AIRPORT SYSTEMS INTERNATIONAL WINS MAJOR NAVIGATION SYSTEMS CONTRACTS FOR TURKEY.Systems International, Inc. (Nasdaq/NM:ASII) today announced the award of contracts with Turkey covering the supply of navaids valued at approximately $900,000. "We expect to complete shipment of this equipment during the current fiscal quarter which ends next January," remarked Keith S Keith may refer to: People with the given name Keith:
Cowan said, "Under the contract announced today, VOR VOR Vestibulo-ocular reflex, see there systems manufactured by Airport Systems will be installed at four fixed locations within Turkey. We will also be supplying a mobile system to be used for site testing and emergency operations. "Turkey is projecting a 30-40% increase in its air travel for 1995 as a whole and is committed to an ongoing program to upgrade its entire navigation infrastructure for domestic and international air traffic. This rapid degree of growth is similar to the gains many other nations are experiencing which, in turn, is mandating the major modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, of air traffic control systems. We are pleased with this additional business, which will favorably fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. affect our near-term results, and remain enthused about the longer term prospects for Airport Systems in the global market for navaids." 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 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. Thomas C. Cargin, 913/495-2614 |
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