Simula Achieves Major Milestone in Cockpit Air Bag System -- CABS -- Deliveries; Continues to Receive Additional Orders Under Existing Contracts for Black Hawk and Kiowa CABS.

Business Editors/Technology Writers

PARIS--(BUSINESS WIRE)--June 17, 2003

Simula Inc. (AMEX:SMU), announced at the Paris Air Show that it is nearing the successful completion of the initial order for its Cockpit Air Bag System (CABS) technology that is being installed in U.S. Army UH-60 Black Hawk and Oh-58 Kiowa helicopters. By the end of June 2003, the Company will have delivered 510 shipsets for the Black Hawk helicopters and 84 shipsets for Kiowa helicopters. The value of these deliveries is in excess of $13 million. At present, over 160 CABS have been installed and are in service for the U.S. Army. Simula is the sole source provider of CABS to the U.S. Army.

At the Paris Air Show Simula has featured the CABS system which is composed of air bags, gas generators, and a unique three-axis crash sensor, and is designed to protect helicopter aircrew from potentially fatal impacts with aircraft structure and equipment installed in the cockpit in the event of a crash. When a crash impact is sensed, the air bags inflate in front of and beside the occupants to cushion their heads and upper torsos, as well as to keep their limbs from flailing excessively within the crowded cockpit environment. Simula is the system designer and integrator of all components in the systems, and provides them on a sole-source basis to the Army.

The Company reported that it continues to receive orders from the U.S. Army for both Black Hawk and Kiowa systems. In August of 2002, Simula announced that it had been awarded an Indefinite Delivery / Indefinite Quantity (ID/IQ) contract for the UH-60 CABS, as well as an initial delivery order that satisfied the minimum guarantee under the contract. The total value of delivery orders that can be placed under the ID/IQ contract is $26.5M. Simula's existing contract for the Kiowa CABS allows the Army to continue to acquire these systems. Most recently, in March of 2003, Simula received an additional $2.9M in follow-on orders for additional UH-60 and OH-58 CABS.

Simula continues to pursue new applications for its CABS technology in both domestic and international aircraft markets. With its programmable crash sensor, the CABS is adaptable to a wide variety of other military rotary- and fixed-wing aircraft.

Simula designs and makes systems and devices that save human lives. Its core markets are military aviation safety, military personnel safety, and land vehicle safety. Simula's core technologies include inflatable restraints, energy-absorbing seating systems, advanced polymer materials, lightweight transparent and opaque armor products, personnel protective equipment, and emergency bailout parachutes. For more information, go to www.simula.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements that involve risks and uncertainties that may cause the Company's actual experience to differ materially from that which is anticipated. These forward-looking statements include statements about expected orders, revenues, and profits. Factors pertinent to the Company's ability to meet expectations include Congressional appropriations, military orders, and the success of continued cost-saving initiatives. Factors pertinent to product sales include customer needs, schedules, and military procurement budgets. Actual results may differ materially from those projected. Additional risks include those described herein and in the Company's registration statements and periodic reports filed with the U.S. Securities and Exchange Commission.