Argon ST, Inc. Announces Contract Award for Ship's Signal Exploitation Equipment (SSEE) Increment F, Initial Option Exercised for $52.8M.FAIRFAX, Va. -- Argon ST, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :STST), announced today that it has been awarded the Ship's Signal Exploitation Equipment (SSEE) Increment F contract for the development and delivery of sensor systems to the United States Navy United States Navy Major branch of the U.S. military forces, charged with defending the nation at sea and maintaining security on the seas wherever U.S. interests extend. The Continental Navy was established by the Continental Congress in 1775. . The base effort under this award is for a 30-month effort valued at $52.8M. The contract also includes priced options to allow the Government to procure additional development systems and production units over a 5 year period beginning in 2009. Terry Collins, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President of Argon ST, Inc. stated, "We are very pleased that the Government has selected us for award under this competitive procurement. Performance of the SSEE Increment F contract will allow us to leverage our efforts from the SSEE Increment E contract to develop our next generation of sensor systems." For this new award, Argon ST is the prime contractor leading a team that includes Raytheon Company, Cubic Defense Applications, TICOM Geomatics, Northrop Grumman TASC, Digital Receiver Technology, and ARINC Engineering Services. Argon ST designs, develops, and produces systems and sensors for the Command and Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance An activity that synchronizes and integrates the planning and operation of sensors, assets, and processing, exploitation, and dissemination systems in direct support of current and future operations. This is an integrated intelligence and operations function. Also called ISR. (C4ISR) markets including SIGINT Noun 1. SIGINT - intelligence information gathered from communications intelligence or electronics intelligence or telemetry intelligence signals intelligence (signals intelligence), ESM (Electronic Support Measures), EW (Electronic Warfare), imaging, and acoustic systems serving domestic and worldwide markets. |
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