News

Tad McMahon Appointed as CFO

Olathe, Kansas – Butler National Corporation ($BUKS), a leading manufacturer and provider of support systems for commercial and military aircraft and a recognized provider of management services in diverse business groups including the gaming industry, today announced that its Board of Directors appointed Tad McMahon as Chief Financial Officer for the Corporation.

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Stock Repurchase Program Announced

Olathe, Kansas – Butler National Corporation ($BUKS), a leading manufacturer and provider of support systems for commercial and military aircraft and a recognized provider of management services in diverse business groups including the gaming industry, today announced that its Board of Directors approved a stock repurchase program authorizing the repurchase of up to $500,000 of its common stock. Purchases under the program are authorized through May 1, 2018. At current market prices, this represents authorization to repurchase approximately 4% of outstanding shares.

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Conflict Minerals Report

For the Year Ended December 31, 2015

BUTLER NATIONAL CORPORATION CONFLICT MINERALS REPORT

The aerospace part of Butler National’s business is based upon design engineering and installation innovations to enhance and support products related to airplanes and ground support equipment. Certain Butler products contain materials and components which use small amounts of conflict minerals. Due to the depth of the supply chain, Butler is far removed from the sources of ore from which these materials are produced and the smelters or refiners that process those ores. The amount of information available globally on the traceability and sourcing of these ores is limited and Butler must rely on its suppliers to provide us with information on the origin of any conflict minerals contained in components and materials supplied to us.

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$5 Million Order From Orbital ATK, Inc. Announced

Olathe, Kansas – Butler National Corporation ($BUKS), a leading manufacturer and provider of support systems for commercial and military aircraft and a recognized provider of management services in diverse business groups including the gaming industry, announces its Tempe Arizona Division was awarded a contract for approximately $5 million from Orbital ATK, Inc., Mesa, AZ. (NYSE: OA).

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