BRS Reaches Agreement With a Second Aircraft Builder, OMF, to Equip Planes With Parachutes
Wednesday August 27, 9:01 am ET
SOUTH ST. PAUL, Minn., Aug. 27 /PRNewswire-FirstCall/ – Ballistic Recovery Systems, Inc. (OTC Bulletin Board: BRSI - News) announced that it has reached an agreement in principle with OMF Aircraft (OMF) in which OMF would become the second general aviation aircraft manufacturer, after Cirrus Design Corporation of Duluth, Minnesota, to offer Ballistic Recovery System’s whole- aircraft emergency parachute system as a factory-installed feature.
Upon negotiation and execution of formal documentation between OMF and BRS, the Company’s parachute system will be an optional feature on OMF’s currently certified 2-place aircraft and will be installed as standard equipment on OMF’s 4-place aircraft currently under development.
BRS will pursue the Supplemental Type Certificate or STC on the 2-place aircraft and expects to complete that project and be ready for first customer deliveries as early as December 2003. BRS understands that certification of the 4-place model including the BRS parachute system as a standard equipment feature is expected by OMF near the end of calendar year 2004, or early 2005. OMF is concurrently developing a diesel version of their 2-place aircraft and will offer a BRS parachute system as an option on that model as well.