Argon Announces Contract for SSEE Increment F LRIP for $36.9M

(Fairfax, Va., April 12, 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, announced today that is has been awarded the Ship's Signal Exploitation Equipment (SSEE) Increment F contract option for production and delivery of SSEE Increment F systems to the United States Navy. The award is for the Low Rate Initial Production (LRIP) of systems and is valued at $36.9M. The base contract also includes priced options to allow the Government to procure Full Rate Production units over a four-year period beginning in 2011.

The LRIP option award results from the program successfully achieving Milestone C. Argon ST won the competitive bid for the SDD phase in April, 2006 and built an Engineering Development Model (EDM) system that was installed for ship-based testing. The system successfully completed an Operational Assessment late in 2009.

"With the award of the SSEE Increment F LRIP option, warfighters will have our integrated systems join operations, highlighting next-generation Argon Lighthouse technology," commented Kerry Rowe, President and Chief Operating Officer, Argon ST. "The SSEE Increment F program represents the best of our Lighthouse 3.x architecture and is the model for future Argon programs. Our modular design, commercial off-the-shelf product integration, and remote network services address the evolving requirements of our defense customers and will efficiently bring new capabilities to market."

Source : Argon ST Inc.