LevelStock.com: API awarded USD2.3m in new contracts from Raytheon Space and Airborne Systems

API Technologies Corp (OTCBB:ATNY.ob) has been awarded two separate contracts from Raytheon Space and Airborne Systems totalling approximately USD 2.3m.

Under the contracts, announced on Thursday, May 13th 2010, API will supply electro-mechanical enclosures, including electronic circuit cards for mission-critical laser targeting and imaging systems. Both orders will be manufactured at its Pennsylvania facility, API said.

API is a prime contractor in engineered systems, components and secure communications to the global defence and aerospace industry.

From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.

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