AIRPORT SYSTEMS ANNOUNCES MAJOR MIDDLE EASTERN CONTRACT; EXPECTS HIGHER EARNINGS IN FOURTH FISCAL QUARTER.OVERLAND PARK Overland Park, city (1990 pop. 111,790), Johnson co., NE Kans., a residential suburb of Kansas City; inc. 1960. There is printing and publishing, and the manufacture of apparel, aircraft parts, cement, prepared foods, salt, chemicals, marine accessories, and signs. , Kan.--(BUSINESS WIRE)--April 2, 1996--Airport Systems International, Inc. (Nasdaq/NM:ASII) today announced that it has been awarded contracts valued at $4.1 million to supply ground- based navigation equipment and systems in the Middle East and United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "We expect to ship the majority of the equipment covered by the contracts during the fourth fiscal quarter which ends in April," remarked Keith S Keith may refer to: People with the given name Keith:
Cowan said, "Approximately one-half of this backlog is scheduled for shipment in the fourth quarter of fiscal 1996. Based on this, we expect to achieve higher revenues compared with $4.3 million in the fourth period a year ago and a significant increase in earnings versus net earnings of $203,000, or $0.08 per share, in the fourth quarter of fiscal 1995." The Middle Eastern contract involves producing, installing and commissioning three ILSs (Instrument Landing System), two VORs (VHF (Very High Frequency) The range of electromagnetic frequencies from 30 MHz to 300 MHz. Omni Range) and five DMEs (Distance Measuring Equipment Distance Measuring Equipment (DME) is a transponder-based radio navigation technology that measures distance by timing the propagation delay of VHF or UHF radio signals. ). The United States contracts are for a localizer A directional radio beacon which provides to an aircraft an indication of its lateral position relative to a predetermined final approach course. See also instrument landing system. and DME (Distributed Management Environment) A network monitoring and control protocol defined by the Open Software Foundation (now The Open Group). DME was not widely used. DME - Distributed Management Environment . The Company also announced that it has received a three-year contract, with an option to extend for two additional years, from the Commonwealth of Virginia. Under this contract, Airport Systems will supply any new navaid equipment, including Localizers, Glideslopes, Marker Beacons A marker beacon is a beacon used in aviation in conjunction with an instrument landing system (ILS), to give pilots a means to determine distance to the runway. There are three types of marker beacons on an ILS. and DME, to the Commonwealth of Virginia. Cowan said, "We are very pleased that the Commonwealth of Virginia has chosen Airport Systems as its sole navaid supplier. They conducted a very stringent proposal evaluation and found our equipment and services to meet all of their requirements and offer the best overall value." Airport Systems International, Inc. designs, manufactures, markets and installs ground-based equipment (navaids) and airfield signage to aid the in-flight navigation and ground movement of aircraft. The Company's products are used worldwide to guide the navigation of aircraft in various phases of a flight and in all visibility conditions. CONTACT: Airport Systems International, Inc., Overland Park Thomas C. Cargin, 913/495-2614 |
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