Key Developments For Phazar Corp
Phazar Corp (ANTP.O) (Consolidated Issue listed on NASDAQ Capital Market)
PHAZAR Corp.'s Antenna Products Corp. Wins FAA Contract
PHAZAR Corp. announced that Antenna Products Corp., a wholly owned subsidiary, has been awarded an Indefinite Delivery, Indefinite Quantity (IDIQ) contract from the Federal Aviation Administration (FAA) for the production of Mark 20 log periodic dipole (LPD) antennas for replacement of existing Mark 20A LPD antennas. The antennas are used in the localizer portion of an Instrument Landing System (ILS). The localizer provides aircraft a reference to the centerline of a runway during an approach for landing. The contract is for a base year with four option years with a potential value of $3,000,000. The equipment will be manufactured at Antenna Products Corporation's plant in Mineral Wells, Texas.
PHAZAR Corp. Announces Share Repurchase Program
PHAZAR Corp. announced that at a regularly scheduled meeting, the Board of Directors of PHAZAR CORP authorized a share repurchase program, not to exceed $1,000,000. The resolution permits the Company to purchase common shares in open market transactions from time to time.
PHAZAR Corp. Appoints Garland P. Asher As Chairman, President And Chief Executive Officer
PHAZAR Corp. announced the appointment of Garland P. Asher as Chairman, President and Chief Executive Officer for the Company, effective September 9, 2008.
PHAZAR Corp. Announces Resignation Of President, Chief Executive Officer And Chairman- Form 8K
PHAZAR Corp. announced in its Form 8-K that on July 11, 2008, James Miles resigned as President and Chief Executive Officer of the Company in order to devote more time to other unrelated business and personal investment interests. James Miles also resigned as Chairman of the Company.
PHAZAR Corp. Appoints Deborah A. Inzer As Chief Financial Officer
PHAZAR Corp. announced the appointment of Deborah A. Inzer, as Vice President and Chief Financial Officer for the Company, effective March 24, 2008. Clark D. Wraight has been serving in the capacity of Chief Financial Officer and Chief Operating Officer. Mr. Wraight will continue to serve as the Chief Operating Officer and Vice President and Secretary of the Company.
