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Technology Stocks : Signal Technology (now STCO)- a classic turnaround

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Nov 7 9:30 AM EST

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To: Paul Lee who wrote ()	4/6/1999 7:12:00 AM
From: Paul Lee	of 191

Signal Technology Keltec Division Awarded U.S. Navy Contract DANVERS, Mass.--(BUSINESS WIRE)--April 6, 1999--Signal Technology Corp. (AMEX:STZ) Tuesday announced that its Keltec Division in Fort Walton Beach, Fla., has been awarded a $600,000 contract from the U.S. Navy for shipboard wide-band satellite communication amplifiers. Application is for global wireless communications among the Navy fleet of approximately 200 ships. "I am encouraged by the steady increase in demand for Keltec's power management, transmitter and amplification systems," said John Cotumaccio, president of Signal Technology's Keltec Division. "This new contract marks another important step in Keltec's commitment to further strengthen its position as the contractor of choice to solve tough requirements for the most discerning clients." Added George Lombard, Signal Technology's chairman and chief executive officer, "Keltec's win of this important U.S. Navy requirement is the latest in a string of competitive market successes for the division."

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