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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 ()3/30/1999 6:52:00 AM
From: Paul Lee   of 191
 
Signal Technology California Operation Awarded Four-Year, $6.4 Million Contract From Lockheed Martin and more

DANVERS, Mass.--(BUSINESS WIRE)--March 30, 1999--Signal Technology Corp. (AMEX:STZ) Tuesday announced that it has been awarded a $6.4 million contract to manufacture frequency converters and voltage-controlled oscillators for Lockheed Martin Federal Systems.

The products will be used on Lockheed Martin's APR-48A Radar Frequency Interferometer System and will provide frequency generation and conversion for passive threat detection. Signal Technology's California Operation will perform the work over the next four years.

"This contract supports our strategy to supply technically advanced components and subsystems for today's defense systems," said Robert Schlaefli, president of Signal Technology's California Operation. "With scheduled deliveries stretching into 2003, this award provides an excellent manufacturing base from which to further build our business."

also
Signal Technology Arizona Space Center Delivers HESSI Spacecraft Power Converters

DANVERS, Mass.--(BUSINESS WIRE)--March 30, 1999--Signal Technology Corp. (AMEX:STZ) Tuesday announced that its Arizona Space Center has successfully completed the design and delivery of flight units for High Energy Solar Spectroscopic Imager (HESSI), selected for the next primary mission in NASA's Small Explorer series of space science missions.

Commented Gene L. Joles, president of Signal Technology's Arizona Space Center: "We are excited about our participation with Spectrum Astro on the HESSI program. Spectrum Astro will integrate our converters into the spacecraft bus, which they are developing for the University of California at Berkeley and NASA's Small Explorer Program.

"We appreciate the opportunity Spectrum Astro's team and their president, Dave Thompson, has given Signal Technology Arizona Operation & Space Center to participate in this project, and we look forward to supporting Spectrum Astro on other space assignments."

The HESSI mission will use a sun-pointed spin-stabilized spacecraft to investigate the physics of particle acceleration and energy release in solar flares, observing X-ray and gamma ray emissions with an unprecedented combination of high-resolution imaging and spectroscopy.

UC Berkeley, the prime contractor, is developing the HESSI payload as well as providing the lead for the science investigation team, which will include scientists from the United States, Switzerland, France, Japan, the United Kingdom and the Netherlands.

Spectrum Astro is performing the design and development of the spacecraft bus and will work with UC Berkeley to integrate and test the HESSI payload. HESSI is scheduled to launch aboard a SELVS II rocket in July 2000 during an anticipated period of high solar activity.

Signal Technology's Arizona Operation & Space Center has designed and manufactured DC-to-DC power converters, power control and conversion assemblies, and microwave frequency sources and subassemblies for programs such as IRIDIUM, Milstar II, NEAR, MSX, GPS IIF, SPACE STATION FREEDOM, SBIRS Low, TEMPO, MABUHYSAT and other commercial and military satellites.
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