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Technology Stocks : Signal Technology (now STCO)- a classic turnaround -- Ignore unavailable to you. Want to Upgrade?

To: Paul Lee who wrote (108)	7/25/2000 6:59:19 AM
From: Paul Lee	Respond to of 191

another new win Signal Technology Keltec Division Awarded Electronic Counter Measures Transmitter Development Contract DANVERS, Mass.--(BUSINESS WIRE)--July 25, 2000--Signal Technology Corporation ("Signal") (Nasdaq:STCO), a leading provider of electronics products for wireless communications and power products in the commercial, defense and space markets, today announced that its Keltec Division in Fort Walton Beach, Florida, has been awarded a design and development contract for a new airborne transmitter from Hellenic Aerospace Industry, Ltd., in Greece. This state-of-the-art design will utilize Keltec's qualified super-microwave power module (MPM) power supply for this electronic counter measures (ECM) aircraft program. Production potential for the A-7 attack jet fighter aircraft electronics upgrade program award is valued in excess of $3 million. Long-term value including spares and support could equal $6 million. "This development award places Keltec on another aircraft platform as well as reinforces our position in the international ECM market," said John Cotumaccio, President of Keltec. "We are proud that this award from Hellenic Aerospace was based on our technical expertise and customer responsiveness."