Argon ST, Inc. Announces Contract Extension for Full Rate Production; Initial Option Exercised for Approx. $45.5 Million.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 received a contract extension for the third phase of a multi-year full rate production contract to provide sensor systems to the United States Government. This extension immediately exercises an option with an approximate value of $45.5 million to authorize the procurement of systems for FY06, and adds two option years for additional systems and services in FY07 and FY08. 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 shown confidence in our ability to deliver these highly complex yet cost-effective systems on an aggressive schedule. This contract extension enables us to continue to provide our customers with systems that have proven their operational effectiveness and reliability." 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 C4ISR Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance C4ISR Command, Control, Communications, Computer, Intelligence, Surveillance and Reconnaissance C4ISR Command Control Communications Computers Intelligence Surveillance and Reconnaissance ) 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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