buks20220406_8k.htm
false 0000015847 0000015847 2022-04-06 2022-04-06
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
 
Date of report (Date of earliest event reported) April 6, 2022
 
BUTLER NATIONAL CORPORATION
(Exact Name of Registrant as Specified in its Charter)
 
Kansas
(State or Other Jurisdiction of Incorporation)
 
 
0-1678
(Commission File Number)
 
41-0834293
(IRS Employer Identification No.)
 
 
19920 W. 161st Street, Olathe, Kansas
(Address of Principal Executive Offices)
 
66062
(Zip Code)
 
 
 
913-780-9595
(Registrant's Telephone Number, Including Area Code)
 
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
None
None
None
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).  Emerging growth company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐
 
 
Item 8.01
Other Events.
On April 6, 2022, Butler National Corporation (OTCQB: BUKS) announces that its subsidiary Avcon Industries, Inc., a leading provider of ISR (intelligence, surveillance, and reconnaissance) and special mission solutions for aircraft received Federal Aviation Administration (FAA) Supplemental Type Certificate (STC) approval for the installation of wing-mounted hard points with the carriage provisions for external stores on the Learjet Model 60 airplane.
Item 9.01
Financial Statements and Exhibits.
 
Exhibit 99
Exhibit 104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 
 

 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
BUTLER NATIONAL CORPORATION
(Registrant)
 
April 6, 2022
Date
/S/ Clark D. Stewart
Clark D. Stewart
(President and Chief Executive Officer)
 
April 6, 2022
Date
/S/ Tad M. McMahon
Tad M. McMahon
(Chief Financial Officer)
 
 

Exhibit 99

 

PRESS RELEASE
FOR IMMEDIATE RELEASE

April 6, 2022

 

Avcon ISR Receives FAA Approval for Lear 60 Underwing Sensors, Pods and Target Reeling Machine

 

OLATHE, KANSAS, April 6, 2022, - Butler National Corporation (OTCQB: BUKS) announces that its subsidiary Avcon Industries, Inc, a leading provider of ISR and special mission solutions for aircraft, has received Federal Aviation Administration (FAA) Supplemental Type Certificate (STC) approval for the installation of wing-mounted hard points with the carriage provisions for external stores on the Learjet Model 60 airplane.

 

FAA STC ST01984WI approves the installation of the Avcon ISR Solutions Learjet 60 underwing stores carriage provisions and underwing stores.  The previously-approved Avcon Hard Points have a payload capacity of up to 1000 pounds underneath each wing.  The comprehensive flight test program demonstrated underwing loads that would include the MTR-101 Reeling Machines (Tow Targets) and Special Mission Pods.  The large Lear 60 stand-up cabin provides room for up to four Special Mission consoles. The consoles may be used to control a large variety of Special Mission pods for the more complex missions needed in todays and future markets. The new aircraft capability has created significant interest from our existing customers.  The Lear 60 is an extremely capable special missions aircraft, complimentary to the already widely used and successful Lear 35/36 airplanes.

 

Management Comments

 

Christian Vila, Avcon International Sales Director said, “The Avcon Learjet 60 with the FAA-approved underwing stores approval establishes a robust new Special Mission jet platform, particularly for towing targets and carrying a larger range of NATO stores.”  Mr. Vila added: “With the aging Learjet 30 series target towing airplanes, the Avcon modified Learjet 60 will provide a special missions aircraft platform for the future that creates a new level of performance, maneuverability and technology while keeping the workhorse design. Avcon also appreciates the cooperation of its customer, Air Affairs Australia, in facilitating the project over an 18-month period.  Chris Sievers, CEO of Air Affairs Australia, added, “We’re committed to implementing hard points on the Learjet 60 to address a need in the future market and have purchased two additional Learjet 60 aircraft to modify, in order to meet our current and new customer’s needs. The payloads include the MTR-101 Reeling Machine and a large range of special mission pods, many of which Air Affairs Australia is the OEM.”  Mr. Sievers added, “I look forward to deploying our Learjet 60 aircraft with Avcon provisions for stores/hard points to provide special mission services in Australia and around the world.”

 

Our Business:
Avcon Industries, Inc. is a wholly owned subsidiary of Butler National Corporation. Avcon focuses on the manufacturing and certification of aviation-related products, including special mission solutions, intelligence surveillance and reconnaissance solutions, systems integration, avionics offerings and regulatory compliance solutions.

 

Butler National operates in the Aerospace and Management Services business segments. In addition to the Avcon capabilities, the Aerospace segment also provides controls for weapons systems. Services include temporary employee services, gaming services and administrative management services. 

 

Forward-Looking Information:

Statements made in this report, other reports and proxy statements filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in Item 1A of the Company’s Annual Report on Form 10-K, incorporated herein by reference. Risk Factors and elsewhere herein or in other reports filed with the SEC. Other unforeseen factors not identified herein could also have such an effect. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial condition or business over time.

 

FOR MORE INFORMATION, CONTACT:

 

Aric Peters, Director of Sales and Marketing

Ph (913) 780-9595

 

 

THE WORLDWIDE WEB:
Please review www.avconindustries.com for pictures of our products and details about Avcon Industries, Inc. Please review www.butlernational.com for information about Butler National Corporation and its subsidiaries.