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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Mar 7 3:00 PM EST

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To: Paul Lee who started this subject	2/5/2001 9:07:50 AM
From: Paul Lee	of 191

Signal Technology Keltec Division Awarded $2.2 Million Development Program DANVERS, Mass.--(BUSINESS WIRE)--Feb. 5, 2001--Signal Technology Corporation ("Signal") (Nasdaq: STCO), a leading provider of electronic products for wireless communications, and power management products, in the commercial, defense and space markets, today announced that its Keltec Division in Fort Walton Beach, Florida has been awarded a $2.2 million dollar contract from Israeli Aircraft Industries, to develop and manufacture an airborne high density Ku Band Communications Transmitter. Development of this high power transmitter is slated for the F-15, F-16, and other fighter aircraft platforms. Follow on potential orders for this new product should exceed $5.0 million. "Signal Technology-Keltec was selected because if its extensive satellite communications and high power conversion capability. This marks another step in our plan to move STC Keltec onto new platforms while offering our customers a higher level of integrated equipment," said John Cotumaccio, Keltec president.

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