|
|
Article: AEL Industries Inc. reports record revenues for its fiscal year ended Feb. 27, 1987.
- Article from:
- PR Newswire
- Article date:
- March 30, 1987
CopyrightCOPYRIGHT 1987 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
LANSDALE, Pa., March 30 /PRNewswire/ -- AEL Industries Inc. (NASDAQ-NMS: AELNA) today reported record revenues for its fiscal year year ended Feb. 27, 1987.
Dr. Leon Riebman, chairman and chief executive officer of this major supplier of electronic defense systems and subsystems, stated, "Fiscal 1987 was another year of sustained growth and progress at AEL and one in which significant gains were achieved in penetrating new defense electronics markets."
Revenues for the year rose to $108,382,000, up 3 percent over revenues of $104,909,000 reported for the previous fiscal year. "Although the growth in revenues in 1987 was modest compared to the 25 ...