Cirrus Acquires Stake in BRS

Edited By Paul Richfield October 01, 1999
Cirrus Design has agreed to acquire warrants for up to 19.3 percent of Ballistic Recovery Systems (BRS), which makes the parachute system installed on the new Cirrus SR-20 aircraft. To receive the warrants, Cirrus must buy 1,150 BRS parachute systems over the next five years, business worth around...

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