Sensytech, Inc. Receives Contract Award Valued at $9.1M for Engineering and Production of the MIL-ADF Antenna Assembly
NEWINGTON, Va.--(BUSINESS WIRE)--Feb. 27, 2002--Sensytech, Inc. (Nasdaq:STST - news), today announced that it has recently received a contract award valued at $9.1M for engineering, first article testing, and subsequent production of up to 64 submarine antenna assemblies.
The Naval Undersea Warfare Center, Newport is the client. The initial funding of $1.3M is for the engineering and production of two first article test units. Production is expected to begin in fiscal year 2003 and extend through fiscal year 2007. The engineering and production is planned to be performed in the Newington, Virginia, facilities.
S. Kent Rockwell, CEO and President of Sensytech, Inc., stated, ``This competitively awarded contract further enhances our market position in the submarine community and provides the U.S. Navy with proven engineering capability and production value |
