BUKS OTC
Credit Risk of going bust: lower than 66% of companies Debt: 9.1% of company value Bonds: none of note held by US funds details ▾
If the stock fell to about $0.05 (down 99.1%), Butler National Corporation would be worth roughly what it owes.
Total debt $32.0M against a stock market value of $320.5M.
Distance to default 7.05 (Merton model): prices to 2026-10-28, balance sheet 2026-07-31, debt counted $16.2M (short-term plus half of long-term), stock volatility 44.4%; Altman Z 6.39. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
New Century, KS 66031
US
Butler National Corporation is a diversified company operating internationally, specializing in a broad spectrum of aerospace activities. Its extensive involvement includes the design, engineering, manufacturing, distribution, installation, repair, and modification of various aerostructures, aircraft components, avionics, accessories, subassemblies, and complete systems. The company's operations are segmented into two key divisions: Aerospace Products and Professional Services. The Aerospace Products segment offers comprehensive aircraft modification services. These encompass transforming business-class aircraft from passenger to freighter configurations, integrating advanced radar systems, adding aerial photography capabilities, implementing intelligence surveillance reconnaissance (ISR) enhancements, and performing stability modifications for aircraft types such as Learjet, Beechcraft, Cessna, and Dassault Falcon, alongside other specialized alterations. Additionally, this segment is responsible for the production, sale, and servicing of electronic upgrades tailored for classic weapon control systems utilized in military aircraft and ground vehicles. It also handles the sales, installation, and maintenance of avionics equipment, including aircraft radio systems and flight controls, and provides troubleshooting and repair for autopilot systems. Under its Professional Services segment, Butler National Corporation oversees the management of the Boot Hill Casino and Resort, a prominent gaming and entertainment complex situated in Dodge City, Kansas, which includes associated dining and recreational facilities. This segment further extends its expertise to provide architectural services, focusing on commercial and industrial building design, along with comprehensive engineering services. Beyond these core segments, the corporation actively purchases, renovates, and resells aircraft, with a particular emphasis on Learjet models. Its wide-ranging clientele includes owners and operators across the entire aviation spectrum, from single-engine and commercial aircraft to regional, business, and military fleets. Established in 1960, Butler National Corporation maintains its headquarters in Olathe, Kansas.
Recent Insider Trades
| Name | Type | Shares | Price | Date |
|---|---|---|---|---|
| Zeff Capital, LP | S-Sale | 34,800 | $4.72 | 2026-10-15 |
| Zeff Capital, LP | S-Sale | 5,000 | $4.80 | 2026-10-14 |
| Zeff Capital, LP | S-Sale | 10,303 | $4.68 | 2026-10-13 |
| Daly Joseph Patrick | P-Purchase | 3,190 | $4.13 | 2026-10-02 |
| Daly Joseph Patrick | P-Purchase | 10,000 | $4.09 | 2026-10-02 |