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COMPTEK ANNOUNCES 100 PERCENT STOCK DIVIDEND AND INCREASES ITS CASH DIVIDEND BY 33 PERCENT

 COMPTEK ANNOUNCES 100 PERCENT STOCK DIVIDEND
 AND INCREASES ITS CASH DIVIDEND BY 33 PERCENT
 BUFFALO, N.Y., March 20 /PRNewswire/ -- The board of directors of Comptek Research, Inc. (AMEX/BSE: CTK) has authorized a two-for-one stock split in the form of a 100 percent stock dividend, which is payable on May 15, 1992, to shareholders of record as of April 17, 1992. Approximately four million shares will be outstanding after the split.
 The board also voted to increase the quarterly cash dividend, which will be $0.04 per share after the split. This represents a 33-1/3 percent increase in the cash dividend. The dividend will be payable on June 6, 1992, to shareholders of record as of May 15, 1992.
 "The stock split will make Comptek's stock available to a wider range of investors," stated Dr. John R. Cummings, Comptek's chairman, president, and chief executive officer. "The increase in the cash dividend reflects the board's confidence in the company's outlook.
 "Business in our commercial divisions, particularly in telecommunications, is gaining momentum," Cummings continued. "We expect considerable growth in this area in fiscal 1993, which begins on April 1, 1992. In addition, our defense electronics division continues to perform well by focusing on providing cost-effective, advanced technical solutions and programs."
 Comptek Research, Inc., with 13 offices and subsidiary locations in the United States, develops command, control, communications and intelligence systems and electronic warfare systems, primarily for the Department of Defense. Comptek, through its commercial subsidiary, also provides telecommunications transmission systems and services. Other related activities include providing specialized technical services and the manufacturing of precision electronics for commercial applications.
 -0- 3/20/92
 /CONTACT: Christopher A. Head, vice president of Comptek Research, Inc., 716-842-2700; or Stanley Berger or Douglas A. Fox (investor relations), both of SM Berger & Co., 216-464-6400, for Comptek Research/
 (CTK) CO: Comptek Research, Inc. ST: New York IN: ARO SU: DIV


KK -- CL003 -- 9960 03/20/92 07:59 EST
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Publication:PR Newswire
Date:Mar 20, 1992
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