U.S. Army Awards ICx Technologies a Contract for Future Nuclear, Biological and Chemical Reconnaissance System with an Estimated Value of Up to $711 Million

WASHINGTON–ICx Technologies (NASDAQ:ICXT – News), a developer of advanced sensor technologies for homeland security, force protection and commercial applications, announced today that it has been awarded a system-engineering, analysis and integration contract by the U.S. Army Research and Development Engineering Command Acquisition Center.

The award, with an estimated value of up to $711 million over seven years, was presented as a single contract for the Joint Nuclear, Biological, Chemical Reconnaissance System Increment II (JNBCRS 2) program.

“JNBCRS 2 is a vital program, and we’ve assembled a highly qualified team of experienced subcontractors,” said Hans Kobler, CEO of ICx. “This system will be a critical tool for our troops as they face terrorist attacks and new kinds of warfare all over the world.”

The contract begins in Q4 2008 with an initial two-year, $20 million product-development effort. It is projected that the production phase will have an estimated value of $711 million.

Kobler added, “This significant award is strong validation of ICx Technologies’ innovation and technology leadership in the CBRNE community.”

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