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Gold/Mining/Energy : Wescam (WSC TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Marc who wrote (38)	3/31/2000 2:14:00 AM
From: Flipper12	Read Replies (1) \| Respond to of 53

i have been long on this company for almost 2 years and it is damn frustrating hopefully this latest news will take it over $6. Wescam Awarded C$19 Million Follow-On Order From Lockheed Martin For U.S. Navy P-3C Contract FLAMBOROUGH, ONTARIO--Wescam announced today that it has received a C$19 million follow-on order from Lockheed Martin Corporation ("Lockheed Martin"), acting through its Naval Electronics and Surveillance Systems - Eagan Division, Minnesota, pertaining to the United States Navy P-3C Orion upgrade program. Lockheed Martin has exercised a fourth set of options to purchase additional variants of the WESCAM( 20 multi-sensor systems for the U.S. Navy. This latest order is scheduled for delivery between the first quarter of fiscal 2001 and the second quarter of 2002. Wescam was initially contracted by Lockheed Martin to supply systems for the "P-3" maritime patrol aircraft upgrade program in October 1997. The total contract value to date, including today's follow-on order announcement, is C$74 million. "Wescam introduced its WESCAM( 20 technology into the government and military program marketplace in 1997," stated Mark Chamberlain, Wescam's President and Chief Executive Officer. "It is satisfying to see the systems beginning to enter the P-3 fleet and undergo operational deployment where they can make a positive impact on the maritime patrol mission of the U.S. Navy." Wescam is a world leader in the design and manufacture of wireless visual information systems, providing real time images as information for a variety of government and commercial customers around the globe. Wescam captures images from moving platforms that range from aircraft, helicopters, airships and the Space Shuttle to racing cars, tracks, boats and cranes, and transmits those images via wireless communication link to the end user. Wescam is traded on The Toronto Stock Exchange under the symbol "WSC".

To: Marc who wrote (38)	3/31/2000 12:36:00 PM
From: Technopeasant	Read Replies (1) \| Respond to of 53

Welcome Marc. This another one of those Canadian stocks which get respect. I see from other threads that you follow a few ;-) I live just down the road from WSC, but have no other connection with them unless you count the declining balance in my investment here. I'm beginning to think their emphasis on government security is the problem. The contracts for security, search and rescue and recconaissance are nice but not sexy. The movie and sports business has the potential to be high profile, but isn't. There are some other companies that would be interesting in some sort of conjunction with WSC but none of them are very large or have very high profiles. All in all, I don't know where this is going. Maybe the only thing we can hope for is a totally blockbuster quarter, (not on the horizon that I know of). In the meantime its been dead money in a rising market and I shouldn't be holding it. But I am.