Argon ST


Argon ST, Inc. Awarded Next Phase of DARPA Robust Surface Navigation Program

FAIRFAX, Va., April 6, 2010 — 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, was awarded a contract option for Phase 2B of the Robust Surface Navigation (RSN) program from the Defense Advanced Research Projects Agency (DARPA) Strategic Technology Office.

The Phase 2B contract option is worth approximately $11M and was awarded after the successful completion of Phase 2A of the RSN program. Argon was initially selected in 2006 by DARPA to develop new and innovative algorithms for mitigating multi-path signal errors and signal blockage that occurs in urban canyons and indoor environments. Advancements made by the Argon team during Phases 1 and 2A along with the real-time system demonstrations to be made during Phase 2B will ultimately enable U.S. military operations to navigate in GPS-denied areas using radio frequency signals of opportunity.

"In today's technology-laden combat arenas, the importance of developing alternate technologies to GPS for precision positioning and navigation has never been more critical," said Kerry Rowe, President and Chief Operating Officer, Argon ST. "We are committed to helping solve the fundamental problem of navigation and geolocation in GPS-denied or -degraded areas, especially in the difficult environments inside buildings and in urban canyons. Technologies being developed by the Argon team for DARPA will help our forces overcome these obstacles, and this award for RSN Phase 2B will develop a real-time system that demonstrates this capability."

"A corporate objective for 2010 is to maintain our momentum on our key programs with excellent execution and to leverage that execution into expanded roles on future efforts. This award is indicative of our continued progress on this front. We are very proud that DARPA, the central research and development office for the U.S. Department of Defense (DoD), continues to rely on Argon for such an important capability, and we are discussing options with other agencies to transition RSN technologies into future DoD systems."

Argon ST has selected Honeywell, Golden Valley, MN; Ticom Geomatics, Austin, TX; and The Charles Stark Draper Laboratory, Inc., Cambridge, MA, to provide supporting software and engineering services in connection with the RSN project.

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.

Forward Looking Statement

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. These statements may contain words such as "expects", "could", "believes", "estimates", "intends", "may", "envisions", "targets" or other similar words. Forward-looking statements are not guarantees of future performance and are based upon numerous assumptions about future conditions that could prove not to be accurate. 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, 2009). Some of these specific risks, although not all, are: general economic, business and political conditions nationally and internationally, including federal budgetary priorities; difficulties in developing and producing operationally advanced technology systems; the cost and availability of office and laboratory space; the timing and customer acceptance of contract deliverables; the number, length and type of contracts and task orders awarded to the Company by its commercial and governmental customers; the market for the Company's products and services; changes in the U.S. federal government procurement laws, regulations, and policies; the Company's ability to attract and retain qualified personnel, including personnel with appropriate security clearances; charges from any future impairment reviews; the future impact of any acquisitions or divestitures the Company may make; the competitive environment for information technology products and services; availability of cash or capital; and other factors affecting the Company's business that are beyond its control. All 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.


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