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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth R. Moss who wrote (6316)	6/23/1998 9:04:00 AM
From: Carole	Respond to of 29382

[CADE] Cade Industries Gains $8 Million Order from Rolls Royce plc OKEMOS, Mich., June 23 /PRNewswire/ -- Cade Industries, Inc. (Nasdaq: CADE), a leading supplier of advanced material products and engine services to the aerospace and air transport industries, announced today that it received an order estimated in excess of $8 million with Rolls Royce, plc. for engine stands and adapters to be used in testing and development of the new Trent 500 large fan engine. This high thrust engine will be used to power the new Airbus A340-500/600 aircraft. "This is a significant order for Cade with the potential for increased value over the term of the contract," said Richard Lund, president and chief executive officer of Cade Industries. "Considerable work has been completed on the design and we expect to deliver the first units by March, 1999, with final deliveries set for the first quarter, 2000." Cade further announced that its backlog as of June 15 was $86 million, up from $84.1 million at the beginning of May. Cade designs, develops, manufactures, overhauls and repairs high technology composite components for the aerospace and air transport industries and is a global leader in the design and manufacture of jet engine test facilities and related ground testing equipment. The company's operating subsidiaries are located in Lansing, MI; San Diego, CA; Grand Prairie, TX; and Minneapolis, MN. For more information or to receive a copy of this press release, please call our Company News On-Call at 1-800-758-5804 -- extension 075675 or you can access the information via the Internet at prnewswire.com, or for further information on Cade Industries you can access the company's web site at cade-industries.com.http://www.prnewswire.com/