AIRPORT SYSTEMS ANNOUNCES NEW NAVAID CONTRACTS.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)--Jan. 24, 1997--Airport Systems International, Inc. (Nasdaq/NM:ASII) today announced several navaid contracts totaling approximately $3.0 million. The contracts involve the Company's shipment and installation of equipment at various sites in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. and the Middle East. "These new contracts not only signal Airport Systems' solid international presence but also reaffirm re·af·firm tr.v. re·af·firmed, re·af·firm·ing, re·af·firms To affirm or assert again. re the performance of our equipment and personnel," remarked Keith S Keith may refer to: People with the given name Keith:
"Although these contracts extend the positive trend in our business that emerged in the first fiscal half, the timing of shipments has adversely affected sales in the three months ending January 31, 1997 that will result in a loss for the quarter. Based on our current schedules, however, we fully expect to make up this shortfall Shortfall The amount by which the capital required to fulfill a financial obligation exceeds available capital. Notes: Shortfall risk is often combated with an efficient hedging strategy created by a fund, group, institution, or individual. in the fourth fiscal quarter and to be solidly in the black for fiscal 1997 as a whole." In the third fiscal quarter a year ago, the Company reported sales of $3.7 million and a net loss of $74,000, or $0.03 per share. 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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