Cade Industries Inc. reports $6 million in new orders.LANSING, Mich.--(BUSINESS WIRE)--May 9, 1996--Cade Industries Inc. (Nasdaq/NM:CADE) which is engaged worldwide in the design, manufacture and repair and overhaul of high technology composite components for the aerospace, air transport and specialty industries, announced today it has received orders in excess of $6 million from four of the world's leading aircraft and engine manufacturers. The new orders are from: -- Boeing Commercial Airplane airplane, aeroplane, or aircraft, heavier-than-air vehicle, mechanically driven and fitted with fixed wings that support it in flight through the dynamic action of the air. Company -- BMW/Rolls Royce -- Bell Helicopter Bell Helicopter Textron is an American helicopter and tiltrotor manufacturer headquartered in Fort Worth, Texas. A division of Textron, Bell manufactures military helicopter and tiltrotor products in the United States (primarily in and around Fort Worth as well as in Amarillo, -- United Technologies - Pratt & Whitney These orders scheduled for delivery in 1996 and 1997 are reflective Refers to light hitting an opaque surface such as a printed page or mirror and bouncing back. See reflective media and reflective LCD. of the growing recovery in the commercial aircraft industry and represent several key new customers for Cade Industries. Cade President, Richard A. Lund stated that he was pleased with the company's growing sales backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. and that the company would strengthen its sales and earnings throughout 1996. For a full text copy of this release, please call our News on Demand Service at 800/311-4601 or you can access the information via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at http://www.businesswire.com/cnn/cade.htm NOTE TO EDITORS: The Internet address There are two kinds of addresses that are widely used on the Internet. One is a person's e-mail address, and the other is the address of a Web site, which is known as a URL. Following is an explanation of Internet e-mail addresses only. For more on URLs, see URL and Internet domain name. above should contain double slashes after "http:". It is possible these slashes may not appear properly in some systems. CONTACT: Cade Industries Inc., Lansing S.A. Mull or E.B. Stephens, 517/394-1333 |
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