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Article: Signal Technology Teams With Northrop Grumman; Company's Defense Group Named Sole-Source Supplier of Transmitters for U.S. Air Force Electronic Countermeasures System.
- Article from:
- Business Wire
- Article date:
- July 8, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors & High-Tech Writers
Signal Technology Corporation (Nasdaq: STCO) today announced that its Defense Group has been selected by Northrop Grumman Systems Corporation as sole-source supplier of the next generation of Band 4 and 5 transmitters for the AN/ALQ-131 aircraft electronic countermeasures (ECM) system. The first production release is valued at more than $9 million. Follow-on production is valued at $80 million to $120 million over the next 10 years. Production will take place at the Company's Florida-based Keltec Division.
"The size and long-term nature of this agreement create a major revenue opportunity for the Company and position ...