Signal Technology Arizona Operation Awarded Raytheon Oscillator Contract.Business/Technology Editors DANVERS, Mass.--(BUSINESS WIRE)--Feb. 17, 2000 Signal Technology Corporation (AMEX AMEX See: American Stock Exchange : STZ STZ Steinbeis-Transferzentrum STZ Streptozotocin ) today announced that it has won a contract award for microwave oscillators from Raytheon Systems Company in Tucson, Arizona Tucson (pronounced /ˈtusɑn/, Spanish: Tucsón [tuk'son] , valued at $276,320. This award is in support of Low Rate Initial Production for the Brilliant Antiarmor (BAT) Submunition Any munition that, to perform its task, separates from a parent munition. Program with scheduled delivery beginning in March 2000. The award follows Signal Technology Corporation's developmental award/delivery for the oscillator oscillator Mechanical or electronic device that produces a back-and-forth periodic motion. A pendulum is a simple mechanical oscillator that swings with a constant amplitude, requiring the addition of energy at each swing only to compensate for the energy lost because of air used in the Seeker assembly. The company estimates that future contracts for production hardware could exceed $4 million. &uot;This contract confirms our commitment to strengthening our core defense business by winning programs that offer significant full rate production potential,&uot; said Signal Technology Arizona Operation president, Gene L. Joles. The Brilliant Antiarmor Submunition uses passive acoustic and infrared sensors to find, attack and destroy moving tanks and other armored vehicles deep in enemy territory. BAT plays a major role as a precision strike weapon in the current U.S. national defense strategy, which addresses the potential of multiple regional conflicts. BATs will be carried into hostile territory by the Army tactical missile system (Army TACMS TACMS Tactical Missile System Block II missile) for &uot;many-on-many&uot; attacks against massed moving armor. The BAT concept has proven successful during testing conducted in 1998 against tanks and armored personnel carrier targets. Once all testing is successfully completed, BAT could be fielded as early as the fall of 2000. About Signal Technology Corporation Signal Technology designs and produces sophisticated, state-of-the-art electronic components and systems for a variety of defense, space and communication applications, including communications networks, satellite communications, electronic countermeasures Noun 1. electronic countermeasures - electronic warfare undertaken to prevent or reduce an enemy's effective use of the electromagnetic spectrum ECM , intelligence and guidance systems. For further information about Signal Technology, visit the company's Web site at http://www.sigtech.com. Arizona Operation &Space Center products and capabilities can be found at the division's Web site: http://www.sigtech.com/Arizona/index.htm. &uot;Safe Harbor&uot; Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements made in this news release that are not historical facts contain forward-looking information that involve risks and uncertainties. Important factors that may cause actual results to differ include, but are not limited to, market acceptance risks, the effect of economic conditions, the impact of competitive products and pricing, product development, capacity, supply constraints and other risks detailed from time to time in the company's Securities and Exchange Commission filings. Signal Technology Corp. assumes no obligation to update the information included in this news release. |
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