Argon ST Awarded $29.8 M in New Contracts

(Fairfax, Va., July 1, 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 has received new contract awards valued at approximately $29.8 million for systems and upgrades for maritime Intelligence Surveillance and Reconnaissance (ISR).

The contracts call for Argon to continue its work to provide multipurpose, modular, upgradable platforms for use in the U.S. littoral battlespace.

"We are proud of this award as it is a vote of confidence for both the personnel involved as well as the technology we have designed and are deploying," said Kerry Rowe, President and Chief Operating Officer, Argon ST. "Argon's commitment to Lighthouse and commercial off-the-shelf (COTS) technology-based design is directly in line with future military platforms. It is a cost-efficient and very effective way to design, from the outset, systems that need to keep pace with the ever-advancing threat ISR technologies."

"Our maritime market is strong and poised for growth," commented Terry Collins, Chairman and Chief Executive Officer, Argon ST. "In addition to the increased number of opportunities for U.S.-based systems, the international market is showing very high interest in both our surface and subsurface platforms. Given the flexible and adaptable architecture which is specifically designed for technology insertion and open architecture, we believe that we will be able to leverage our work into new and valuable opportunities."

Source : Argon ST Inc.