providers, DraftKings (NASDAQ: DKNG) and Bally’s Corporation (NYSE: BALY). When sports wagering is launched in Kansas, anyone of legal betting age within the geographical boundaries of Kansas can place bets directly from their mobile devices or computers by accessing a participating sports book or by visiting a lottery gaming facility.

Butler National is a recognized provider of professional management services in the gaming industry and leader in special mission aircraft modifications. As the Boot Hill Casino manager for the State, the new sports betting law provides that the Butler National subsidiary may, subject to regulatory approvals, contract with up to three sports wagering platform providers in addition to offering sports wagering at a retail sports book in the Boot Hill Casino facility located in Dodge City.

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Avcon ISR Receives FAA Approval for Lear 60 Underwing Sensors, Pods and Target Reeling Machine

OLATHE, KANSAS, April 6, 2022, – Butler National Corporation (OTCQB: BUKS) announces that its subsidiary Avcon Industries, Inc, a leading provider of ISR and special mission solutions for aircraft, has received Federal Aviation Administration (FAA) Supplemental Type Certificate (STC) approval for the installation of wing-mounted hard points with the carriage provisions for external stores on the Learjet Model 60 airplane.

FAA STC ST01984WI approves the installation of the Avcon ISR Solutions Learjet 60 underwing stores carriage provisions and underwing stores. The previously-approved Avcon Hard Points have a payload capacity of up to 1000 pounds underneath each wing. The comprehensive flight test program demonstrated underwing loads that would include the MTR-101 Reeling Machines (Tow Targets) and Special Mission Pods. The large Lear 60 stand-up cabin provides room for up to four Special Mission consoles. The consoles may be used to control a large variety of Special Mission pods for the more complex missions needed in todays and future markets. The new aircraft capability has created significant interest from our existing customers. The Lear 60 is an extremely capable special missions aircraft, complimentary to the already widely used and successful Lear 35/36 airplanes.

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FY 2022 Q3 – Financial Results and Conference Call

OLATHE, KANSAS, March 15, 2022, – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the third quarter fiscal 2022 ended January 31, 2022. In conjunction with the release, the Company has scheduled a conference call Thursday, March 17, 2022 at 9:00 AM Central Daylight Time.

What: Butler National Corporation Third Quarter Fiscal 2022 Financial Results Conference Call

When: Thursday, March 17, 2022 – 9:00 AM Central Daylight Time

How: Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the third quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2022.

To view the full press release in PDF format, please click here.

To view Butler National Corporation Q3 FY2022 Form 10-Q in PDF format, please click here.

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Avcon Industries, Inc. ISR Solutions Receives FAA Approval for King Air Wing-Mounted Hard Points and SAT COM Radome

OLATHE, KANSAS, January 20, 2022, – Butler National Corporation (OTCQB: BUKS) announces that its subsidiary Avcon Industries, Inc., a leading provider of ISR (intelligence, surveillance, and reconnaissance) and special mission solutions for aircraft, received Federal Aviation Administration (FAA) Supplemental Type Certificate (STC) approval for the installation of hard points, also known as provisions for external stores. The hard points are wing-mounted inboard and outboard with an optional cost-effective SATCOM/BLOS Radome on the Beechcraft King Air Model 200, B200, B300, 350. The collective modification package, including the Avcon lower fuselage ISR POD, defines the new Avcon ISR NG King Air platform. Avcon is increasing its focus on developing ISR Solutions across multiple aircraft platforms.

With its expansion of ISR-capable products, Avcon has developed a new subsidiary, Avcon ISR Solutions, to reinforce the Avcon presence in the ISR marketplace. The ISR products are derivative of the commercial products Avcon has developed and installed for more than 50 years. Avcon will continue to develop, manufacture, and install products under its Avcon Industries, Inc. identity for the commercial market in addition to the new Avcon ISR Solutions brand.

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Avcon Caravan Aircraft Sensor Platform FAA STC Approved

OLATHE, KANSAS, January 5, 2022, Butler National Corporation (OTCQB: BUKS) announces that its subsidiary Avcon Industries, Inc., a leading provider of ISR and special mission solutions for aircraft, received Federal Aviation Administration approval of Avcon special mission modifications for the Model 208 and 208B Caravan. FAA Supplemental Type Certificate number SA01975WI approves Avcon fuselage sensor ports with or without the Avcon Mission Power System for the Textron Aviation (Cessna) Model 208/208B.

The Avcon Caravan Sensor STC solution offers a cost-effective installation of dual sensor holes (ports) in the aft fuselage of the airplane and the optional provisions for custom missionization power for the Caravan.

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FY 2022 Q2 – Financial Results and Conference Call

OLATHE, KANSAS, December 14, 2021, – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the second quarter fiscal 2022 ended October 31, 2021. In conjunction with the release, the Company has scheduled a conference call Thursday, December 16, 2021 at 9:00 AM Central Standard Time.

What: Butler National Corporation Second Quarter Fiscal 2022 Financial Results Conference Call

When: Thursday, December 16, 2021 – 9:00 AM Central Standard Time

How: Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the second quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2022.

To view the full press release in PDF format, please click here.

To view Butler National Corporation Q2 FY2022 Form 10-Q in PDF format, please click here.

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Butler National Welcomes Kansas Senate Leaders

December 10, 2021

Butler National appreciates sharing the Avcon successes in driving Aviation business to Kansas with Kansas Senate Leadership, Senate President Ty Masterson, Senate Vice President Rick Wilborn, Senate Majority Leader Larry Alley and Chief of Staff for the Kansas Senate President, Chase Blasi. The Kansas Senate leaders visited Avcon this week to see the developments by our hardworking Avcon Team! Thanks for your time and public service Senate Leaders.

Butler National Acquires All Equity Interest of Boot Hill Casino Manager

OLATHE, KANSAS, October 20, 2021, – Butler National Corporation (OTCQB: BUKS) a recognized provider of professional management services in the gaming industry, announces its subsidiary, Butler National Service Corporation (BNSC) closed on the purchase of the minority equity ownership interest in BHCMC, LLC, (BHCMC) that results in BNSC being the sole owner of BHCMC, manager of the Boot Hill Casino & Resort.

BNSC purchased the 2,000 Class A Preferred Membership Units from BHC Investment Company, LC for approximately $16.4 million including an allocation for taxes. The Sale and Purchase of the Preferred Units in BHCMC, LLC makes BNSC the sole owner/member of BHCMC.

To view the full press release in PDF format, please click here.

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FY 2022 Q1 – Financial Results and Conference Call

OLATHE, KANSAS, September 10, 2021, – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the first quarter fiscal 2022 ended July 31, 2021. In conjunction with the release, the Company has scheduled a conference call Tuesday, September 14, 2021 at 10:00 AM Central Daylight Time.

What: Butler National Corporation First Quarter Fiscal 2022 Financial Results Conference Call

When: Tuesday, July 20, 2021 – 9:00 AM Central Daylight Time

How: Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the fourth quarter and fiscal year end, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2022.

To view the full press release in PDF format, please click here.

To view Butler National Corporation Q1 FY2022 Form 10-Q in PDF format, please click here.

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FY 2021 Q4 – Financial Results and Conference Call

OLATHE, KANSAS, July 16, 2021, – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the fourth quarter and fiscal year ended April 30, 2021. In conjunction with the release, the Company has scheduled a conference call Tuesday, July 20, 2021 at 9:00 AM Central Daylight Time.

What: Butler National Corporation Fourth Quarter Fiscal Year End 2021 Financial Results Conference Call

When: Tuesday, July 20, 2021 – 9:00 AM Central Daylight Time

How: Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the fourth quarter and fiscal year end, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2022.

To view the full press release in PDF format, please click here.

To view Butler National Corporation Q4 FY2021 Form 10-K in PDF format, please click here.

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FY 2021 Q3 – Financial Results and Conference Call

OLATHE, KANSAS, March 12, 2021, – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the third quarter fiscal 2021 ended January 31, 2021. In conjunction with the release, the Company has scheduled a conference call Monday, March 15, 2021 at 10:00 AM Central Daylight Time.

What: Butler National Corporation Third Quarter Fiscal 2021 Financial Results Conference Call

When: Monday, March 15, 2021 – 10:00 AM Central Daylight Time

How: Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the third quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2021.

To view the full press release in PDF format, please click here.

To view Butler National Corporation Q3 FY2021 Form 10-Q in PDF format, please click here.

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Butler National Lease Buy-Out Debt Transaction Completed

Butler National subsidiary BHCMC, LLC acquires Boot Hill Casino Real Estate with a $42 Million Debt Transaction

OLATHE, KANSAS, December 22, 2020, – Butler National Corporation (OTCQB: BUKS) a recognized provider of professional management services in the gaming industry, announces the completion of the acquisition of the Boot Hill and Resort Casino land and building by the exercise of its lease buy-out option.

BHCMC, LLC completed a $42 Million debt transaction to exercise an option to acquire the casino land and building for $41.25 million from BHC Development, L.C. The transaction consisted of two bank loans with Academy Bank, N.A. One note for $35 million collateralized by real estate in Dodge City with an interest rate of 5.25% payable over seven years with an initial twenty-year amortization and a balloon payment of approximately $19.25 million at the end of seven years. The second note for $7 million collateralized by real estate in Dodge City with an interest rate of 5.75% payable in full over five years. The balance of the two loans was used to pay financing related expenses and attorney fees.

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FY 2021 Q2 – Financial Results and Conference Call

OLATHE, KANSAS – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the second quarter fiscal 2021 ended October 31, 2020. In conjunction with the release, the Company has scheduled a conference call Tuesday, December 15, 2020 at 10:00 AM Central Standard Time.

What: Butler National Corporation Second Quarter Fiscal 2021 Financial Results Conference Call

When: Tuesday, December 15, 2020 – 10:00 AM Central Standard Time

How: Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the second quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2021.

To view the full press release in PDF format, please click here.

To view Butler National Corporation Q2 FY2021 Form 10-Q in PDF format, please click here.

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FY 2021 Q1 – Financial Results and Conference Call

OLATHE, KANSAS – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the first quarter fiscal 2021 ended July 31, 2020. In conjunction with the release, the Company has scheduled a conference call Tuesday, September 15, 2020 at 10:00 AM Central Daylight Time.

What: Butler National Corporation First Quarter Fiscal 2021 Financial Results Conference Call

When: Tuesday, September 15, 2020 – 10:00 AM Central Daylight Time

How: Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the first quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2021.

To view the full press release in PDF format, please click here.

To view Butler National Corporation Q1 FY2021 Form 10-Q in PDF format, please click here.

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FY 2020 Q4 – Financial Results and Conference Call

Revenue Increased 12%, Net Income of $4.2 Million

OLATHE, KANSAS – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the fourth quarter and fiscal year ended April 30, 2020. In conjunction with the release, the Company has scheduled a conference call Tuesday, July 21, 2020 at 9:00 AM Central Daylight Time.

What: Butler National Corporation Fourth Quarter Fiscal Year End 2020 Financial Results Conference Call

When: Tuesday, July 21, 2020 – 9:00 AM Central Daylight Time

How: Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the fourth quarter and fiscal year end, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2021.

To view the full press release in PDF format, please click here.

To view Butler National Corporation Q4 FY2020 Form 10-K in PDF format, please click here.

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