Lockheed Awards White $2.150 Million Order for Various Military Programs

Business Wire, Sept 21, 1999

PHOENIX, Az--(BUSINESS WIRE)--Sept. 21, 1999--

White Electronic Designs Corporation (AMEX: WHT) today announced that its High Reliability Products Division has received a $2.150 million program from Lockheed Corp. The majority of the contract is for a micro-computer co-developed by Lockheed and White that performs systems integration and has been designed into the avionics of a foreign military aircraft. The balance of the contract specifies a variety of semiconductor products, all shippable in White's FY 00, that will be used in numerous defense programs.

White's President and CEO, Hamid Shokrgozar, commented, "White's expertise in combining memory and processor-based technologies into a single, extremely reliable package is in increasing demand from both the military and commercial marketplaces. High speed space-saving modules that increase performance of critical military and commercial systems has made White a supplier of choice for the country's leading defense and commercial contractors."

White Electronic Designs Corp. designs, engineers and manufactures critical products used in three high technology sectors in both the commercial and military markets: For Internet and Broadband data and telecommunications applications; Ruggedized high-legibility flat panel displays for commercial /military display applications; and electromechanical assemblies for OEM's in commercial and military applications. Headquartered in Phoenix, Arizona, the Company has manufacturing facilities in Arizona, Massachusetts and Indiana. Additional information about White Electronic Designs Corporation is located at http://www.whiteedc.com

This news release may contain forward-looking statements. Future results of operations, which relate to this release involve certain risks and uncertainties, including but not limited to the company's ability to further commercialize their technology or to compete with other technologies from suppliers with greater resources than those of the company.