Aerosonic Corporation (NYSE AMEX:AIM), a leading supplier of precision
flight instruments for commercial, business and military aircraft, today
announced that it has received a new contract award from the Defense
Logistics Agency with a total potential value of $15.4 million. The
contract is to supply AAU/31A Altimeters in support of the US Army
Aviation Command. The order includes an initial delivery requirement
valued at $3.5 million followed by options over the next two years.
Deliveries will begin immediately on the initial delivery requirement.
In addition to this recently awarded contract to supply AAU/31A
Altimeters, the Company also received new orders during the third
quarter totaling $17.4 million, not including options. These orders are
expected to be delivered over the next three years and includes products
and services for both domestic and international programs.
"The company has won a number of development and production contracts in
recent months, a testimony to the hard work of the team and the
increasing value we provide to our customers,” noted Doug Hillman,
President and CEO.
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.
