Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: SATURDAY, July 10, 1993 TAG: 9307120224
SECTION: BUSINESS PAGE: A-4 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
ITT Electro-Optical Products Division has received a $6 million contract from the U.S. Air Force Material Command for design of a new night vision system for use in high-performance aircraft equipped with ejection seats.
The system is helmet-mounted and lightweight to meet requirements of pilots who fly tanker, bomber and fighter aircraft. It will be designed to be the most lightweight, ejection-safe goggle available for use by plane and helicopter pilots.
Neil Gallagher, vice president at the Roanoke plant, said he looks forward to creating with the Air Force the kind of record it has enjoyed for years with the Army. The 13-month contract is the first phase of a three-phase program. - Staff report
5 companies seek liquidation in court
A Christiansburg company has filed for reorganization under the protection of federal bankruptcy laws.
C-Store Management Inc., operating as Junction Express, Roland Oil Co., I-77 Truck Stop and I-81 Texaco, said in its petition in U.S. Bankruptcy Court in Roanoke that both its assets and liabilities exceed a million dollars.
Four other businesses filed for liquidation. They are:
Samuel Robert Ferguson Jr. and Pamela S. Ferguson of Roanoke, trading as Lube Time of Vinton Partnership, listing assets of $64,450 and liabilities of $110,026.
Cobbler Express-Tanglewood Inc. of Roanoke, doing business as Shoe Fixer. The involuntary petition for liquidation was filed by creditors and no accounting of assets and liabilities was given.
Peter John Canney of Roanoke, trading as Computers Computers Computers. Assets were $82,701 and liabilities were $120,182.
James Douglas Grierson III of Bristol, trading as JDG Enterprises, a computer service, with assets of $8,200 and liabilities of $67,771.
- Staff report
Briefly . . .
\ Kane's Communication Systems Inc. of Roanoke has been awarded a three-year service contract for maintenance of the radio equipment at the Blacksburg police department.
\ Stanley Furniture Co. of Stanleytown has won the Sears Merchandise Group Chairman's Quality Award for defect-free products, on-time shipping and commitment to a quality management program in the manufacturing of its Masterpiece dining collection. Stanley is one of Sears' top seven sources for merchandise. The Henry County company also was one of 68 companies Sears selected as winners of its "Partners in Progress" award, which recognizes quality of merchandise and service.
by CNB