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Argon ST Nabs Option on Navy Deal

Argon ST, Inc. (NASDAQ:STST) won 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 deal 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.

“With the award of the SSEE Increment F LRIP option, warfighters will have our integrated systems join operations, highlighting next-generation Argon Lighthouse technology, ” said 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.”

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