FAIRFAX, Va., September 17, 2009 — Argon ST, Inc. (NASDAQ: STST), a leading systems engineering, development and services company providing full-service C5ISR (command, control, communications, computers, combat systems, intelligence, surveillance and reconnaissance) systems and services to a wide range of defense and intelligence customers, today announced that it was awarded a $49.7M cost-plus-fixed-fee contract for research, development, and analysis, to produce Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR) system architecture in support of electro-optical, radio frequency, acoustic sensors, and special sensor systems for the U.S. Navy. This contract is expected to be completed over the next three years and initial funding is approximately $5.4 million.
"The ISR market is a strategically important part of our business. This contract enables development of important technologies and systems in support of warfighters as well as protection of U.S. forces, facilities, and borders," stated Kerry Rowe, President and Chief Operating Officer, Argon ST, Inc.
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.