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Butler National Corporation reports developments in aerospace products, aircraft modification and gaming management services. Its Aerospace Products segment designs, manufactures, sells and services structural aircraft modifications, electronic equipment integrations, defense-related articles and FAA Repair Station work for Learjet, Textron Beechcraft, King Air and Textron Cessna turboprop aircraft.
Recurring news includes quarterly financial results, FAA, EASA and CAA Supplemental Type Certificate approvals, Avcon and Butler Avionics special-mission aircraft modifications, non-halon fire extinguisher installations, Cessna Caravan camera and sensor ports, stock repurchases and corporate governance guidelines. The Professional Services segment manages the Boot Hill Casino and Resort gaming, dining, entertainment and sportsbook facility in Dodge City, Kansas.
Butler National (OTCQX: BUKS) announced that its subsidiary BHCMC, LLC, which manages Boot Hill Casino & Resort, has executed two agreements that extend its existing sports wagering relationships through 2030.
Boot Hill Casino received a three-year extension of its Lottery Sports Wagering Management Contract with the Kansas Lottery, maintaining the original material terms and continuing management of lottery-owned sports wagering at the property through 2030. In connection with this, Boot Hill Casino and DraftKings agreed to amend and extend their online and mobile sports wagering arrangement for ten years, with updated commercial terms reflecting current market conditions. The DraftKings agreement remains subject to Boot Hill Casino’s continuing management authority under the Kansas Lottery agreement.
Butler National (OTCQX:BUKS) reported fiscal 2026 revenue of about $98.0 million, up 17% year over year. Operating income rose to $28.5 million and net income to $21.9 million, with diluted EPS increasing to $0.34 from $0.19.
Aerospace Products revenue grew 33% to $60.6 million, while Professional Services revenue was $37.4 million. Backlog increased to $47.1 million. Stockholders’ equity reached $81.978 million and long‑term liabilities were $28.445 million. The company repurchased about 3.3 million shares in fiscal 2026.
Butler National (OTCQX: BUKS) launched a newly redesigned corporate website on June 25, 2026, aimed at enhancing investor engagement and transparency.
The site features improved navigation, an expanded investor relations section, detailed segment information, and an email subscription service for press releases, SEC filings, and earnings announcements.
Butler National (OTCQX: BUKS) announced a CEO transition and succession plan effective June 15, 2026. CEO Christopher J. Reedy retired from his role for health reasons but will remain on the Board through his current term and advise during the transition.
The Board appointed CFO Adam Sefchick as Interim CEO while he continues as CFO. Executive Chairman Jeff Yowell will oversee the transition, and the Board, led by Lead Independent Director Joe Daly, will immediately begin a search for the next permanent CEO.
Butler National (OTCQX: BUKS) subsidiary Avcon Industries received two FAA Supplemental Type Certificates for Bombardier Challenger 604, 605, and 650 aircraft.
The STCs cover underside rail mounting provisions for mission sensors (STC ST12213CH) and an underside-mounted radome (STC ST12278CH), expanding Avcon’s special mission platform portfolio.
Avcon Industries (OTCQX: BUKS) received FAA Supplemental Type Certificate No. SA01975WI on March 30, 2026, approving a single camera/sensor port installation for Cessna Model 208 aircraft.
This STC expands Avcon's Caravan special-mission offerings alongside existing approvals for dual camera ports, a lower-fuselage radar pod and a retractable sensor lift; the company plans a 208B single-port option soon.
Butler National Corporation (OTCQX: BUKS) reported Q3 FY2026 results for the quarter ended January 31, 2026. Revenue rose 27% to $26.9M, operating income increased 129% to $9.2M, and net income grew 98% to $6.7M; EPS was $0.10.
The Aerospace Products segment led growth with $17.1M (up 50%). The company repurchased 222,168 shares, invested ~$1.6M in product development, and reported a backlog of approximately $37.0M.
Butler National Corporation (OTCQX: BUKS) reported Q2 FY2026 results for the quarter ended October 31, 2025: revenue $23.25M (up 9% vs prior year), operating income $7.08M (up 46%), net income $5.99M (up 67%) and EPS $0.09 vs $0.05 a year earlier.
Aerospace Products drove results with 20% segment revenue growth to $14.0M, improved margins and STC approvals after ~$1.7M of product development investment. Backlog totaled $46.3M versus $38.1M a year earlier. The company repurchased 687,852 shares in Q2 and invested in new machining equipment; total assets were $128.18M and stockholders' equity $70.21M.
Butler National Corporation (OTCQX: BUKS) announced that EASA and UK CAA issued Supplemental Type Certificates for Avcon's non-halon portable fire extinguisher replacements for Learjet aircraft.
EASA STC No. 10088775 and CAA STC No. 00484 approve Halotron BrX-filled, size-equivalent extinguishers across a full Learjet model list; FAA previously issued STC No. ST12087CH. The approvals enable compliance with EU/Montreal Protocol rules requiring replacement of hand-held halon extinguishers by December 31, 2025. Avcon and Butler plan to stock kits with FAA Form 8130 and associated paperwork for rapid installation.
Butler National - Tempe (OTCQX: BUKS), a subsidiary specializing in Special Mission Electronics, has received the Northrop Grumman Corporation Silver Award for outstanding quarterly performance during April-June 2025.
The recognition comes through Northrop Grumman's Supplier Assessment Management System (SAMS) Scorecard, which evaluates suppliers across multiple categories including management, technical capabilities, schedule adherence, cost management, and quality assurance. Butler National - Tempe's core business involves designing and manufacturing control systems, gun simulators, aircraft fuel tank safety solutions, and ruggedized cabling systems for commercial and defense clients.