ROCKY HILL, Conn., May 22, 2008 (PRIME NEWSWIRE) -- Axsys Technologies, Inc. (Nasdaq:AXYS) has received a $16.9 million follow-on order to produce dual-field-of-view infrared lenses as part of the U.S. Army's Common Remotely Operated Weapon Station (CROWS) program. The majority of this order is expected to ship in 2009.
The initial contract allows for additional quantities to be ordered through August 2012. If all of the options are exercised, the total contract value could be $87M.
"Superior surveillance and targeting capabilities are critical for success on the battlefield," said Scott B. Conner, President and Chief Operating Officer of Axsys Technologies. "We are proud to be the provider of enabling infrared technology for CROWS, one of the U.S. Army's most important force protection programs."
About Axsys
Axsys Technologies, Inc. is a global leader in the design and development of high-performance surveillance cameras, imaging systems and related motion control technologies, serving the aerospace, defense, and high-performance commercial markets. For more information, visit www.axsys.com.
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