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Technology Stocks : PCTH Anyone think this can take off in 1998?!! -- Ignore unavailable to you. Want to Upgrade?

To: GARY P GROBBEL who wrote (1462)	1/24/2000 10:11:00 AM
From: jr	Read Replies (1) \| Respond to of 1509

Pacific Aerospace & Electronics Announces Business Jet Contract Award WENATCHEE, Wash., Jan. 24 /PRNewswire/ -- Pacific Aerospace & Electronics, Inc. (Nasdaq: PCTH), announced today that the Company has recently received a contract from Sino Swearingen Aircraft Company for sheet metal and machined components and assemblies for the first several shipsets of SSAC's new SJ30-2 business jet. The contract was placed with the Machining Division of Pacific Aerospace & Electronics' US Aerospace Group and is expected to be the initial portion of a larger follow-on contract. Current work is valued at approximately $1.7 million. "We are very pleased with our selection as a supplier to Sino Swearingen," said Don Wright, CEO of Pacific Aerospace & Electronics. "This award demonstrates our continuing ability to provide quality engineering and manufacturing services to the aerospace community. Furthermore, it provides PA&E with a significant foothold in the booming business jet market." Sino Swearingen's all new entry-level business jet, the SJ30-2, is a seven-place business jet with a 2,500 nautical mile range -- nearly twice the range of most comparable light jets. It will fly at speeds in excess of 550 miles per hour, operate at altitudes up to 49,000 feet, and, due to its simplicity of design and operation, can be flown by a single pilot. SSAC is headquartered in San Antonio, TX. Pacific Aerospace & Electronics, Inc. is an international engineering and manufacturing company specializing in technically demanding component designs and assemblies for global leaders in the aerospace, defense, electronics, medical, energy and transportation industries. The Company is organized into three operational groups -- U.S. Aerospace, U.S. Electronics and European Aerospace -- with European operations accounting for approximately half of its revenue. Pacific Aerospace & Electronics is headquartered in Wenatchee, WA, and has approximately 1,100 employees worldwide. SOURCE Pacific Aerospace & Electronics, Inc. -0- 01/24/2000 /CONTACT: Tom Barrows, Investor Relations of Pacific Aerospace & Electronics, 509-667-9600; or Julie Rader, Investor Relations of StreetConnect, 206-320-1231, for Pacific Aerospace & Electronics, Inc./ /Web site: pcth.com (PCTH) CO: Pacific Aerospace & Electronics, Inc.; Sino Swearingen Aircraft Company ST: Washington, Texas IN: ARO SU: CON