Signal Technology Keltec Operation Awarded $6.6 Million Contracts During Third Quarter
DANVERS, Mass.--(BUSINESS WIRE)--Oct. 18, 1999--Signal Technology Corp. (AMEX:STZ) Monday announced that its Keltec Operation in Fort Walton Beach, Fla., has received awards in excess of $6.6 million in new and follow-on production contracts during the third quarter.
Each of these awards has repeat potential for the year 2000, and solidifies Keltec's presence on such platforms as the F-16, F-18, F-14, RAM and Aegis Systems, as well as Navy Satellite Communications.
"These new orders validate Keltec's strong leadership position in our power supply, amplifier and transmitter business segments," said John Cotumaccio, president of Signal Technology's Keltec Operation (STC/Keltec).
Commented George Lombard, Signal Technology Corp.'s chairman and chief executive officer: "Solid bookings such as these underscore Signal Technology's dependability as a leading solutions provider for demanding requirements.
"Keltec has an outstanding reputation for its line of sophisticated power supply systems and transmitters, which are being deployed on such platforms as the Department of Defense's Global Hawk UAV, the U.K.'s Royal Navy Sea King helicopter Cobia radar system, and Tri-Band Tactical Terminal (T-3), a military satellite communications platform mounted on the U.S. Army's Humvee vehicle.
"Our communication systems offer state-of-the-art transmission and reception capabilities with front-line mobility. The reliability and durability required by these types of intelligence and information systems exemplify Signal Technology's core competencies," concluded Lombard.
Signal Technology designs and produces sophisticated, state-of-the-art electronic components and systems for a variety of defense, space and communication applications, including communications networks, satellite communications, electronic countermeasures, intelligence and guidance systems.
For further information about Signal Technology, visit the company's Web site at sigtech.com. Further information on STC/Keltec products can be obtained from keltec.sigtech.com. |
