- AirBoss Defense Group, the defense business of AirBoss of America (TSX:BOS) subsidiary, AirBoss Manufactured Products, secured an up to US$8.1 million gas mask order from the Canadian Department of National Defense
- AirBoss of America develops and manufactures survivability solutions, rubber compounds and finished rubber products for challenging environments
- The industrial stock has given back 1.23 per cent year-over-year and 76.47 per cent since 2020
AirBoss Defense Group, the defense business of AirBoss of America (TSX:BOS) subsidiary, AirBoss Manufactured Products, secured an up to US$8.1 million order from the Canadian Department of National Defense for its Low Burden Masks, a military-grade respirator that has been sold to numerous allied nations since 2017.
The order, issued under a 2018 in-service support contract, is slated for delivery between Q1 2026 and Q1 2027.
The 2018 contract, the first major partnership involving Low Burden Masks, allowed the Canadian Forces to replace legacy C4 gas masks and C7A cannisters, and led to several deals with global military customers.
The news follows a profitable Q3 for the parent company, earning US$4.9 million in free cash flow, up from a US$2.8 million loss year-over-year, complemented by ongoing research initiatives to strengthen long-term competitiveness in the face of tariffs, inflation and US Government instability.
Management commentary
“This order, which represents the continued adoption and use of the LBM by the Canadian DND, reinforces the positive momentum experienced by our defense business over the past year and a half,” Chris Bitsakakis, president and co-chief executive officer of AirBoss of America, said in Monday’s news release. “The LBM was developed to be the world’s most advanced gas mask and has seen strong adoption since its introduction, reflecting our ongoing commitment to delivering protective and survivability solutions that help ensure the safety of our warfighters operating in challenging environments and conditions.”
About AirBoss of America
AirBoss of America develops and manufactures survivability solutions, rubber compounds and finished rubber products for challenging environments. The company’s client base primarily spans the automotive, defense, healthcare and medical sectors.
AirBoss of America stock (TSX:BOS) last traded at C$4. The stock has given back 1.23 per cent year-over-year and 76.47 per cent since 2020.
Join the discussion: Find out what investors are saying about this industrial stock on the AirBoss of America Corp. Bullboard and make sure to explore the rest of Stockhouse’s stock forums and message boards.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein.
For full disclaimer information, please click here.
