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Technology Stocks : SatCon Technology (SATC)
SATC 1.5000.0%Nov 5 3:00 PM EDT

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To: Jim Oravetz who wrote (429)3/29/2006 12:57:59 PM
From: Jim Oravetz  Read Replies (1) of 440
 
SatCon Gets Subsystem Pact For Unmanned Army Vehicles
DOW JONES NEWSWIRES
March 28, 2006 10:36 a.m.

SatCon Technology Corp. (SATC) received a contract from BAE Systems PLC (BA.LN) to develop a starter generator for unmanned ground vehicles under the U.S. Army's Future Combat System.

Financial terms of the agreement weren't disclosed.

BAE Systems is a subcontractor to Lockheed Martin Corp.'s (LMT) Missiles and Fire Control unit, the prime contractor for the vehicles.

SatCon, a maker of energy management products, plans to deliver the units by May.

Shares of SatCon recently rose 4 cents, or 1.7%, to $2.43.

-Dorna Naseri; 201-938;5400; AskNewswires@dowjones.com
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