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Northstar Electronics, Inc. (OTCBB:NEIK), announces that its
wholly owned subsidiary, Northstar Network Ltd., has received its
first work order under a Master Purchase Order (MPO) contract with
Lockheed Martin Aeronautics, which was announced on May 3, 2007.
The current work order, valued at U.S. $775,000, calls for
Northstar to manufacture parts for Lockheed Martin's service life
extension kits for the Norwegian Air Force's P3 Orion maritime patrol
aircraft.
About Northstar Electronics
Northstar Electronics, Inc. (OTCBB:NEIK) is the parent company of
Northstar Network Ltd. and Northstar Technical Inc.
Northstar Network Ltd. is a system integrator and supply chain
manager that, together with its 25+ affiliated companies and
educational institutions, offers industry-leading capabilities in
systems integration, precision machining, electronic contract
manufacturing, e-learning and information technology.
Northstar Technical Inc. is a developer of advanced sonar
technology products for the defence, commercial fishing and offshore
petroleum industries. The company is also an advanced electronics
contract manufacturer.
About Lockheed Martin
Headquartered in Bethesda, Md., Lockheed Martin employs about
140,000 people worldwide and is principally engaged in the research,
design, development, manufacture, integration and sustainment of
advanced technology systems, products and services. The corporation
reported 2006 sales of $39.6 billion.
Safe Harbor:
Note: Included in this release are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1993, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and is subject to the safe harbor created by those sections.
Although the Company believes such expectations reflected in such
forward-looking statements are reasonable, it can give no assurance
that such expectations reflected in such forward-looking statements
will prove correct. The Company's actual results could differ
materially from those anticipated in the forward-looking statements as
a result of certain internal and external factors.
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