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EASI Engineered Support Systems (MM)

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Share Name Share Symbol Market Type
Engineered Support Systems (MM) NASDAQ:EASI NASDAQ Common Stock
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Engineered Support Receives $7.2 Million Order for U.S. Army's Knight Precision Targeting System

26/07/2005 10:05pm

PR Newswire (US)


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Engineered Support Receives $7.2 Million Order for U.S. Army's Knight Precision Targeting System ST. LOUIS, July 26 /PRNewswire-FirstCall/ -- Engineered Support Systems, Inc. (NASDAQ:EASI) received a $7.2 million order for the Knight Precision Targeting System from the U.S. Army's Tank-automotive and Armaments Command (TACOM) in Warren, Michigan. Engineered Support's wholly-owned subsidiary Systems & Electronics Inc. (SEI) will produce 31 Fire Support Sensor System (FS3) equipped Mission Equipment Packages (MEPs) and miscellaneous spares at its St. Louis and West Plains, MO facilities. Deliveries are scheduled to occur between November 2006 and July 2007. This Knight production award, which involves HMMVW-mounted MEPs, is provided from Fiscal Year 2005 military supplemental funding and supports the Army's continued transformation to modular brigades and its ability to prosecute the Global War on Terror. To date, SEI has produced more than 160 Knight targeting systems for the U.S. Army and Army National Guard. Knights are currently deployed in Afghanistan and Iraq as part of Operation Enduring Freedom and Operation Iraqi Freedom, according to Engineered Support Vice Chairman and Chief Executive Officer, Gerald A. Potthoff. "The commitment by the DoD of supplemental spending for this order demonstrates the priority our military places on the advanced technology in fire support solutions that Engineered Support, through SEI, provides to our nation's deployed warfighters," Potthoff said. About Knight The Knight MEP is a precision targeting system consisting of a laser designator/rangefinder, thermal imager, digital command and control, blended inertial/Global Positioning System navigation and targeting, and a self defense weapon. Its mission is to provide precision far target location and laser target designation for both artillery and air-delivered general purpose and precision-guided munitions. The FS3 is a high performance sensor system consisting of a thermal imager/day camera and rangefinder produced by Raytheon. In addition, FS3 has the ability to mount a laser designation module for use with laser guided munitions. Engineered Support Systems, Inc. provides advanced sustainment solutions including the design, manufacture and supply of integrated military electronics, support equipment and technical and logistics services for all branches of America's armed forces and certain foreign militaries, homeland security forces and selected government and intelligence agencies. The company also produces specialized equipment and systems for commercial and industrial applications. For additional information, please visit the Company's website at http://www.engineeredsupport.com/ . DATASOURCE: Engineered Support Systems, Inc. CONTACT: Larry Cox, Communications Mgr of Engineered Support Systems, Inc., +1-314-553-4960, Web site: http://www.engineeredsupport.com/

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