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SPECIAL DEVICES WINS NEW AEROSPACE BUSINESS; AWARDS TOTAL APPROXIMATELY $7 MILLION FOR THE TOW AND HELLFIRE MISSILE PROGRAMS

 NEWHALL, Calif., Nov. 15 /PRNewswire/ -- Special Devices Inc. has received a letter of award from the Missile Systems Division of Hughes Co. for the supply of a new patented safe and arm device to be incorporated in the TOW missile program. While final price has yet to be negotiated, the value of the contract is expected to exceed $5 million. Actual product deliveries are scheduled to begin in the third quarter of fiscal 1994 and continue over a 13-month period into fiscal 1995.
 Thomas Treinen, Special Devices' chairman and president, stated: "This new business from Hughes places us on another strong program and expands aerospace backlog by over $5 million. The company has a high level of expertise as a designer and manufacturer of initiators and safe and arm devices, and we are marketing very aggressively. With a thinning of competition in aerospace/defense, we believe we are well positioned to expand our market share for these devices."
 He continued: "We have received a $1.8 million contract from Thickol Corp. for the supply of a similar safe and arm device for the Hellfire missile program. Deliveries are expected to begin in February 1994 and continue for nine months.
 "Also, we recently received a patent on our new space launch safe and arm device and have qualified the product on the ATLAS program. SDI is now positioned to offer this device for Delta, Titan, Pegasus, and other booster programs.
 "Aerospace/defense is still an area of opportunity for us. As ground forces are cut and bases are closed, these high technology, `smart' missile programs become more important than ever. Aerospace provides us with a solid, profitable core business complementing the high growth of the automotive division. Our success in both areas reflects the quality of our technology, responsiveness, and performance."
 Special Devices Inc. is a major supplier of initiators for the rapidly growing automobile airbag market. These key components are incorporated in automotive airbag safety systems installed in models produced by Ford, General Motors, Chrysler, Honda, Toyota, and other leading automotive manufacturers. The company's Aerospace Division supplies components to prime government contractors for such important Department of Defense programs as PATRIOT, TOMAHAWK, AMRAAM, and others.
 -0- 11/15/93
 /CONTACT: Robert W. Benson, VP-finance and CFO, 805-259-0753 or 818-365-3171/


CO: Special Devices Inc.; Hughes Co. ST: California IN: ARO AUT SU: CON

MF-LS -- LA015 -- 4171 11/15/93 08:02 EST
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Publication:PR Newswire
Date:Nov 15, 1993
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