Press Releases
FOR IMMEDIATE RELEASE
October 29, 2003
Butler National Corporation Announces New Order For
Up To $2 Million
From Alliant Techsystems, Inc.
Company to Engineer Upgrades for Bushmaster Chain-Gun Integrated
Electronic Control
[Olathe, Kansas, October 29, 2003] Butler
National Corporation (OTC Bulletin Board "BUKS"),
announces its Defense Contracting & Electronics segment
in Tempe, AZ, was awarded a contract for up to $2 million
from Alliant Techsystems, Inc., Mesa, AZ. (NYSE: ATK).
The contract requires engineering upgrades for the Bushmaster?
Chain-Gun? Integrated Electronic Control Products. ATK, formerly
the Ordnance Division of The Boeing Company, Mesa, (NYSE:
BA) developed the Chain-Gun family of electronically controlled
7.62 mm to 40 mm cannons used on the Apache Helicopters and
other US and Allied countries weapon systems.
Electronically driven systems enhance weapons operations
by offering selectable rate of fire; cartridge feed selection,
and safety management. Butler produces similar gun control
products for the Apache and Longbow Helicopters built by The
Boeing Company of Mesa, AZ.
Mr. Clark Stewart, President and Chief Executive Officer
of Butler National Corporation said, "We are pleased
to be awarded the contract from ATK. Our people in Arizona
worked hard to earn this contract. This is a logical continuation
of Butler's evolving expertise in the control of electronic
projectile firing weapons. As the Army's Future Combat Systems
(FCS) manned and unmanned programs are implemented, Butler
anticipates that more electronically controlled weapons will
replace older mechanical designs. We expect the initial value
of the contract to be between one and two million dollars
with delivery starting in fiscal 2004."
Butler's Defense Contracting & Electronics segment supplies
defense and commercial aviation products to Boeing and other
defense-oriented companies. Examples are Gun Control Units
for the Apache Helicopter and Hangfire Override Modules for
all Boeing derived Chain-Gun cannons, and various ordnance
related firing controls, cabling and test equipment.
Our Business:
Butler National Corporation operates in the Aerospace and
Services business segments. The Aerospace segment focuses
on the manufacturing of support systems for "Classic"
commercial and military aircraft including the Butler National
TSD for Boeing 737 and 747 Classic aircraft, switching equipment
for Boeing/Douglas Aircraft, weapon control systems for Boeing
Helicopter and performance enhancement structural modifications
for Learjet, Cessna, Dessault and Raytheon business aircraft.
Services include electronic monitoring of water pumping stations,
temporary employee services, Indian gaming services and administrative
management services.
Forward-Looking Information:
The information set forth above may include "forward-looking"
information as outlined in the Private Securities Litigation
Reform Act of 1995. The Cautionary Statements, filed by the
Company as Exhibit 99 to the Company's Annual Report on Form
10-K, are incorporated herein by reference and investors are
specifically referred to such Cautionary Statements for discussion
of factors, which could affect the Company's operations, and
forward-looking statements contained herein.
FOR MORE INFORMATION CONTACT:
William A. Griffith, Investor Relations
Butler National Corporation
19920 W. 161st Street
Olathe, KS 66062 Ph: 913-780-9595
Fax: 913-780-5088
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