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OEA ANNOUNCES PLAN TO REPURCHASE UP TO 60,000 OF ITS SHARES

 OEA ANNOUNCES PLAN TO REPURCHASE UP TO 60,000 OF ITS SHARES
 DENVER, Oct. 9 /PRNewswire/ -- A.D. Kafadar, chairman of OEA Inc. (NYSE: OEA), the Denver-based high-technology manufacturer of aerospace and automotive safety products, announced that the board of directors has authorized the repurchase of up to 60,000 shares of OEA common stock. The shares will be purchased from time to time in the public market or in private transactions on terms acceptable to OEA. Kafadar stated that available working capital will be utilized for the repurchase.
 OEA is a leader in the field of propellant and explosive-actuated devices used in (1) the personnel escape systems of military aircraft, missiles and for space application and (2) the automotive airbag.
 -0- 10/9/92
 /CONTACT: A.D. Kafadar, C.B. Kafadar or J.E. Banko all of OEA, 303-693-1248/
 (OEA) CO: OEA Inc. ST: Colorado IN: AUT ARO SU:


TS -- DV002 -- 8333 10/09/92 11:53 EDT
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Publication:PR Newswire
Date:Oct 9, 1992
Words:159
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