Welcome to our dedicated page for Butler Natl news (Ticker: BUKS), a resource for investors and traders seeking the latest updates and insights on Butler Natl stock.
Butler National Corporation (BUKS) delivers specialized aerospace solutions and gaming management services through two distinct operational segments. This news hub provides investors and industry professionals with timely updates on aircraft modification advancements, FAA certification milestones, and gaming facility developments.
Access authoritative updates spanning MRO service expansions, new STC approvals for Learjet and Gulfstream platforms, and strategic initiatives in casino operations. Our curated collection ensures transparent tracking of operational achievements, partnership announcements, and technology deployments across both aerospace and professional services divisions.
All content undergoes rigorous verification to maintain compliance with financial reporting standards. Regular updates include earnings disclosures, leadership updates, and progress reports on long-cycle engineering projects. Bookmark this page for efficient monitoring of BUKS's dual-market positioning and industry-specific developments.
Butler National (OTCQX: BUKS) has appointed retired USAF Lieutenant General Michael Loh to its Board of Directors. Lt. Gen. Loh brings over 40 years of Air Force experience, including his role as Director of the U.S. Air National Guard, where he managed a $14 billion annual budget and oversaw 108,400 personnel. He is a command pilot with extensive flying experience in various aircraft.
This appointment comes as Aric Peters steps down from the Board but continues as VP and Director of Sales. Butler National, a 50-year-old public company, operates in Aerospace Products and Professional Services segments, focusing on aircraft modifications and gaming management services.
Butler National (OTCQX: BUKS) reported record financial results for fiscal year 2024 ended April 30. Key highlights include:
- Revenue increased 4% to $78.4 million
- Net income surged to $12.5 million, up from $4.5 million in FY2023
- Diluted earnings per share rose to $0.18, compared to $0.06 in FY2023
- Aerospace Products revenue grew 7% to $39.7 million
- Professional Services revenue increased 2% to $38.6 million
The company attributed the growth to targeted marketing of new FAA STC approved modifications, special mission products, and sports wagering. Butler National invested $3.1 million in new product development and is focusing on training new talent to enhance production efficiencies.
Butler National's subsidiary, Avcon Industries, obtained FAA Supplemental Type Certificate approval for dual camera ports and a 'Special Mission Pod' on Textron/Cessna Model 208 and 208B Caravans. The modifications allow approximately 80 cubic feet of additional space for sensors, cameras, and radars. The pod and dual camera ports enhance operational capabilities and versatility for special missions. The 'Special Mission Pod' starts at $225,000, while the dual camera port modification starts at $248,000. Avcon aims to expand its special mission modifications to more aircraft models.