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SciSys Gets GBP5.2 Million FDG Contract From Lockheed Martin

Date : 12/22/2011 @ 4:12AM
Source : Dow Jones News
Stock : Scisys (SSY)
Quote : 93.5  2.5 (2.75%) @ 9:21AM
Scisys share price Chart

SciSys Gets GBP5.2 Million FDG Contract From Lockheed Martin

Scisys (LSE:SSY)
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SciSys PLC (SSY.LN), a specialist supplier of bespoke software systems, IT based solutions and support services, said Thursday it has been awarded a contract valued at GBP2.5 million to provide the Future Deployable GEOINT, or FDG, System.

MAIN FACTS:

-Contract was awarded by Lockheed Martin U.K. Integrated Systems & Solutions Ltd., the prime contractor for FDG to the U.K.'s Ministry of Defense.

-Contract will run through to May 2013.

-Shares at 0840 GMT up 2 pence, or 3.9%, at 53 pence valuing the company at GBP14.76 million.

-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com



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