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Non-Tech : American Pacific (APFC)-Specialty Chemicals
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To: leigh aulper who wrote ()3/23/2000 6:25:00 AM
From: leigh aulper   of 326
 
anybody here
American Pacific Corporation Announces Ammonium Perchlorate Change Order
LAS VEGAS, March 22 /PRNewswire/ -- American Pacific Corporation (Nasdaq: APFC - news) announced that is has received notification from Thiokol Propulsion (a division of Cordant Technologies, Inc.) of a change in the current purchase order for ammonium perchlorate (AP) which will result in a decrease of approximately 3.23 million pounds (from 10.48 million pounds) and a consequent estimated reduction in revenues of approximately $4.0 million in the current fiscal year ending September 30, 2000. Under the change order, the Company will be required to make a claim for price adjustment within 30 days. Subject to the outcome of the price adjustment claim process, the purchase order modification may have a material adverse effect on the Company's fiscal year 2000 operating results.

The primary business of American Pacific Corporation is the manufacture of specialty chemicals. The Company is the sole producer in North America of ammonium perchlorate, or AP, which is the principal chemical component of solid propellants used in rocket and booster motors by NASA, the military and a growing number of commercial launch vehicles. American Pacific manufactures Halotron(TM), which replaces Halon as a fire suppressant in applications ranging from fire extinguishers to airport firefighting vehicles. The Company manufactures these chemicals in facilities in Utah, where it also makes sodium azide, a primary chemical component of certain automotive airbag systems. Its other lines of business include the production of environmental protection equipment, and the development of real estate near Las Vegas, Nevada.
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