Tuesday, January 11, 2011

Sypris Solutions (Nasdaq:SYPR): Airforce Contract Bumps Stock +26%

Sypris Solutions (Nasdaq:SYPR): Airforce Contract Bumps Stock +26%The U.S. Air Force selected an electronic key fill device made by Sypris Electronics LLC to protect access to its secure communications network. The Sypris device will be the sole replacement for the aging KYK-13 product formerly used by the Air Force, according to a news released from Sypris, a subsidiary of Louisville-based Sypris Solutions Inc. (Nasdaq: SYPR). The monetary value of the contract was not disclosed. The Sypris device, called Really Simple Key Loader, or RASKL, is an electronic key fill product used to load electronic keying data into secure communication equipment. The Air Force and other services participated with Sypris in the development stages of RASKL.


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