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ADA $1.70

Adacel: More good news

  1. Ousia

    708 Posts.

    HOMEX - Melbourne

    The Company encloses for immediate release to the market the
    following information:

    Adacel has been advised that the first phase of the US Air Force
    Tower Simulation System Program has been increased by more than A$1
    million to approximately A$5.4 million (US$3 million).

    The USAF program is for a planned 94 ATC simulation systems to be
    installed in USAF sites throughout the world, and is estimated at a
    total US$72.5 million.

    Delivery of the first phase of the USAF program is planned for
    completion by September 2002, with rollout of the larger follow-on
    phases planned to commence by the end of December.

    E Turner

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