FTG Corporation Selected for New Aerial Firefighting Aircraft
FTG Corporation, recognized formally as Firan Technology Group Corporation (TSX: FTG), is proud to announce its latest partnership with De Havilland Aircraft of Canada Ltd. This collaboration marks a significant milestone in aviation as FTG will provide advanced cockpit control assemblies for the innovative Canadair 515 (DHC-515) aerial firefighting aircraft.
Partnership with De Havilland Canada
The upcoming deliveries are set to commence soon and will play a vital role in supporting De Havilland Canada's program for producing the DHC-515 aircraft. The cockpit control assemblies, crucial for pilot operations, will be developed, designed, and produced right at FTG’s Aerospace facility situated in Toronto.
Commitment to Quality
Peter Dimopoulos, Vice President of Business Development at FTG, expressed enthusiasm about this partnership. He stated, “We are incredibly proud to be selected by De Havilland Canada for this important program. This contract underscores FTG’s capability to deliver high-quality, Canadian-made components tailored for a Canadian-built aircraft. We are thrilled to contribute to this vital project and support the growth of the aerospace industry in Canada.”
About the DHC-515 Aircraft
The DHC-515 is an advanced amphibious aircraft that has been meticulously designed for aerial firefighting operations. The cockpit control panel assemblies supplied by FTG serve as the essential interface for pilots, enabling them to manage various flight operations effectively. This reinforces FTG’s commitment to enhancing the pilot’s operational experience.
Overview of FTG Corporation
Firan Technology Group Corporation (FTG) is a prominent supplier of aerospace and defense electronics products and subsystems catering to a global clientele. The company operates through two distinct units:
FTG Circuits focuses on producing high technology, high reliability printed circuit boards. Their client base features industry leaders from the aviation, defense, and high technology sectors. FTG Circuits maintains operations in several locations, including Toronto, Ontario, and Chatsworth, California.
FTG Aerospace specializes in the design, certification, manufacturing, and in-service support of illuminated cockpit products and electronic assemblies. Their operations extend across multiple regions, including Toronto and Calgary, as well as international presence in Chatsworth and Tianjin, China.
Stock Market Presence
The Corporation's shares are publicly traded on the Toronto Stock Exchange under the symbol FTG. Additionally, they feature on the OTCQX Exchange, operating under the ticker FTGFF. This market availability continues to facilitate investments in their forward-thinking initiatives in aerospace electronics.
Commitment to the Aerospace Industry
FTG remains at the forefront of meeting the demands of the aerospace industry, particularly in providing innovative components for sophisticated aircraft. Their products not only enhance functionality but also contribute to the advancement of aviation safety and efficiency. This recent collaboration with De Havilland Canada solidifies FTG’s position as a key player in the aerospace sector.
Frequently Asked Questions
What role does FTG play in the DHC-515 aircraft?
FTG is responsible for providing cockpit control assemblies, essential for pilots to manage various flight functions.
When will deliveries of the cockpit assemblies begin?
Deliveries are set to commence soon, aligning with the production schedule of the DHC-515 aircraft.
Where is FTG's Aerospace facility located?
FTG's Aerospace facility is located in Toronto, Ontario.
How does FTG support the aerospace industry?
FTG provides high-quality components and electronic systems that enhance aircraft operations and safety.
What stock exchanges is FTG listed on?
FTG is listed on the Toronto Stock Exchange under the symbol FTG and the OTCQX Exchange under FTGFF.
