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Argon ST Announces Contract Extension for Additional Cable Wire Harnesses for the Bombardier 415 Amphibious Firefighting Aircraft, Valued at $5.3M
(Fairfax, Va., February 4, 2008) -- Argon ST, Inc. (NASDAQ:STST), a leading developer of command, control, communications, computers, combat systems, intelligence, surveillance, and reconnaissance (C5ISR) systems, announced today that it has received an award for 9 ship-sets of cable wire harnesses for Bombardier 415 aircraft assemblies, from Bombardier Aerospace Amphibious Aircraft, Canada. This modification increases the scope of work that Argon is performing in support of the Bombardier amphibious firefighting aircraft, under a contract that was initially awarded in May of 2006. The contract now calls for the delivery of 12 ship-sets at a total value of up to $7.1 million.
Keith Harmon, Vice President of Operations Support, provided the following statement: "Argon ST is rightfully proud of our accomplishment in this new market niche. Throughout 2007 our Smithfield, Pennsylvania production team worked in close cooperation with Bombardier personnel to achieve AS9100 certification as a supplier of aircraft components. Following receipt of that certification, we were awarded an initial contract to upgrade wire harness panels on Bombardier's CL-215T aircraft. We are looking forward to continuing to build a long-lasting relationship supporting Bombardier as a preferred subcontractor from our Smithfield, Pennsylvania production facilities."
Source : Argon ST Inc.
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