Aerosonic Awarded U.S. Army Aviation and Missile Command Contract for Altimeters.CLEARWATER, Fla. -- Aerosonic Corporation (Amex:AIM), a provider of precision flight products for commercial, business and military aircraft, today announced that the U.S. Army Aviation and Missile Command Missile Command is a 1980 arcade game by Atari Inc. that was also licensed to Sega for European release. The plot of Missile Command is simple: the player's six cities are being attacked by an endless hail of ballistic missiles, some of them even splitting like has awarded the company a contract for 350 altimeters to support UH60 Black Hawk Black Hawk (born 1767, Sauk Sautenuk, Va.—died Oct. 3, 1838, village on the Des Moines River, Iowa, U.S.) Sauk Indian leader. Long antagonistic to whites, Black Hawk was driven into Iowa from Illinois in 1831. and CH47 Chinook Chinook, indigenous people of North America Chinook (shĭn  k`, chĭ–), Native American tribe of the Penutian linguistic stock. Helicopters. Deliveries are scheduled to begin later this year. This order initiates the second option period on a master contract valued at $19 million. The contract was originally awarded in May 2002 with options extending through the year 2006. "Recent budget cuts for Navy and Air Force programs are presenting difficult challenges for many Defense contractors. We are fortunate to have a strong presence in Army Aviation. These programs are receiving increased funding to support the heavy defense transport requirements of current and possible future military conflicts," commented David A. Baldini, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . The UH60 Black Hawk and CH47 Chinook Helicopters are primary defense transport aircraft utilized for assault, air cavalry, and aeromedical evacuation units An operational medical organization concerned primarily with the management and control of patients being transported via an aeromedical evacuation system or system echelon. See also forward aeromedical evacuation. . Altimeters on these aircraft furnish flight crews with measurements of static (barometric) pressure and display it in terms of feet of altitude. The altimeters operate within tight performance tolerances to insure accuracy and safety of flight. Aerosonic Corporation, headquartered in Clearwater, Florida Clearwater is a city located in central Pinellas County, Florida, USA, nearly due west of Tampa. As of the 2000 census, the city had a total population of 108,787; however, according to the 2005 U.S. Census Bureau's estimates, the city's population fell slightly to 108,687. , is principally engaged in the manufacture of aviation products. Locations and divisions of the Company include: the Clearwater, Florida Instrument Division; the Aerosonic Wichita, Kansas
Wichita, also known as the Air Capital of the World, is the largest city in the U.S. state of Kansas, as well as a major aircraft manufacturing hub and cultural center. Division; Avionics Specialties, Inc., a Virginia corporation wholly owned by the Company; and the Clearwater, Florida Precision Components Division. For additional information, visit http://www.aerosonic.com. This document contains statements that constitute "forward-looking" statements within the meaning of the Securities Act of 1933 and the Securities Act of 1934, as amended by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. "Forward-looking" statements contained in this document include the intent, belief or current expectations of the Company and its senior management team with respect to future actions by officers and directors of the Company, prospects of the Company's operations, the amount of any anticipated restatements, profits from future operations, income tax deductions Tax deduction An expense that a taxpayer is allowed to deduct from taxable income. tax deduction See deduction. and reactions by the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. , and the Company's overall future business prospects, as well as the assumptions upon which such statements are based. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or future tax treatment, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those contemplated by the forward-looking statements in this document include, but are not limited to, adverse developments with respect to the resolution of management issues, operations of the Company's business units, failure to meet operating objectives or to execute the business plan, and the failure to reach revenue or profit projections. The Company undertakes no obligation to update or revise the forward-looking statements contained in this document to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results over time. |
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