Base Ten awarded contract for SLAM-ER missile electronics.TRENTON, N.J.--(BUSINESS WIRE)--March 5, 1997--Base Ten Systems Inc. (NASDAQ-NMS: BASEA BASEA Boston Area Solar Energy Association ) announced today that the third contract awarded in 1996 from McDonnell Douglas McDonnell Douglas was a major American aerospace manufacturer and defense contractor, producing a number of famous commercial and military aircraft. It merged with Boeing in 1997 to form The Boeing Company. was for the pre-production phase of an Automatic Target Recognition (ATR ATR Achilles tendon reflex, see Ankle reflex ) system for the Standoff Land Attack Missile The Standoff Land Attack Missile or SLAM is an over-the-horizon, all-weather cruise missile which grew out of the United States Navy's Harpoon anti-ship missile in the 1970s. Expanded Response (SLAM-ER SLAM-ER Standoff Land-Attack Missile - Expanded Response ) missile. This contract represents the first phase of a cooperative effort between Base Ten and McDonnell Douglas. A qualification phase contract is expected mid 1997 to be followed by production. The initial production has a potential of 700 units. The Automatic Target Recognition system enhances the targeting capability of the SLAM-ER missile. Mike Kranzler, chairman 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. , said, "This contract carries us further into the field of missile and weapons control than ever before. It represents one of several major engineering contracts won this year, each with long-term production potential. We are grateful for McDonnell Douglas's recognition of our engineering and manufacturing skills and the opportunity to work together with them in this challenging opportunity." Base Ten Systems Inc. is a diversified technology company concentrating on safety critical applications in Manufacturing Execution Systems software for the regulated industries, weapons control systems, and medical imaging systems. FORWARD LOOKING INFORMATION The foregoing contains forward looking information within the meaning of The Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Such forward looking statements involve certain risks and uncertainties including the particular factors described above relative to the perceived economic value of the company's products and the possibilities for growth. In each case the actual results may differ materially from such forward looking systems. The company does not undertake to publicly update or revise its forward looking statements even if experience or future changes make it clear than any projected results (expressed or implied) will not be realized. CONTACT: Base Ten Systems Inc. Edward J. Klinsport (609) 586-7010 or Strategic Growth Int'l Inc. Richard Cooper/Robert Schatz (516) 829-7111 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion