BRS Reports Strong Growth In 2003
Ballistic Recovery Systems, of South St. Paul, Minn., said last week it has set a new company record for revenues. Sales totaled $6.5 million in 2003, up 29 percent from the year before. The company attributed the increase to its new general aviation products and to a growth in sales of parachute systems for recreational aircraft (up 36 percent). BRS delivered 466 parachutes to Cirrus Design, and expects to sell even more to the company next year. "We also believe that research and development is an integral part of the growth strategy for BRS and will continue to play an important role in the company's success," said CEO Mark Thomas, in a news release. BRS is proceeding with its fourth NASA contract. The company has delivered over 18,000 parachute systems around the world, including over 1,200 systems for certified aircraft, and says the systems so far have saved 159 lives. The 159th save took place earlier this month, when the pilot of a Hurricane ultralight deployed the chute at 200 feet after an engine failure, landed in trees, and walked away unscathed.