Message #7 From:
NewsBot Date: December 19, 2006 07:00:00 AM
AIM News Aerosonic Expands its International Reach Receiving Order for Air Data Systems from Korean Aerospace Company
CLEARWATER, Fla.--(BUSINESS WIRE)--Aerosonic Corporation (AMEX:AIM), a leading supplier of precision flight
products for commercial, business and military aircraft, today announced
that Avionics Specialties, Inc., Aerosonic’s
wholly-owned subsidiary, has received a $7.5 million order from Korea
Aerospace Industries Limited (“KAI”)
to supply air data systems that include its integrated multifunction
probe (“IMFP”) and
related equipment for the production of KAI’s
T50 aircraft. Shipments to KAI are expected to occur over a three-year
period beginning in September 2007.
The IMFP provides angle of attack, air data sensing and pressure sensing
for military aircraft in one probe, reducing the flight management
system complexity on military aircraft, and is currently installed on
the KAI T50 military trainer as well as the F16 Block 60 jet fighter and
the M346 military trainer.
“We are pleased to have secured this order
from KAI for delivery of our air data systems for their T50 program,”
commented David Baldini, Chairman, President and Chief Executive
Officer. “This order provides us with further
market penetration 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. Locations
of the Company include Clearwater, Florida and Earlysville, Virginia.
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 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.
