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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 ()	5/24/1999 7:18:00 AM
From: Paul Lee	of 191

Signal Technology Keltec Division Awarded $6 Million Wind Corrected Munitions Dispenser Contract DANVERS, Mass.--(BUSINESS WIRE)--May 24, 1999--Signal Technology Corporation (AMEX:STZ) today announced that its Keltec Division has been awarded a development contract with follow-on production of power supplies for the Wind Corrected Munitions Dispenser (WCMD) program from a major U.S. contractor. The WCMD is an all-weather weapon that can carry a wide range of submunitions. The contract and production follow-on is valued in excess of $6 million, and it is expected that this technology will migrate to other all-weather munitions applications, which could led to additional orders. "This represents a strategic win for Keltec because the award was based not on price but on technology and capability. We are now firmly positioned in the high-volume power supply segment of the military market," said John Cotumaccio, president of Signal Technology's Keltec Division.

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