Allen-Vanguard Corporation and UK subsidiary Allen-Vanguard Ltd. were placed into receivership on September 1, 2026, on application by senior secured lenders Contego AV Funding II, LLC and Contego AV Funding II-A, LLC, after years of declining sales left the defence technology group unable to repay approximately US$80.3 million of secured debt.
The Ottawa-based group provides radio-frequency technology and engineering solutions used by military, public safety and other security agencies. Its principal Electronic Systems business develops electronic countermeasures designed to prevent the detonation of remotely controlled improvised explosive devices. Before a recent round of temporary layoffs, the company employed approximately 40…