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InvestorNewsBreaks – CubCrafters Inc. Secures Government Contract, Eyes Bright Future for Fleet Sales Program
December 6, 2022

InvestorNewsBreaks – CubCrafters Inc. Secures Government Contract, Eyes Bright Future for Fleet Sales Program

CubCrafters, the leading designer and manufacturer of light-sport, experimental and Part 23 certified backcountry aircraft, has announced that its flagship certified CC19 XCub aircraft was recently selected by the United States Department of Agriculture (“USDA”) for a new government aircraft fleet modernization contract. Since 2003, CubCrafters has supplied the U.S. government with aircraft that have been used by various agencies to complete missions in some of the most remote and extreme flying environments. Manufactured under this most recent contract will be the first certified XCub in fleet service with the U.S. government and will be primarily used for natural resources management. Delivery of the first two aircraft in the multiyear contract is scheduled for the late summer of 2023. “Our long relationship with the U.S. government is a strong testament to our ability to design and manufacture exceptionally rugged utility aircraft for backcountry missions,” said Patrick Horgan, CubCrafters’ president and CEO. “This contract is not only important for us as a supplier for the U.S. government, but also for investors participating in our ongoing public offering. This sale demonstrates that our newest generation of fully certified modern utility aircraft can replace the aging fleet of legacy aircraft now in service. It shows that there is a very bright future for our fleet sales program.”

To view the full press release, visit https://ibn.fm/xhvUK

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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