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Non-Tech : Simula (SMU) -- Ignore unavailable to you. Want to Upgrade?

To: Noblesse Oblige who wrote (1140)	6/4/1998 10:14:00 AM
From: greentree	Respond to of 1671

PHOENIX, Arizona - June 4, 1998 - Simula Inc. (NYSE: SMU) announced today that during April and May it received approximately $60.5 million in new firm orders and options for a variety of the Company's products in each of its three business segments: Commercial Transportation Seating, Government and Defense, and Automotive Safety Systems. New firm orders and options in the Commercial Transportation Seating segment totaled $31.6 million for the company's AI-1000 (coach class) and AI-2000 (business class) commercial airliner seating systems, rail and mass transit seating and soft goods for both airline and rail. Firm orders and options received in the Government and Defense segment totaled $22.3 million and included the initial order for the company's emergency bailout parachute and a development program for a new application of the company's Cockpit Airbag System ("CABS"). Firm orders and options in the Automotive Safety Systems segment totaled approximately $6.6 million for the ongoing production of Simula's ITS, automotive side impact head protection product. "We are very pleased with the new business that we were able to sign in April and May, and while the second quarter is not yet completed, this order volume is nearly double the amount of new orders and options that we recorded during the entire first quarter of this year. In addition, the initial orders for our emergency bailout parachute and the new application for our CABS product represent our entry into two significant markets we have been pursuing for several years," commented Don Townsend, president of Simula. Simula, Inc., based in Phoenix, Arizona, USA, is an acknowledged world leader in transportation safety and energy absorption technology. Its principal product lines are protective systems including inflatable restraints, airbags, ballistic armor, high technology energy absorbing aircraft seating systems and rail and mass transit seating systems. Additional information about the company is located on the Internet at simula.com. The estimates of contract and purchase option values and production periods constitute forward looking information. Although such estimates are based on reliable information and past experience, operating results are affected by a wide variety of factors, many of which are beyond the control of the company. The factors include the levels of orders which are received and can be shipped in a quarter; whether and when order options are exercised; customer order patterns and seasonality; contract mix and shifting production and delivery schedules; manufacturing capacity and yield; costs of labor, raw materials, supplies and equipment; technological changes; competition and competitive pressures on pricing; economic conditions in the United States and worldwide as well as other risks that are detailed from time to time in the company's Securities and Exchange Commission filings.

To: Noblesse Oblige who wrote (1140)	6/4/1998 10:45:00 AM
From: Noblesse Oblige	Read Replies (1) \| Respond to of 1671

To the "thread," It is reasonably clear that ITS orders are running ahead of expectations. With the current press release indicating new orders of $6.6 million (or $ 3.3 million per month), this easily eclipses the expected rate of revenues for all of 1998. Remember, the expectation for the full year was just under $ 2 million per month. As for airline seats, which clearly represent the lion's share of commercial transportation seating orders, to keep the importance of this morning's release and numbers in mind one has to remember that SMU had 1997 revenues in that segment of only slightly north of $ 20 million. For 1998, it is anticipated that SMU will ship up to $ 40 million in airline seats. The logging in of such large incremental orders certainly puts us on track for reaching the $ 60 million level of revenues in 1999. Once the company consolidates San Diego's plants and starts efficient production, we should be well on the way to producing some good earnings numbers. I expect this trend to be apparent for the balance of 1998. All in all, very positive news.