Hadron, Inc. today announced that its wholly-owned subsidiary,
Analex Corporation, has been awarded the Expendable Launch Vehicle Integrated
Support (ELVIS) contract by The National Aeronautics and Space Administration
(NASA). The total value of the ELVIS contract is $163.7 million over a period
of nine years and four months. The ELVIS contract award is expected to
increase Hadron’s employee base to more than 550, and increase the Company’s
revenues by more than $17 million per year over the course of the contract.
Other members of Analex Corporation’s ELVIS team are SAIC, Swales Engineering
and a.i. solutions.
Under the ELVIS contract, Analex will provide a broad range of Expendable
Launch Vehicle (ELV) support services for NASA requirements at John F. Kennedy
Space Center, Florida; Cape Canaveral Air Force Station, Florida; Vandenberg
Air Force Base, California; and other launch site locations. This includes
management, operation and maintenance of facilities, systems and equipment, as
well as specified technical and administrative capabilities.
The contract covers responsibility for furnishing engineering services;
performing safety and mission assurance functions; and providing
communications, data and telemetry support. In addition, at Vandenberg, Analex
will also be responsible for maintenance of NASA’s administrative, launch
support and spacecraft facilities, mission support planning, and customer
support for payload processing activities.
The contract has a one-month phase-in period beginning June 1, 2002, to be
followed by a three-year, three-month basic period of performance. There are
two options of three years each for a potential nine-year, four-month contract
term. The contract value for the basic performance period is $54.9 million.
The potential contract value including all priced options over nine years,
four months is $163.7 million.
“We are delighted to be selected to support NASA in one of the agency’s
most critical mission areas,” said Sterling Phillips, Hadron’s President and
CEO. “When we acquired Analex we had confidence it was the premiere ELV
engineering company. We are gratified that NASA chose Analex as its prime
contractor on the ELVIS contract,” he concluded. Mr. Peter Belford, Analex
President, added, “The mission of NASA’s ELV Program is to achieve launch
service excellence and to assure mission success for every customer. In order
to support this mission, Analex will provide the Agency with launch support
services that are safe, reliable, and affordable. Excellence in customer
satisfaction and exceeding customer expectations are our primary goals.”
Hadron’s shareholders recently approved changing the Company’s name to
Analex Corporation, a name that has broader recognition in the Company’s key
markets. This name change will occur during the third quarter of 2002.
Hadron acquired Analex Corporation in November 2001.
Hadron specializes in developing intelligence and biodefense solutions in
support of our Nation’s security. Hadron focuses on designing, developing and
testing aerospace products and systems; developing innovative technical
solutions for the intelligence community; analyzing and supporting defense
systems; and developing medical defenses and treatments for toxic agents used
in biological warfare and terrorism. The Company’s stock trades on the OTC
Electronic Bulletin Board under the symbol HDRN. Hadron can be found on the
Internet at http://www.hadron.com . Hadron investor relations can be
contacted at (703) 329-9400 or via email at agordon@hadron.com.
NOTE: Except for the historical information contained herein, this press
release contains forward-looking statements within the meaning of Section 21E
of the Securities and Exchange Act of 1934, as amended, that involve a number
of risks and uncertainties. These forward-looking statements may be
identified by reference to a future period by use of forward-looking
terminology such as “anticipate,” “expect,” “could,” “intend,” “may” and other
words of a similar nature. There are certain important factors and risks that
could cause results to differ materially from those anticipated by the
statements contained herein. Such factors and risks include business
conditions and growth in the information services, engineering services,
software development and government contracting arenas and in the economy in
general. Competitive factors include the pressures toward consolidation of
small government contracts into larger contracts awarded to major, multi-
national corporations; and the Company’s ability to continue to recruit and
retain highly skilled technical, managerial and sales/marketing personnel.
Other risks may be detailed from time to time in the Company’s filings with
the Securities and Exchange Commission. Hadron undertakes no obligation to
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.