InvestorNewsBreaks – CubCrafters Inc.’s Fleet Modernization Contract with USDA Featured in Recent Articles
Dec 9, 2022
CubCrafters, the leading designer and manufacturer of light-sport, experimental and Part 23 certified backcountry aircraft, was featured in recent articles published by FLYING Magazine and General Aviation News. The publications discuss selection of CubCrafters flagship certified CC19 XCub by the United States Department of Agriculture (“USDA”) Wildlife Services for a new government aircraft fleet modernization contract. “The XCub will be used in place of the USDA’s fleet of 30-plus-year-old legacy Piper PA-18 Super Cubs that are currently in service. The USDA utilizes turbine-powered helicopters and single-engine airplanes in multiple operations, such as the aerial application of herbicides, fertilizer and insecticides, surveying crops and wildlife, feeding fish, the application of seed in remote areas, and for support of wildland fire-fighting services. Airplanes are usually significantly less expensive to operate than helicopters, said Brad Damm, CubCrafters’ vice president of sales and marketing, noting the operational cost of one of their Cubs is about $250 per hour while a turbine-powered helicopter runs approximately $2,500 per hour,” the FLYING article reads. The piece further quotes Damm discussing deliverables under the contract. “The first two aircraft [for the USDA] are in production now and scheduled for delivery in August and September of 2023,” Damm said. “Under the contract, they have fixed price options to purchase additional aircraft in both 2024 and 2025. Our goal here at CubCrafters is to provide them with such a good platform (an aircraft that is more capable, more cost effective, and safer), that they ultimately replace their entire current fleet of around 40 legacy aircraft with the XCub.”
To view the full articles, visit https://ibn.fm/jQGnt and https://ibn.fm/OEi1R
About CubCrafters Inc.
Founded in 1980 by Jim Richmond, CubCrafters’ roots are in the 80+ year history of classic grassroots aviation, but the company’s products and services are innovative and completely modern. CubCrafters designs and manufactures experimental, LSA, and Part 23 certified aircraft. The Carbon Cub family of aircraft redefined expectations for the backcountry flying experience with innovative design, modern materials, powerful engines, and breathtaking performance. The company’s flagship XCub aircraft is offered in both nosewheel and tailwheel configurations, and substantially expands the mission profile of sport utility aircraft with higher speed, longer range and larger payload. The key to CubCrafters’ success is its ability to create unique value in the experience of personal adventure aviation. For more information about the company, visit www.CubCrafters.com.
NOTE TO INVESTORS: The latest news and updates relating to CubCrafters are available in the company’s newsroom at https://ibn.fm/CUB
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