GlobeNewswire2 months ago
Northstar Electronics, Inc. (NEIK) proceeds with its expansion from being an aerospace contract manufacturer to becoming an “Original Equipment Manufacturer” (OEM) with its own products. NEIK made significant headway in the purchase of the worldwide rights to a single engine “Turbo Prop” airplane from a major overseas aerospace company. NEIK foresees a large market for the two variants of the airplane, one for “Agriculture Crop Spraying,” the other for “Rapid Response Forest Fire Fighting.” Management also plans to expand into “Cloud Seeding,” a rapidly growing business. While the negotiations continue, management plans to secure pre-sales of the airplane, specifically in areas where a former version of the airplane was highly regarded.