04:14 PM EST - Star Navigation Systems Group Ltd. : announced that it has entered into an agreement with Shaheen Air International to install Star's In-Flight Safety Monitoring system on one of Shaheen's Boeing 737-200/300 aircraft, on a performance evaluation and configuration basis. The evaluation period will is for 90 days and will begin once the Operational STC is issued. Upon successful completion, Shaheen will purchase the installed unit and place orders for 11 additional systems. The contact, if completed, will be valued at approximately approximately USD 2,400,000 including additional fees.
shares V.SNA are trading up .005 at $0.23.
