| Proposed Ticker: CTAI | 6116 Executive Boulevard | |
| Exchange: NASDAQ-National Market | Rockville, Maryland 20852 | |
| Industry: Manufacturing | (301) 816-1200 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 9/9/96 | |
| U.S. Shares Filed: | 2,400,000 | Filing Range: | $14.00 - $16.00 | |
| Non-U.S. Shares Filed: | 600,000 | Offering Amount: | $45,000,000 | |
| Primary Shares: | 3,000,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | 7,993,885 | |
| Manager | Tier | Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 640-6129 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Legg Mason Wood Walker, Inc. | Co-manager | (410) 539-3400 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $217.01 | $100.69 | $102.85 | Assets: | $95.05 |
| Net Income: | $1.95 | -$3.04 | $1.32 | Liabilities: | $69.59 |
| EPS: | $0.78 | -$0.66 | $0.31 | Equity: | $25.46 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| CTA designs, manufactures and integrates small communications and earth-sensing satellites, and provides advanced Information Technology services, principally to government customers. The convergence of CTA'a unique strengths in space, information systems an communications technologies has positioned the company to address space-based communications markets as a turn-key provider of complete satellite systems and has opened opportunities for the company as a wireless data service provider. In addition, the company is well-positioned for continued growth in the civil and commercial IT services markets. During the past three years, CTA's total revenues have increased from $125.1 million in 1993 to $217.0 million in 1995. At June 30, 1996, the company had a total backlog of approximately $535 million. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for i) development expenses and capital expenditures for the development of STARbus and INDOSTAR and the commercial rollout of GEMtrak, ii) the repayment of the company's subordinated notes and iii) other capital expenditures and general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.