Cade Industries Receives $3.5 Million Order From Pratt & Whitney To Design and Manufacture Test Equipment for New Jet Engine
OKEMOS, Mich., Sept. 16 /PRNewswire/ -- Cade Industries, Inc. (Nasdaq: CADE), a leading supplier of products and services to the aerospace and air transport industries, announced today that it has been awarded a contract to design and manufacture jet engine test equipment for the recently announced Pratt & Whitney 6000 engine program. The PW 6000 turbofan has been selected as the initial engine to power the 100-passenger Airbus 318. The contract is valued at approximately $3.5 million, with deliveries scheduled to begin in the second half of 1999.
Cade President, Richard Lund, commented, "The company is pleased to have received this contract to provide Pratt & Whitney's division of United Technologies Corporation, East Hartford, CT with our proven expertise in jet engine test equipment design. This engine program is one of several new engine programs that we expect to be involved in over the next several years that should provide ongoing strength to our ground test equipment divisions."
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