Avcorp Industries Inc.

Avcorp Industries Inc.

AVP.TO
Avcorp Industries Inc.CA flagToronto Stock Exchange
0.11
CAD
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Avcorp Industries Inc.
AVP.TO
(Toronto Stock Exchange)

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0.11

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Business
Avcorp Industries Inc. is an aerospace manufacturing company specializing in the design, fabrication, and assembly of metal, composite, and plastic aerostructure components and assemblies. The company offers a comprehensive range of products and services, including metallic and composite aerostructure assembly and integration; production of aircraft structural components such as horizontal and vertical stabilizers, fuel tanks, rotorcraft nose enclosures, wing assemblies, wheel well fairings, and overwing exit doors; manufacturing composite wing skins, flap track fairings, floor beams, floor panels, access panels, engine components, nacelle straps, and stringers. Additionally, Avcorp provides repair services for engine cowls, inlets, nozzles, leading edges, control surfaces, access panels, radomes, air stairs, and ducts. The company also offers specialized manufacturing capabilities like anodizing, coating, heat treating, precision machining, metal bonding and forming, non-destructive testing, and systems integration. Avcorp serves aircraft manufacturers across Canada, the United States, Europe, Asia, and Australia, targeting commercial and defense aerospace markets. Founded in 1972 and headquartered in Delta, British Columbia, Canada, Avcorp operates as a supplier to major aerospace original equipment manufacturers, with a strong presence in airframe structures and aerostructure assemblies. The company supports its customers with engineering services, contract manufacturing, tooling design and fabrication, and comprehensive aerostructure solutions. In recent major developments, Avcorp completed a strategic acquisition by Latecoere S.A. in 2022, a Tier 1 partner to leading global aircraft manufacturers. This acquisition significantly strengthens Latecoere's aerostructures business by adding access to key aircraft platforms such as the Boeing 737 Max and Lockheed Martin F-35, expanding its product portfolio to include wing sub-assemblies and large-scale composite part production capabilities. This transaction aligns with Latecoere’s 2025 growth roadmap aimed at consolidating the aerospace industry and enhancing its presence in North America, while increasing exposure to the defense sector where revenues have grown substantially. The acquisition also integrates Avcorp’s aerospace aerostructure assembly expertise with Latecoere’s global footprint and engineering capabilities, positioning the combined entity for sustainable and profitable growth. Avcorp operates under the umbrella of Latecoere Aerostructures Canada, continuing its manufacturing operations in Delta, BC, and maintains a workforce of approximately 400 employees. These strategic changes provide Avcorp with a stronger financial position, broader customer base, and improved competitive standing as part of an international aerospace group, further supporting its offerings in commercial and defense aerospace markets.