Adam Aircraft Announces Rollout of A700 AdamJet Serial Number 002
MicroLightJets.com News
Orlando, FL-November 8, 2005—— During the 58th Annual National Business Aviation Association Meeting
& Convention, Adam Aircraft announced the latest updates to its Very Light
Jet (VLJ) program with the rollout of A700 AdamJet Serial Number 002. This
conforming aircraft, made from production tooling by the same manufacturing
and engineering team that built the A500, is scheduled for first flight
prior to year-end.
"The A700 is a derivative airframe of our certified A500 aircraft, and is
powered by the Williams FJ-33 engines, which have also been certified," said
Joe Walker, President and COO of Adam Aircraft. "We will take advantage of
the parts, processes, people, and FAA approvals that are already in place
for the A500. We will use 65% of the A500 parts, and, since the A700 will be
built on the A500 production line, we will take advantage of the A500
manufacturing learning curve. Additionally, we will use 90% of the same
suppliers for the two aircraft. These benefits will provide for a smooth
entry into service for the A700 in late 2006."
A700 Upgrades
"All of the advantages made to date to the A700 Serial Number 001, which
is on display during the NBAA Convention, have been incorporated into A700
Serial Number 002," stated Walker. "Since last year’s Convention, numerous
upgrades have been made to the aircraft including the Avidyne PFDs & MFDs,
fuel belly pod, autopilot, pressurization, expanded nose configuration, and
gear doors."
Aircraft Backlogs
Adam Aircraft also reported today that it has a total of 282 A700
aircraft orders and 80 A500 orders for a total backlog of $731 million. This
is almost triple the backlog size compared to a year ago. "We continue to be
gratified by the market acceptance of both the A700 and A500. Our next
available positions are first quarter 2007 for the A500 and first quarter
2008 for the A700," stated Walker.
Adam Aircraft is a designer and manufacturer of advanced aircraft for
civil and government markets. The company uses computer-aided design, rapid
prototyping, advanced manufacturing techniques, and carbon composite
materials to produce high-performance aircraft at attractive prices. The
A500 twin-engine piston aircraft has been Type Certified by the FAA, and the
A700 Very Light Jet is currently undergoing flight test and development. The
company’s largest outside investor is Goldman Sachs. Adam Aircraft
headquarters are based on Centennial Airport (APA) in Englewood, Colorado
with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn
more about the company, visit
www.adamaircraft.com.
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