Blog > Editor's Pic > Argon ST (STST) may hold the key to future earnings in a war-weary world
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Argon ST (STST) may hold the key to future earnings in a war-weary world

Today's Financial News - Posted December 8, 2008

Defense contractors are casting a wary eye at the new administration. But Argon ST has the technology that will prove essential.

by Laura Cadden, TodaysFinancialNews.com

Baltimore — (TFN): Argon ST, Inc. (NASDAQ:STST)will hold firm even as defense contracts slip away.

The key is their technology.

The Virginia-based contractor develops communications, combat and intelligence, surveillance and reconnaissance systems.

At the end of September, Argon’s quarterly net income came in at $5.3 million – that’s $4.2 million up for the same three months the year prior.

And just last week, the company was awarded a $30.4 million extension on its contract related to a communication intelligence system for the U.S. Navy.

Unmanned surveillance and intelligence-gathering technologies will play an even greater role as a new administration seeks to remove U.S. troops out of harms way.

I recommend you buy shares of Argon ST, Inc. (NASDAQ:STST) at or under $19 a share and hold for double-digit gains.


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