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 ()	6/14/1999 7:03:00 AM
From: Paul Lee	of 191

Signal Technology California Division Awarded $1.7 Million Raytheon Systems Contract DANVERS, Mass.--(BUSINESS WIRE)--June 14, 1999--Signal Technology Corp. (AMEX:STZ) Monday announced that it has received contracts totaling $1.7 million from Raytheon Systems Co. to develop and manufacture frequency multipliers for the Patriot missile. The contracts contain options, exercisable next month, for additional work valued at $760,000. Signal Technology's California Division in Sunnyvale will complete the product design, development and qualification testing for the contracts in 1999. "These contracts are an important competitive win for Signal Technology. They support our strategy of focusing on our core competence in component technologies to win more work in the complex subassembly arena," said Robert Schlaefli, president of Signal Technology's California operation.

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