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INDUSTRY TEAMINGS

04 May 06. DRS Technologies, Inc. has signed a long-term strategic agreement with Ionatron, Inc. Under the agreement, the companies will engage in the cooperative development and selected application of Ionatron’s Laser-Guided Energy (LGE) and Laser-Induced, Plasma-Channel (LIPC) directed-energy weapon systems and DRS’s energy management systems and mobility platforms of its DRS Test & Energy Management unit in Huntsville, Alabama. In addition, the company’s DRS Training & Control Systems unit in Ft. Walton Beach, Florida, will investigate its own application of Ionatron’s LIPC technology in marine applications. Under this agreement, DRS and Ionatron will work collaboratively to capture business opportunities in directed-energy weapons and tactical-grade power management systems and mobility platforms with initial fielding of these advanced technologies focused on the U.S. military market. DRS’s investigation of marine applications is expected to look at the use of this technology in various marine-based operations for homeland security and defense applications relating to shipping ports and dockside protection.

11 May 06. Delivery of first MILIS Thermal Sights co-produced by Theon Sensors and Sagem Défense Sécurité. On 23 March 2006, the first batch of the MILIS (Milan Lightweight Infrared System) thermal sights was accepted by the Hellenic Army. These sights are manufactured in Greece by the local company Theon Sensors S.A. (Koropi, Greece) as part of the contract signed with Sagem Défense Sécurité (Paris, France) for the co-production of 147 thermal sights which are going to be used for the upgrade of the MILAN anti-tank system of the Hellenic Army. The ceremony occurred with the presence of representatives of Euromissile and Sagem Défense Sécurité. As part of the contract, signed in October 2004 between the two companies, an active burn-in thermal station of the latest technology was installed in the Theon Sensors facility while the Theon Sensors personnel underwent training in the Sagem Défense Sécurité facilities, in France. The set up of the above co-production, from Sagem Défense Sécurité to Theon Sensors is a testimony of a successful cooperation to satisfy the offset obligations of the French company to the Greek MoD to provide a technology transfer and a sub-contracting work. This joint project aims at the co-production of at least 200 thermal sights.

11 May 06. TTTech Computertechnik AG, headquartered in Vienna, Austria, and the Electrics Division of Ultra Electronics in Cheltenham, UK, have established a distribution partnership to provide a comprehensive product range and support services for time-triggered data communication technology in the United Kingdom. Ultra Electronics is specialized in designing electronic and electromechanical systems for defense, security and aerospace applications worldwide. The partnership will focus on advancing time-triggered technology in the technologically challenging aircraft and defense vehicle market.

08 May 06. HYPRES, Inc. has entered into a Teaming Agreement with Argon ST, Inc., to pursue an optional ultra-high performance Digital-RF Receiver as part of Argon ST’s recently awarded Ship’s Signal Exploitation Equipment (SSEE) Increment F contract. The 30-month initial tasking on the SSEE Increment F contract is focused on the development and delivery of high performing sensor systems to the Navy. The basic value of Argon’s award is valued at $52.8m and includes priced options to allow the government to procure additional development systems and production units over a five year period beginning in 2009. Under the terms of the agreement, HYPRES has the option to develop and demonstrate a multi-input Digital-RF channelizing receiver system. Upon successful completion of the demonstration, Argon will be able to offer the Digital-RF receiver system as a high performing, high dynamic range risk mitigation option to its SSEE Increment F contract. HYPRES’ role could eve

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