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Technology Stocks : Aeroflex (ARX)

ARX 13.80

+9.4%

Nov 13 3:59 PM EST

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To: Kerry Lee who wrote (219)	9/11/1997 2:17:00 PM
From: Craig Markell	of 586

*** Hughes Electronics wins $1 billion order An Abu Dhabi-based company said it had awarded the U.S.'s Hughes Electronics Corp. a $1 billion deal for a satellite system to extend mobile telecommunications across the Arab world. Yousuf al-Sayed, project manager for the Abu Dhabi-based Thuraya Satellite Telecommunications Co., said the contract with Hughes will be signed on Thursday in Abu Dhabi. He said the contract was "for the manufacture of two satellites, one delivered in orbit and one in ground storage." (Reuters) ------------------------------------------------------ We could see Aeroflex getting a piece of this business. See ARX Business Wire release dated February 11, 1997 titled, "Aeroflex receives $6.2 Million in contract awards from Hughes Electronics". Craig

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