another little step forward:
Signal Technology Space Center Awarded $778,000 Power-Supply Contract
DANVERS, Mass.--(BUSINESS WIRE)--Jan. 14, 1999--Signal Technology Corp. (AMEX:STZ) Thursday announced that its Arizona Space Center has received a $778,000 follow-on contract award to manufacture multiple-output, high-reliability power supplies for the Combined Interrogator/Transponder for the F-16 Falcon.
Additional follow-on options when exercised could increase the order value to nearly $7 million. The Space Center has manufactured more than 800 of these supplies to date with a performance and delivery rating of better than 98 percent.
Gene L. Joles, president of Signal Technology's Arizona Operation
& Space Center, commented: "Our division has designed and manufactured supplies for programs such as IRIDIUM, Milstar II, NEAR, MSX, GPS IIF, SMTS/SBIRS, TEMPO, MABUHYSAT and numerous other commercial and military satellites.
"I am pleased with the significant programs the Space Center has participated in over the last few years and the recognition our group has received for performance, delivery and quality," Joles added.
Commented George Lombard, Signal Technology's chairman and chief executive officer: "Contracts such as this one and others we have recently won reaffirm our customers' confidence in our ability to meet and exceed performance expectations. I am confident that we can expand our space business at Signal Technology with our strong core customer base." |
