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CONTRACT NEWS IN BRIEF

27 Jun 02. DRS Technologies, Inc. has received a $16.7m production subcontract for the Javelin Anti-Tank Weapon System program. Javelin is the world’s premier man-portable, fire-and-forget, medium-range, anti-tank weapon system and is utilized by U.S. Army and Marine Corps combat units. It also is approved through the U.S. Army’s Foreign Military Sales (FMS) program for international procurement.

The award was received from Raytheon Missile Systems Company, a unit
of Raytheon Company (NYSE: RTNA, RTNB), located in Tucson, Arizona.

17 Jun 02. Northrop Grumman Corp.’s Ship Systems unit will assume construction responsibilities for 12 San Antonio (LPD 17) class amphibious assault ships, under a memorandum of understanding with General Dynamics Corp. and the U.S. Navy.

In exchange, General Dynamics’ Bath Iron Works unit will construct some USS Arleigh Burke class Aegis guided missile destroyers, a contract Northrop Grumman received in December 2001. Bath Iron Works will also be awarded additional work for the missile destroyers, as determined by the Department of the Navy. Financial terms weren’t disclosed.

26 Jun 02. The Defense Applications group of Cubic Corp. (AMEX:CUB – News), along with its U.K. partner, Ultra Electronics Ltd., completed two months ahead of schedule the second phase of its contract to incorporate sophisticated broadcast data link technology into the United Kingdom’s Airborne Stand-Off Radar (ASTOR) System.

Cubic and Ultra are providing air data terminals, ground data terminals, spares
and 10 years of in-service support beginning in early 2004. Key to meeting this
milestone was Cubic’s successful transfer of its surveillance and control data
link (SCDL) technology to Ultra, which then manufactured the equipment to
Cubic’s specifications in the U.K.

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