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ADA $1.70

Adacel: More good news

  1. Ousia

    708 Posts.
    5
    01/07/02
    12:16:00
    32134
     
    ADACEL TECHNOLOGIES LIMITED 2002-07-01 ASX-SIGNAL-G


    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
    COMPANY SECRETARY
    0
    Great analysis
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    ADA (ASX)
    Price at posting: 0.0¢
    Sentiment: None
    Disclosure: Not Held

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