Radstone Announces $12 Million Contract Extension
“Further demonstration of Radstone’s leadership in rugged, commercial off-the-shelf (COTS) computing technology” Demonstrating again the exceptional position the company is in to benefit from the high value, long term programmes that characterise the military and defence markets, Radstone Technology (LSE:RST) today announced that the company had received an extension to an existing contract from the Raytheon Company. The contract – to supply Radstone’s PPC4A single board computer, MIL STD 1553 interfaces and Fibre Channel modules for incorporation into 521 ATFLIR pods – is scheduled for delivery over the next five years, and has a net additional value to Radstone of approximately $12 million. The original contract from Raytheon for ATFLIR systems was received in June 1998. “This latest order is a further demonstration of Radstone’s leadership in rugged, commercial off-the-shelf (COTS) computing technology – and also of the excellent long term working relationship we have with Raytheon,” said Jeff Perrin, Chief Executive of Radstone Technology PLC. “ATFLIR’s multifunctionality, its versatility and its interoperability are characteristic of the latest generation of systems designed for network-centric warfare, the goal of which is to deliver battlefield advantage through superior information acquisition and communication. Our product range is specifically designed with these needs in mind.” With its enhanced target detection and recognition range, ATFLIR (Advanced Targeting Forward-Looking Infra Red) substantially extends the capability and survivability of the US Navy’s F/A-18 Hornet fighter aircraft squadrons worldwide. Among its benefits are that it delivers a substantial increase in target detection/recognition range over first-generation systems, and pinpoint accuracy and assessment from longer standoff ranges. Its target detection range shows a four-fold improvement over previous systems, and laser designation is effective at altitudes up to 50,000 feet and at a slant range of greater than 30 miles. These features enhance F/A-18 aircrew survivability, allowing the pilot and weapon systems operator to strike from safer distances.