one down 25 to go to make this a real company
Signal Technology Keltec Division Awarded $1.5 Million F-18 Contract
DANVERS, Mass.--(BUSINESS WIRE)--Jan. 5, 1999--Signal Technology Corp. (AMEX: STZ) Tuesday announced that it has received a $1.5 million follow-on contract to manufacture multi-output, low-voltage power supplies for F-18 aircraft.
Long-term projections for the program exceed $5 million over the next five years. Signal Technology's Keltec Division in Ft. Walton Beach, Fla., will continue to perform the manufacturing and testing of these power supplies.
"We are encouraged by the contracts our division has won over the past few months, which we believe indicates the positive effect of the operational and financial changes we have implemented," said Keltec Division President John Cotumaccio.
Commented George Lombard, Signal Technology's Chairman and Chief Executive Officer, "Contracts such as this one will help sustain Keltec's turnaround in 1999."
Signal Technology designs and produces sophisticated, state-of-the-art electronic components and systems for a variety of defense, space and communication applications, including communications networks, satellite communications, electronic countermeasures, intelligence and guidance systems.
For further information about Signal Technology, please visit the Company's Web site at sigtech.com. Information about Keltec's products can be found at keltec.sigtech.com. |
