STTS, LOGICON SIGN LETTER OF INTENT TO PERSUE IS/IT OPPORTUNITIES
Contact: Bob Koch
(703) 713-4431
ASIAN AEROSPACE 2000, SINGAPORE -- Feb. 24, 2000 -- ST Training & Simulation Pte Ltd (STTS) and Logicon International Inc. have signed a letter of intent to pursue information system/information technology (IS/IT) opportunities in regional and global markets.
Highlights
- Logicon to work with Singapore-based company to pursue IS/IT opportunities
- Memorandum of Understanding between the two firms is in development
- Announcement made at Asian Aerospace 2000
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STTS is a subsidiary of Singapore Technologies Electronics Ltd (ST Elect). Logicon International Inc. is a subsidiary of Logicon Inc., a Northrop Grumman Corporation (NYSE: NOC) company.
The letter, signed at Asian Aerospace 2000, signifies the two companies' agreement to work together in areas such as local and regional defense requirements and civil and commercial opportunities calling for single system and system-of-systems applications of advanced IS/IT.
"STTS and Logicon plan to conclude a Memorandum of Understanding soon," said Mr. Yon Thiam Chong, president of STTS. "We are building a synergistic relationship to address mutual regional and global interests, and deliver information technology products to our defense and civilian customers."
STTS has extensive expertise in providing the simulation and training industry with turnkey and customized solutions. In Singapore and in the Asian region, it is a one-stop solutions provider, developing new and innovative products and services, and providing maintenance and upgrade services.
"This business relationship is one that benefits both companies, allowing us to jointly pursue various market opportunities," said Mr. Seah Moon Ming, president of ST Elect.
ST Elect is part of the Singapore Technologies Engineering Group (ST Engg), the largest engineering company listed on the Straits Times Index, the Singapore stock exchange. ST Elect specializes in the design, development and integration of advanced electronic systems, such as communication systems, microwave systems, traffic management systems, real-time systems, training and simulation systems, intelligent building management systems and intelligent rail systems.
With more than 12,000 employees and 1999 sales exceeding, $1.4 billion Logicon is at the forefront of IS/IT development and application in the military, civil and commercial sectors with emergent products and services. Logicon's Advanced Technology unit, headquartered in San Pedro, Calif., is leading the company's efforts with STTS.
"The partnering opportunities we are exploring with STTS are far-reaching and intended to lead to comprehensive joint ventures in regional and global IS/IT markets," said Harlan Johnston, president, Logicon Advanced Technology.
Logicon Inc., headquartered in Herndon, is a subsidiary of Northrop Grumman Corporation. It is a leader in advanced information technologies, systems and services. Areas of expertise include command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR); weapon systems; information systems; training and simulation; science and technology; base and range support; and system support services.
