FAIRFAX, Va., May 20, 2009 (BUSINESS WIRE) -- Argon ST, Inc. (NASDAQ:STST), a leading systems engineering, development
and services company providing full-service C5ISR (command, control,
communications, computers, combat systems, intelligence, surveillance
and reconnaissance) systems and services to a wide range of defense and
intelligence customers, was awarded a contract for Phase 2A of the
Robust Surface Navigation (RSN) program with Options for Phase 2B and 2C
from the Defense Advanced Research Projects Agency (DARPA) Strategic
The initial Phase 2A base contract is worth approximately $6.5M and was
awarded after the successful completion of Phase 1 of the RSN program.
Argon was initially selected in 2008 by DARPA to develop new and
innovative algorithms for mitigating multi-path signal errors and signal
blockage that occurs in urban canyons and indoor environments.
Advancements made by the Argon team during Phase 1 and the subsequent
demonstrations to be made during Phase 2B will ultimately enable U.S.
military operations to have GPS-level navigation functions in GPS-denied
areas using radio frequency signals of opportunity.
"In today's technology-laden combat arenas the importance of developing
alternate technologies to GPS for precision positioning and navigation
has never been more critical," said Kerry Rowe, President and Chief
Operating Officer, Argon ST. "We are committed to helping solve the
fundamental problem of navigation and geolocation in GPS-denied or
-degraded areas, especially in the difficult environments inside
buildings and in urban canyons. Technologies being developed by the
Argon team for DARPA will help our forces maintain that advantage.
"A prime corporate objective for 2009 was to maintain our momentum on
our key programs with excellent execution and to leverage that execution
into expanded roles on future efforts. This award is indicative of the
progress we have seen so far this year on this front. We are very proud
that DARPA, the central research and development office for the U.S.
Department of Defense, continues to rely on Argon for such an important
Argon ST has selected Honeywell Laboratories, Minneapolis, MN; Ticom
Geomatics, Austin, TX; and The Charles Stark Draper Laboratory,
Cambridge, MA, to provide supporting software and engineering services
in connection with the project.
About Argon ST, Inc.
Argon ST, Inc. designs, develops, and produces systems and sensors for
the Command, Control, Communications, Computers, Combat Systems,
Intelligence, Surveillance, and Reconnaissance (C5ISR) markets including
SIGINT (Signals Intelligence), ESM (Electronic Support Measures), EW
(Electronic Warfare), IO (Information Operations), imaging, and acoustic
systems serving domestic and international markets.
Statements in this press release which are not historical facts are
forward-looking statements under the provision of the Private Securities
Litigation Reform Act of 1995. These statements may contain words such
as "expects", "could", "believes", "estimates", "intends", "may",
"envisions", "targets" or other similar words. Forward-looking
statements are not guarantees of future performance and are based upon
numerous assumptions about future conditions that could prove not to be
accurate. Forward-looking statements are subject to numerous risks and
uncertainties, including without limitation the risks and uncertainties
identified in the reports filed by the Company with the Securities and
Exchange Commission (including the Company's Form 10-K for the fiscal
year ended September 30, 2008). Some of these specific risks, although
not all, are: the availability of both commercial and governmental
funding for the Company's products and services; changes in the U.S.
federal government procurement laws, regulations, and policies; the
number, length and type of contracts and task orders awarded to the
Company by its commercial and governmental customers; difficulties in
developing and producing operationally advanced technology systems; the
timing and customer acceptance of contract deliverables; the Company's
ability to attract and retain qualified personnel, including personnel
with appropriate security clearances; charges from any future impairment
reviews; the future impact of any acquisitions or divestitures the
Company may make; the competitive environment for information technology
products and services; general economic, business and political
conditions nationally and internationally, including federal budgetary
priorities; and other factors affecting the Company's business that are
beyond its control. All of the forward-looking statements should be
considered in light of these factors. Investors should not put undue
reliance on any forward-looking statements. We undertake no obligation
to update these forward-looking statements to reflect new information,
future events or otherwise.
SOURCE: Argon ST, Inc.
Argon ST, Inc.
Aaron Daniels, 703-995-5610
Lori Hughes, 703-995-5610