Argon ST Announces Production Systems Option Exercise for Approx. $6.9 million
Critical Requirements, Initiatives and Opportunities
Date: 26 Mrch 2009 - 27 Mrch 2009
Location: Washington, DC, United States
Date: 27 Apr 2009 - 29 Apr 2009
Location: Orlando, FL, United States
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(FAIRFAX, Va., Dec. 27, 2006) -- Argon ST, Inc. (NASDAQ:STST), announced today that it has received a contract modification to exercise options for additional production delivery of ISR systems to the United States Government. The modification exercised several options with an approximate value of $6.9 million. The work will be accomplished at Argon ST's Fairfax, Virginia facility over the coming eight months.
Terry Collins, CEO and President of Argon ST, Inc. stated, "We are very pleased that the Government has shown continued confidence in our ability to produce these highly flexible, modern and low-cost ISR systems. These systems provide the Government significantly increased capabilities while reducing the system size, weight and power envelope."
Source : Argon ST
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