Avcorp Wins $24.7M Judgment Against Cessna

Vancouver-based Avcorp won a $24.7 million award yesterday from Cessna Aircraft due to damages suffered as a result of the Wichita aircraft manufacturer’s transitioning contracted production work from Avcorp. The two parties could not come to terms in mediation and negotiations after the December 2010 announcement about the transition of Avcorp’s production work to Cessna, so the matter was referred to binding arbitration. The arbitrator ruled in favor of Avcorp and all counterclaims from Cessna were denied.