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AIRPORT SYSTEMS ENTERS $17.7 MILLION CONTRACT INTO BACKLOG.


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)--March 21, 1997--

WORK TO BEGIN IMMEDIATELY ON TWO-YEAR INDONESIAN PROJECT

Airport Systems International, Inc. (Nasdaq/NM:ASII) today announced that it has formally entered a $17.7 million navaid contract with the Republic of Indonesia into its backlog. The action follows the finalization of the contract and financing arrangements for this two-year project. The turnkey contract provides installation, flight inspection, training and other support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services  for the delivery of 19 DVORs (Doppler VHF (Very High Frequency) The range of electromagnetic frequencies from 30 MHz to 300 MHz.  Omni Range equipment) and 22 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 initial shipments of equipment for this contract will have an immediate, positive impact on our financial results in the current fiscal quarter which ends next month," remarked Keith S Keith may refer to:

People with the given name Keith:
  • Keith (given name)
People with the surname Keith:
  • Keith (surname)
In places:
  • The Barony of Keith in East Lothian Scotland, its caput being Keith Marischal.
. Cowan, president and chief executive officer. "We had already begun assembling certain components and will be able to move quickly to start deliveries. We obviously will receive a more substantial benefit from the full-year inclusion of the Indonesian contract during our 1998 fiscal year. Inclusion of this award brings our backlog to a new record for Airport Systems and highlights what we believe are outstanding opportunities for us to maintain this momentum as the leading supplier of navigation systems 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.  to the Asia/Pacific region."

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
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 21, 1997
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