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AEL JOINT VENTURE TEAM RECEIVES $23.9 MILLION AWARD

 AEL JOINT VENTURE TEAM RECEIVES $23.9 MILLION AWARD
 LANSDALE, Pa., Feb. 20 /PRNewswire/ -- AEL Industries, Inc. (NASDAQ-NMS: AELNA) announced today that its subsidiary, AEL Defense Corp. and joint venture partner, Lockheed Sanders, have received incremental funding of $23.9 million of a $47.8 million contract to produce seven engineering development models of the TACJAM-A mobile tactical Electronic Surveillance Measures (ESM) system from the U.S. Army Communications and Electronics Command.
 AEL has long been a world leader in communications countermeasures technology and the award represents the next phase of development for this major system after a successful demonstration of the initial prototype to the U.S. Army this past year.
 The TACJAM-A program will provide the next generation communications jamming technology designed into a multi-platform, modular signal intercept and jamming system capable of satisfying the U.S. Army's future requirements for its heavy divisions, light forces and airborne elements. Future large-scale multi-year production is expected to follow which will continue the program beyond the year 2000.
 In addition to being the principal producer of the currently deployed TACJAM system, AEL manufactures a number of lightweight, highly mobile communications jamming systems that are in active service with both the U.S. and allied forces. Work on this program will be performed at AEL's facilities in Lansdale, and is expected to run through the spring of 1994.
 AEL is a leading supplier of electronic defense systems and subsystems. The company designs and manufactures sophisticated countermeasures, simulation and radar warning receiver systems, installs and integrates electronic and avionic equipment in military aircraft and provides state-of-the-art antenna, microwave and integrated circuit components.
 The class A common stock of AEL Industries, Inc. is traded in the Over-the-Counter market on the NASDAQ National Market System under the symbol AELNA.
 /delval/
 -0- 2/20/92
 /CONTACT: Corporate Communications of AEL Industries, 215-822-2929/
 (AELN) CO: AEL Industries, Inc.; AEL Defense Corp.; Lockheed Sanders;
 U.S. Air Force ST: Pennsylvania IN: ARO SU: CON


MP-LJ -- PH024 -- 1032 02/20/92 14:58 EST
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Publication:PR Newswire
Date:Feb 20, 1992
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