Argon ST, Inc. Receives Contract Award of $73.5M for Aerial Common Sensor Subsystem Development.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), today announced that its Reconnaissance Systems Group has received a contract award to design, develop and integrate a sensor subsystem for the Aerial Common Sensor The Lockheed Martin Aerial Common Sensor (ACS) platform was a reconnaissance aircraft airframe, for the United States Army and Navy. The aircraft would have been able to detect troop movements, intercept enemy communications and radar transmissions, and communicate with other (ACS (Asynchronous Communications Server) See network access server. ) platform totaling $73.5M. The contract is issued by Lockheed Martin, Integrated Systems and Solutions. ACS will replace the current Intelligence, Surveillance, Reconnaissance (ISR) aircraft, including the Army's Guardrail Common Sensor, the Airborne Reconnaissance Low aircraft and the Navy's fleet of EP-3 aircraft. As part of the Lockheed Martin ACS Team, the Argon ST subsystem will provide key intelligence information that will provide U.S. Army and U.S. Navy commanders with persistent 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. capability. This award supports the first phase of the contract for System Development and Demonstration (SDD (Software Design Description) The architecture of an information system. See IDD. ) culminating in the delivery of five certified, mission-ready airborne subsystems to support initial testing planned for 2006. Terry Collins, Chairman and 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. of Argon ST, Inc., stated, "The contract award represents a milestone for Argon ST as it further diversifies our presence into the latest new airborne platform proposed for joint service use. In addition, the ACS program will be a key component in providing the battlespace commander with real time decision quality information. With the open architecture framework, our system will be software upgradeable to ensure compatibility with the Army's Future Combat System." Mr. Collins further stated, "The timing of this award is still consistent with our planning for our fiscal year 05 performance. We have been preparing the necessary infrastructure and staff to meet Lockheed Martin's schedule of performance in anticipation of the contract signing." Argon ST designs, develops, and manufactures systems and sensors for the Command and Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (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 ESM (Electronic Support Measures), EW (Electronic Warfare), imaging, and acoustic systems serving domestic and worldwide markets. |
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