BRS: Time to Fly and Buy
Ballistic Recovery Systems Inc. President Larry E. Williams sees a bright future ahead for his company, and he is encouraging investors to share the vision. Williams told stockholders at a meeting Monday that BRS is profitable now, but not nearly as profitable as it is going to be. Williams predicts that the airplane parachute company will double in value every five years. "Overall the outlook is very bright," he told stockholders. That's certainly so if his prediction stands. During its 25 years in business, BRS has sold nearly 20,000 systems, including 1,900 to Cirrus Design. Williams says the company has been credited with saving 177 people who deployed the chute system.