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

To: Catfish who wrote (1477)	2/9/2000 8:40:00 PM
From: jr	Read Replies (1) \| Respond to of 1509

and it keeps coming.... Wednesday February 9, 3:25 pm Eastern Time Company Press Release SOURCE: Pacific Aerospace & Electronics, Inc. Pacific Aerospace & Electronics Announces Long Term European Contracts WENATCHEE, Wash., Feb. 9 /PRNewswire/ -- Pacific Aerospace & Electronics, Inc. (Nasdaq: PCTH - news), announced today that the Company's European Aerospace Group recently secured two long term supplier contracts with Aermacchi of Italy to manufacture formed titanium sheet components and assemblies. The contracts were placed with Aeromet International plc, a subsidiary of Pacific Aerospace & Electronics located in the U.K., and are valued at approximately $40 million. One contract (ten years) is for the manufacture of major components for Aermacchi's Jet Engine Nacelle assemblies, mainly for Airbus engines. The other single source contract (life of program) is for the manufacture of components for the Eurofighter Aft Engine Cowl Doors. All of the components to be supplied are made from sheet titanium alloys, with the majority formed by utilizing Aeromet's superplastic forming skills and chemical milling expertise. ''We are very pleased to expand our relationship with Aermacchi,'' said Don Wright, CEO of Pacific Aerospace & Electronics. ''Aeromet has developed significant capabilities and expertise in sophisticated titanium stretch forming and thermal forming processes. These contract awards are an important step in advancing our strategies to increase sales of new technologies, and to expand our international business.'' 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.