Veridian Wins $18.9 Million Combat Identification Technology Contract.Business Editors/Hi-Tech Writers ARLINGTON, Va.--(BUSINESS WIRE)--Oct. 4, 2002 Company to Support the Development and Evaluation of Advanced Technologies for Combat Identification and Sensor Fusion Veridian Corporation (NYSE NYSE See: New York Stock Exchange :VNX) today announced that the company has been awarded an $18.9 million (maximum amount) , incrementally funded GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. order to support advanced research in Combat Identification (CID Cid or Cid Campeador (sĭd, Span. thēth kämpāäthōr`) [Span.,=lord conqueror], d. 1099, Spanish soldier and national hero, whose real name was Rodrigo (or Ruy) Díaz de Vivar. ) and sensor fusion technologies for the Air Force Research Laboratory's Sensors Directorate. The period of performance consists of a base year and four option years. This new work is closely related to similar support that Veridian has provided to the Directorate for the past 14 years. The Analysis of CID Technologies order will provide the Air Force Research Laboratory (AFRL Noun 1. AFRL - a United States Air Force defense laboratory responsible for discovering and developing and integrating fighting technologies for aerospace forces Air Force Research Laboratory U. S. ) with assistance in defining and assessing requirements, performing operational analyses, conducting technical analyses, and transitioning promising identifications and fusion technologies into operational use. The analyses will be conducted within the context of ongoing AFRL research programs, and may include other Air Force programs such as the Multi-sensor Command and Control Constellation (MC2C MC2C Multi-Sensor Command and Control Constellation ); Command, 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 ) programs; space-related programs; and homeland defense programs. About Veridian Veridian is a leading provider of information-based systems, integrated solutions and services specializing in mission-critical national security programs for the intelligence community, the Department of Defense, and U.S. government agencies involved in homeland defense. The company's capabilities include Network Security and Enterprise Protection; Intelligence, Surveillance and Reconnaissance Intelligence, Surveillance and Reconnaissance may refer to:
Forward Looking Information Certain statements and assumptions in this news release contain or are based on "forward-looking" information that Veridian Corporation believes to be within the definition in 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. Such statements are subject to numerous assumptions and uncertainties, many of which are outside of our control. These include, among others: the failure of the Government to exercise options to the contract or allot funds to complete performance; risks of contract performance; and risks of contract termination by the Government. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Prospectus contained in Veridian's Registration Statement on Form S-1, as amended (File Number 333-83792), and from time to time, in Veridian's other filings with the Securities and Exchange Commission, among others, its reports on Form 8-K and Form 10-Q. The forward-looking statements included in this news release are only made as of the date of this news release and we undertake no obligation to publicly update any of the forward-looking statements made herein, whether as a result of new information, subsequent events or circumstances, changes in expectations or otherwise. |
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