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OEA SELECTED FOR JAPAN'S FSX AIRCRAFT PROGRAM

 OEA SELECTED FOR JAPAN'S FSX AIRCRAFT PROGRAM
 DENVER, June 3 /PRNewswire/ -- Ahmed D. Kafadar, chairman and


chief executive officer of OEA Inc. (NYSE: OEA), the Denver-based, high-technology manufacturer of aerospace and automotive safety products, reported that OEA has been selected by DAICEL Chemical Industries Ltd., Tokyo, for participation in the development phase of the escape system for Japan's new FSX aircraft.
 OEA's participation will include a technology transfer agreement for various OEA developed and qualified devices, and direct sales to DAICEL of 12 other pyrotechnic devices. Financial terms were not disclosed; however, agreements are currently being finalized and initial revenues are expected within three months.
 Kafadar also noted that the first installment on the previously announced (June 11, 1991) OEA/DAICEL technology transfer and manufacturing agreement for OEA's air bag initiators is expected to be received during the current quarter. Additional installments, as well as variable payments for initiators manufactured under the agreement will continue for a number of years.
 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 air bag.
 -0- 6/3/92
 /CONTACT: A. D. Kafadar or C. B. Kafadar or J. E. Banko all of OEA, 303-693-1248/
 (OEA) CO: OEA Inc. ST: Colorado IN: AUT ARO SU:


BB-MC -- DV006 -- 6278 06/03/92 11:23 EDT
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Publication:PR Newswire
Date:Jun 3, 1992
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