Radstone Announces $26.7m Contract From Raytheon Integrated Defense Systems
G4DSP Quad Processor selected again for MK-48 ADCAP/ACOT program Following clearance from its customer, Radstone Technology PLC (LSE: RST) today announced that the company had secured in March 2005 a $26.7 million contract from Raytheon Integrated Defense Systems of Tewksbury, Massachusetts. Radstone is to provide its G4DSP rugged digital signal processors for use in the latest phase of the MK-48 Advanced Capability (ADCAP)/Advanced Common Torpedo (ACOT) upgrade program, which is a joint development between the Naval Undersea Warfare Center (NUWC) of Newport, Rhode Island and Raytheon Integrated Defense Systems. Also included in the order is a quantity of Radstone’s PPC4A single board computer. This most recent award brings the total value of orders received on this program to over $38.0 million. “As a business, we pride ourselves on our strength in listening to our customers and developing the products they need,” said Jeff Perrin, Chief Executive of Radstone Technology. “Beyond that, Radstone leads the industry in providing long term support to our customers in programmes that can have a lifespan of many years. This order demonstrates once again that our strategy is the right one and that it is able to deliver enduring success. We’re looking forward to continuing to develop our excellent relationship with Raytheon.” The MK-48 ADCAP torpedo is the US Navy’s premier heavyweight submarine-launched torpedo and is widely recognized as the world’s most capable anti-submarine weapon. ADCAP is a wire-guided, thermal torpedo launched through the full submarine’s depth and speed profile. The MK-54 LHT combines the search and homing capability of the MK-50 with the propulsion system of the MK-46 to deliver further improved lightweight torpedo performance in shallow water.