Par Technology Subsidiary Announces $5.1 Million Contract with Air Force Research Laboratory in Rome, New York
July 12 2016 - 7:30AM
Business Wire
PAR Government Systems Corporation, a wholly-owned subsidiary of
PAR Technology Corporation (NYSE:PAR), today announced an award of
a $5.1 million research and development contract with the U.S. Air
Force. Under this five year Air Force Research Laboratory (AFRL)
Information Directorate contract, “Newport Radio Frequency
Communications Research and Development (NewRAD)”, PAR Government
will perform Research Development Test and Evaluation (RDT&E)
activities to accomplish Radio Frequency technical program
requirements for operational airframes, aircraft, vehicles, and
weapon systems tests in response to Air Force and other DoD
components. The contract work will be performed by PAR Government’s
Intelligence, Surveillance and Reconnaissance (ISR) Sector.
“We are pleased that AFRL has chosen PAR Government to support
the NewRAD program. PAR Government will draw upon our staff’s
extensive experience and in-depth knowledge in signals and antenna
theory in the performance of this effort,” commented Matt
Cicchinelli, President of PAR Government.
ABOUT PAR GOVERNMENT SYSTEMS CORPORATION
PAR Government, headquartered in Rome, New York, provides
Intelligence, Surveillance and Reconnaissance solutions to US
Department of Defense, US Government agencies, and private
industry. During 40 years of service, PAR Government has earned the
reputation for developing high quality products ranging from
theoretical and experimental studies to operational capability. For
more information, visit www.pargovernment.com.
ABOUT PAR TECHNOLOGY
PAR Technology Corporation's stock is traded on the New York
Stock Exchange under the symbol PAR. PAR’s Government Business
segment provides solutions and products for the geospatial
intelligence community and highly-specialized technical services to
the Department of Defense and various federal agencies. PAR’s
Hospitality Business segment is a leading provider of restaurant
and retail technology. Visit www.partech.com for more information
or connect with PAR on Facebook at www.facebook.com/parpointofsale
or Twitter at www.twitter.com/Par_tech.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160712005610/en/
PAR Technology CorporationChristopher R. Byrnes, 315-738-0600
ext. 6226cbyrnes@partech.comwww.partech.com
PAR Technology (NYSE:PAR)
Historical Stock Chart
From Mar 2024 to Apr 2024
PAR Technology (NYSE:PAR)
Historical Stock Chart
From Apr 2023 to Apr 2024