Analysis & Technology, Inc. Awarded $46.9 Million Contract With Naval Undersea Warfare Center.
--Also Awarded $5.5 Million Subcontract by Presearch Incorporated--
Analysis & Technology, Inc. (Nasdaq: AATI), a leading developer of engineering technologies and technology-based training solutions, announced today that it has been awarded a contract with the Naval Undersea Warfare Center Division Newport (NUWC) for in-service engineering support for submarine periscope and electromagnetic (low frequency communications) systems. If all options are exercised during a five-year period, this multi-award, indefinite-delivery/indefinite-quantity contract is valued at $46.9 million. The Company also announced today that it has been awarded a subcontract by Presearch Incorporated of Fairfax, Virginia, under its $35 million prime contract. The potential value to Analysis & Technology is $5.5 million over five years. Work will be performed primarily in Analysis & Technology's Arlington, Virginia office.
Under the contract with the Naval Undersea Warfare Center Division Newport, Analysis & Technology and its subcontractors will maintain operational readiness for submarine electromagnetic systems and provide engineering services to design, develop, and fabricate prototype electromagnetic systems and system components for at sea evaluation. The contract is a continuation of work the Company has performed for the past 15 years. The focus for engineering improvements developed under the contract will be commercial off-the-shelf technology, in order to expedite the delivery of system solutions to the Fleet. In addition, Analysis & Technology will develop and conduct operator training for electromagnetic systems. The contract solicitation allowed for a multiple award but only one to Analysis & Technology has been made to date.
Gary P. Bennett, chairman and chief executive officer of Analysis & Technology, said, "We are pleased by the continued contracts awarded by Code 34 at NUWC, a key customer. Submarine electromagnetic systems are a key component of the Navy's battleforce connectivity initiative, where battlespace dominance is tied to the communication of critical information throughout the fleet. These are mission-critical systems, which must work flawlessly when needed. "
Under the subcontract with Presearch, Analysis & Technology's Integrated Performance Decisions (IPD) business unit will support research on work at the Prototype Development Facility of the Naval Surface Warfare Center (NSWC) Carderock Division. NSWC develops software producing interactive simulations of meteorological and oceanographic environments, modeling how radar, sonar, and optics systems would operate under such conditions. Much of the effort under the contract will be directed at improvements to the Interactive Multisensor Analysis Training (IMAT) system. IMAT simulates sensor performance in real-time based on actual data, not preprogrammed training scenarios, so that trainees must react to continually changing situations. IMAT utilizes commercial off-the-shelf (COTS) technology for its processor and 3D displays.
Analysis & Technology, Inc. creates technology-based solutions through engineering and information technologies. Its subsidiary, Interactive Media Corp., creates Web and technology-based training using leading-edge multimedia technologies.
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|Date:||Oct 23, 1998|
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