Omni-Lite Industries Canada Inc. (the “Company” or “Omni-Lite”) is pleased to announce that it has received a new $4.8 million US, three-year contract from a major aerospace customer. At today’s conversion rate this contract would be valued at approximately $6.3 million CDN.
Additional value could accrue to this program as the contract can be amended to include new components at any time during the contract term. “This contract increases the Company’s current backlog to $11.1 million US,” stated Tim Leybold , CFO.
