Under a newly exercised option for the AN/SLQ-25C system contract, Boeing [NYSE: BA] subsidiary Argon ST will continue to supply U.S. Navy surface ships with countermeasures that lure torpedoes away by mimicking a vessel's propulsion system.
The $8 million option covers production and delivery of eight new AN/SLQ-25C systems – commonly called "Nixie" – under the Navy's Surface Ship Torpedo Defense program. An electro-acoustic towed decoy system, Nixie can communicate with its host ship's network for a fully integrated defense capability.
"Nixie's open architecture allows us to continue to innovate advances in engineering and technology that improve the system's capability and reliability and reduce its cost," said Kim Patterson, Boeing AN/SLQ-25C program manager.
Argon ST has been supporting the Nixie program for the Naval Sea Systems Command since 2002, and has received multiple follow-on awards with options. The order announced today is the first option exercised under the current contract. Production of the new systems will begin in February, primarily at Argon ST's facilities in Smithfield, Pa.
Source: The Boeing Company (NYSE: BA)
Date: Jan 3, 2013