Cirrus chute maker diversifying into military applications

03/23/2009 | American City Business Journals

Ballistic Recovery Systems, the maker of full-plane parachutes for Cirrus aircraft, is flourishing despite the aviation downturn. Though Cirrus accounted for about 80% of the BRS's revenue last year, in recent months the company has won two major parachute contracts from the U.S. military, culminating a five-year diversification effort. "We looked at the industry and said there are good times and bad times and we wanted to find other products in other markets that we could make," says CEO Larry Williams.

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