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	6/27/2001 9:50:05 AM
From: Paul Lee	of 191

Signal Technology Keltec Division Awarded $900,000 PAC-3 Contract DANVERS, Mass.--(BUSINESS WIRE)--June 27, 2001--Signal Technology Corporation ("Signal") (Nasdaq: STCO), a leading provider of electronics 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 funded for low rate initial production (LRIP II) of Patriot Advanced Capability (PAC-3) Missile power supplies from Lockheed Martin. The PAC-3 is a high-velocity, hit-to-kill missile and is the next generation Patriot missile being developed to provide increased capability against advanced theater ballistic missile, cruise missile and hostile aircraft. Signal Technology's Keltec Division will be responsible for the low-rate initial production of these power supplies. Long-term follow-on will be funded on an annual basis. "This award re-enforces Keltec's focus and long-range plans to become the leader in the military power supply and amplifier market. This contract affirms the success of the continuous improvement process at Keltec," said John Cotumaccio, President, Keltec Division.

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