Note 14 - COVID-19 Pandemic

9 Months Ended

Nov. 29, 2020

Notes to Financial Statements

Effect of COVID-19 Pandemic [Text Block]

14.

COVID-

19

PANDEMIC

In

December 2019,

a novel strain of coronavirus was reported in Wuhan, China and has since spread worldwide, including to the United States, posing public health risks that have reached pandemic proportions (the “COVID-

19

Pandemic”).

The COVID-

19

Pandemic and resultant global economic crisis had significant impacts on the Company's results of operations and cash flow for the

13

weeks and

39

weeks ended

November 29, 2020.

The COVID-

19

Pandemic and crisis had significant impacts on the markets the Company sells into, particularly the commercial and business aircraft markets. As a result, the Company has experienced a significant reduction in sales and backlog.