To All Wescam Followers:
Wescam Announces $10 Million Contracts
14:11 EST Monday, February 8, 1999
Canadian Corporate News
FLAMBOROUGH, ONTARIO--Wescam Inc. announced today that it has been awarded four contracts totaling $10 million.
The largest contract is valued at approximately $5 million and is a follow on order from May 1998 for an international government agency. Wescam is providing a number of full turnkey camera and microwave communications systems, including two WESCAM(TM) 24 and two WESCAM(TM) 16 dual sensor camera systems, aircraft installation and integration.
The second contract comprises two WESCAM(TM) 20 stabilized camera systems for an international defence department. This is a follow on order from the customer's prime contractor who ordered WESCAM(TM) 20s in 1998.
The remaining two contracts are to provide a number of Asian self defence forces and police agencies with WESCAM(TM) 24 and WESCAM(TM) 16 airborne camera systems plus microwave communications units.
"These contracts represent two of our key market areas: government/surveillance and airborne law enforcement." said Mark Chamberlain, Wescam's President and Chief Executive Officer. "Wescam continues to increase sales of full turnkey camera and microwave video transmission systems, providing the customer with a complete system solution. These contracts also represent a cross section of Wescam's product offering."
Wescam is a world leader in the design and manufacture of camera and microwave communications systems, mounted on a variety of moving platforms where capture and communication of a stable picture is essential. These platforms range from NASCAR motor vehicles, tracks, boats and cranes to aircraft, helicopters, airships and the Space Shuttle. Wescam products provide images and real time information for a broad range of government surveillance and commercial market segments around the globe. Wescam is traded on The Toronto Stock Exchange under the symbol "WSC".
© Canadian Corporate News - 1998
|
