Firan Technology Group announces long term agreement with Rockwell Collins

Firan Technology Group Corporation (TSX:FTG) announced today that it has been awarded a new multi-year Enterprise Sourcing Agreement from Rockwell Collins for the supply of Printed Wiring Boards. The agreement incorporates a variety of technologies for use on major airframe platforms across Business Regional, Air Transport and Government Systems market applications.

The new forty-two month (three and a half year) contract is a multimillion dollar award. The award represents an estimated 15% revenue increase over the previous contract. FTG was successful in maintaining all legacy programs while capturing new scope across a number of programs.

A large portion of the new business award has been attributed to FTG's ability to offer global solutions. Rockwell Collins selected FTG's global manufacturing solutions following in-depth audits and technology qualification.

“FTG appreciates the trust Rockwell Collins has in our ability to deliver quality product and adapt to the ever changing technologies and economic conditions,” stated Ian Maknyik, Director of Business Development. “We look forward to sharing future success with Rockwell Collins and growth opportunities for years to come.”