DBA SYSTEMS SETTLES TWO PENDING LAWSUITS
DBA SYSTEMS SETTLES TWO PENDING LAWSUITS MELBOURNE, Fla., Jan. 31 /PRNewswire/ -- DBA Systems, Inc.
(NASDAQ: DBAS), a Melbourne-based defense imaging, charting, geodesy, and electronics firm announced today that it has signed a settlement agreement with Martin Marietta Corporation (NYSE: ML) resolving two pending lawsuits.
On May 23, 1991, DBA filed a suit against Martin Marietta Corporation in the Circuit Court of Brevard County, Fla., alleging that in 1990, Martin Marietta attempted to exercise a contract option contrary to the terms of the option and then wrongfully terminated the contract between the parties. On July 1, 1991, Martin Marietta filed a suit against DBA in the U.S. District Court in Colorado alleging that DBA breached the subject contract. The two lawsuits were settled under undisclosed terms which are not financially material to DBA. -0- 1/31/92 /CONTACT: John L. Slack, chairman of the board, president and CEO of DBA Systems, 407-727-0660, ext. 2535/ (DBAS ML) CO: DBA Systems, Inc.; Martin Marietta Corporation ST: Florida IN: ARO SU:
AW-SS -- FL015 -- 5748 01/31/92 15:58 EST
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|Date:||Jan 31, 1992|
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