AlliedSignal Aerospace To Supply Flight Instrument Displays For South Korean Air Force KTX-2 Aircraft.URBANA, Ohio--(BUSINESS WIRE)--Aug. 23, 1999-- AlliedSignal Inc. (NYSE NYSE See: New York Stock Exchange :ALD ALD abbr. adrenoleukodystrophy ALD, n.pr See adrenoleukodystrophy. ALD aldolase. ) announced today that it has been selected to provide the flight instrument displays for the South Korean Air  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Force's KTX-2 aircraft. The deal is valued at $31 million over 20 years, based on the entire order of KTX-2 aircraft. AlliedSignal Aerospace's Grimes Lighting business will provide eight three-inch flight instrument displays per aircraft, including the Horizontal Situation Indicator An instrument which may display bearing and distance to a navigation aid, magnetic heading, track/course and track/course deviation. , Attitude Director Indicator An attitude indicator which displays command signals from the flight director computer. , Mach Speed Indicator and Electronic Altimeter altimeter (ăltĭm`ĭtər, ăl`tĭmē'tər), device for measuring altitude. The most common type is an aneroid barometer calibrated to show the drop in atmospheric pressure in terms of linear elevation as an airplane, . The KTX-2 is a supersonic fighter-trainer built by South Korea-based Samsung in partnership with Lockheed Martin Tactical Aircraft Systems. The aircraft is scheduled to receive certification in 2002. "We're honored to continue our relationship with Samsung through their selection of our flight instruments for South Korea's flagship combat aircraft program," said Charles D. Sheets, Director of Marketing and Sales, Grimes Lighting, AlliedSignal Aerospace. "They were especially pleased that we could provide them a wide array of display options in a single integrated component, which can help minimize their inventory costs." AlliedSignal Aerospace, a $7.5 billion unit of AlliedSignal Inc., is the largest supplier of aircraft engines, equipment, systems and services for commercial transport, regional, general aviation and military aircraft. AlliedSignal Inc. is a $15 billion advanced technology and manufacturing company serving customers worldwide with aerospace products and services, automotive products, chemicals, fibers, plastics and advanced materials. It is one of the 30 stocks that make up the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. and is also a component of the Standard & Poor's 500 Index. The company employs 70,400 in some 40 countries. Additional information on the company is available on the World Wide Web at http://www.alliedsignal.com. This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, as amended, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts. |
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