Anteon Awarded $25.7M Contract by U.S. Navy Naval Sea Systems Command to Support Mine Countermeasures Class Ships.FAIRFAX, Va. -- Anteon International Corporation (NYSE NYSE See: New York Stock Exchange :ANT), a leading information technology systems integration and engineering services company, today announced that it has been awarded a contract by the U.S. Navy's Naval Sea Systems Command The Naval Sea Systems Command (NAVSEA) is the largest of the U.S. Navy's five "systems commands," or materiel organizations. NAVSEA consists of four shipyards, eight "warfare centers" (two undersea and six surface), four major shipbuilding locations and the NAVSEA headquarters, to support Mine Countermeasures All methods for preventing or reducing damage or danger from mines. Also called MCM. (MCM (MultiChip Module or MicroChip Module) A chip package that contains several bare chips mounted close together on a substrate (base) of some kind. ) Class Ships homeported in Ingleside, Texas Ingleside is a town in San Patricio County in Texas, United States. The population was 9,388 at the 2000 census. Ingleside is also home to Naval Station Ingleside. On August 24, 2005, the BRAC Committee voted to close the base. and forward deployed to Bahrain and Japan. The estimated value of this contract, if all options are exercised, is $25.7 million over a five-year period of performance. "This contract award represents another key element to Anteon's comprehensive support of the Navy's modernization effort. We continue to grow Anteon's mission support across the breadth of the U.S. Navy's ship repair and modernization programs," stated Dan Johnson Dan Johnson may refer to:
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "These Naval Sea Systems Command and MCM programs are critical for the Navy's success and its improved combat readiness Synonymous with operational readiness, with respect to missions or functions performed in combat. around the world. We are in full support of the Navy's Sea Power 21 strategy, helping to increase the Navy's ability to surge its ships in combat ready condition." MCM class ships are designed to clear mines from vital waterways. Avenger (MCM 1) class ships are designed as mine hunter-killers capable of finding, classifying, and destroying moored and bottom mines, using sonar and video systems, cable cutters and mine-detonating devices that release and detonate det·o·nate intr. & tr.v. det·o·nat·ed, det·o·nat·ing, det·o·nates To explode or cause to explode. [Latin d via remote control. Under the contract, Anteon will perform execution planning, maintenance, repair, and alterations to MCM ships. Specifically, Anteon will provide general ship alterations, emergency alterations, ordinance alteration, alterations equivalent to repair, and emergent repairs for the MCM ships. About Anteon Anteon, headquartered in Fairfax, Virginia, is a leading information technology company serving the U.S. Federal government and international customers. Anteon designs, integrates, maintains, and upgrades state-of-the-art systems for national defense, intelligence, homeland security, and other high priority government missions. Anteon provides government clients with the systems integration, strategy and program management, systems engineering, operations services, and simulation and training skills necessary to manage the development and operations of their mission critical systems. The Company was founded in 1976 and currently employs over 9,300 employees in more than 100 offices worldwide. Anteon consistently ranks among the top information technology integrators based on independent surveys, and has been named to the Forbes List of the 400 Best Big Companies in 2005, earning distinction on the Forbes Platinum List. Anteon is listed on the Standards & Poor's MidCap 400 Index. For more information, visit www.anteon.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, forward-looking statements. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "projects," "anticipates," "believes," "estimates," "expects," "plans," "intends," and similar expressions. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals are also forward-looking statements. The risks and uncertainties involving forward- looking statements include the Company's dependence on continued funding of U.S. government programs, government contract procurement and termination risks, including risks associated with bid protests, and other risks described in the Company's Securities and Exchange Commission filings. These statements reflect the Company's current beliefs and are based upon information currently available to it. Be advised that developments subsequent to this release are likely to cause these statements to become outdated with the passage of time. The Company does not currently intend, however, to update the guidance provided today prior to its next earnings release. |
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