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Technology Stocks : Signal Technology (now STCO)- a classic turnaround
STCO 0.00010000.0%Nov 7 9:30 AM EST

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To: battle beast who wrote (16)10/7/1997 10:38:00 AM
From: Paul Lee   of 191
 
this looks good

SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 7, 1997--Signal
Technology Corp. (ASE:STZ) Tuesday announced that it received the
Sea King Mark 7 Radar Transmitter development and production contract
valued at $8.1 million from Racal Radar Defense Systems Ltd. of
Crawley, England.
The contract calls for the development and production of a high
power transmitter for the radar upgrade of the Royal Navy Sea King
Mark 7 AEW (Airborne Early Warning) helicopters. The radar
transmitter will be developed and qualified over the next 36 months
at Signal Technology's Keltec Operation in Fort Walton Beach,
Fla.
"Racal's selection of our Keltec Operation further solidifies our
position as one of the leading suppliers of high voltage power
supplies and radar transmitters in the world," said Dale L.
Peterson, chairman and chief executive officer of Signal Technology.
Chris A. Watson, Sea King AEW Mark 7 program director for Racal
Radar Defense Systems Ltd., commented: "Following competition,
selection of STC Keltec as supplier of the Sea King Mark 7 Radar
Transmitter was based on their solution representing the least
possible risk to the overall program. Influencing factors in the
decision were their mature, available technology; prior experience
in the airborne environment; minimal adaptation to meet the specific
requirements of the Sea King Mark 7 Program, together with senior
management's commitment that Signal Technology offered in support of
their Keltec Operation."
Signal Technology provides innovative solutions through the
design and production of sophisticated, state-of-the-art electronic
components and systems for a wide variety of commercial, aerospace
and defense applications, including communications networks,
satellite communications, electronic countermeasures and intelligence
and guidance systems. For further information about Signal
Technology, visit the company's Web site at sigtech.com .
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