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Butler Natl Corp - BUKS STOCK NEWS

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Company Overview

Butler National Corporation (BUKS) operates primarily in the aerospace and professional services sectors. The company is recognized for its specialized work in aircraft modification, maintenance, repair, and overhaul (MRO), as well as its expertise in managing gaming services. As a diversified enterprise, Butler National has cultivated a reputation for delivering robust aerospace solutions that include obtaining Federal Aviation Administration (FAA) Supplemental Type Certificates (STCs) and engineering modifications that enhance both commercial and special mission aircraft capabilities.

Aerospace Products Segment

The Aerospace Products segment is a core pillar of Butler National’s operations. The company designs, manufactures, and services advanced electronic equipment and modification kits for aircraft. Its operations include the development of systems tailored to improve aircraft functionality through enhanced structural modifications, avionics upgrades, and the integration of sophisticated sensor technology. By investing in the design, testing, and certification of new products, Butler National stays ahead of evolving technology trends in the aerospace industry. The company’s engineering teams work globally to secure FAA approval for modifications that provide increased capacity and improved operational performance on diversified platforms including Learjet, Beechcraft King Air, Cessna Caravan, Gulfstream, and other turbine-powered aircraft. Additionally, the maintenance of two FAA Repair Stations underscores the company’s commitment to quality and regulatory compliance.

Professional Services Segment

In addition to its aerospace endeavors, Butler National stands out in the gaming management arena. Through its Professional Services segment, the company manages gaming facilities encompassing casino operations, dining, and entertainment. This segment leverages a dedicated platform for sports wagering and traditional gaming, supported by a rich blend of technology and operational expertise. Facilities under this segment, such as Boot Hill Casino & Resort, are designed to offer a comprehensive gaming experience that includes a wide array of slot machines, table games, and branded sports wagering interfaces. The innovative approach to gaming management integrates modern digital interaction with traditional entertainment, thereby diversifying revenue streams and enhancing overall business resilience.

Operational Excellence and Strategic Focus

Butler National’s operations are characterized by a strong emphasis on quality, safety, and rigorous engineering. The company continually invests in talent development, operational process optimization, and advanced manufacturing technologies. Initiatives such as internal training programs and process reviews for cost management illustrate its focus on sustaining production efficiency and service quality. Strategic investments in product development—particularly in securing STC approvals—demonstrate the company’s commitment to creating scalable, marketable solutions for both domestic and international clientele.

Competitive Position and Industry Expertise

Embedded in a niche market, Butler National distinguishes itself through its deep industry expertise and capability to address complex modification challenges. The company leverages decades of cumulative experience to offer customized solutions that enhance aircraft performance and extend the lifespan of critical aviation systems. Its dual focus on aerospace modifications and gaming services allows it to maintain a balanced portfolio, ensuring diversified income while reinforcing its market relevance. By integrating innovative design with operational discipline, Butler National continues to serve a broad spectrum of customers from commercial aviation operators to government entities.

Key Highlights

  • Innovative Aerospace Solutions: The company’s investment in FAA STC approvals and advanced modification technologies underscores its leadership in aircraft enhancements.
  • Diversified Business Model: With operations spanning both high-tech MRO services and gaming management, Butler National exhibits a balanced revenue model.
  • Operational Rigor: Emphasis on quality manufacturing, process optimization, and rigorous engineering practices ensures exceptional service delivery.
  • Commitment to Expertise: In-house expertise in aerospace engineering and dynamic gaming management contributes to the company’s robust market presence.

Overall, Butler National Corporation maintains its role as a significant player in the aerospace MRO market while complementing its operations with a strong management presence in professional gaming services. This dual approach not only enhances its capacity to serve specialized needs in the aviation sector but also provides stability through diversified business operations, making it an important enterprise in its competitive landscape.

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Butler National appoints two independent directors and CEO to the Board of Directors, enhancing aviation expertise and shareholder value.
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Butler National Corporation (BUKS) reports a 1% increase in revenue to $19.6 million for the second quarter of fiscal 2024. Net income rose to $4.9 million compared to $2.7 million in the same period last year, resulting in quarterly earnings of seven cents per share.
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Avcon Industries, Inc., a subsidiary of Butler National Corporation, has obtained FAA STC Approval for the Avcon Extended Nose Bay and Aerodynamically Enhanced Super-sized Under-fuselage Mounted Pod for the King Air Model B300. The modifications provide approximately 80 cubic feet of additional space in the fuselage-mounted pod and allow for the installation of sensors, cameras, and radars. The Avcon extended nose can accommodate up to a 20-inch camera or EO/IR sensor. The catalog price for the 'Whale Pod' is $325,000, while the starting price for the King Air nose extension is $425,000.
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Butler National acquires KC Machine to complement aircraft modifications and expand product offerings.
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Butler National Corporation announces Q1 FY2024 financial results with a 12% increase in revenue to $17.2 million and quarterly earnings of one cent per share.
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Butler National Corporation announces a contract to redeem nearly 8% of its outstanding stock and a separation agreement with former CEO Clark D. Stewart and former President of Aerospace Craig D. Stewart. The board of directors will be reduced from seven directors to five.
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Butler National promotes Christopher Reedy to President and CEO, relocates headquarters to enhance operational efficiency.
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Butler National Corporation (OTC-PINK:BUKS) reported a 16% increase in revenue to $20.5 million for Q3 2023, with earnings of three cents per share. The Aerospace Products segment saw a 25% revenue growth, while Professional Services rose by 8%. Despite these increases, net income dropped to $2 million from $2.7 million year-over-year, reflecting a decrease in operating margin from 25% to 17%. Management remains optimistic for the year, citing a strong backlog of $27.1 million and a solid cash position.

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Butler National Corporation (OTCQB: BUKS) has appointed Christopher Reedy as Chief Operating Officer (COO), enhancing its organizational structure. Reedy, who has been with the company for over 20 years, brings extensive experience in the gaming and aircraft modification sectors. His responsibilities will include overseeing the leadership of operating subsidiaries and managing shareholder relations. The Board expressed confidence in Reedy's suitability for the role due to his significant contributions, including supporting operations and regulatory efforts. Butler National continues to be a key player in the gaming industry and aircraft support services.

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FAQ

What is the current stock price of Butler Natl (BUKS)?

The current stock price of Butler Natl (BUKS) is $1.59 as of April 17, 2025.

What is the market cap of Butler Natl (BUKS)?

The market cap of Butler Natl (BUKS) is approximately 119.7M.

What are the main business segments of Butler National Corporation?

Butler National Corporation operates in two primary segments: Aerospace Products and Professional Services. The Aerospace segment focuses on aircraft modifications and MRO services, while the Professional Services segment manages gaming operations including casino and sports wagering facilities.

How does the company generate revenue in its Aerospace Products segment?

Revenue in the Aerospace Products segment is generated through the manufacture, sale, and service of advanced electronic equipment and modification kits, as well as obtaining FAA STC approvals for aircraft modifications and specialized components.

What type of aircraft does Butler National focus on modifying?

Butler National works on a variety of turbine-powered aircraft, including models from Learjet, Beechcraft King Air, Cessna Caravan, and Gulfstream, enhancing them with advanced avionics and structural modifications to support commercial and special mission operations.

What distinguishes Butler National's approach to aircraft modifications?

The company distinguishes itself through rigorous engineering, strategic investment in product development, and the ability to secure FAA certifications. Its focus on integrating advanced sensor technology and innovative design practices ensures enhanced operational performance of modified aircraft.

What services are offered under Butler National's Professional Services segment?

The Professional Services segment provides comprehensive gaming management solutions, including casino operations, sports wagering, and integrated dining and entertainment experiences. This diversification helps balance the company’s revenue streams and expands its market appeal.

How does Butler National maintain its competitive edge in the aerospace industry?

Butler National maintains its competitive edge through continuous investment in advanced technology, thorough employee training programs, and operational efficiencies. Its dual focus on innovation in aircraft modifications and a diversified service portfolio further solidifies its market position.
Butler Natl Corp

OTC:BUKS

BUKS Rankings

BUKS Stock Data

119.66M
39.67M
40.54%
11.09%
Aerospace & Defense
Industrials
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United States
New Century