AIRPORT SYSTEMS AWARDED LANDMARK CONTRACT FOR SATELLITE-BASED NAVIGATION SYSTEM; OTHER NEW INTERNATIONAL NAVAID CONTRACTS ANNOUNCED.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)--Oct. 6, 1997--Airport Systems International, Inc. (Nasdaq/NM:ASII) today announced that it has been awarded a landmark contract by Thailand to ship and install a local area differential global positioning system Global Positioning System: see navigation satellite. Global Positioning System (GPS) Precise satellite-based navigation and location system originally developed for U.S. military use. ("LADGPS LADGPS Local Area Differential Global Positioning System "). The Company's LADGPS system embodies new technology based on directional signals provided by satellites that is eventually expected to replace conventional ground-based navigational systems. Airport Systems announced that this contract is one of several recent international orders for navaids that are valued in total at approximately $3 million. Keith S. Cowan, president and chief executive officer, remarked, "This contract signals the success of the significant investment we are continuing to make with our partner, Interstate Electronics Corporation, in developing an LADGPS system. The order from Thailand was based on a formal procurement process that fully tested the competitiveness of the system we are engineering and our ability to utilize our extensive navigation system A GPS-based electronic system in a car or truck that provides a real time map of the vehicle's current location as well as step-by-step directions to a programmed destination. See GPS and vehicle tracking. expertise in marketing this new technology. We expect to ship the equipment during the first half of calendar 1998. We are especially pleased that this first order was received from Thailand where navaids and related services provided by Airport Systems have become key components of that nation's navigation system for aircraft." Cowan added, "We are maintaining sound momentum in the pace of new orders thus far in fiscal 1998. Our international contracts also included an award from Panama to supply a Doppler very high frequency omnirange om·ni·range n. A radio network that provides aircraft with complete information on bearings. Also called omnidirectional radio range. Noun 1. system ("VOR VOR Vestibulo-ocular reflex, see there "), an ILS ILS In currencies, this is the abbreviation for the Israeli Shekel. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. system and two DMEs, as well as VOR's to Taiwan and Cambodia. We also secured an order from the International Civil Aviation Organization International Civil Aviation Organization (ICAO), specialized agency of the United Nations, organized in 1947, with headquarters at Montreal. The objective of the ICAO, which has 187 member nations, is to encourage the orderly growth of international civil aviation, , an important international air traffic governing organization, to provide retrofit kits for DMEs. Apart for these specific orders, we were successful in a number of other bids to supply navaids for installations in the United States, other locations in North America and the Middle East." Airport Systems International, Inc. designs, manufactures, markets and installs ground-based equipment (navaids) and airfield signs 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 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion