Argon ST, Inc. Announces Production Systems Option Exercise for Approx. $6.9 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 modification to exercise options for additional production delivery of ISR systems to the United States Government. The modification exercised several options with an approximate value of $6.9 million. The work will be accomplished at Argon ST's Fairfax, Virginia facility over the coming eight months. 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 continued confidence in our ability to produce these highly flexible, modern and low-cost ISR systems. These systems provide the Government significantly increased capabilities while reducing the system size, weight and power envelope." Argon ST, Inc. 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), IO (Information Operations), imaging, and acoustic systems serving domestic and international markets. |
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