Sergio [HSR} their current increases in sales and the market they are in, seems to be very appropos to our current world climate.
>Product revenues increased 31% during the fiscal year 2006 to $21,052,000 compared to $16,076,000 in the fiscal year of 2005, and were driven by growth in the use of the Company's products in national defense systems, tactical weapons, and satellites. Through the utilization of an expanded workforce in fiscal year 2006, production activities increased during the year to meet increased customer orders for Hi-Shear's unique electronic and pyrotechnic devices. The Company serviced over sixty-five separate space and defense projects during the year with space applications continuing to be the largest area of product use. Products manufactured for deployment in national missile defense and tactical weapons, both in the United States and abroad, continued to grow and were the largest factor in the increase in revenues.<
Allan |
