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1,400,000 AIRPORT SYSTEMS INTERNATIONAL INITIAL COMMON SHARES OFFERED AT $10.25 PER SHARE

 OVERLAND PARK, Kan., Nov. 30 /PRNewswire/ -- Fahnestock & Co. Inc., manager of the underwriting group, announced today the initial public offering of 1,400,000 shares of Airport Systems International common stock at $10.25 per share. Of these shares, 700,000 are being offered by the company and 700,000 by the selling stockholders. The selling stockholders have granted the underwriters a 30-day option to purchase up to 210,000 additional shares to cover over-allotments, if any.
 Net proceeds to the company will be used to reduce debt, redeem preferred stock, and for general corporate purposes.
 The common stock of Airport Systems International will trade on the NASDAQ National Market System under the symbol ASII.
 Headquartered in Overland Park, Airport Systems International, Inc. designs, manufactures, markets and installs ground-based aircraft radio navigation equipment (navaids). Navaids provide approach-to-landing and en route guidance to aircraft, allowing safe navigation and landing in poor visibility conditions. Regulations by the United States Federal Aviation Administration and the International Civil Aviation Organization require that navaids be used worldwide at airports conducting all-weather operations.
 This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 For a copy of the prospectus relating to this offering, contact: Fahnestock & Co. Inc., Corporate Syndicate Department, 110 Wall Street, New York, NY 10005, (212-668-8163).
 -0- 11/30/93
 /CONTACT: Keith S. Cowan, president, or Thomas C. Cargin, chief financial officer, of Airport Systems International, 913-492-0861; or Lynn M. Snelgrove, executive vice president of Fahnestock & Co., 816-932-7029/
 (ASII)


CO: Airport Systems International, Inc. ST: Kansas IN: AIR SU: OFR

ML -- DE019 -- 8816 11/30/93 14:21 EST
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Publication:PR Newswire
Date:Nov 30, 1993
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