LORAL AWARDED CONTRACTS FOR WEAPONS GUIDANCE AND TARGETING DEMONSTRATION UNDER JAST PROGRAM.LITCHFIELD, Ariz.--(BUSINESS WIRE)--June 8, 1995--Loral Defense Systems-Arizona, a division of Loral Corporation Loral Corporation was a small Bronx defense contractor on the verge of bankruptcy when in 1972 it was acquired by Bernard Schwartz, who over the course of the next two decades built it into a major player in the global aerospace and defense industry, acquiring sixteen other defense (NYSE NYSE See: New York Stock Exchange :LOR LOR Letter Of Reprimand (military) LoR Lord of the Rings (J.R.R. Tolkien) LOR Learning Object Repository LOR Linux.Org. ), has been awarded contracts valued at approximately $1 million to supply equipment for a weapons guidance and targeting demonstration for the Joint Advanced Strike Technology (JAST) program. Under one contract, Loral Defense Systems-Arizona will provide mission planning capabilities and electronic equipment to be used with a LADAR LADAR Laser Radar LADAR Laser Detection & Ranging radar system. Under a second contract, LDS-Arizona will conduct flight tests of Loral's new small modular radar systems, together with another sensor from Northrop Grumman. Both programs are scheduled to run until the end of 1997. The contracts are part of the Joint Advanced Weapons Guidance/Weapons Integration Precision Targeting Demonstration for the Joint Advanced Strike Technology program. This technology program will provide one assembly line to produce a common aircraft that will meet U.S. Air Force, Navy and Marine Corps requirements. Loral Defense Systems-Arizona's participation in the JAST program gives it a significant opportunity to continue developing weapons guidance radar technology for the next generation fighter aircraft. Loral Defense Systems-Arizona designs and manufactures all-weather, high resolution synthetic aperture radar Synthetic aperture radar (SAR) Radar, airborne or satellite-borne, that uses special signal processing to produce high-resolution images of the surface of the Earth (or another object) while traversing a considerable flight path. reconnaissance systems, automatic target recognition image recognition processing, digital signal processors, mobile tactical intelligence data processing and exploitation systems, and imagery exploitation training systems. Loral Corporation, headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , is a high- technology company that primarily concentrates in defense electronics, communications, space and systems integration. CONTACT: Joseph Tedino, 703/416-5540 |
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