Tracor gains Navy engineering contract $16.7 million deal is for ships, submarines

July 31, 1996|By Ted Shelsby | Ted Shelsby,SUN STAFF

Tracor Applied Sciences Inc. has been awarded a $16.7 million Navy contract for engineering services and materials development related to making military ships and submarines quieter and harder to detect by enemy radar and sonar.

Work on the contract will be performed at Tracor's engineering center in Rockville and at a laboratory in Annapolis.

The five-year contract was awarded by the Naval Surface Warfare Center in Bethesda.

Tracor will provide engineering services, materials development and materials testing and evaluation in support of the Navy's signature reduction program for ships and submarines.

"We have provided engineering and technical services to the Navy in this important area for more than 20 years," K. Bruce Hamilton, president of the Tracor Sciences, said in a prepared statement.

Tracor Sciences is a subsidiary of Tracor Inc., based in Austin, Texas. The parent company is one of the 15 largest defense electronics companies in the nation.

Tracor has approximately 1,200 employees in Rockville and Silver Spring, including its Vitro division, which is involved in the development of surface ship combat systems, missile weapons, anti-air defense systems, submarine weapons systems and air traffic control equipment.

The company also reported higher second-quarter sales and earnings.

For the quarter ended June 30, Tracor posted a profit of $8 million, an 18 percent increase over the $6.8 million earned in the same period last year. On a per-share basis, that was equal to 34 cents, up from 30 cents. Sales rose 23 percent to $267.4 million.

During the first six months, the company posted net income of $15.65 million, equal to 66 cents a share, on sales of $496.4 million.

Pub Date: 7/31/96

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