FAIRFAX, Va.--(BUSINESS WIRE)--Sep. 17, 2009--
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, today announced that it was awarded
a $49.7M cost-plus-fixed-fee contract for research, development, and
analysis, to produce Command, Control, Communications, Computers,
Intelligence, Surveillance, and Reconnaissance (C4ISR) system
architecture in support of electro-optical, radio frequency, acoustic
sensors, and special sensor systems for the U.S. Navy. This contract is
expected to be completed over the next three years and initial funding
is approximately $5.4 million.
“The ISR market is a strategically important part of our business. This
contract enables development of important technologies and systems in
support of warfighters as well as protection of U.S. forces, facilities,
and borders,” stated Kerry Rowe, President and Chief Operating Officer,
Argon ST, Inc.
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.