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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.
On October 20, 2021, Butler National Corporation (OTCQB: BUKS) announced that its subsidiary, Butler National Service Corporation (BNSC), has acquired a minority equity ownership in BHCMC, LLC for approximately $16.4 million. This purchase consolidates BNSC's ownership of BHCMC, which manages the Boot Hill Casino & Resort. The acquisition was funded by company resources and $8.0 million in commercial bank debt. Following approval from the Kansas Racing and Gaming Commission on October 15, 2021, the transaction enhances future growth opportunities for both BHCMC and BNSC.