FAIRFAX, Va., February 26, 2009 — Argon ST, Inc. (NASDAQ: STST), a leading developer of command, control, communications, computers, combat systems, intelligence, surveillance, and reconnaissance (C5ISR) systems, today reported that it has been awarded an $8 million contract to produce additional airborne sensor systems for the United States government.
"While the information I can discuss associated with this contract is limited, I am pleased to note that this award is strategic to one of our key 2009 objectives, to grow market share in the airborne reconnaissance market," commented Dr. Terry Collins, Chairman and Chief Executive Officer, Argon ST. "During 2008, our airborne team successfully integrated advanced beam forming technology into our Lighthouse and Prism product lines to achieve breakthroughs in system performance for airborne platforms. We believe these accomplishments will be instrumental in creating a strong position for us in future competitions in this market."
About Argon ST, Inc.
Argon ST, Inc. designs, develops, and produces systems and sensors for the Command, Control, Communications, Computers, Combat Systems, Intelligence, Surveillance, and Reconnaissance (C5ISR) markets including SIGINT (Signals Intelligence), ESM (Electronic Support Measures), EW (Electronic Warfare), IO (Information Operations), imaging, and acoustic systems serving domestic and international markets.
Statements in this press release which are not historical facts are forward-looking statements under the provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to numerous risks and uncertainties, including without limitation the risks and uncertainties identified in the reports filed by the Company with the Securities and Exchange Commission (including the Company's Form 10-K for the fiscal year ended September 30, 2008). Some of these specific risks, although not all, are risk and uncertainties associated with government contracting, including but not limited to funding allocation and availability and program continuation. All forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements. Our actual results could differ materially as a result of such risks and other factors. Any of the forward-looking statements should be considered in light of these factors. Investors should not put undue reliance on any forward-looking statements. We undertake no obligation to update these forward-looking statements to reflect new information, future events or otherwise.
Argon ST, Inc.