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Derlan Industries Limited Awarded U.S. Aerospace Contract.

TORONTO--(BUSINESS WIRE)--Nov. 26, 1996--DERLAN INDUSTRIES LIMITED (TSE: DRL. DRL.PR.A.) announced today that its subsidiary Derlan Inc., of Santa Ana, California has been awarded a contract from the Sino Swearingen Aircraft Company to produce landing gear systems for the new SJ30-2 business jet.

Under the terms of the contract, Derlan Inc. will provide landing gear systems on an exclusive basis to Sino Swearingen for the life of the SJ30-2 program. The contract is the first received by Derlan Inc. in the general aviation landing gear market. The program value is estimated to be at approximately CDN $16.0 million with deliveries scheduled to commence in the second half of 1997.

Derlan Industries is a North American industrial corporation. Through 10 operating units, Derlan manufactures products for two industrial sectors: Industrial Technologies and Aerospace.

CONTACT: Derlan Industries Limited

J. David Williamson, 416/364-5852

jdw@derlan.com
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Publication:Business Wire
Date:Nov 26, 1996
Words:148
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