AIRPORT SYSTEMS RESUMES PRODUCTION OF AIRFIELD SIGNAGE; CURRENT BACKLOG TOTALS $1.0 MILLION.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)--February 10, 1995-- Airport Systems International, Inc. (Nasdaq/NM:ASII) today announced that the Company's airfield signage has been re-certified by an independent laboratory under FAA specifications for all airfield conditions. Airport Systems temporarily suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. manufacturing and shipping completed airfield signs last month pending modifications to insure Insure can mean:
"We currently have a backlog of approximately $1.0 million in airfield signage," stated Keith S Keith may refer to: People with the given name Keith:
Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales of these systems were approximately $3 million. The design improvements which have been implemented add to our confidence that these products will account for an increasing share of our total sales in the future. "We successfully completed the necessary modifications well ahead of schedule. The initial estimate, early last month, was that this process would require 90 days. We are resuming manufacturing much sooner than that projection because of the concentrated efforts of Airport Systems' personnel. As a result of the improvements, the signage not only meets all visibility standards but also delivers what we believe is the lowest life-cycle cost available." Airport Systems acquired the VomaGlow line of airfield signage in September 1994 from Vomar International, Inc. of Sepulvada, California. Airfield signage is used to direct aircraft along runways and taxiways and to terminals. Cowan added, "We are vigorously pursuing an indemnity claim against Vomar International. We expect to recoup recoup To sell an asset at a price sufficient to recover the original outlay or to offset a previous loss. all design and retrofit ret·ro·fit v. ret·ro·fit·ted or ret·ro·fit, ret·ro·fit·ting, ret·ro·fits v.tr. 1. To provide (a jet, automobile, computer, or factory, for example) with parts, devices, or equipment not in costs which should be below the amount of guaranteed future payments withheld under the purchase agreement." Airport Systems International, Inc. designs, manufactures, markets and installs ground-based radio navigational equipment (navaids) for aircraft and airfield signage. The Company's complete line of products providers aircraft with approach-to-landing, en-route, and airfield guidance, permitting safe navigation, landing and ground movement 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