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Technology Stocks : Spectrum Signal Processing (SSPI)

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To: WWilkes who started this subject	7/19/2004 8:59:48 PM
From: Brasco One	Read Replies (2) of 4400

JTRS NEWS General Dynamics Wins Military Contract Monday July 19, 6:19 pm ET General Dynamics Says Team Wins $295M Military Contract to Develop Protable Radios SCOTTSDALE, Ariz. (AP) -- General Dynamics Corp. said Monday its team won a $295 million contract to develop portable, software-programmable radios for U.S. military personnel. The company said the contract has a potential value of more than $1 billion through 2011 if all options are exercised. General Dynamics makes radio technology that uses software to allow a single system to mimic many types of radio. The project will develop three different types of radios for soldiers in an office, at sea or on the battlefield. ADVERTISEMENT Currently, joint military deployments require the armed services to rely on many makes, models and types of radios, and the company said that few of them communicate seamlessly with others. This military program plans to replace traditional hardware radios with devices that can emulate any radio's capabilities by simply changing software. Fielded radios can be upgraded with new software via a wireless information network, General Dynamics said. General Dynamics will lead the development of common hardware and software elements that will be used in all Cluster 5 Joint Tactical Radio sets, as well as provide program management and systems engineering expertise, and manufacture some of the radios to be delivered through this program. "This is the first time in modern telecommunications history that the military will effectively leapfrog ahead of the commercial communications market as it relates to radio capabilities," said Mark Fried, general manager of the General Dynamics division developing the radio. Shares of General Dynamics were up 10 cents at $98 in after-hours trading on the New York Stock Exchange.

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