Noblesse: you were right
Simula Receives $30.4 Million in New Firm Orders During The First Quarter
PHOENIX, April 2 /PRNewswire/ -- Simula, Inc. (NYSE: SMU) announced today that during the first quarter it received approximately $30.4 million in new firm orders for a variety of the company's products in each of Simula's three business segments; Commercial Transportation Seating, Automotive Safety Systems and Government and Defense. In addition, approximately $7.3 million in previously announced options were exercised into firm orders during the quarter.
New firm orders and exercised options in the Commercial Transportation Seating segment totaled approximately $22.4 million for Simula's AI-1000 (coach class) and AI-2000 (business class) commercial airliner seating systems, rail and mass transit seating and soft goods for both airline and rail. Orders received this quarter in the Automotive Safety Systems segment totaled approximately $7.8 million for continued production of Simula's ITS(R) automotive side impact head protection product. New firm orders received in the Government and Defense business segment this quarter totaled approximately $7.5 million for a wide variety of products.
"Simula is pleased that the orders received and the options exercised this quarter are at a level consistent with our business plan and support the maintenance of our strong order backlog. These orders indicate continued demand for our products across the breadth of the markets we serve," commented Don Townsend, president of Simula, Inc.
Simula, Inc., based in Phoenix, Arizona, USA, is an acknowledged world leader in transportation safety and energy absorption technology. Its principal product lines are protective systems including inflatable restraints, airbags and ballistic armor; high technology energy absorbing aircraft seating systems, and rail and mass transit seating systems. Additional information about the company is located on the Internet at simula.com.
The estimates of contract and purchase option values and production periods constitute forward looking information. Although such estimates are based on reliable information and past experience, operating results are affected by a wide variety of factors, many of which are beyond the control of the company. The factors include the levels of orders which are received and can be shipped in a quarter; whether and when order options are exercised; customer order patterns and seasonality; contract mix and shifting production and delivery schedules; manufacturing capacity and yield; costs of labor, raw materials, supplies and equipment; technological changes; competition and competitive pressures on pricing; and economic conditions in the United States and worldwide.
SOURCE Simula, Inc.
CO: Simula, Inc.
ST: Arizona
IN: CPR
SU: CON |
