Aerosonic Announces New Order From Korea Aerospace Industries
Aerosonic Corporation (AMEX:AIM), a leading supplier of precision flight products for commercial, business and military aircraft, today announced that it has received a new purchase order from Korea Aerospace Industries Ltd. ("KAI") in support of its T50 Golden Eagle jet trainer sale to Indonesia. The order is to supply air data systems that include its integrated multifunction probe ("IMFP") and related equipment for the production of the jet trainer aircraft. These additional shipments to KAI will begin in March 2012, and are planned to ship concurrently with existing orders.
The IMFP provides angle of attack, air data sensing and pressure sensing for military aircraft in one probe, reducing flight management system complexity on military aircraft. It is currently installed on several military aircraft.
"We are proud to play a role and share in the success of the T50 program and this very important win for KAI in their first international T50 export sale," commented Doug Hillman, President and Chief Executive Officer. "This order provides us with a significant increase in our backlog for one of our technologically advanced products in a growing segment of the military market, and further strengthens our relationship with a valued customer."
Aerosonic Corporation, headquartered in Clearwater, Florida, is principally engaged in the manufacture of aviation products. For additional information, visit the Company's website at www.aerosonic.com.This document contains statements that constitute "forward-looking" statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. "Forward-looking" statements contained in this document include the intent, belief or current expectations of the Company and its senior management team with respect to future actions by officers and directors of the Company, prospects of the Company's operations, profits from future operations, overall future business prospects and long term stockholder value, as well as the assumptions upon which such statements are based. Investors are cautioned that any such forward-looking statements are not guarantees of future performance, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors that could cause actual results to differ materially from those contemplated by the forward-looking statements in this document include, but are not limited to, adverse developments involving operations of the Company's business units, failure to meet operating objectives or to execute the business plan, and the failure to reach revenue or profit projections. The Company undertakes no obligation to update or revise the forward-looking statements contained in this document to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results over time.
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