Aerosonic Announces New Order From Defense Logistics Agency
Aerosonic Corporation (NYSE AMEX:AIM), a leading supplier of precision flight products for commercial, business and military aircraft, today announced that it has received a new contract award from Defense Logistics Agency in support of the US Army Aviation Command. The contract is to supply AAU/32A Encoding Altimeters used on the UH60 Blackhawk and OH58 Helicopter Fleet. The order includes options for two years beyond the initial delivery order. Deliveries will begin immediately on the initial delivery requirement valued at $1.1 million followed by options over the next two years for a total potential value of $4.6 million.
The AAU/32A encoding altimeter provides indication of aircraft altitude to the cockpit as well as the aircraft transponder for tower and ground altitude reporting.
"This altimeter plays a critical role in the safe operation of the aircraft. It serves as standard equipment on aircraft that are scheduled to remain in service for many years to come. We are proud to participate in maintaining the readiness of this fleet and the important role they play in our national security and defense," commented Mark Perkins, Executive Vice President of Sales and Marketing.
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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV