SUNNYVALE, Calif. --- Applied Signal Technology, Inc. announced today that it has signed two new contracts totaling $32 million. These multi-year contracts are for a variety of signal intelligence solutions and products.
Under the terms of one two-year contract, APSG will provide the government with the next generation of air borne signal intelligence (SIGINT) capabilities in support of military intelligence, surveillance and reconnaissance (ISR) programs.
The terms of the other two-year contract requires APSG to perform a variety of engineering developments for enhanced SIGINT capabilities for the intelligence community.
Mr. Gary Yancey, President and Chief Executive Officer of the Company, commented: “Both of these contracts are significant to us for their value as well as future implications. The military contract is a first for the Company wherein we provide complete SIGINT system development and integration. This contract also provides continued product diversification in the military marketplace.”
Mr. Yancey went on to say, “The other contract provides a number of enhancements to a variety of our current SIGINT products. This should result in additional, future orders for these product lines as well as several related products.”
Applied Signal Technology, Inc. designs, develops, manufactures and markets advanced digital signal processing equipment to collect and process a wide range of telecommunications signals for signal reconnaissance applications.
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Applied Signal Technology Signs Two New Contracts Worth $32M
