Press Releases
FOR IMMEDIATE RELEASE
February 23, 2004
AVCON INDUSTRIES ANNOUNCES THE COMPLETION OF LEARJET
20 SERIES RVSM FLIGHT TESTING.
[OLATHE, KANSAS, February 23, 2004] - Butler
National Corporation (OTCBB - "BUKS") AVCON Industries,
a wholly-owned subsidiary of Butler National Corporation,
has completed flight testing and is awaiting FAA group approval
of the RVSM STC for Learjet 20 series aircraft. AVCON, which
began certification flight testing in March of 2003, has modified
and flight tested a total of six different Learjet 20 series
aircraft equipped with the AVCON RVSM solution. The six aircraft
represented a wide range of Lear 24/25 serial numbers and
approved wing designs, including the Century III, Mark II,
XR, SoftFlite and original Standard wing.
AVCON is currently accepting orders for its RVSM solution
and has installation slots available through November 2004.
AVCON has received orders with slot deposits for 24 aircraft,
with more than 20 additional orders pending. The current retail
price for the installed RVSM solution is $156,975, plus the
cost of required autopilot component inspections and repairs.
The AVCON RVSM turn-key solution requires approximately two
to three weeks downtime for structural and electrical modifications
to replace the existing pitot and static system, and to install
the approved RVSM equipment.
The AVCON RVSM solution is the result of a cooperative effort
between AVCON and BIZJET of Tulsa, Oklahoma. The two companies
joined forces over one year ago to provide a cost-effective
RVSM solution for Lear 20 series aircraft. Customer RVSM installations
will be available at either the AVCON or BIZJET maintenance
facilities.
"We are extremely pleased with the progress and hard
work of the AVCON team. This has been a vast undertaking and
now positions AVCON and BIZJET as the leaders in providing
an FAA approved RVSM solution for the Lear 20 series aircraft.
RVSM should significantly extend the useful life of these
outstanding aircraft," commented Clark Stewart, CEO and
President of Butler National Corporation.
Our Business:
About AVCON Industries, Inc.
AVCON Industries, Inc., a wholly-owned subsidiary of Butler
National Corporation, offers regulatory and special mission
modifications of business-size aircraft. AVCON is a Certified
Repair Station (B92R922N) and offers a full range of maintenance.
AVCON specializes in passenger to freighter conversions, installation
of aerial photography equipment, and stability enhancing modifications
for Learjet, Beechcraft, Cessna, and Dassault Falcon aircraft
along with other specialized modifications.
About Butler National Corporation
Butler National Corporation operates in the Aerospace and
Services business segments. The Aerospace segment focuses
on the manufacturing of support systems for "Classic"
commercial and military aircraft including the Butler National
TSD for Boeing 737 and 747 Classic aircraft, switching equipment
for Boeing/Douglas Aircraft, weapon control systems for Boeing
Helicopter and performance enhancement structural modifications
for Learjet, Cessna, Dessault and Raytheon business aircraft.
Services include electronic monitoring of water pumping stations,
temporary employee services, Indian gaming services and administrative
management services.
Forward-Looking Information:
The information set forth above may include "forward-looking"
information as outlined in the Private Securities Litigation
Reform Act of 1995. The Cautionary Statements, filed by the
Company as Exhibit 99 to the Company's Annual Report on Form
10-K, are incorporated herein by reference and investors are
specifically referred to such Cautionary Statements for discussion
of factors, which could affect the Company's operations, and
forward-looking statements contained herein.
FOR MORE INFORMATION, CONTACT:
William A. Griffith, Investor Relations
Butler National Corporation
19920 W. 161st Street
Olathe, KS 66062
Ph: 913-780-9595
Fax: 913-780-5088
For more information, please visit the Company web site: www.butlernational.com
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