News

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.

Avcon received FAA STC approval of:

(1) Wing-mounted Hard Points having a payload capacity of up to 325 pounds underneath each wing for the inboard stores (STC SA04178NY) and 225 pounds (per side) for each store on the outboard pylon (STC SA01965WI); with or without the

(2) Avcon SATCOM (BLOS) antenna radome KU/KA/X-band (STC SA04204NY).

Avcon has deployed its King Air 350 (Model B300) airplane to expand the cost-effective product offerings to create the Avcon ISR NG King Air platform. The Avcon ISR NG King Air includes the Avcon multi-purpose special mission ISR POD (fuselage belly sensor carrying radome/pod compartment), the Avcon hard points with custom-mounted stores, and the Avcon SATCOM Radome. The King Air 350 is the first airplane to be certified with the Avcon Hard Points.

Management Comments

Marcus Abendroth, Avcon President said, “We are excited to recognize Avcon’s vast experience, specialized ISR solutions, and understanding of the ISR marketplace with the name of Avcon ISR Solutions. Avcon further appreciates the customer interest in the latest and very cost-effective Avcon King Air products. Avcon can timely complete the Avcon ISR NG King Air platform modification that includes the provisions for external underwing stores and SAT COM radome.” Mr. Abendroth added: “The Avcon hard points are capable of mounting any NATO stores. Avcon fabricates and installs all the parts associated with the provisions for external stores. Avcon has significantly expanded its potential role in supplying quick turnaround modifications and cost-effective solutions in the King Air ISR / Special Mission Market. I am confident that our customers will find continued confidence in these new Avcon ISR Solutions.”

Our Business:

Avcon Industries, Inc. is a wholly owned subsidiary of Butler National Corporation. Avcon focuses on the manufacturing and certification of aviation-related products, including special mission solutions, intelligence surveillance and reconnaissance solutions, systems integration, avionics offerings and regulatory compliance solutions.

Butler National operates in the Aerospace and Management Services business segments. In addition to the Avcon capabilities, the Aerospace segment also provides controls for weapons systems. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information:

Statements made in this report, other reports and proxy statements filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute “forward-looking statements” within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements can often be identified by the use of forward-looking terminology, such as “could,” “should,” “will,” “intended,” “continue,” “believe,” “may,” “expect,” “hope,” “anticipate,” “goal,” “forecast,” “plan,” “guidance” or “estimate” or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in Item 1A of the Company’s Annual Report on Form 10-K, incorporated herein by reference. Risk Factors and elsewhere herein or in other reports filed with the SEC. Other unforeseen factors not identified herein could also have such an effect. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial condition or business over time.

FOR MORE INFORMATION, CONTACT:

Aric Peters, Director of Sales and Marketing
(913) 780-9595

THE WORLDWIDE WEB:

Please review www.avconindustries.com for pictures of our products and details about Avcon Industries, Inc. Please review www.butlernational.com for information about Butler National Corporation and its subsidiaries.

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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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FY 2020 Q3 – Financial Results and Conference Call

Revenue Increased 18%, Net Income of $1.3 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 third quarter fiscal 2020 ended January 31, 2020. In conjunction with the release, the Company has scheduled a conference call Monday, March 16, 2020 at 10:00 AM Central Daylight Time.

What: Butler National Corporation Third Quarter Fiscal 2020 Financial Results Conference Call

When: Monday, March 16, 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 third quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2020.

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

To view Butler National Corporation Q3 FY2020 Form 10-Q in PDF format, please click here.

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FY 2020 Q2 – Financial Results and Conference Call

Revenue Increased 27%, Net Income Increased 30% to $2.2 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 second quarter fiscal 2020 ended October 31, 2019. In conjunction with the release, the Company has scheduled a conference call Tuesday, December 17, 2019 at 9:00 AM Central Standard Time.

What: Butler National Corporation Second Quarter Fiscal 2020 Financial Results Conference Call

When: Tuesday, December 17, 2019 – 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 2020.

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

To view Butler National Corporation Q2 FY2020 Form 10-Q in PDF format, please click here.

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Butler National Casino Management Contract 15-Year Renewal Approved

Kansas Lottery Signs Agreement for Amendment and Renewal of Lottery Gaming Facility Management Contract with Butler National Service Corporation and BHCMC for 15-Year Extension

Olathe, Kansas – Butler National Corporation (OTCQB: BUKS) a recognized provider of professional management services in the gaming industry, announces the Kansas Lottery has entered into a Renewal Agreement for the Lottery Gaming Facility Management Contract for the Boot Hill Casino with subsidiaries Butler National Service Corporation and BHCMC, LLC that includes a 15-year extension following the term of the current Management Contract. The new contract benefits the State of Kansas, Southwest Kansas and Butler National.

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

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