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OEA, Inc. First-Quarter Results Will Fall Short of Expectations

26 November 1997

OEA, Inc. First-Quarter Results Will Fall Short of Expectations

    DENVER, Nov. 26, -- OEA, Inc. , a Denver,
Colorado, high-technology manufacturer of automotive safety and aerospace
products announced that its first-quarter results will fall short of
expectations.
    Ahmed D. Kafadar, Chairman and Chief Executive Officer, announced that
first quarter sales and earnings will fall below expectations due to higher
costs of the ramp-up of OEA's four new production lines and continued customer
program delays.  Earnings per share are anticipated to be approximately $.30
per share and sales approximately $57 million.  Final first-quarter results
will be released the first week in December.
    OEA is a leading manufacturer of air bag initiators and a major supplier
of air bag inflators.  OEA is also a leader in the design and manufacture of
personnel escape systems for military aircraft and high-reliability devices
for missile and space applications.

SOURCE  OEA, Inc.