Last C$1.83 CAD
Change Today -0.04 / -2.14%
Volume 36.6K
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As of 3:54 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

firan technology group corp (FTG) Snapshot

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02/23/15 - C$2.25
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06/27/14 - C$0.48
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firan technology group corp (FTG) Details

Firan Technology Group Corporation, together with its subsidiaries, supplies aerospace and defense electronic products and subsystems in Canada, the United States, Asia, Europe, and internationally. It operates in two segments, Circuits and Aerospace. The Circuits segment manufactures printed circuit boards for the telecom, medical, avionics, military, and advanced test markets. The Aerospace segment designs and manufactures illuminated cockpit panels, keyboards, bezels, caution warning annunciators, subassemblies, and assemblies for original equipment manufacturers of avionics products, as well as for airframe manufacturers. These products are interactive devices that display information, and contain buttons and switches that are used to input signals into an avionics box or aircraft. It also provides engineering services associated with the design and development of electronic equipment. The company was formerly known as Circuit World Corporation and changed its name to Firan Technology Group Corporation in May 2004. Firan Technology Group Corporation was founded in 1983 and is headquartered in Toronto, Canada.

421 Employees
Last Reported Date: 02/2/15
Founded in 1983

firan technology group corp (FTG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$338.2K
Chief Financial Officer, Vice President and S...
Total Annual Compensation: C$223.6K
President of FTG Circuits - Chatsworth and Pr...
Total Annual Compensation: $187.2K
Vice President of Business Development
Total Annual Compensation: C$169.0K
Vice President and General Manager of FTG Aer...
Total Annual Compensation: C$160.1K
Compensation as of Fiscal Year 2013.

firan technology group corp (FTG) Key Developments

Firan Technology Group Corporation Wins Multi-Year Enterprise Sourcing Agreement from Rockwell Collins

Firan Technology Group Corporation announced that it has been awarded a new multi-year Enterprise Sourcing Agreement from Rockwell Collins for the supply of Printed Wiring Boards. The agreement incorporates a variety of technologies for use on major airframe platforms across Business Regional, Air Transport and Government Systems market applications. The new forty-two month (three and a half year) contract is a multimillion dollar award. The award represents an estimated 15% revenue increase over the previous contract.

Firan Technology Group Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended November 30, 2014

Firan Technology Group Corporation reported earnings results for the fourth quarter and full year ended November 30, 2014. For the quarter, the company reported sales of $16,490,000 compared to $15,426,000 a year ago. Net earnings before tax were $1,261,000 compared to net loss before tax of $794,000 a year ago. Net earnings after tax were $1,189,000 or $0.06 per basic and diluted share compared to $197,000 or $0.01 per basic and diluted share a year ago. The increase was due to higher revenues, higher margins, lower restructuring costs and foreign exchange gains. Operating earnings were $2,324,000 compared to $238,000 a year ago. For the year, the company reported sales of $60,699,000 compared to $55,998,000 a year ago. Net earnings before tax were $2,446,000 compared to net loss before tax of $1,979,000 a year ago. Net earnings after tax were $2,193,000 or $0.11 per basic and diluted share compared to net loss after tax of $998,000 or $0.06 per basic and diluted share a year ago. Operating earnings were $5,805,000 compared to $787,000 a year ago. FTG Circuits, and the new facilities, drove the growth in sales for the full year. Earnings before interest, tax, depreciation and amortization (EBITDA) were $4.7 million an increase of $3.4 million from 2013. Net cash inflow from operating activities was $3,390,000 compared to net cash outflow from operating activities of $33,000 a year ago. Additions to plant and equipment were $1,678,000 compared to $1,711,000 a year ago.

Firan Technology Group Corporation Announces A Supply Contract with Shanghai Avionics Corporation for Various Display Suite Control Panel Assemblies Used on the C919 Aircraft

Firan Technology Group Corporation announced that they have signed a supply contract with SAVIC for the design, development, certification support and long-term production of various Control Panel Assemblies for the Display System on the new COMAC C919 aircraft. This contract replaces the Letter-of-Intent between FTG and SAVIC first announced in 2012. Under the terms of the contract, FTG will design, develop, manufacture and supply the Display Suite control panel assemblies. The design, development and initial manufacturing will be completed at FTG Aerospace - Toronto. SAVIC and FTG have agreed to share the cost of the design and development of the control panel products. The control panel assemblies incorporate advanced electronics and software that are integral to the overall Display Suite to be provided by SAVIC for the C919 aircraft. Volume manufacturing will be performed at FTG's facility in Tianjin, China. The contract covers a minimum of 1,440 production ship sets consisting of 9 control panel assemblies per set. The COMAC C919 program is gearing up as various design reviews are completed, ground test hardware is delivered and the first aircraft is being assembled, all leading to the first flight of the aircraft.


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