Log in to use our free company, program and sector update tracker feature.
 

Front page

ATG press statement

Since suspending the development of the Javelin in late December 2007, the Aviation Technology Board of Directors has continued to engage in negotiations with its strategic partner and various financial institutions. These discussions include developing alternatives to continue operations in the short-term as well as long-term options.

Much of the focus over the last several weeks has been in renegotiating both credit and teaming agreements. We are pleased to report that this task has been accomplished.

The efforts of the Board are now focused on negotiations with interested parties pursuing a possible sale or a majority buyout of ATG.

Multiple teams are pursuing a list of potential buyers. Though subject to change, the general plan in this regard is to ask for best and final offer bids from prospective buyers to reach ATG within the next few weeks. At that point the board will review all bids and negotiate with interested parties.

Press release issued by on March 4, 2008

 

 Contact details from our directory:

Enhanced listings:


Elbit Systems Cyclone Ltd
Design and production for metal and composite structural aircraft components and parts

Daher-Socata SAS
Aircraft manufacturer and tier one supplier of integrated “Manufacturing & Services” solutions for the Aerospace industry

Avure Technologies
Avure Technologies is a global leading provider of high pressure fluid cell presses and hydroform deep-draw presses for sheet metal forming

CERTON Aerospace
CERTON specializes in safety-critical systems, software, and electronic hardware engineering for the Aerospace industry under ARP-4754, DO-178, DO-254 guidelines

See our advertising tariff.

 

8
data pages remaining in monthly quota for non-subscribers

© Copyright of Stansted News Limited 2014. Terms & Conditions of reading.