Star Navigation Announces Multi-year Agreement

Star Navigation Systems Group (CSE:SNA) has announced that Lockheed Martin Rotary Mission Systems has extended its relationship with STAR’s Man Machine Division in a multi-year agreement for the repair and maintenance of US Navy TFEL multi-function displays.
As quoted in the press release:

This agreement covers all maintenance work on existing displays used on P3 maritime aircraft directly supported by the OEM until 2020.
This extension results from a very good relationship having been developed between the companies over the past years during which STAR maintained the displays under ad-hoc purchase orders. It also illustrates the ability of STAR to support a major avionics player, with the added benefit of direct Canadian content.
In addition, two other major aerospace companies have shipped similar displays to STAR for repair under specific purchase orders. Star is actively pursuing maintenance, repair and upgrade business with operators and integrators in order to develop this business together with the STAR-A.D.S. ® activities.

Click here to read the full press release.