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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (13893)	10/11/2002 11:47:22 AM
From: Frederick Langford	Read Replies (1) \| Respond to of 16631

Engineered Support Receives $8.5 Million Contract Order From Air Force /FROM PR NEWSWIRE CHICAGO 888-776-6551/ TO BUSINESS EDITOR: Engineered Support Receives $8.5 Million Contract Order From Air Force ST. LOUIS, Oct. 11 /PRNewswire-FirstCall/ -- Engineered Support Systems, Inc. (Nasdaq: EASI) received an order for $8.5 million from the U.S. Air Force for production of its Field Deployable Environmental Control Units (FDECU). The Air Force exercised options on an expedited basis under an existing contract to purchase the FDECU in order to meet the military's urgent surge requirements, according to Michael F. Shanahan, Sr., Chairman and CEO. The FDECU, a field deployable heat pump, has become a staple for most military units in remote areas where controlled air temperatures are required to include protection against chemical and biological agents. The FDECU is used to cool, heat, dehumidify, filter and circulate air for portable shelters, hospital systems, tents and fixed sites to satisfy electrical and personnel climate control requirements. The current order requires that all units be delivered to the Air Force within one year to support its heightened military operations around the globe. More than 10,000 FDECU units have been ordered to date under a multi-year contract bringing the cumulative funded value of the contract to more than $116 million in total revenues. Including remaining unexercised production options, the entire remaining FDECU contract backlog stands at approximately $52 million with production expected to run through 2004. Engineered Support Systems, Inc. is a diversified supplier of high-tech, integrated military electronics, support equipment and logistics services for all branches of America's armed forces and certain foreign militaries. The Company also serves a variety of commercial customers. For additional information about Engineered Support Systems, please visit the Company's website at www.engineeredsupport.com . Certain statements in this press release are forward looking in nature and, accordingly, are subject to risks and uncertainties. The actual results may differ materially from those described or contemplated.