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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: Paul Lee who wrote ()1/26/1999 7:07:00 AM
From: Paul Lee   of 191
 
Signal Technology Keltec Division Awarded $2.2 Million Power-Supply Contracts

DANVERS, Mass.--(BUSINESS WIRE)--Jan. 26, 1999--Signal Technology Corp. (AMEX:STZ) Tuesday announced that it has received two contracts totaling $2.2 million to manufacture power supplies for radar warning and jamming systems.

Option quantities expected to be exercised in 60 days could bring the value of the contracts to more than $3 million. Signal Technology's Keltec Division in Ft. Walton Beach, Fla., will manufacture and test these power supplies in 1999.

"This win underscores Keltec's long-term focus on becoming a leader in the airborne, high-volume power supply business segment," said Keltec Division President John Cotumaccio.

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, visit the company's Web site at www.sigtech.com. Information about Keltec's products can be found at www.keltec.sigtech.com/spfcs.
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