The O'Gara Group, Inc. Receives Third Order, Valued at $16 Million, from Italian Ministry of Defense.Italian Army to Acquire Additional Highly Advanced Night Vision Goggles goggles, n the protective eyewear worn by dental personnel and patients during dental procedures. goggles see periocular leukotrichia. ; Order Provides Strong Backlog for 2008 CINCINNATI -- The O'Gara Group, Inc. today announced that its Sensor Technology Systems, Inc. (STS (Synchronous Transport Signal) The electrical equivalent of the SONET optical signal. In SDH, the European counterpart of SONET, STS is known as STM (Synchronous Transport Module). ) subsidiary received an order worth $16 million from the Italian Ministry of Defense for an undisclosed number of STS' advanced AN/PVS-21 Low Profile Night Vision Goggles (LPNVG). This is the third contract awarded to STS since 2004 by the Italian Ministry of Defense for STS' night vision goggles. "Receiving this third order from the Italian Ministry of Defense is strong validation for the operational usefulness of our unique, low profile night vision goggles," said Michael (Chip) Lennon, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of The O'Gara Group. "The future outlook for STS and our Electro-Optics Division in general is robust. This order from the Italian Ministry of Defense along with other recent orders provides STS with a healthy backlog through 2008." This contract is a follow on to a $15 million order received in 2005 and a $9 million order that was received in 2004. Deliveries under both of those orders are being made through 2007 and both prior orders were for LPNVGs for the same group of operators within the Italian Army. The combined total value of the three contacts with the Italian Ministry of Defense is approximately $40 million. The AN/PVS-21 Low Profile Night Vision Goggle gog·gle v. gog·gled, gog·gling, gog·gles v.intr. 1. To stare with wide and bulging eyes. 2. To roll or bulge. Used of the eyes. v.tr. To roll or bulge (the eyes). is lightweight and has a rugged, low-profile binocular binocular, small optical instrument consisting of two similar telescopes mounted on a single frame so that separate images enter each of the viewer's eyes. As with a single telescope, distant objects appear magnified, but the binocular has the additional advantage (or monocular monocular /mon·oc·u·lar/ (mon-ok´u-ler) 1. pertaining to or having only one eye. 2. having only one eyepiece, as in a microscope. mo·noc·u·lar adj. 1. ) design that provides unmatched sensor fusion capabilities in diverse and aggressive operational environments. STS' LPNVG is the only production NVG NVG Night Vision Goggles NVG Neovascular Glaucoma NVG New Venture Gear (auto transmission) NVG Not Very Good NVG New Ventures Group with an integrated Heads-Up Display capability which allows video signals, such as navigation data or the output of a thermal scope, to be presented directly into the operator's night vision scene. About STS Sensor Technology Systems, Inc. (STS) is a leading designer and manufacturer of Low-Profile Night Vision Goggles (LPNVG) for counter-terrorism and low intensity conflict operations by Special Operations Forces Those Active and Reserve Component forces of the Military Services designated by the Secretary of Defense and specifically organized, trained, and equipped to conduct and support special operations. Also called SOF. for the U.S. and its allies. The AN/PVS-21 binocular NVG is the only production NVG with an integrated Heads-Up Display capability for "Sensor Fusion" applications. STS has fielded the AN/PVS-21 with U.S. Military forces, U.K forces, Canadian forces, Italian forces and other allies of the U.S. STS is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of The O'Gara Group and is part of its Electro-Optics Division. About The O'Gara Group The O'Gara Group is a global products and services company focused on solutions to support homeland security, counter-terrorism, and low intensity conflict. Headquartered in Cincinnati, Ohio, the Company was founded by Thomas O'Gara, Wilfred (Bill) O'Gara, and Michael (Chip) Lennon. Together the founders have more than fifty years of experience in management and acquisition of defense and security businesses on a world-wide basis, most recently with The Kroll-O'Gara Company, and O'Gara-Hess & Eisenhardt. The Company currently operates through two divisions, the Electro-Optics Division and the Training and Services Division. In 2004 The O'Gara Group formed a strategic partnership with The Walnut Group, a diversified investment firm based in Cincinnati, Ohio. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion