Avcorp Industries Inc. announced Thursday that it has ceased any and all litigation against Bombardier Inc. which was commenced in 2010 by the company in the Superior Court of Quebec, in connection with the termination by Bombardier of production work relating to the CRJ700 aircraft program.
Avcorp was seeking more then $18 million in compensation for costs in connection with a contract for Bombardier's CRJ700 program that was cancelled. Bombardier terminated the contract with Avcorp in 2007. The company currently produces components for the Bombardier Challenger 605 and Challenger 850 business jets as well as composite floorboards for the CRJ, Q400, and Learjet programs.
Avcorp and Bombardier agreed that each would be responsible for their respective costs concerning the CRJ700 contract.
Avcorp is actively pursuing participation in Bombardier's supply chain for several of Bombardier's programs. “The company looks forward to continuing its valued relationship as a supplier to Bombardier, the leading Canadian aerospace manufacturer,” Avcorp said in a company statement.
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