U.S. Navy Gives Option Award to Argon STAugust 27, 2007
Argon ST. Inc announces option award for additional Ship's Signal Exploitation Equipment (SSEE) Increment E sensor systems, valued at approximately $18M.
FAIRFAX, VA--(BUSINESS WIRE)--Argon ST, Inc. (NASDAQ:STST), announced that it has received an option award for an initial portion of the fifth phase of a multi-year full rate production contract to provide SSEE Increment E sensor systems to the United States Navy. This award exercises an option valued at approximately $18 million and was funded from the Global War on Terror (GWOT) supplemental budget. SSEE is the most modern and extensive communications intelligence system that is deployed on U.S. Navy surface ships.
Joe Carlin, Vice President of Information Dominance stated, "We are proud that our SSEE Increment E systems have been so effective and well received by the US operational fleet. This option award demonstrates the government's confidence in continuing the Argon ST / US Navy partnership that is producing cost effective sensor systems solutions."
About Argon ST, Inc.
Argon ST, Inc. designs, develops, and produces systems and sensors for the Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR) markets including SIGINT (Signals Intelligence), ESM (Electronic Support Measures), EW (Electronic Warfare), IO (Information Operations), imaging, and acoustic systems serving domestic and international markets.
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