To: djane who wrote (5577 ) 7/7/1999 5:26:00 PM From: djane Respond to of 29987
AlliedSignal Aerospace Begins Shipments of Airsat 1 Iridium Satellite Communications Systems. Airborne System Provides Uninterrupted Worldwide Communications Wednesday July 7, 9:00 am Eastern Time Company Press Release OLATHE, Kan.--(BUSINESS WIRE)--July 7, 1999--AlliedSignal Inc. (NYSE:ALD - news) announced Wednesday that is has begun initial shipments of the new Airsat 1(TM) airborne satellite communications system, which uses the Iridium low-earth-orbit (LEO) satellite constellation. ''The real beauty of Airsat 1 is that it is reasonably priced, yet it is the first satellite communications system for aircraft that provides reliable, continuous communications for aircraft flying anywhere in the world,'' said Frank Daly, president, AlliedSignal Aerospace Avionics & Lighting. Iridium Inc.'s 66 satellites operate in polar orbits, with their paths passing over the North and South poles. This means they provide coverage anywhere on earth, including the Arctic and Antarctic regions not covered by traditional satellite communications systems. As an airplane flies, calls are handed off from satellite to satellite without an interruption of the call. AlliedSignal Aerospace is also a distributor for Iridium hand-held telephones and pagers as well as the airborne Airsat 1 systems and can provide airborne and ground systems through one billing account. Suggested retail price of the Airsat 1 is $29,500. Usage rates vary from $3.50 per minute for in-country calls to a maximum of $7 for international calls. AlliedSignal Aerospace has appointed 380 Airsat 1 dealers worldwide. AlliedSignal Aerospace, a $7.5-billion unit of AlliedSignal Inc., is the largest supplier of aircraft engines, equipment, systems and services for commercial transport, regional, general aviation and military aircraft. With headquarters in Phoenix, AlliedSignal Aerospace manufactures auxiliary power units; turbofan, turboprop and turboshaft propulsion engines; marine propulsion and ground power systems; engine systems and accessories; commercial, general aviation and defense avionics, including the enhanced ground proximity systems; flight control systems; environmental control systems; aircraft landing systems; power management and generation systems; and interior and exterior aircraft lighting. In addition, AlliedSignal Aerospace provides repair and overhaul services; aerospace consumable spare parts, hardware and logistic support; and management and technical services for space and communications facilities. The parent company, AlliedSignal Inc., with headquarters in Morris Township, N.J., is a $15-billion advanced technology and manufacturing company serving customers worldwide with aerospace products and services, automotive products, chemicals, fibers and advanced materials. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. The company employs 70,400 people in 40 countries. Additional information on the company is available on the World Wide Web at alliedsignal.com . This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts. Contact: AlliedSignal Aerospace Avionics & Lighting Ron Crotty, 425/885-8465 or AlliedSignal Aerospace John Clendening, 310/512-1656 More Quotes and News: AlliedSignal Inc (NYSE:ALD - news) Related News Categories: aerospace/defense Help Copyright © 1999 Business Wire. All rights reserved.