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To: John F. Poteraske who wrote (687)	1/22/1998 1:39:00 PM
From: Bucky Katt	Read Replies (2) \| Respond to of 897

JFP-- Great news on a "Bowser">> Company Press Release SOURCE: LaBarge, Inc. LaBarge Wins New Contracts Valued at $13.7 Million to Produce Electronic Assemblies For AEGIS Program ST. LOUIS, Jan. 22 - LaBarge, Inc. (Amex: LB - news) announced today it has been awarded two new contracts totaling $13.7 million to produce high performance electronic assemblies for the AEGIS shipboard weapon system. Under the new multi-year contracts, LaBarge will supply the assemblies through the U.S. government's 2001 fiscal year. The awards include a $7.9 million contract from Lockheed Martin Government Electronics Systems in Moorestown, N.J., and a $5.8 million agreement with General Dynamics in Pittsfield, Mass., and Burlington, Vt. The new contracts bring to $18.4 million the value of new business on the AEGIS program awarded to LaBarge in recent months. In October, the company announced that Lockheed Martin had awarded LaBarge a $4.7 million contract to produce electronic assemblies for AEGIS systems purchased by the Spanish government. Under the new agreements, LaBarge will supply a variety of high performance electronic products, including printed circuit card assemblies and the system's director controller equipment. The work will be done at LaBarge's manufacturing facility in Huntsville, Ark. The AEGIS system is an advanced ''total weapon'' system. It integrates missiles, rapid-fire Gatling gun cannons and electronic countermeasures to provide anti-air, anti-surface and anti-submarine protection to the naval fleet. AEGIS is designed to function effectively in adverse environments. The company has manufactured electronic assemblies for the AEGIS program, its largest defense program, since 1990. The company has received the prestigious AEGIS Excellence Award three times. This award is given annually by the Navy and Lockheed Martin to a few select companies that demonstrate outstanding support for the AEGIS program. Craig E. LaBarge, chief executive officer and president, made the announcement and commented: ''We are very pleased to continue our long-standing involvement on the AEGIS program and are gratified that Lockheed Martin and General Dynamics have selected LaBarge as their manufacturing partner on this important defense initiative.'' LaBarge, Inc. designs and manufactures high-performance electronics and systems for specialized applications in a variety of different industries, including geophysical, wireless telecommunications, medical, commercial aerospace, and defense. Headquartered in St. Louis, the Company employs a workforce of approximately 800 and operates manufacturing facilities in Missouri, Arkansas, Oklahoma and Texas.