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Allen-Vanguard Corporation comments on U.S. Department of Defense development awards for Counter Radio-Controlled Improvised Explosive Device Electronic Warfare Spiral 3 systems ("CREW3")
OTTAWA, Dec. 10 /CNW Telbec/ - Allen-Vanguard Corporation ("Allen-Vanguard" or the "Company") (TS...
About this update from Verisante Technology, Inc.
[{"type":"text","content":"\n\n\n\nOTTAWA, Dec. 10 /CNW Telbec/ - Allen-Vanguard Corporation\n("Allen-Vanguard" or the "Company") (TSX:VRS) commented today on the U.S.\nDepartment of Defense (DoD) announcement of December 7, 2007 awarding CREW3\ndevelopment contracts for electronic counter measures systems ("ECM" or\n"jammers") to Northrop Grumman, ITT and Sierra Nevada Corp.\n\n\n"We are still obtaining follow-on information from our two U.S. partners,\nboth of whom bid our technology into the CREW3 development program but were\nnot included in these CREW3 announcements," said David E. Luxton, President\nand CEO of Allen-Vanguard. To the best of the Company's knowledge no further\naward announcements are expected.\n\n\n"We note that no major current incumbent in U.S. DoD jammer programs was\nincluded in these CREW3 development awards," said Mr. Luxton. Through\ndivisions of Lockheed Martin and General Dynamics, Allen-Vanguard is the\nincumbent in two major jammer programs in the U.S. The Company's jammers have\nalso been procured for Homeland Security applications in the U.S. "The\nexisting industry base of battle proven jammer technology like ours is very\nlimited, so it is understandable that DoD might invest to see if the\ntechnology base can be expanded beyond current program incumbents," added\nMr. Luxton.\n\n\nCREW3 is a development program through fiscal 2008 and 2009, with no\nfollow-on commitment to further work or production. As a result, it is\nimpossible for the Company to predict whether the CREW3 program might result\nin an eventual migration to entirely new equipment and support systems, or\nwhether, instead, ongoing upgrades and advanced new versions of equipment\ncurrently in service will meet the same objective.\n\n\n"What we do know is that we've been here before," said David Luxton.\nAllen-Vanguard was not selected for the earlier CREW2 program, but\nnevertheless went on to capture major U.S. military programs on merit. "That\nkind of success, in the U.S. and internationally, derives from our technology\ndesign strategy, which has long anticipated the evolving requirements of\nusers," added Mr. Luxton. "We therefore expect to field very advanced\nnext-generation jammer technology with CREW3 level capability well in advance\nof the CREW3 prog...