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HUNTSVILLE, Ala.--(BUSINESS WIRE)-- Michael W. Solley, President of the Government Segment of Nichols
Research Corporation (Nichols) (Nasdaq: NRES - news), announced
today that Nichols has been awarded a subcontract from SY Technology
for the Space and Missile Defense Initiative and Support (SMDIS)
Contract in support of the U.S. Army Space Command, Colorado Springs,
CO. This is a 5-year subcontract with SY Technology including
options and valued at approximately $10.0 Million. Nichols initial
subcontract is valued at $3,316,642. This Scientific, Engineering and Technical Assistance (SETA)
contract, covers a wide range of efforts involving the space and
missile defense community. Specific areas that Nichols will be
actively involved in consist of Theater and National Missile Defense,
doctrine and architecture, modeling and simulation, information
fusion, C4ISR and system engineering. Mr. Solley states, ``This contract further enhances our capabilities
in the space and missile defense area and we are proud to be a
part of the SY Technology SMDIS Team.'' Nichols Research, headquartered in Huntsville, Alabama, provides
IT and technical services for the Department of Defense, Federal
civilian agencies, state government clients, and commercial clients.
The company has over 30 locations throughout the United States,
3000 employees, and revenues of over $420 Million. Additional
information may be found at the Nichols web site: www.nichols.com.
The Company's stock is traded under the Nasdaq market symbol:
NRES. Except for historical information contained herein, this release
contains forward-looking statements as defined in Section 21E
of the Securities Exchange Act of 1934. These forward-looking
statements can be generally identified as such because the content
of the statement will usually contain words such as the Company
or management ``believes,'' ``anticipates,'' ``expects,'' ``estimates,''
``plans,'' and words of similar import. Similarly, statements
that describe the Company's future plans, objectives, goals or
strategies are forward-looking statements. Such forward-looking
statements are subject to various risks and uncertainties that
could cause actual results to differ materially from those projected
in the forward-looking statements. These risks and uncertainties
are discussed in more detail in the Company's Annual Report on
Form 10-K for the fiscal year ended August 31, 1998, including
the Management's Discussion and Analysis of Financial Conditions
and Results of Operations section of that Annual Report.
Contact:
Nichols Research Corporation,
Huntsville Pat L. Hattox,
256/885-7447 hattoxp@nichols.com
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