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COMPTEK ANNOUNCES RECORD FISCAL 1992 FOURTH QUARTER AND FULL-YEAR FINANCIAL RESULTS

 COMPTEK ANNOUNCES RECORD FISCAL 1992
 FOURTH QUARTER AND FULL-YEAR FINANCIAL RESULTS
 BUFFALO, N.Y., May 29 /PRNewswire/ -- Comptek Research, Inc. (AMEX/BSE: CTK) announced record financial results for the three months and full year that ended March 31, 1992. These results were achieved despite an increasingly competitive environment in the defense industry and for start-up costs associated with expansion of the company's telecommunications division. At the end of fiscal 1992, the company had an all-time high backlog.
 Revenues for the fiscal fourth quarter were $17,958,000, up 23.5 percent from $14,532,000 recorded in the same period last year.
 Earnings from operations, which included the impact of start-up expenses for Comptek Telecommunications and its investment in Bison Data Corporation, were $924,000, a 75 percent increase from last year's fourth quarter operating earnings of $528,000. Net earnings for the fourth quarter were essentially flat at $492,000 for fiscal 1992, compared with $501,000 for fiscal 1991. A one-time interest income gain of $285,000 was recorded in the fourth quarter of last year. Earnings per share in the fiscal 1992 fourth quarter were $0.11, compared with $0.12 from a year ago. All per share data is retroactively adjusted for the two-for-one stock split effective May 15, 1992. In addition, the weighted average number of shares outstanding for fiscal 1992 increased 6.2 percent primarily to account for the effect of common stock equivalents (outstanding stock options).
 The March 31, 1992, backlog was a record $58 million, up 8.6 percent from the $53.4 million backlog at the end of fiscal 1991. The backlog includes orders for 1,400 units of the DataMover 2000, which permits wireless networking of automated bank teller machines. During the fourth quarter of fiscal 1992, Comptek recorded approximately $28.2 million in contract bookings.
 "The strength of Comptek's defense-related activities has provided a solid base on which to build our commercial telecommunications business," commented Dr. John R. Cummings, Comptek's chairman, president and chief executive officer. "Our backlog for the DataMover 2000 has grown rapidly, and we expect this growth to accelerate in fiscal 1993. To date, all sales of the DataMover 2000 have been to foreign markets. With the Federal Communications Commission's granting type-acceptance of the DataMover 2000 in April, the product can now be sold domestically. We are working with a number of companies that desire our radio frequency technology to make their products more reliable and cost effective."
 For fiscal 1992, revenues were $64,903,000, up 26 percent from $51,366,000 in last year. Earnings from operations were $2,912,000, an increase of 17 percent from the $2,487,000 achieved in fiscal 1991. Net income was $1,653,000, compared with $1,574,000 in the prior year. Earnings per share were $0.39 in fiscal 1992, up from $0.38 per share in fiscal 1991. Per share earnings reflect a retroactive adjustment for the two-for-one stock split effective May 15, 1992. Common stock equivalents diluted earnings per share $0.02 for the year ended March 31, 1992.
 Comptek Research, Inc., with 13 offices and subsidiary locations in the United States, develops command, control, communications and intelligence systems and electronic warfare systems, primarily for the Department of Defense. Comptek also provides telecommunications transmission systems and services. Related activities include providing specialized technical services and the manufacturing of precision electronics for commercial applications.
 COMPTEK RESEARCH, INC.
 SUMMARY FINANCIAL DATA
 Three Months Ended March 31, 1992 March 31, 1991
 Net Sales $17,958,000 $ 14,532,000
 Operating earnings 924,000 528,000
 Earnings before income taxes 788,000 802,000
 Net earnings $ 492,000 $ 501,000
 Earnings per share $0.11(A) $0.12(A)
 Weighted average number of
 common shares and common
 share equivalents outstanding 4,400,000(A) 4,142,000(A)
 Twelve Months Ended March 31, 1992 March 31, 1991
 Net sales $ 64,903,000 $ 51,366,000
 Operating earnings 2,912,000 2,487,000
 Earnings before income taxes 2,645,000 2,519,000
 Net earnings $ 1,653,000 $ 1,574,000
 Earnings per share $0.39(A) $0.38(A)
 Weighted average number of
 common shares and common
 share equivalents outstanding 4,256,000(A) 4,152,000(A)
 (A) -- On May 15, 1992, Comptek completed a two-for-one stock split in the form of a 100 percent stock dividend. All share data has been retroactively adjusted for the effect of the split.
 -0- 5/29/92
 /CONTACT: Christopher A. Head, vice president of Comptek Research, 716-842-2700; or William K. Hart or Douglas A. Fox (investor relations), both of SM Berger & Co., 216-464-6400, for Comptek Research/
 (CTK) CO: Comptek Research Inc. ST: New York IN: ARO SU: ERN


KK -- CL007 -- 5135 05/29/92 11:03 EDT
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Date:May 29, 1992
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