Argon ST receives $49.7 million Navy contract
Argon ST receives $49.7 million contract for support of US Navy sensors
- On 2:00 pm EDT, Thursday September 17, 2009
FAIRFAX, Va. (AP) -- Argon ST Inc., which makes electronic systems for the U.S. Navy and other government customers, said Thursday it has received a $49.7 million contract for support of Navy sensor systems.
The Fairfax, Va., company said the contract calls for research, development and analysis to produce communications, computers, surveillance and reconnaissance systems in support of electro-optical, radio frequency, acoustic sensors and special sensor systems.
The contract is expected to be completed over the next three years with initial funding of about $5.4 million.
Shares added 28 cents to $21.60 in afternoon trading.
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