just out...big one for milt:
Miltope Receives $16 Million Defense System Integration Award
MONTGOMERY, Ala., March 20 /PRNewswire/ -- Miltope Group Inc., (Nasdaq: MILT - news) announces the award of a U.S. Army contract in the amount of approximately $16.2M for the integration of over 2,000 Internal Combustion Engine (ICE) test systems to be used in conjunction with the Soldiers Portable On-system Repair Tool (SPORT) computer.
This integration effort for SPORT-ICE expands the Army's ability to perform automatic test, diagnostics and maintenance of diesel engines on every wheeled and tracked vehicle as well as tactical generators. Special system diagnostic interfaces such as J1708, J1939 and dual multimeter capability are provided. Miltope continues to solidify their presence within the Army's Test and Diagnostic community with supporting the highly reliable and successful SPORT and SPORT-ICE programs.
The Miltope SPORT computer is a compact and lightweight handheld system used for diagnostics, maintenance, and IETM (interactive electronic technical manuals) delivery across every Army weapon system as well as for all wheeled and tracked vehicle platforms. The handheld computer is fully operable under extreme high and low temperature conditions and it's color display is completely readable in direct sunlight making it the Army's most complete diagnostic and maintenance system available for use by the Soldier Technician in the tactical environment.
Miltope Group Inc., through its business segments, is engaged in the design, development, manufacture and testing of computers and computer peripheral equipment for military, industrial and commercial applications where reliable operation of the equipment under demanding environmental conditions is of paramount importance. The Company delivers a broad range of computers, computer workstations, servers, disk cartridges, printers, mass storage systems and other related products to defense, government and commercial customers.
The matters discussed in this news release that are not historical facts are ``forward looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995 and the Company intends that such forward looking statements be subject to the safe harbors created thereby. The Company warns that caution should be taken in relying upon any forward looking statements contained herein, as they involve a number of risks and uncertainties that may cause the actual results of the Company to be materially different from any future results expressed or implied by such forward looking statements. Examples of such risks and uncertainties include, but are not limited to, future demand for the Company's products and services, general economic conditions, actions of competitors, termination of contracts at the convenience of the United States government, customer funding variations in connection with multi-year contracts and follow-on options, and other risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected. The Company does not undertake any obligation to update or revise any forward looking statement made by it or on its behalf, whether as a result of new information, future events or otherwise.
SOURCE: Miltope Group Inc.
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