Signal Technology (now STCO)- a classic turnaround Message Board

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Technology Stocks : Signal Technology (now STCO)- a classic turnaround

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Nov 7 9:30 AM EST

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To: Paul Lee who wrote ()	6/8/1999 7:03:00 AM
From: Paul Lee	of 191

Signal Technology Operations Awarded $4 Million Motorola Contract DANVERS, Mass.--(BUSINESS WIRE)--June 8, 1999--Signal Technology Corp. (AMEX:STZ) Tuesday announced that it has signed a multi-year production contract with Motorola on the MK-45 Target Detection Device (TDD) Program. The products to be delivered against this contract are multiple RF and Microwave components and frequency sources, which will be used in the fusing system of the Standard Missile (SM-2) Program. Valued at approximately $4 million, the contract was awarded to the Company's Olektron, Ariz. and California Operations. "We are very pleased to have been awarded this contract by Motorola," said Signal's Chairman and Chief Executive Officer, George Lombard. "This award helps solidify our position among the nation's leading subcontractors in the application of RF and Microwave devices for defense systems requirements," commented Lombard.

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